Thank you for the mention, of my Foundation Proposal
I would like to answer the suggestion you make above, with these corrections to your comment:
Indeed, the Proposal is very specific about describing how balance is created, in order to factor in Stake Weight. In addition, the Proposal is specific in noting a mechanism for removing bad actors, as you mention. In fact, one of the few proposals to address these issues.
You will note in the Proposal very specific descriptions addressing how to balance Stake Weight, and one account, one vote representation. Each part of the Board of Directors is answerable and elected by the membership. Whales and Witnesses vote for specific board seats. General steemit membership votes for specific seats, corporate and funders as well. Of the proposals, this one is the single one that allows for those of large vote stakes to have a voice, as well as new members and redfish. In my experience with many foundations in the real world, this hybrid approach is one of the very few that address the needs and views of both the many and the few.
I appreciate the chance to reply and look forward to seeing an updated post reflect your new awareness of the issue!
Thanks,
Greg, @bluefinstudios