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RE: Minnows trying to get an upvote from whale.

in #funny7 years ago (edited)

I, as you know, am completely in agreement with you regarding this issue.

The only way I believe this issue can be solved - as opposed to serially mitigated, as HF19 tried to do, and each try causes new and unpredictable problems - is to stop weighting VP by SP.

The mechanism of vote weighting by SP cannot be made manipulation proof, and ultimately focuses users on manipulation for financial gain. Since Steemit is a social media platform, weighting needs to be based on social value, and reputation is an appropriate metric.

As long as SP is the metric used to determine vote weighting, users will continue to need to manipulate voting for financial gain. No amount of mitigation will end this, and all of the mitigation efforts will continue to break Steemit in new and unforseeable ways.

The vast majority in the Steemit code, and the load on the blockchain, is presently dealing with these mitigation efforts.

Equally weighted VP, or that weighted on reputation, dramatically simplifies the code, and eases the burden on the blockchain. Equally weighted votes create this algorithm to calculate rewards: addition.

KISS. End the confusion and futile efforts to mitigate the weighting of VP by SP.

tl;dr Steemit is a social media platform, not a financial investment platform, and the weighting utterly confutes this reality, and causes the problems of financial manipulation that are currently plaguing Steemit. Weight votes equally, or by reputation, a socially derived vetting by the community.

Edit: I found your post as a result of @theblindsquirl's resteem, so it was referring the @theblindsquirl's knowledge of my position, and prior posts, regarding this issue. Apologize for the confusion.

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Thanks fof sharing such a detailed insight with us. Steem is actually all about evolution . This is a new ideabetter and it will evolve with time. There are some challenges faced by steemit now but hopefully we will find a solution. I like to croticize steemit in a positive way so I cancan also be a part of the steemit community evolution. I am great admirer of steemit. I realize there are problems and I want the developers to address them quickly.

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