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RE: Democratizing Steem!
If you split up your stake you probably won't be able to elect any top 20 witnesses. So you'll probably elect 20 top 60 witnesses which doesn't help you a lot.
Huh?
120mv distributed in 10 votes is exactly the same as 120mv distributed in 30 votes, or 5 votes.
120mv distributed in 10 votes = 120mv each vote.
120mv distributed in 20 votes (if its 10 votes per account) would be 60mv each vote.
You missed the entire point : 120mv = 120mv. You can slice a pie into 30 pieces or 10, it doesn't change the size of the pie.
But it reduces the slide each of the people get, that's the entire point I'm making.
No it doesn't. Don't you see that splitting one initial pie into 3 pies of 10 pieces each make each one of those slices exactly as big as slicing the initial pie into 30 pie-ces?
I really don't get your point.
Right now everyone has 30 witness votes. Where each witness vote is worth the full vests the account has. Let's denominate this as "x" vests.
If the account only voted 1 witness, this witness would also only get one vote worth x-mv, thus, he should vote 30 times since this way he is able to distribute 30 x-mv in votes.
If we restrict his power to 10 votes, he will be able to vote 10 x-mv in votes.
And if he splits this up, it's not worth it.
The total quantity the account is able to vote is 10 x-mv, or 20 x x/2-mv or 40 x x/4-mv, but the more the account splits it, the more difficult it will be to make the vote decide who is in the top 20.
Why not? He still controls as much stake in proportion to everyone else as before. Xmv is the whole point, that doesn't magically shrink in influence because they can only vote 10x with it. The orcas that you want to be able to compete with those votes will also only have 10 votes, and they won't be worth any more than before or his any less. It doesn't change anything because he can give out as much of the pie by splitting it up and stacking slices, so that 10 slices will equal to a whole pie, or 30, as before. Being able to natively distribute xmv 30 times or 10 times won't change his influence at all, he can simply split it up and it will still not be any less than the hypothesized orcas and dolphins stakes, because obviously the proportion of his stake to everyone else has not changed.
It is really easy.
Right now, his 30 votes, can basically vote all the top 30 witnesses => Very strong influence!!!
If he only has 10 votes, he can only vote the top 10 witnesses => 50% of the top 20, much better.
If he splits it into 2x10 votes, each of these votes is worth only half. (Yes it is still worth a lot, but only worth half than what it'd be if he hadn't split it)
So, if the orcas and dolphins don't split their stack, each of their vote is worth more now after the change (because they didn't split their stack).
His overall influence compared to others is the same, but his influence on the top 20 is now smaller, either because he can only define the top 10, or because his vote will only be x/2 compared to the people who don't split their stack.
His overall influence compared to others is the same, but his influence on the top 20 is now smaller, either because he can only define the top 10, or because his vote will only be x/2 compared to the people who don't split their stack.
There is no but, it is really simple but it obviously still evades your grasp:
Xmv = x% of all v= x% influence over the top 30 witnesses.
He splits it in 3, and he will have exactly the same amount of vests to vote in proportion to everyone else exactly like before, because his stake did not grow or shrink in proportion to everyone else, so yes he will split it and yes it will still have the extact same % of mv over the top 30 as before.