- Never assume. 2.) We can not cap the power because communism always fails and nobody invests in something not seen as free market. 3.) Whales will simply diversify into multiple acounts and game the system at advantage to normal investors without knowledge of blockcahins or code.
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Bingo. This. But most of all...yiu are SPOT ON when u say people will simply make extra accounts (like most krakens already have..because people like smooth and abit who not only have big whale accounts, but ALSO witnesses...are the real issue here).
Sure you can ASK people to voluntarily do it (like im basically doing...which is to severely cut back my voting max % on nearly everything), but all this means ...kind of like in the gun debate...that those who DONT voluntarily drop their voting power will simply earn more voting power in the system than those good hearted people (who are prob best to give extra sp to in the long run).
Thank God for my idea and a friend building it. It will fix alot of this crappy aspect of this amazing platform.
Making changes that make sense for the success of Steem is not communism . 3) There may be ways to encourage large accounts to remain that way. There needs to be an investor class that cannot use extreme influence in the day-to-day disbursement of the reward pool. In fact, multiple account might be better than that....even though the influence amounts to the same.