that fucking carteling situation, still ruins the whole idea of delegates
But this is just a section in lisk forum where the delegates can imagine.
And most of them are very active community members since the beginning.
and whats then? they decided to vote on each other right from the begining. There is pretty little chances to a new comer to get involved
its clearly a cartel
this only works if they have enough lisk. the ark guys have a lot of lisk and will vote their own delegates. and i think there are some other with a huge amount of lisk.
and yes. i don't like the voting system neither.
It costs millions of $ initial investment to startup a competitive Bitcoin mining operation.
Ethereum mining is similar, with big investments in hardware, datacenter, electricity.
It is hard for new comers to get a delegate spot, that's just the nature of a capitalist system.
Imagine if they changed it to 2000 delegates, so everyone could run a delegate. Then there would be very little incentive to collect Lisk, form groups of supporters, and add value to Lisk in order to get a delegate position.
yes thats capitalism. the rich get richer. and the richer become even richer.
and what is happening here and with other cryptos is that decentralation disappears.