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RE: Don't "Vote for Witnesses", your vote does not matter.

in #steem8 years ago (edited)

I agree. While the data is interesting, I agree not all assumptions are 100%. At it's core though, yes, steemit can say who gets into the top 19 and who doesn't. The steemit account alone has enough vests to single-handedly make 19 brand new accounts the top 19. I think that is the primary concern here.

I reblogged this post because I felt like it had an interesting analysis; I do not, however, believe you shouldn't vote. Voting makes a big difference.

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The steemit account alone has enough vests to single-handedly make 19 brand new accounts the top 19

That is the reason that "Decline Voting Rights" feature was introduced in latest release.

An account can chose to decline their voting rights after a 30 day delay. This includes voting on content and witnesses. The voting rights cannot be acquired again once they have been declined. This is only to formalize a smart contract between certain accounts and the community that currently only exists as a social contract.

Oh wow how did I forget that. Excellent point. I would like to see some discussion on current witnesses declining voting rights.