Decentralized Nightmare
It is obvious there is an issue on the Steem blockchain that allows those with large amounts of money to disproportionately give money to themselves. This can happen through self-voting or upvoting a pseudo-anonymous account.
@dan posted a few days ago on the importance of good governance. While I don’t know how Steem could necessarily do it, I think it is important to know that @dan sees there is a problem with the current atmosphere and actions being taken by individuals on the Blockchain.
Time for random ideas, even if they are crazy.
So let’s start brainstorming of interesting ways in which you could correct things when whales go wild.
Even crazy thoughts can help us brainstorm new ideas that nobody thought up to combat inequalities before they get worse.
My Spitballed Idea #1
It might be interesting to think how much trust we put into the top 20 witnesses.
For instance, we trust our witnesses to successfully switch over to a new fork when we make changes to the network. This is a lot of trust.
My thoughts are, some sort of system which, if X number of top 20 witnesses flags a post. The rewards can be denied, or cut in half. Or any variation of the above with whatever numbers we feel as a community is fair.
My Spitballed Idea #2
A variable that witnesses set, kind of like bias which I don’t quite understand.
This could be a hard cap, which I believe others have talked about, on portion of the reward pool someone can get in a week.
For example, if someone were to make 2% of the reward pool, but the current setting was .5% give or take, 1.5% could than be spread evenly among the rest of the pool payouts.
I am not sure if this is possible or how the pool math would work, but I think it might be an idea.
The problem then, is whales making multiple accounts. Which can bring us back to the first idea.
What Are Your Weird Ideas
Tell me what weird thing you thought of and see if it sparks a different idea. My #2 spitballed idea came from writing down idea #1.
Maybe the idea you come up with second will be amazing.
-BiasNarrative
Do you understand your keys?