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RE: Steem blockchain multivote security vulnerability
What if we tie the Witness Votepower to some rules like:
- The younger an account, the less influence.
- The more SP a account powered up, the longer it takes for his Witness-Votepower to rise.
- The less reputation an account has, the lesser his influence.
- An account cant have more influence than (lets say) 5% of the Community no matter how much SP he owns.
I already tried to get this mechanic into a formula and when i have more time, i try to explain better how and why i think this is good.
Im not that good with maths. Its just about the idea and i would be happy if some people read this and think about how we could make the formula better or what problems this could cause. Thank you!
ad.1 - Yes. 1 would be best, 3 would be quite good. But I'm afraid both are impossible.
ad.2 - good idea!
ad3. - reputation could be manipulated, could bring more problems.
ad4. - not possible without KYC, as STEEM owner can always split his stake between many accounts as needed.