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RE: Curation Reward Maximization In Light Of The Greater Fool Theory
I see where you are going but disagree. A post is not an asset, it can't be sold to anyone for a higher amount. Sure, whomever upvotes it later will get less curation rewards but maybe they think it's good work and just want to reward the author .
Some people aim to maximize their curation rewards, that is rational. The greater fool theory describes irrational behaviour. Also, the quality of the trending page is getting significantly better.
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I'm not directly comparing it to a transferable asset. What is being sold is not the asset but the opportunity to profit by upvoting it. I thought I was clear on that.
Well, yes some users vote purely on altruistic grounds. I think we all have varying motives to vote on posts. Sometimes we vote more or less altruistically and at other times we may vote to maximize our curation rewards.
How irrational engaging in it is depends on how good at it one is. Those who get in early have easier time making profit than the later ones. Trouble is, it is very difficult call tops and bottoms with any reliability.
Why do you think that is? I think it is because EIP helped better align the interests of the selfish maximizers and the interest of the platform as a whole.