Allocating a good portion of the reward pool to yourself is something whales could do today so why don't they? There is multiple reasons for that but the primary one is that they are going to be downvoted if they do. So it really is no different to how the system works now.
This is really the big argument against the proposal that I keep running into. It is a valid concern.
Assume that we have everyone in the system playing 'fair' and following the 'rule' where all users above $8k are mods. Then assume there is one smart malicious user with $80k of SP. This user is able to produce a bunch of sock puppet accounts with 'OK' content. Stuff that isn't bad enough to warrant downvotes, but not hard to throw together..
If that user split their SP into 10 user accounts, their upvotes would be a much larger portion of the total voting pool, and they would be able to siphon off a very large portion of the rewards pool compared to today when many other whales are using up the majority of their voting power.
I don't know if the amount they would get from moderator rewards would be enough to incentivize a selfish user to keep all their SP in a moderator account.
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I want this to work, but I also do not have a non-subjective/non-opinionated rebuttal to that concern.
I know what you mean. It would be interesting to make some calculations to see how much a user could earn by doing this and how much he could earn by being a moderator within same time period.
I also think that the reputation system could help identify such behaviors, if someone is constantly upvoted by accounts that have not introduced themselves or just inconsistent accounts.
I've done some 'fuzzy math' in my head, and I believe it would be a lot more if they could get away with it. I think the real undecided factor of this are how good of a job could moderators do catching this behavior, and how many people would prefer to try this over just taking their moderator rewards.
So how about allowing a user to take a portion of SP and transfer it into a new account that is set with an instructional guide on how the account should be used. This will give the whales an opportunity to use their knowledge base in the form of instruction, also creating a new and improved ecosystem..
Sorry, I don't really understand what you are proposing.
Whale= power
minnow=imprisoned
dolphin=bridge to understanding
If whale fundsdolphinaccount then minnow account uses ether smart contract to ensure that minnow account has structured guide to become new whale...
I am working on the development now @ https://github.com/MELCHEZEDEK776
Sorry that was butchered but my conscious is Quantum computing