RE: Why I Respect the DAO Hacker But Not The DollarVigilante
In network theory, for many networks including Steemit, if you are a node with lots of links, then it's easier to gain more links. As a new network, ideally people should all join with equal footing and get discovered through the efforts they put into this network. However, you have people who take their previous network to Steemit and immediately have a huge advantage.
This is actually fine to a degree. You should be rewarded for bringing new people to the network. However, as it is, the reward for that is highly disproportionate. It greatly amplifies income inequality. If you're famous and you bring over a few hundred new users and gain a few hundred dollars for that, it's perfectly reasonable, but when you're earning $10,000 while the other new users are earning $0.01, the systematic income inequality is too great.
Now I'm not for communism or perfect equality of payouts at all, but I think the scaling needs to be toned down. There is no post that is literally worth 1,000,000 times as much as another post. Like if the best post pay out 100 times as much a typical post that gets unnoticed, that's much more reasonable. We can still have a free market; just change the scaling of the payouts, and give people without a previous networks more of a chance to get noticed.
I agree with that.
Indeed, this community has a tendency to overpay the initial posts by famous people. I'd prefer to see them produce good content first.
I'm not blaming the developers for the systematic problems either. The whole thing is a huge social experiment and nobody could have known the results ahead of time. This is why we try to continue to critique and refine the systems and incentives one step at a time to improve it across a plethora of metrics.
The content of the DollarVigilante is one of the poorest i have ever seen. Same goes about his ideas about freedom. he is just shilling himself with recycled ideas ..sprinkled up with lots of propaganda.
In general i agree with all his initial ancap principles but the way he executes them is slimy.
I've not looked at enough of his content to make a conclusion. Have you seen this yet? https://steemit.com/steem/@dantheman/people-rank-using-page-rank-algorithm-for-better-curation-and-rewards
It seems like we will be able to build crowdbased solutions to take care of this kind of issues in the future.