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RE: The myths of decentralized social media platforms versus the economic realities.
Hi @shortsegments, I got your point and I agree. But, do you see any chance to improve DPoS system to be more fair? Do you have any ideas?
I think a few things which may help include: The voting for witnesses needs to change to a formula where wishes of the majority of the people cannot be over ridden by a very large account. The Steem on exchanges should not be used by exchanges to control governance, so a delay in the ability to vote for witnesses is needed.
Yes, the exchanges are a bit problematic. But how can you make the first thing - the majority of people not overvoted by very large accounts? Isn't it fair for those who have big stake to have a huge voice? I am thinking of it but no decision came to my mind. Also, the circle-voting which might be happening between those who are delegated, is there any chance to avoid it?
Hi,I think decreasing the amount of votes for witnesses and limiting the ability to power up Steem stored on exchanges would be helpful starting points.