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RE: The Proposal System is fundamentally broken!

in #hive4 years ago

At least their HP will be split among hundreds of accounts and no single whale will be able to vote for multiple proposals with full power.

Why would that be? It makes no difference whatsoever from how many accounts the voting power comes from. Voting with multiple accounts is easily automated using bots.

Besides, no hard fork will take place without the consent of the largest stakeholders here, so it would be a moot point anyway.

After seeing what Stinc did for three years - nothing of significance other than mira and communities - it will be very hard to underperform based on how low the bar has been set.

You think 22 hard forks is nothing of significance? Ned was a bad business manager. Financially, Steemit Inc was managed poorly. They didn't cash out during good times, which put them in a terrible position in late 2018. Eli Powell seemed to be competent at cost cutting and keeping the company afloat. I think the jury is still out there when it comes how well the DAO is capable of funding development.

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Because one account one vote

nothing of significance other than mira and communities

I'm sorry but I'm not following you. Could you clarify what you mean?

if a whale has 100mil hp, how is he going to vote with the entire 100 mil for multiple proposals under one account one vote?

if he was to equally vote for two proposals each would be voted for 50mil not 100

I see what you mean. There is no voting power for proposals or witnesses that can decay or be depleted.

Would the largest stakeholders who control the witness spots agree to a hard fork to implement one account one vote.

Sadly, I don't think they would let it pass.

Me neither, which leaves active participation by the middle-tier users right now the only option. We can also grow our stake but buying more HIVE.