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RE: Hardfork 21 -- SPS & EIP? -- Upcoming Witness Chat June 12th
I've proposed what I consider two potential fixes to the EIP that I feel could make the set work to the greater good of the platform at a lower price to the small guy:
- A different scaling reward curve
- Flags hitting the curation share harder than the author share
But maybe a third fix might also help:
- Reducing the dust-level treshold (more info here)
As is, I'm afraid the EIP is about to make the false curation problem bigger for the following reason:
- The EIP increases ROI for bid-bot owners but reduces ROI for bid-bot users
- This should drive the price for bid-bot use down while returning ROI to the current level in little time.
- This should make more liquid STEEM available from bid-bot users increasing demand.
- As self voters become more vulnerable to flags, this should drive self voters to want to delegate to bid bots, increasing supply.
- With dust level being pushed up by the curve more incentive is created for a broader range of accounts to start to use bid bots as well.
I feel that especially the buckets fix could go a long way fixing these incentives and help the EIP do what it aims to do without making the bid bot economy flourish even more instead.