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RE: Steem Witnesses: Vote Number and Decay

in #steem6 years ago

When we look at investments of hundreds of thousands of dollars - where investors will only use a back end like Vessel for security, should they be forced to change Witness votes regularly when every log in is a potential security risk.

I think that asking an investor to cast votes once per year (or at least every 65 weeks) isn’t putting unnecessary burden on them. If they actually value their investment, it would make sense that they have at least this very minimal burden.

As stated in the post, it’s no different than real-world investors holding stock in a company and voting annually on a board of directors. If that’s what we’re pretending that crypto speculators are, then having similar standards shouldn’t be out of the question.

Investment often requires analyzing risks and even taking a somewhat active role in oversight of the company/investment. If we want a healthy investor/investment environment, then we ought to ensure that the “product” isn’t stale and that there’s at least a perceptible amount of oversight. Forever VotesTM don’t accomplish this.