You are viewing a single comment's thread from:
RE: Mixed Feeling About Wikipedia Begging (@ned Should Take Notes)
It's good to see you are still alive :) Yeah Steem has problems but it's has been an interesting experiment, currently there isn't a definitive perfect "blockchain solution":
- Proof of work: hardware and energy wasted to protect the blockchain security
- (D)Proof of stake with inflation: rich people gets richer
- (D)Proof of stake with no inflation: there is no incentive to have full nodes (like Nano)
You are right. It is hard to get the incentives set up in a way that the most people can benefit. That is why I think a good addition to this implementation would be vote decay and rotating witnesses to a sub 40 position if they have been in the top 20 for more than 6 months. That way far more people are getting in the mix and getting their shot at making a difference. The way it is set up now people really see that it is a fruitless effort to try for the most part.
That being said. Are you interested in being on a block producer team for Telos?
vote decay is unfortunatly a weak tradeoff, because the rich will always be richer activating a cronjob with a voting bot. Maybe the best solution would be to incentive the people to vote giving them a small annual interest (to avoid to keep their EOS on the exchanges).
I'm not interested to be a BP by myself but some people I'm in contact would like to be a Telos BP https://eosimpera.io
Yeah I like the idea of having an incentive to vote.
That is cool you are already working with a BP group.