Let me add an example.
To make it easy let’s say we have 100 Swise “shares”. Each has 1 vote. So each sharee represents 1% of the total votes.
These “shareholders” can stake their Swise share for 3 years and receive 5x more votes it is said.
Now most make the wise choice, so 95 of the 100 shareholders stake their swise share and now have 5 votes per swise share. The other 5 are either dead or don’t pay attention.
We now have:
95 swise shares with 5 votes each. For a total of 475 votes.
5 swise shares with 1 vote each. For a total of 5 votes.
Bringing the grand total of votes to 480.
Each staked swise share now has 5 votes out of 480, representing 1.04% of the total (so a mere 4% more).
Each unstaked swise share now has 1 vote out of 480, representing 0.2% of the total (so an 80% loss).
What this show is that the proposed system is merely a redistribution of voting power with actually very little upside for those who do stake, compared to the current situation, but a huge downside for those who don’t. Not to mention the huge downside for those who do stake in terms of having their swise locked up for a very long time.