There is a lot to take in on this platform. Thanks for providing important information on how stuff works around here. I think I have much more appreciation for stake-weighted voting considering the dilution effect of rewards pool creation on the stake of those holding Steem Power.
What do envisage happening if Steemit switched to account-based voting instead. I'm thinking that would be a deterrent from holding Steem Power because of the lose of influence. How do you feel about it?
I don't think account-based voting would work particularly well for Steem. A big advantage of holding a large stake in Steemit is the ability to utilize that stake to give content that adds most value to the platform a push. Those with a larger stake should have a greater say than those with the most accounts. There is also the question of curation rewards. How will that work under account-based voting. I believe those with a larger stake also stand to lose out. I believe @steemhunt are considering account-based voting using their SMT, this could serve as an interesting trial run and highlight some of the problems and possibly advantages. They also offer an interesting solution to the multiple account issue I mention.
Here is a link to what they are proposing.
https://steemit.com/steemhunt/@steemhunt/steemhunt-s-account-based-voting-ver-2-diversity-score