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RE: Witness Temporary Vote Decay Proposal
This is an interesting proposal but I doubt it would change much..top witnesses vote each other and as a consequence there is a huge divide between them and the rest of the other lower rank witnesses, even with 90% of their votes they would still be ahead most witnesses. There is just the illusion of a democratic system, truth is it's up to a privileged few to decide which witness will rank higher and it's not always for merit. The little guy can do whatever but if he doesn't belong to the "circle" he is never going to make it to the top. Of course the whole community looks bad for this and obviously those at the top have no interest in changing anything.
The top witnesses voting for each other is not as much of a problem as people believe. Many of them have been through a lot together and have established trust. None of them have the Steem Power to make a top 20 witness, neither do all 20 combined.
It helps, but it certainly doesn't make them a top 20 witness or anything remotely close. It takes a lot of votes to get even close to top 20. Most of those votes are not from witnesses.
As in everything you need competition to motivate and to keep improving..right now this is missing or at least the competition is fierce at the bottom where witnesses have little resources to make a change..definitely there are users that with a single vote can push witnesses to the top 40..but other than moral considerations we can't really tell people for whom they should vote..it's different for witnesses and their symbolic meaning..they should give the example and there only a few of them that are at least trying to do something good..their vote may not push witnesses to the top position but it would send a signal that it's still a democratic system and not a closed circle of friends uninterested of what happens at the bottom..