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RE: Thoughts and alternative proposal on HF20

in #hf20 • 7 years ago (edited)

I like the criticism!

I would take it one step further than working on the front-end first. I would prefer they work on the protocol level first. I see way too many flaws in this experiment on the blockchain level to allow any more beta testers (although to be fair, it's more like an alpha, right?). STEEM is the first of it's kind, getting to mass adoption too soon could end in a catastrophe. Would be a shame to waste so much potential!

I don't know if the SBD peg is broken, maybe the introduction of promoted posts has changed everything? But i'm no expert on the subject at all.

7 years ago in #hf20 by
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     7 years ago 

    I would prefer they work on the protocol level first. I see way too many flaws in this experiment on the blockchain level to allow any more beta testers

    What do you think are the most important problems at the protocol level currently?

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       7 years ago (edited)

      The most crucial ones:

      • Curators are rushed into curating (often don't even have time to read the content)
      • Curators have no monetary incentive to vote on others (self-votes earn more)
      • Curators have no monetary incentive to flag content (it effectively costs money, without any return)
      • Content can only receive rewards once

      Early adopters problem:

      • Whales still have too much impact
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