That's not such a bad thing. But the game is rigged. I remember people saying it before but I figured out that the witnesses have a prisoner's dilemma, in the top 19, particularly, and 'slope' of ever expanding voting power, which they have to, basically, choose each other for, or they fall out of the 19.
So you can imagine how that goes. Plus only 13 have to form a tight group and they control the hard forks. If steemit has enough to control that 13, then it's effectively a private chain, with the veneer of being open and independent.
@faddat may have been breaking his brain with meth, but he was quite certain there was exploitation. I've nailed the mechanism, precisely, anyone who knows game theory cannot deny the witness and self voting combine to fonm a prisoner's dilemma.
It also means that a) steemit must be taken down, and b) a new, similar platform, build with rules that aim to mitigate such dilemma problems, has to be devised.
It's like Steemit is the Myspece of Social media when it began. I can totally see how a better much more fair platform can emerge, learning from Steemit's mistakes.
That's not such a bad thing. But the game is rigged. I remember people saying it before but I figured out that the witnesses have a prisoner's dilemma, in the top 19, particularly, and 'slope' of ever expanding voting power, which they have to, basically, choose each other for, or they fall out of the 19.
So you can imagine how that goes. Plus only 13 have to form a tight group and they control the hard forks. If steemit has enough to control that 13, then it's effectively a private chain, with the veneer of being open and independent.
Why I'm not surprised?
@faddat may have been breaking his brain with meth, but he was quite certain there was exploitation. I've nailed the mechanism, precisely, anyone who knows game theory cannot deny the witness and self voting combine to fonm a prisoner's dilemma.
It also means that a) steemit must be taken down, and b) a new, similar platform, build with rules that aim to mitigate such dilemma problems, has to be devised.
It's like Steemit is the Myspece of Social media when it began. I can totally see how a better much more fair platform can emerge, learning from Steemit's mistakes.