I posted this as a comment on ' post seen here. I figure I'd post it as its own thread to encourage more people to join the conversation:
Without knowing the size of everyone's wallet in a conversation, I think the main argument many people are making about "whales" is not that new users want to equal the stake of early adoption whales, but that after two years, for example, of being the "worker (BOINCer)" of gridcoin, that worker will have just about the same weight as they did when they started: 0. Stake is currently a representation of an individual's total Gridcoin holding. Weight is currently a combination of mag+stake with an emphasis on stake.
This means that the mag-weight of all BOINCers can never compete with the stake-weight of a single whale, let alone a pod of whales. This means that for a poll to pass it must convince only the whales, perhaps even just one.
One could argue ad nauseam about "economic majority" -- let the whales carry all the weight as they will never vote against the best interest of the economic value of the coin. Unfortunately, this leads to trouble, as we can see with the segwit fallout in the bitcoin community: contemporary economics is short term and what's good for the short term economy is not necessarily good for the long term endeavor.
Question: As early adopters will likely never face competition with regards to their stake-weights -- unless someone drops a large sum of money into the market -- at what point will stake-weight mean less and mag-weight mean more? Or at the very least, what can we do to ensure that mag-weight has more weight than it does right now when it comes to deciding the overall direction of Gridcoin?
I think that, under its current definition, the stake-weight of whales should be easily overpowered when enough workers band together. If a whale has mag-weight along with a stake-weight, they will benefit from this sort of protocol as well.
I want to stress: From what I've heard of the conversation, no one is going after whales with pitchforks. No one doubts that there are whales that produce value for Gridcoin as a whole. However, people have legitimate concerns about whether these whales will put into place structures which consolidate their power, known as centralization, or structures which return power to groups of people, or decentralization. In other words, will they hold onto the power they have right now, power which they have earned and deserve, or as the community grows, will they help spread power among those who contribute to the project at large.
Edit: I also want to stress that right now Stake = Money = Power. There are other ways to define Stake. Production value, for example. So when I say "spread power" I do not necessarily mean "distribute gridcoin." I mean "power" as defined here:
I. POWER IN CONTEXT
When it comes to organization, power is the ability to make decisions, act on these decisions, allocate funds, prescribe priorities, and define the overall vision of an endeavor.