Do You Want a Corporate Governing Culture, or a Socially Self-Governing Community?
What actually sounds better to you? What do you want to be part of?
*Note, this is just a rough compilation of the major points. The solutions are not delved into in depth. More to come in future posts.
Corporate Governance by Shareholders
- Concentration of power in those who have the most shares in the company.
- Rewards are allocated based on 20-50 main power players in the system, regular users have a minor effect
- Rewards are taken away based on 1-5 main power players in the system who choose to operate this way, regular users have a minor effect.
- => "I have more shares than you, I have more power to do what I want and you can't stop me."
- => If no other large shareholder counters what another does, then the first action remains, with no remedy for abuse from this concentration of power.
- It's a power player's game, not a regular user's game. Regular users are alienated from the system and how to affect it across the board: reward allocation, reward confiscation, witness votes, etc. This is a disempowering model, that engenders disenfranchisement and disillusionment in having your voice unheard, where you become marginalized compared to the power players. This does not promote free speech when people are catering to the power players for reward allocation or in fear of reward confiscation.
- This model promotes certain people to act with their power in a selfish capacity to reward and pump what they want like game-picking gambling-mentality 0-risk free-lottery ticket get-something-for-nothing crap that adds 0 future value to Steemit to attract future posters/investors, while removing rewards for posts they don't like that actually have value beyond the lottery time frame.
Source: ucsc.edu
Social Self-Governance by the Community
- Power is distributed to each individual so that no one person has more power than others in the community.
- No shares are taken or transfered to anyone, shares are invested in for profit, and the profit will be created by the success of the community of users who work to create that success.
- The amount of money, wealth or shares you have doesn't give you the power to go around and do whatever you want as you see fit. You don't create the community alone, nor do your shares or investment: people create the community. You are one person in a community. Your money, etc. doesn't give you the right to monopolize how things happen, either to allocate or remove rewards from content. The people overall should determine things, not one subset of power players.
- The community has the power to reward people for their content, not the concentration of power of a small group of power players.
- If, I stress if, there "needs" to be flags for rewards, then at least it's the actual people who use the site (all of us) who can affect how the payment gets reduced -- not simply one person coming along and deciding they don't like you post at $30 while they upvote other posts above $100 and come up with bullshit to justify their behavior.
- Flags aren't required though, as the users will be distributing the rewards according to how social media and social networking works: you are one person, and you have one vote. Fair and equal voice to affect the community and platform, not concentrated power that drowns out all other voices.
- This model promotes people having equal say and power in what happens.
No wealth, money or shares are being confiscated by anyone. It's about the community leading itself, rather than a few powerful players deciding what will happen and how things go.
If you still don't get why this is better... look at it another way.
In a possible future, how would 50 power players reward 1 million users each day? They can't.
Solution? Part of it is a global delegation of Steem Power to active, participating users in the community who are the community and who build the community. No more sock puppet accounts to manipulate either upvoting for rewards or flags for rewards. No more power players wielding their power to choose how things happen all on their own. The community will drive the community, not concentrated power players. The management by the power players over the community has failed for months.
Who is Best Suited to Manage a Community and Make Decisions?
What's your SP for? It has value. The more the community creates lasting future value for Steemit.com, the more the value will increase as investors will want to invest in a community that creates lasting value for more people to come and get in the future.
"But part of the challenge is imparting the idea that "it matters" in the greater picture... specifically that content matters beyond the initial 24 hours... even if the creator is no longer being PAID, the content remains an "ambassador" for Steemit in perpetuity; meaning the next potential Steemit contributor or investor who randomly lands here is going so see that piece of content and use it as a basis for the choice point "This is a GREAT venue! I'm joining!" vs. "This is a pile of CRAP! No way!" But people have to get onboard with a time horizon that stretches months and years, not just 24 hours..."
~ @denmarkguy, comment
Thank you for your time and attention! I appreciate the knowledge reaching more people. Take care. Peace.
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2017-03-03, 5:11pm
As I have already commented Steemit has the same exact state of the normal economy out the blockchain.
"1% of users have 99% of Steem
99% of users have 1% of Steem"
When there is manipulation in the discussion of collective solutions, by self-interest people or groups that fight for Power then it can't be called consensus, but an imposition of a hierarchical structure.
So 1% is stealing the will of thousands to benefit 99% to themselves, but they are destroying their golden egg chicken.
Consensus exists only in equalitarian groups, where everybody has the same rights to express their will by influence and be influenced by all the others.
Consensus is a general agreement on a proposition to act and change the destiny of all the members of a community.
1% of people make Code as Law for all the members of a community, instead of people generating consensus about the Law and get Justice.
(Justice meaning Equality).
Rick on buddy! Hope to see you at 8pm on the talk in SCD ;)
This is why the price is shrinking..steem power is only valuable to the 0.2% which I might add are not buying steem power, they already have so much of it.
Whales understand this but because of curation rewards they are not willing to give up some of their power which is why the first step should be to remove curation reward.
Even dan agrees
Thank you for the feedback.
Do curation rewards need to be removed right now? What about a shift in how the system works where all power is distributed to the active user base of real people who build the community, but they can make curation rewards? How does removing curation rewards resolve the concentration of power in issuing rewards in the platform? I know your proposal has regular users curate. I would like to understand why the curation rewards need to go to get decentralization of power? Thanks!
Well, anything that incentivize whales to not vote is improving power concentration.
So there are 2 ways to go about it, you can get decentralization of power while keeping curation by creating incentives for whales to not vote ( I changed my proposal recently to include curation rewards, basically 50% would go to authors, 15% to curators and 35% to moderators) or you can just remove the incentives that encourage whales to vote.
By removing curation rewards whales will not autovote with bots, that means that they will vote a lot less and they won't be incentivize to vote at 100% on content which means they will spread the rewards a lot more when they do vote. They are also more likely to delegate power ( new HF17 feature) if there are no curation rewards. The shift of power to the active user base will occur naturally because the power will be given to those who are active since bots will barely upvote anymore.
I would prefer the first solution obviously as it guarantees that all the power is given to the 99% bu the second solution could definetely help solve some issue regarding power concentration.
How about just delinking wealth from votes?
Occams's Razor, for reasons.
abusing the power without foundation and it often happens
Interesting choices to be made @krnel.
I would ask of the power base of steemit this: with the advantage of rose-tinted spectacles and you could see the reality of today, would you still have preferred the right of self-determination via the rule of might?
Given the plight of all too many people I hope the answer is no.
Ok, let's take a look forward to where the vision of steemit is in, say, 18 months, 3 years five years, ideally 10 years time. Now, if you reverse from that situation, the whole picture gets cleared of the fog of algorithms and so forth.
The sorts of things you might want to consider:
If you fail to plan ... you know the story.
Purely organic haphazard decisions is a Darwinian ploy which leads to the evolution over a multi-generational timeframe. People will not buy that any more than they buy the current imbalance and resultant performance.
What the whales 'should' buy is the pathway to steem value growth via a healthy, sustainable, rewarding system of remuneration.
It would seem clear that there is neither the management experience nor the consensus to see and achieve control over such a big set of variables and harness them into a coherent and reasoned future.
I hope that this is of value to the conversation.
That's not the necessary outcome. Reason and explaining things is required. If no one wants to listen and just keep doing what they already do, or what they want to do, then sure it won't work. IT;s the same for one small group or everyone together. It takes longer to realize when people who want to lead themselves do it. Probably not even 90% of the community wants to get involved in understanding the issue or changing things. So then 10% will be the ones who care to get involved in the community and change course. As more people care and get involved, get empowered, and have their voices heard, I suspect more people will join in as its inclusive decentralized power not exclusive centralized power. One promoted a sense of belonging and having your voice heard, empowerement, while the other is disempowering, disenfranchising, disillusioning, and restricts the ability to have a voice heard and feel like one belongs. There limits to interactivity as well.
Based upon power rules, yes, that is the current outcome and that will not alter - how can it change unless the pathway to steem value growth is explained? Which is what I suggested.
If there are no ears to hear, the playing field might need to be swapped. Then see the price of steem. I do not wish for that one iota but when everyone agrees that there needs to be change and there are suggestions being put forward by you, me and many others and no ears open ...
Please check out: SCD #7 - Working Towards a Decentralized Self-Governance of the Steemit Community for the root of the problem and how to optimally resolve it for good, once and for all, across the board.
You already know what I would prefer, which is that the community has an even say on some of the aspects of the social network side of things, but this rests on the assumption that it doesn't cause Steem to drop or fail all together. I ultimately want whatever is best for the value of Steem. When the value of Steem goes up, then by default the community benefits. So whatever decision makes THAT happen, I'm all in.
I prefer a Socially Self-Governing Community, thank you for asking.
What about spam? flags are needed to stop spam.
Steemit does a lot of things right, but allowing wealth to determine vote power is simply plutocracy.
Steemit isn't going to fix that.
We need a new platform.