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RE: The Most Voted Witnesses In The Last 3 & 6 Months! This Is What Witness Vote Expiry/Decay Would Look Like (Kinda)

in #steem6 years ago

Congressmen and Senators

Senators are Congressmen, by the by. As for your suggestion for a vote cap: unless that cap was sufficiently low such that major stakeholders were in competition with much smaller shareholders, I don't see how it would make much of a difference. Additionally, many of these high power votes come via proxy, which compounds the voting power of a number of users to boost the overall weight of the vote.

I think decaying votes is the most straightforward solution to addressing the problem of witness voters not renewing their votes and then dropping off somewhere. While the entrenched witnesses may still end up there, it at least encourages a refreshing of everything from time to time.

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Go take a look at @reggaemuffin 's comment/suggestion below, ref:

https://steemit.com/steem/@ura-soul/the-most-voted-witness-in-the-last-3-and-6-months-this-is-what-witness-vote-expiry-decay-would-look-like-kinda#@reggaemuffin/re-jackmiller-re-reggaemuffin-re-ura-soul-re-reggaemuffin-re-ura-soul-the-most-voted-witness-in-the-last-3-and-6-months-this-is-what-witness-vote-expiry-decay-would-look-like-kinda-20181006t120630520z

and my response to it.

This line of thought that he brought up could actually be an answer to many things, including but not limited to:

dead voters (& in turn dead followers)

  • RC's that are just sitting there and not being used!

;)