You are viewing a single comment's thread from:
RE: First week - Dereliction of Democracy?
This is a serious problem with witnesses and dead votes. Witness ranks should be refreshed completely once a quarter or so. So users actually voted consciously and witnesses would take their responsibilities more seriously.
I believe I've read in the paper quoted above that there are proposals in EOS for instance to apply a "decay rate" on witness votes in order to prevent witnesses from becoming entrenched. Not sure this would be agreed by the already pretty entrenched witnesses of steem, it's the kind of "asking turkeys to vote for Christmas" proposal that only works if it's baked in from the very beginning.
There's no doubts that steemit is deeply flawed and this "decay rate" is something that should have been there from the start. EOS has it right, for sure. A shame I choose steemit to invest, really bad idea so far.
I don't lose faith - when something is still on paper or in testing mode everything looks rosier than proves out to be afterwards. I wouldn't say steemit is "deeply flawed" but it does have its problems. Thing is, it is a mostly deecntralized system, hence there's nothing stopping another bunch of bright people (with some seriously rich dads) from coming along and steering the ship in the right direction. Look at what busy.org has accomplished, without involvement from Steemit Inc (also called STINC).
Rich kids will just turn out to be pool-abusing faggots like @haejin, because most people are greedy fucks, unworthy of air they breathe in. Alas, this is the world we live in. A good intension rarely comes along with the ability to accomplish it, sadly.
Indeed. Having both good intentions and the ability to put them in practice is exceedingly rare ...
fuck