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RE: Embracing Linear Equality on Steem: Unlearning the Sucker & Maximising the Arsehole in Me
In traditional politics, large stakeholders normally have to work quite hard to achieve control of politicians and public servants - look at the amount of money lobbyists spend in most democracies! The weighted stake voting system instantly circumvents this inconvenience, making the largest holders of SP instant kingmakers.
My reading of the whitepaper is that this was completely deliberate, as the largest stakeholders are supposed to (a) attract the most scrutiny on their actions and (b) have the best interests of the network at heart. Such beliefs strike me as a little quaint now.
The n2 and 40 votes a day made selfvoting unattractive.
Stinc changed it to favor scammers over mass adoption, knowingly.
The reason the n2 and 40 votes were there was because in alpha that is how they fixed selfvoting.
If we reverse those forks this is a nonissue, but good luck getting stinc to own its mistake.
Its a dao, dont you know?