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RE: Should Our Steemit Wallet Holdings Be Private?
Bad idea to make wallets private. A lot of behaviors and results on Steemit are only understood when you know who is a whale and who isn't.
Bad idea to make wallets private. A lot of behaviors and results on Steemit are only understood when you know who is a whale and who isn't.
And you think if everyone knows who the whales are, and if those whales also use their real life identity, pictures, video, etc, that these human beings cannot be extorted by others, or coerced into delegating their SP to others, or into upvoting others?
The more the network knows who the whales are the less safe it is for the whales and to be a whale. That means the cost to being a whale with a flesh and blood identity could end up being higher than any potential benefit. If no one wants to be a whale, why would Steem Power gain value?
I suppose pseodo anon entities and corporations can be whales. In fact, the only way I could reasonably think of being a whale is to make my account a company. This is the same problem with Bitcoin mining which also doesn't scale. The case could be made that Steem is better without any whales but the fact is some will have bigger accounts than others, making those accounts bigger targets, with the biggest being the account holders who are most public.
I think you just made a strawman argument, to try to deflect from my point.
No where was I arguing that we need more visibility into who whales are, and I was not arguing they need to expose their real life selves and pictures, etc.
I was arguing that we are probably at about the right point as is. To give more anonymity to whales (or any others) than they have right now, would result in more havoc and chaos than we have right now on Steemit.
If you want to debate that point, fair enough. But no value debating your strawman.
True, the risks you take. SP and follow a trail and have your password with a lawyer after you power up who know the protocol for giving the key out. Or a similar thing that would simply serve as a silent alarm to be triggered by a word or phrase, thee's plenty of imagination that doesn't require the centralization of power and lack of accountability for voting. That scenario is the perfect method for devaluing steem, leave the actors without recourse to their actions because there is the fear that they might be kidnapped or coerced, which manifests because they shared personal information to the public, on a public place, akin to driving a nice car.
You bought into and followed the strawman argument. Which was not my point at all.
I think we agree: