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RE: Vlog 410: The EIP is on my mind a lot.

in #dtube7 years ago

encouraging more of the behavior that we want, and discouraging the behavior we don't want

I guess this depends on the viewpoint a person has what Steem should be.

What's wrong with the behavior of building on Steem, growing your steempower and using your steempower to expand your blog/business?

It's a slow process but it is steady and that's how STEEM ends up in strong hands. That's how you get thousands of minnows and dolphins (2000+) that deeply value their account and the SP they have acquired. They won't just turn around and sell it. This is the strong middle class I talk about and they also have every reason to buy and hold STEEM.

My vision for Steem is that it will become the biggest social economic ecosystem in the world and this is the group that will get hurt the most by these changes. The absolute core of the Steemians.

Giving Steem rewards to new 'amazing' content creators will make sure STEEM ends up in weak hands. There is no reason for them to hold onto the given STEEM. What's the point for them to keep it? They will have no influence if they stake it making selling it for "real crypto" or Fiat straight away a very good proposition. We have seen this behavior in the past.

For STEEM to have value their must be a reason to have it. I don't see it under the new model. Why would anyone want to buy STEEM? to upvote others so they can sell it back to them? It makes no sense.

Linear is far from ideal but it is not bad. STEEM price has come down, but Steem went through the biggest crypto bubble the world has ever seen in its 3-year history. It took a long time to bottom. I think we have in Dec 2018. Since then the price has doubled in dollar value and we have been slowly going up.

No doubt there are better models out there but the proposed model is presented as 'we have no idea what will happen, we think it's better'.

It's very dangerous. So I will worry. Can't help it.

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Can we prevent this somehow?

I am invested in Steem for the same reasons you are @exyle and I like the way the system is now.

For me.. the better technique would be to use artificial intelligence like YouTube and Google does to show the best content as opposed to adjusting the rewards and payouts.

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