Changing the witness voting system by introducing witness downvotes? Could this work?
steem·@holoz0r·
0.000 HBDChanging the witness voting system by introducing witness downvotes? Could this work?
An idea, for a potential direction to increase the strength of governance in the Steem community. Change 30 votes to 10. Do not multiply the stake behind them - smaller numbers are better (they take less space!) 5 votes are support votes. 5 votes are unsupport votes. Allow users to weight their 5 votes, so a vote could look like: I have 10,000 SP. I distribute 5000SP of approval voting to Witness 1, 3000 to witness 2, 2000 to witness 3. OR I distribute 2000SP of voting equally to my 5 chosen witneses. What about the unsupport votes? Same principle, which allows members to "downvote" witnesses they may not approve. <h1>Benefits</h1> Defence against hostile take overs Increased Competition for top 20 witness spots Better governance and prevention of "flag wars" on content (people who want to downvote other witnesses will have to think about what their downvote will do, by elevating a witness that is outside the top 20, for example) <h1>Cons</h1> Well, the same as everything else, humanity. :D
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