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RE: The Great Steemit Debate: Tone Vays vs. Jeff Berwick "Ponzi Scheme or Paradigm Shift?"

in #steem8 years ago (edited)

He mentions that it can't be called a hybrid system when only 5% is POW and the other 95% is POS (19:33) and that is a very reasonable statement !!! I personally also thing if we had more POW slots and made the analogy at least 80:20 for example (I know that expanding it more would probably reduce performance too much) that it would be more fair and it would distribute the tokens to a more wide audience. It is also very obvious that the top 19 witnesses take too much rewards that make the probability of the project to fail much greater since too much power is given to a minority... That don't help the decentralization of the project and grows the risk that bad actors could heavily damage it... You must reduce witness rewards and give it elsewhere for example for curation, backup witnesses, authors or why not redistribute rewards to ALL Steem Power Holders! (except steemit account)