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RE: Steem Foundation Elections
If anyone tries to use a whole bunch of the accounts to vote for themselves they will be disqualified. This isn't the WG elections, this is for a real entity. You can't be blacklisted because you can't have committed fraud or be of the type of character to commit fraud. Would you want someone running a non-profit who has a history of fraud? I don't think so. The cap is so a single whale can't dominate the decision-making.
By what mechanism do you propose ascertaining a user with thousands of accounts is splitting their SP amongst those accounts to surpass the 250k limit?
They can't possibly split. If I have a whale account and I want to split that I have to power down. Each power down takes 13 weeks, with 1 week per installment. I simply won't have the chance to do this. The election is in a few weeks. At best anyone attempting will have a shot at a couple small accounts. It's honestly a waste of time for them to attempt this. It would be a better use of their time to write a nice bio and set of reasons for them to be elected.
Ok, accounts with substantial VP would need to powerdown to split that VP, so if they voted with SP they would need to powerdown before delegating or transferring that SP to another account. Please confirm my grasp of the matter.
I note that accounts with more than 3.25M Steem would get the cap each week if they powered down. This would be pretty obvious, so I suspect that double voting SP would be difficult to do cryptically. I'm pretty confident that users with thousands of accounts will be voting with multiple accounts, but that is a separate issue.
Also, there are folks that would prefer to be the power behind the throne, and may not necessarily stand for election themselves.
Thanks!
Yes. There's approximately 100 accounts with over 250k SP right now which isn't all that many. There are a few that we know of that do have a split stake, such as those who have a business/curation account, but we'll deal with that closer to voting time.
BitShares has 6 accounts that stopped entire production and development of blockchain. Voting CAP is a must!