So one of the concerns is that he could suddenly use his stake to vote in his witnesses, thus making it impossible for current ones to react and continue on the main chain. A hostile takeover so to speak. So why not implement a system where there's a timed delay for your witness votes. That could be a solution right?
I advocate for making witness voting 1 SP = 1 vote. Not 1 SP = 30 votes. Right now 20 million SP could vote 20 million weight on all the top 20 witnesses. That should be made so that the more witnesses you vote for your stake spreads among them, IE: 20 million SP voting on 20 witnesses equals 1 million votes to each witness.
This makes witness voting much more decentralized and democratic rather than making SP 30 times more powerful in governance. It also makes it virtually impossible for one big power player to control all the witness spots needed to approve hard forks. Even if STINC starts voting on witnesses, under a 1=1 system the community could still rally behind several of their own choices for representation.
I believe there should be 10 votes for each individual.
This means that no one account or group of account could automatically take control.
Since there are 21, there would need outside help.
Posted via Steemleo
That would decentralize it even more. I wouldn't be opposed to 5 either.
Posted via Steemleo
I thought about that but since there is such an easy work around (just split your stake over multiple accounts) it doesn’t seem like a change would help all that much.
Funny, at first I didn’t think that was at all “Sybil resistant”... but I had to think about it to realize it accomplishes much the same. I’d agree on less than 10 votes though. Splitting a massive 50%~ish stake of the chain across two accounts would still be very powerful to overcome at 10 votes per account. 5 - 8 at most would be preferable.