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Ray
@raycoms
70
Just one of those coders
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https://github.com/Raycoms
Created
2017-08-21 15:14
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raycoms
steem
2019-07-29 00:19
RE: Our Plan for Onboarding the Masses
For me the main reason why the witness votes should be reduced is the aspect of decentralization. Only already based on the theoretic possibility of one stakeholder (steemit inc for example) being able
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raycoms
threespeak
2019-07-28 13:58
RE: NEXTColony.io Giveaway -> 5x Transporter III Blueprint! Don't miss it!
Other blueprints like Corvette blueprints or runes would make a pretty awesome giveaway as well.
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raycoms
steem
2019-07-27 01:41
RE: Democratizing Steem!
Following that logic, Facebook is not centralized either. There is one shareholder who has mayor stake in the company and which pretty much acts in "the best interest" of the company because
raycoms
steem
2019-07-27 00:35
RE: Democratizing Steem!
For example talks about the issues of mining pools leading to centralization. Which got it mainly from here: which describe most mining pools as a threat and hope that more decentralized mining pools surge
raycoms
steem
2019-07-26 23:56
RE: Democratizing Steem!
I see there is no real point discussing with someone who calls the others person arguments "horseshit". Same kind of people who doubt man made climate change or think the earth is flat. What
raycoms
steem
2019-07-26 22:13
RE: Democratizing Steem!
You're confusing concentration of wealth with centralization. Concentration is not centralization. Of course this is centralization, centralization is having very few people having a lot of power over
raycoms
steem
2019-07-26 21:48
RE: Democratizing Steem!
Yeah, exactly, the intend is to centralize the system. Definitely. That's what Blockchain is about. Allowing huge stakeholders to control all the witnesses, that's not absolutely the reason why DPoS is
raycoms
steem
2019-07-26 20:53
RE: Democratizing Steem!
Of course, people will always try to maximize the system. But the entire point of this system is to make sure, that the top stake holders don't have as much influence on the top 20 witnesses. Especially
raycoms
steem
2019-07-26 20:10
RE: Democratizing Steem!
Okay, let's take an example, an easy one. Let' s suppose user A has 120mv, and user B has 61mv. Let's say, there are only user A and user B in the network. In the situation of 30 witness votes: User A
raycoms
steem
2019-07-26 18:45
RE: Democratizing Steem!
It is really easy. Right now, his 30 votes, can basically vote all the top 30 witnesses => Very strong influence!!! If he only has 10 votes, he can only vote the top 10 witnesses => 50% of the top
raycoms
steem
2019-07-26 18:15
RE: Democratizing Steem!
What I am talking about is that each piece of this pie is now smaller. This means that other people can more easily give bigger slices to other users to overrule his "now smaller slices". So
raycoms
steem
2019-07-26 18:20
RE: Democratizing Steem!
I really don't get your point. Right now everyone has 30 witness votes. Where each witness vote is worth the full vests the account has. Let's denominate this as "x" vests. If the account only
raycoms
steem
2019-07-26 18:03
RE: Democratizing Steem!
What the hell? Okay, there are 10 witnesses. If he doesn't distribute his stake into two accounts, each of the witnesses he votes will get a x sized vote. Peter1 -> x Peter2 -> x Peter3 -> x Peter4
raycoms
steem
2019-07-26 17:58
RE: Democratizing Steem!
But it reduces the slide each of the people get, that's the entire point I'm making.
raycoms
steem
2019-07-26 17:56
RE: Democratizing Steem!
If he distributes it into two piles to be able to cast 20 votes, yes, then it did.
raycoms
steem
2019-07-26 17:52
RE: Democratizing Steem!
120mv distributed in 10 votes = 120mv each vote. 120mv distributed in 20 votes (if its 10 votes per account) would be 60mv each vote.
raycoms
steem
2019-07-26 17:51
RE: Democratizing Steem!
Yes, which in the end turns out 1==1. If for example Pumpkin would do that, it would help the entire chain since it would be much easier to pass his votes with the votes of enough orcas and dolphins.
raycoms
steem
2019-07-26 17:22
RE: Democratizing Steem!
No, splitting the stake up won't help at all, then you get twice the quantity of votes with half of the quantity of impact. This way you reduce your influence and not grow it.
raycoms
steem
2019-07-26 17:24
RE: Democratizing Steem!
Same answer, No, splitting the stake up won't help at all, then you get twice the quantity of votes with half of the quantity of impact. This way you reduce your influence and not grow it. If you split
raycoms
palnet
2019-07-23 18:31
RE: 'Around the Block' with guest @andrarchy of Steemit Inc. - Episode 2
The question for the show: Is Steemit Inc considering reducing the number of witness votes an account has to 10, to improve the decentralization of the witnesses and reduce the power of the accounts which
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