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RE: Now we are selling witness votes?

in #steem6 years ago (edited)

While I am a big critic of bidbots, I can't see much bad in this. By selling witness votes we are letting the markets find the rewards for the witness work. I would actually prefer automated solutions so that even the smallest minnow can make some money by selling their vote.

Bigger stakeholders still have an incentive to choose reliable witnesses. It works well for other crytos (waves for example) and I can't see why this would not work for steem

Seems like a better and more transparent system than these under the table deals for super lucrative witness positions.

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Whatsup also brought up the transparency aspect of it.. in that point is hard to argue against it, because it might be happening behind closed doors today. So, its a very strong point indeed.