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RE: Voter apathy - a problem for DPoS

in LeoFinance7 days ago

It is definitely important. We get to decide which witnesses and proposals get paid. I've had people chasing my vote. The big players tend to have the key vote, but the smaller accounts can add up. For witnesses you can set a proxy you trust to vote for you. I review my votes periodically.

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I might make an explainer on how to set up a proxy. Every HP counts towards protecting this protocol.

Not sure that the proxy vote would solve the issue... I noticed some huge proxy votes on some "influencer" accounts... It's just centralizing the votes, and very rarely, people pick "small Hivians" as a proxy...
So, maybe it's better to NOT VOTE than to GIVE YOUR VOTING RIGHTS to someone that will use it badly... 😃

But, the proxy voting is built in the chain, so it is what it is... :)

What would be interesting to see is downvoting the proposals... like in SPlinterlands... In that way, at the situation what is happening right now, some good proposals wouldn't pay the price for "trade (voting) wars" 😃

"small hiveans" usually don't care much about protecting the protocol. I think the strongest play is to grow in number of orcas that can make up for non-voting small accounts and at the same time counter-balance the voting power of whales.

What would be interesting to see is downvoting the proposals

Yes! Agreed. This needs to be common practice.

I should review as well. Good idea. I wish i was an orca...
I don't have much else to say, but I'm always looking and listening.

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