RE: Stake-weighted voting is a neo-fascist abomination: anti-liberty, anti-equality, anti-humanity
i think you're one of the only witnesses that actually care to improve this platform.
frankly, despite my criticism of steemit (and the dismal trending page) i don't know how much can be done to change things on the platform. The mechanisms in place are able to reward content based on the stake involved, not on the actual essence of the content. Steem reflects the current global wealth distribution anyway, so this mechanism continues to reward those already with enormous investment.
Is steemit simply an example of what wealth looks like, absent of any creativity? Is trending what the world would look like if people only went to school for marketing and learned nothing about art?
at least there's some good here. The fiction community rewards one another in a pretty altruistic fashion. And @curie remains a light in the dark.
there is something: Sublinear curves like this one:
The opposite of superlinear curves.
You would still have stake based voting but there would be a maximum on how much your stake is worth so that whales would not become unlimitedly powerful. Sure you can create extra accounts but that would be a lot of extra work.
Currently Steem supports the curves: x² ; x ; √x and active is x. Let me plot them together:
As you can see even √x would be better for small accounts. And x² would be a disaster for small accounts.
The perceived drawback of sublinear is that it'll reduce demand for large Steem power ups. However, most of the civilised world has a progressive taxation structure, so I'm not convinced aboit the evidence for this. Either way, I've reconciled that any kind of stake-weighted voting is a dead end, with no sustainable solution.
True. but it would only affect 0.1% of the accounts:
https://steempeak.com/steem/@preparedwombat/how-much-steem-power-does-it-take-to-be-in-the-top-10-of-accounts-the-top-5-the-top-1
What surprised be on this Article: I am well in the top 5% of all account and yet still feel totally insignificant.
It's not a matter of how many accounts it'll affect, but what proportion of Steem holdings it would affect. I'm willing to bet top 0.1% holds an obscene supermajority of Steem Power.
Of course they do.
That's why i agree that √x sub-linear won't cut it and I think that only 1-e⁻ˣ sub-linear could potentially fix stuff because is has a maximum power level. Once you approach that maximum it becomes effectively one account one vote.
The trick would be to set that maximum low enough so that there are enough user with a maximum / full vote – Current Dolphin perhaps. Or even lower.
But this is all mute. The top 20 will never agree to curtail there own power that much.