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RE: Whales - Can the community buy out a portion of your influence?

in #steem8 years ago

Upvoted for a great discussion item. Don't know how I ended up on this list, but as one of the more active people on it, I'd like to stay involved with the content. I'm sure there are others who would take the rewards. And if that's what most people want, I will support it.

I'd love to hear if there are other ideas for evening out the voting power somehow. Nearly everything I've done with curation these past few months has been to help in some small way with bridging the disparity in voting power with the need for more balanced rewards than a handful of whale accounts are able to allocate on their own.

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Upvoted for a great discussion item.

Thanks :)

Don't know how I ended up on this list

You have 619MV of SP, so if the change were implemented, 369 MV of your voting power would be set aside as "investor class".

I'd like to stay involved with the content

For sure! That is one of the key parts to this proposal. As someone with 250 MV of voting power, you would still have a very large influence, but not as huge as your 619 MV gives you today.

Yes, I see. So it offers the best of two worlds, I guess. I'm open to it if it's what others want.

What about reviewing the calculation on voting power, without touching anyone's "stake". (I barely understand the question myself, so be kind if it is a stupid question) https://steemit.com/steempower/@nonlinearone/your-votes-don-t-matter-back-of-the-envelope-steem-power-madness-calculations

This is actually something that's discussed fairly frequently in some chat channels. I don't see why the n^2 function can't be reduced to n^1.5 or lower, just to test it out...especially since we're going to be in beta for a long time, it seems.

The distribution is so far out of whack that I think any way to minimize the imbalance can at least be tried. If it doesn't work, then no big deal. If it does, then great! A better balance can be achieved!

Thank you. I read this a long time ago. It was only recently, I felt like I understood what it's means.

Please I have been begging for this for months!

There are actually some separate discussions going on about trying to push for "n log(n)" instead of "n^2", which is along the lines of what @nonlinearone's post is proposing. [Edit] It would likely make a lot "flatter" distribution in rewards.

This is the single best fix for the platform. It's been a problem and has been identified for months and there has been no traction. Frustration withthis is why I drastically reduced posting about 4 or 5 months ago.