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RE: Steem Foundation Proposals Simplified
In steemalliance's newest post(I put in the link under edit), they mentioned that they will go logarithmic after 250000 SP for voters. This means that SP is worth 1 vote below, but less than 1 vote above. It has the effect of reducing their power from 53% to 25% which is a significant compromise. I'm going to guess most of the planktons won't vote, but the other people may if the word gets out. The more smaller people who vote, the more democratic....but you are right the structure is more oligarchic or corporate like shareholders. At least they are making some compromises and possibly more.
that is the goal of the cap is to find balance between a purely stake based vote and the disaster in waiting that one account, one vote would bring. This will have more of the community's votes counting than in a purely stake based vote.
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