RE: Witness Controlling Power, Witness Proxies, and Witness Voting
the word 'control' comes from the centralized corporate world we live in. In company law, a controlling vote is a vote of 51 % or more. Appointing a 'proxy' is also a feature of the corporate world I do not believe steemit and the blockchain want to be like the 'corporate world'. I believe that it wants a more decentralized operation. I think this analysis shows that we are not as decentralized as we think, and we still have some work to do.
Unfortunately it is possible for people to be in 'control' and have no other agenda but their own, or not to be aligned with the feelings and wants of the community. What one person things adds values, is not always the right and long term action to take.
Steemit has this huge opportunity, but the opportunity is in the hands of each and everyone here on steemit. I hope this posts shows the importance for each of us to get voting when it comes to witnesses
yeah I understand what the words mean. But what do you think witnesses actually "control" was really what I meant by my question?
witnesses control the forks, hence what gets implement here on steemit, is this not the case?
There is also a substantial financial reward for being in the top 20. Whos gets this can be controlled by the majority vesting shares
These are truths. And good points. My point was that they dont write the forks though, they just agree to them or not. Its been rare they didnt agree but it did happen at least twice, the last time being HF16 as I hear it told.
The rewards are a thing though, for sure, and you can walk into the place tomorrow with substantial money and buy all the top 20 slots if you want to dump that much SP into the takeover, so you have solid points there.
I just checked and on pure voter count alone, Id be literally 20 positions higher, because so many people vote for me, but they are all tiny minnows mostly, so despite having more voters than MANY above me on the list, based on my project which people love, I can't get up there, because the whales barely know who I am --- or feel threatened maybe?
Well @sircork you are now one minnow vote up.
Anyone in the top 20 that get relegated down will feel it $$$. Unfortunately where there is money there is motive. Personally I would like to see the payments for witnesses changed. But that is for a different post :-)
Thank you! You may already know my project is a charity - the first of its kind, based on steem alone and the community here, to be the worlds first block chain transparent, crypto driven worldwide humanitarian aid foundation. I appreciate you and your work and your support. You know from our previous encounters and history, the purity and future of this platform and the good we can do are of paramount importance to me. I cannot stand the dirty tactics, and deals that go on here, and that doesn't make me popular with the big fish, but I'd rather be right and nobody, than dirty and somebody.
you should pop over to our server one day, we have #social-investments and @papilloncharity, I think you would get on very well.
https://discord.gg/kGFYXx
Im in it already but never have spoken there much, after I came in. Im in so many, its hard to cover all the ground. I am VERY interested in talking to both of those groups though! Thank you!