Could it be possible that witnesses could organize into "cartels" by concentrating the role of validation in a smaller number of holders, thereby making the protocol less decentralized and open to attacks?
I was thinking about exactly this a few days ago... And these don't have to be witnesses, but rather big whale accounts with a lot of stake... I was thinking about DHF proposals and whale accounts creating their proposals... When we have more and more "whale-driven" proposals, we have more and more "favor-voting" happening in the background... it happens everywhere, it's in our human blood... and when you once try the sweet, free h(m)oney, you can't stop asking for more... When you live in corrupted countries, you know how it works... 😂 More money is spent on bribing, and less on actual investing and producing... No competition, etc.
That's why it's important what you said... to have more people who grow their stake and participate in governance... It's OK to have a different opinion... It's OK to say NO to some proposals... It's OK to be different... It's not personal!
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What a great comment!
One of my focuses for this year and probably the coming years is to tell others about the importance of building a voice through our stake. Just like in the real life example I shared about our politicians, it won't be everybody, but we can have enough orcas out there with enough diversity in personalities, friends, interests, that wealth is not concentrated in a single spot or with a single group. There should also be enough orcas out there to outweigh any single whale. Again, to balance the power.
On the other point about DHF, I keep thinking that there's a way to eliminate the risk of this large h(m)oney pot being the cause for "favor-voting" and such. The solution is to eliminate the h(m)oney pot. Again, with enough voting power and involved citizens, we might be able to pass a burn proposal.
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