Viewing a response to: @onthewayout/re-pharesim-q7pgqq
> Suggesting to not use all the available votes does not help the lower ranked witnesses How do you mean that? A lower ranking witness produces more blocks with more votes. When someone above him has more votes, he produces fewer blocks. The top20 are exempt from this, but when they have more votes it's harder for the lower ranking ones to get in there. Big stakeholders exert more influence, but the amount of votes doesn't have anything to do with that. The only case where it does is what happened on steem. On the contrary, when someone doesn't know who to vote for down the list and just adds votes on the top instead, they effectively add to the power of the big stakeholders. Do you see anyone near the top who doesn't have a freedom and/or blocktrades vote right now? How would they get more influence when those witnesses had fewer votes? Please, take a bit of time and calculate the numbers of the risk you talk about, and you see how incredibly far away we are from any further takeover attempts. And if you don't want freedom and blocktrades to decide the witness list, vote on the bottom - no matter how many, it's more important _who_ you vote on than using all 30.
| author | pharesim |
|---|---|
| permlink | q7ph18 |
| category | hive |
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| created | 2020-03-24 16:12:48 |
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| root_title | "Adjust your witness votes!" |
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| saboin | 0 | 184,401,849,518 | 26% |
Of course you are correct that adding votes to a witness improves the ranking but only at the expense of other lower ranking witnesses. Let's say that I remove all my votes for the top 20 and only vote for 5 that are not on that list. Those five witnesses will improve their position but will push down another five who are not on my list. In the meantime the top 20 can vote trade and amplify their influence. I am with you on distributing the voting but I don't agree that we should be advocating for using only a few votes. The current scheme is not representative of the actual stake if you do not use all of your votes. I better setup would be to redestribute your voting weight e.g. if I have 100 vests and vote for 1 block producer my vote is worth 100 but if I vote for 2 then my vote is worth 50. Our current governance model favors those that use all of their votes. That's why the amount of votes matter.
| author | onthewayout |
|---|---|
| permlink | re-pharesim-q7pi2o |
| category | hive |
| json_metadata | {"tags":["hive"],"app":"peakd/2020.03.10"} |
| created | 2020-03-24 16:35:15 |
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| root_title | "Adjust your witness votes!" |
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|---|---|---|---|---|---|
| valued-customer | 0 | 19,605,499,971 | 25% |
There is no 'pushing down' in backup witnesses, they get assigned blocks related to the votes they have, not the position. More votes for one means a bit less rewards for all the others and a bit more for him. The idea that more votes split the weight wouldn't solve anything, as that'd affect everyone. Theoretically, everyone could even have unlimited votes and the system would work fine. I won't get into the details about that now though because I'm pretty annoyed by your way of trying to explain me I'm wrong when you don't grasp half of what you talk about.
| author | pharesim |
|---|---|
| permlink | q7pimo |
| category | hive |
| json_metadata | {"app":"hiveblog/0.1"} |
| created | 2020-03-24 16:47:15 |
| last_update | 2020-03-24 16:48:18 |
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| root_title | "Adjust your witness votes!" |
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| post_id | 96,565,632 |
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I am not trying to annoy you, I apologize if I did. When I have the time I will make a post about this (including the math behind it). Thank you for taking the time to respond.
| author | onthewayout |
|---|---|
| permlink | re-pharesim-q7pmnc |
| category | hive |
| json_metadata | {"tags":["hive"],"app":"peakd/2020.03.11"} |
| created | 2020-03-24 18:14:09 |
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| root_title | "Adjust your witness votes!" |
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