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RE: Witness Voting Schemes: An Analysis

in #steem5 years ago (edited)

"1 SP 1 Vote Scheme:
Advantage: Simplification'

"Every user only votes for 1 witness, big users will have to split stake to vote for several witnesses. This is easier for new users to grasp and identification is established. Single party has to split stake to vote for many witnesses."

This is incorrect. What you describe here is 1a1v, not 1t1v, which is how it is labeled. A better way to understand 1t1v is that witness vote VP depletes 100%. Thus an account can vote however many different witnesses they want to, but can only vote each SP once, because SP already voted with has no VP remaining. So the account can vote all their SP for one witness, and be done, as you suggest above. However, they could also split their SP into 30 witnesses. If they do that, their SP is split amongst the witnesses they vote for, and they do not vote any SP for more than one witness.

For example if they have 30 votes, they can vote that all for one witness, or 1 vote for each of 30 witnesses in the above example, or any variation between, but will not have more than 30 votes. [I am using votes as you do throughout the post, meaning Mvests.]

Thanks!

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On purpose. 1t1v basically allows you to distribute your voting stake to as many accounts as you want without having to power it down. So basically 1t1v is like a 1a1v where every account has only 1 SP.

"1t1v is like a 1a1v where every account has only 1 SP."

I don't even understand this analogy. 1t1v allows you to distribute your stake as witness votes as you will, but to only vote each SP once. If you have more than one witness you want to vote for, you can split your SP however you want. It's nothing like 1a1v, which only allows one account per user to vote, no matter if your other accounts have SP.

If every account on Steem only has 1 SP. Then 1t1v == 1a1v. This allows maximum flexibility to allocate stake to votes. This is the assumption I work with.

Not at all, because I can vote that one SP in fragments on 30, 50, or 100 witnesses. To vote 100 witnesses with 1 SP I'd just vote at 1% VP.

What 1t1v really is, is just 100% depletion of VP. Then each SP you vote is depleted of VP, and cannot be voted again.

That's 1t1v.