RE: Steem Consensus Witness Statement: Code Updated

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RE: Steem Consensus Witness Statement: Code Updated

geekgirl in #steem • 5 years ago

Over the last 3 years, I have seen at least half of the top 10 witnesses staying well within top 10 and never dropping below. With lowering the vote amount, I think based on history, we can say most of the top 10 will remain to be the first preference for most voters.

While I agree that it is still possible for 73 mil stake to take over, it makes it more difficult, slow to execute without notice by others, and risky. Considering the risks 73 mil stake-holder would just stay away from voting altogether.

In the event of an attempt of taking over action by the same 73 mil stakeholder, there would be plenty of time for other stakeholders to consolidate their votes around the top 4-7 as a counter-measure to reject any hostile actions/forks.

This was my logic. But I don't know much. You are right. It wouldn't work.

5 years ago in #steem by geekgirl

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jaguar.force 5 years ago (edited)

Ive had it with you lady, Of course he is right and you are wrong, smooth knows this chain and community 100 times better than you and you are just pulling your arguments out of your ass.
So why dont you just listen, watch and learn? Just a suggestion...

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smooth 5 years ago

Not necessary. The discussion about the voting system is perfectly fine and appropriate. It is an exercise in tradeoffs and people see the advantages and disadvantages differently.

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jaguar.force 5 years ago

Ok, I hear you.

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geekgirl 5 years ago

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1 vote

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jaguar.force 5 years ago (edited)

So that didnt work for you then.... you would have come up with an equation that includes real world considerations I guess or apply it correctly.
As you've been clearly told by people that truly understands how this works, your theoretical considerations dont work in reality.

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