HIP-16: Enforce a 6.4% max key per shard limit for each validator

How was this even allowed to happen is my question.

Robovalidator became the largest validator because a single whale delegated 186 million to us which is 60.8% of our total stake. See https://harmony.smartstake.io/delegates/11

There are a handful of wallets that control the vast majority of ONE and they only delegate to a handful of validators. I’ve started another thread to address this problem by proposing to cap the maximum amount a delegator can delegate to a single validator to spread the stake more evenly. I think this would do more to decentralize Harmony than a strict max key cap which is unlikely to pass due to stake weight voting and lack of support from large validators.

https://talk.harmony.one/t/cap-the-amount-that-can-be-staked-per-validator-for-each-delegator/

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