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RE: Hardfork 21 - Steem Proposal System (SPS) + Economic Improvement Proposal (EIP)
Honestly, we are pretty close to "bottom" right now already in terms of whales just taking as much as they possibly can. It can't get much worse than it already is. The system needs to change if we have any hope of making it better. Unless you are in the camp of thinking that the system is so messed up that it is beyond fixing, then why even try - then I'd hope you can at least see the potential to at have a chance of making things better.
The famous last words :)
True statement. I just don't think that the proposed changes will get you the result that you want. Call me cynical, but all that I can see as the result of this change is more drama. The whales will find a workaround and still get what they want out of it (even more than what they are taking out now).
Steem is what it is. All the HFs before this one made it that way. I'm more for accepting this reality and see what we can do with it than going after the whales & bid bots... See what works now and what keeps people around here. Do more of that.
Creating the right incentives that will bring about the original steemit vision is next to impossible. Mostly because the original vision (great authors get rewarded) is ignoring the reality of the human nature.
If I were a betting man, I'd put my money on the whales doing just fine, and the small guys getting less and less while at the same time being abused by the self-righteous downvoters.
In any case, good luck!
... according to your name you are a betting man ... :)
Even if whales are getting a bigger piece of the cake it doesn't help in case the whole cake (the STEEM price) is getting smaller and smaller. So they shouldn't only think about how to get more from bidbots, from curation rewards, from circle-voting or whatever, but how to increase the value of STEEM and thus their own investment.
The proponents of this change are right - something has to be done. I just don't see this one working as planned. In any case, we'll see soon enough what will happen.
Right, the question is just: what?
If you like to know how I see things you may read My STEEM Vision..
Maybe so. We might end up there anyway, even if we didn’t make any changes. My goal is to try and make the best decision to do whatever I think has the best chance for success.