1:1 isn't pointless, it was always the logical answer for how voting should work. The ability to Sybil attack this network was built into it from the start... almost purposeful it seems. Maybe it was a good thing to bait one now instead of later.
1:1 makes a lot more sense for more reasons than just network security. It also makes it easier to elect single witnesses to the top 20 in a much faster timeframe. There are so many reasons to do it, probably the biggest one is just that it makes the most logical sense to everyone who is trying to figure out the platform. 1:30 makes it looks like we attacked ourselves on purpose like idiots. Again, maybe this was all part of the master plan to bait something insane like exchanges attacking us. Obviously this is far fetched, but whatever.
I meant to place that comment under the main post.
Unless I'm missing something, it took me all of about 2 minutes of thought and I already found a way to exploit that system for far cheaper than what it would cost to do it today.
Everyone thinks they know how to fix STEEM. But is it really broken? Always moving the goal posts. I've seen this a million times over the years. Everyone is getting pulled in every direction, panicking, armchair politicians, experts and lawyers. Instead of getting good at the game, people always want to change the rules. Look how many people weren't even voting for witnesses until recently. Was the system broken or were the people broken?
Think.
Did you now?
Share with the class.
I don't see how that's possible.
Giving 30 votes in a 20 witness system is absurd.
The COST of taking over the chain is what people need to think about. If I was only allowed to have 10 votes, I could make two accounts and have 20 votes.
If I was allowed one vote, I could make twenty accounts and have 20 votes.
um... what?
1:1 doesn't mean one vote.
It means one coin can only be allocated to one witness.
How much would that cost then?
How much would what cost, friend?
How much would it cost to bump all existing witnesses out of the top 20, or is the top 20 not a thing after a change like this?
Man. This is why so many people leave when shit hits the fan here. Nothing makes sense. People just go back to where the entertainment is.