Who Is To Blame?

dalz(81)
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#steem
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DPoS by its design is more centralized than the other PoW blockchains, trading decentalization for speed and efficiency.

01.png

Doubling down on that centralization is the rule

One Stake = 30 Witness votes



This basically made the blockchain corporate governed. Especially in its first years. In the last years the decentralization increased with more than 100M STEEM being distributed, and a lot of sales by STINC.

Still this rule one stake = 30 votes remained the week spot that allowed this thing to happen even with 20% to 30% stake owned.

Don't blame the actors, blame the system!

If there was, one stake = one vote rule, scale it as much as you want to as many witnesses you want, what happen today wouldn't be possible.

Lesson learned, the hard way!



Blockchain Governance Models | Should Steem Governance Model Be Changed?

Who Is To Blame? | Ecency