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RE: A Case for Stake-weighted Voting?

in #steem6 years ago

Yea, I mean no one really wants account-based voting, they want person-based voting, and there's currently no feasible way to do that here. Any whale or voting bot with a large amount of SP could create 10,000+ accounts, for free, right now, and then be able to swing any poll on the platform. It wouldn't be very hard to get them to 40+ rep either. At the end of the day that just means that these polls should only really be used for lighthearted things that don't carry serious monetary value or importance.

Posted using Steeve, an AI-powered Steem interface

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Yes for sure, we are seemingly a long way from people-based voting methods.

If the vote relates to money or major decisions then stake should have the say. What's the point in holding influence if you have no more of that than someone who signed up yesterday and has invested nothing?!

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