difficult . . .
you would have to explain how one account could benefit smaller stakeholders however
if i come in with a million dollar on one account
and someone comes in with a few hundred
how does that benefit the small guy , i dont think it works that way
i know how wallets are 'supposed' to work, if you have the key you can enter, i dont know about implementations of the original , i'm old and tired
you could have many ways and layers before anything you do gets lodged and as i understand on steem EVERYTHING gets lodged
so it will never be possible to correct anything, thats great but im not sure humans are ready for that lol
central authority is happening right now by sheer power, there's a small number of people with much clout deciding where the plankton wants to be (if you'll pardon my shortcut using steem lingo) but thats not much different from the real world, if it were interesting to observe it would be to see what they do against it but they do the same
maybe its best to focus on performance issues, i read today the EU is appointing someone to help them explain blockchain alas it's an ETH guy
how can you have equal votes if you own more
if you own more
then you own more people
i would really like to see how anyone would counter that, if anyone thinks they can counter that i might try to give 'em a leg up
it sounds unrealistic
id focus on the price right now, the price and network speed, keep it capable and running, make sure there's a contingency for EU people and trump and try to interfere as less as possible
but i'm a dreamer
i gotta give it
i'm not used to rich people actually having conversations lol
no offense
sorry if i sound a bit un easy sometimes
Under the current system, a vote from a user with an account worth a million dollars is worth a lot more than a vote from a user with a hundred dollars. If everyone's vote was equal, this is much better for the person with a hundred dollars.
The key with the 'one vote per account' system is that Oracles will be used to prevent people from abusing the system by signing up for multiple accounts.
but they sell accounts for real money ... right where they sell steem on blocktrades so what does this mean ? i buy an acount, put 15sp in it for around $50 and it will be useless when this goes through ? i dont quite see the benefit there. i'm also not sure why there shouldn't be a difference between people with more sp, because there's no incentive for people to buy if it's not , is there ? your vote is around $10, mine is around $0.02 at full weight/100% (i wrote a script to figure that, its blockchain after all, no secrets) so because of that you can make 100 votes a day that are still worth something while i can do either 10 or maybe 20 on posts that already pay out because they pass the 0.02 treshold. Are you telling me after the implementation your $10 vote would be equal to my $0.02 ? and my account i want to use to run a distrobot can't be upvoted by my main account anymore either?
which totally negates it because my weighted vote is what will drive the distribution ... maybe i'm not understanding it clearly but from all i understand i feel its a bad idea, completely, i dont know what oracles are either and i had another question btw (here i go again)
on account recovery, i had one account which i got by submitting mail and phone number (at first) and for that one i got a very complicated password, now i have two others , one has a purpose as sbd distro for anyone who votes on it, the other i just post fotos on and i vote on it myself just to build it up so i can get somewhere over time without depending. The two i BOUGHT , for REAL MONEY on blocktrades got a simple password, and are probably linked to the original one.
Now if for some reason someone gets hold of the primary key, does that mean they can change the password and i get locked out or can it be recovered ? or is the main primary key something that can't be altered and gives access to the actual wallet itself there ?
i havent quite found the manual on that either
or the one vote per account (which sound worse the more i learn about it lol)
regulation hasnt been a very uplifting term in cryptoland so far, it tend to break stuff ... so, at your leisure, if you have answers, or links where i can read all about it in normal people language, i would be once more much obliged
So there are quite a few parts to the proposal that you are not understanding.
First of all, it is only talking about the distribution of SMTs (not STEEM). The rewards system for STEEM/SP will remain the same. If someone wants to influence STEEM rewards, they will still need to buy more SP.
Second, Oracles are the key part to the proposal. An Oracle is going to be an entity that verifies the uniqueness of someone's identity. Most likely these will follow similar protocols to the KYC policies used by the major exchanges. The primary idea behind the proposal is that each person will only have one account (that is verified by the Oracle).
Regarding your accounts, account recovery is handled by whichever entity created the account. If you go to steemd.com/@accountname, it will show who the
Recovery accountis. If you created the account through BlockTrades, then BlockTrades would likely be the recovery account, and you would need to work with them if you needed your account recovered.Regardless of where you created your account, you can always change your keys using the "Change Password" tool on steemit.com. If you do, just be sure to save and backup your new key.