Still a weighted voting system based upon holdings.
The only difference is the idea here is to cap the influence of the larger accounts to prevent another situation like we often see on hive which can effectively be a dictatorship.
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Good for sabotaging any project.
Never thought that governance can be so hot topic, How the SPI governance work?
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Set up on the same weighted tiers, a little bit different but pretty much the same. The top tier is capped lower on SPI at 2500 SPI's.
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LOL! SPI tends to sometimes need more engagement. Sometimes HODLers just HODL and give ZERO input.
You have to remember though that lots of SPI tokens were given away in raffles and giveaways (I myself used to give them away to fellow steemitmamas) - they were only worth 1 STEEM, so it was seen much the same as giving away a STEEM BASIC Income share.
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It's the middle ground.
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