You are viewing a single comment's thread from:
RE: Htooms the benevolent whale
Just lower the exponent used in the vote formula that gives whales staggering influence. Change 2 to 1.1. This will accomplish much of the same without being a barrier to new users that have not acquired rep but choose to invest.
Just changing the voting curve won't fix the flagging system or stop sockpuppet account form colliding and extracting wealth from the community pool, nor will it stop them from hiding content and affecting visibility or pay. Why should investors have a say over these things if they don't want to invest in social media aspect, they have a number of other alternatives that allows them to invest in just that one aspect, why should they have a voice over pay and visibility if they don't wish to invest in human interactions..
That won't solve the inability to police accounts with large vests so those bad actors are above the law, and nobody should waste their voting power to negate self voting from whales, instead everyone should have the tools to flag such behavior and in turn curtail the account from engaging in that behavior, preventing any future need for policing that account.
"form colliding and extracting wealth"
Typos aside, it would indeed aide with that issue.
"why should they have a voice over pay and visibility if they don't wish to invest in human interactions.."
What other reasons do they have to invest? I think a big problem is that SP doesn't have much value and you are purposing to make it even less valuable.
How and why would it aid in colluding accounts extracting wealth through self voting/socketpuppet voting?
To be part of a never before kinda thing. Not just that your investors would not be part of the community just be a sockpuppet account, adding NO value to the community yet they should have a say over content? Why? To which you say because otherwise SP will not have value. Bullshit, SP has value over the reputation still in my suggested system, that doesn't change and it also is still tied to reward pool distribution, granted a flatter reward curve is needed.
You want to say that SP won't have value, because the big problem (gtfo, who's big problem, where is this BIG problem discussed and debated??) is SP doesn't have much value, so I am basically removing THE only reason they have to invest, as if the only reason they have to invest is to curate content and not contribute to the community, just to extract a little bit of wealth by bot voting or sockpuppet accounts for curation. Great, I don't want that to stop them from investing, because heaven forbid they go and invest in some other alt coin that doesn't have a social media platform on top of it.
"To be part of a never before kinda thing."
That is the kind of answer that investors laugh at.
You seem to not understand the vital role investors play in the ecosystem. You are missing half the picture in your vision. The reward pool is meaningless if the rewards have no value.
Mind you the ecosystem is broken right now because Steemit Inc has chosen to leave it broken for the time being. Once ads and buying ads with Steem happens there will be actual value.
Tinkering with rep based payout could make sense with the ads in place to keep to value up.
O really, all investors laugh at that?
Great, those people will be kinda short sighted and won't probably stick around anyway.
The big problem is that SP isn't useful?
Once ads and buying ads with steem happens, LOLOLOLOLOL. On the blockchain, LOLOLOL!
Your business acumen is horrible. Investors look for a return on investment. Your answer to them as to why they should invest doesn't address their focus and so would be laughed at by any smart investor.
We already have a horrible ad unit on the blockchain it's called the promoted tab and it just needs to be tweaked to cover all tags.
Investors, or smart investors, huh?
You have a bit of a stereotyping fallacy going on here.
That's an ad unit? LOLOLOLOLOL!
Ads on the blockchain y'all it's called promote tab.
You are laughing to cover up your embarrassment. You are quite transparent.