Self-governance via Steem Power tokens? by everythink

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steem-question · @everythink · Jun 13 '16 (edited)

$74.97

Self-governance via Steem Power tokens?

Will Steem Power token holders ever gain real (voting) power which allows them to govern Steem DAO itself?  Will there ever be such a thing as Steem DAO? What if users will want to [change reputation distribution mechanism](https://steemit.com/steem/@killerstorm/why-steem-curation-reward-is-needlessly-unfair-and-how-to-fix-it)? Who will make the final decision? What are future plans for this network anyway? 

http://s32.postimg.org/6k7afvj9x/people_power.jpg

👍 dantheman, steemit200, complexring, tuck-fheman, vato, idealist, fminerten1, hossary, everythink, juanmiguelsalas, acidsun, anonimau5, jerome-colley, eddardstark, saurianec, sunnyray, knyaz, dmitry

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@pharesim · Jun 13 '16

$8.83

You already have that power!

Decisions about the inner workings are made by the elected [witnesses](https://steemit.com/~witnesses). They run the main nodes, and can in the future decide to upgrade to a new version or not.
Steem Power holders decide about the witnesses, and by that about the development of the network.

👍 pharesim, complexring

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@everythink · Jun 13 '16

So it is more like delegated voting. Hmm, I need to think about it.

👍 everythink

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@pharesim · Jun 13 '16

When it's about decisions like that, the delegate model is a lot faster to reach consensus. See the discussion about the bitcoin blocksize. A couple of entities not getting their heads together prevent any solution to a problem which isn't set to come up in the future, but which is affecting us today.
Users don't have a saying, it's only miners who decide by choosing a pool, and they're interested in their own profits mainly.

Witnesses can announce to support an update, and the whole community will decide which route to go. Based on their stake, but that's only fair because those with more investment have more to lose when a change is bad.

properties (22)