You are viewing a single comment's thread from:
RE: How reducing the number of witness votes per account can improve decentralisation
Since limiting the number of votes for witness positions can be worked around by dividing the stake into different accounts wouldn't the better solution simply be to have 1 vest = 1 vote?
For instance, if you have 100 vest and you vote for one witness your vote is worth 100 but if you vote on 2 witnesses each vote is worth only 50. In my view the advantage of using a 1 vest = 1 vote is that the voting potential doesn´t get wasted but by using a system with a set amount of votes you can have alot of voting potential underutilized when stakeholders do not use all of their votes.
I would also add an economic incentive to voting on blockproducers by linking the inflation rewards to it.
So this would involve an automatic adjustment whenever someone votes on another witness. That would be a good way of utilizing stake as well as preventing anyone from dominating the voting. My only concern is that some people might not understand why their support for a witness falls when they vote for someone else. Still, this is one of better solutions I have seen.
This sounds like a great idea
Support