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RE: Ned Scott and @theoretical of Steemit Explore Oracles on Steem
I love SMT's. My only objection is the quote I mention. 1P1V is not an ideal in any economic protocol as far as I can tell. The reason is that there is no reward for competence. An idiot gets as much influence as a Dan.
P.S. I wrote about sub-steems before it was an idea.
Under quadratic curves and 1P1V, Curation Rewards go disproportionately to the more competent. Though I am not convinced this would always include Dan :P
Edit for context: Curation under these rules becomes a game of skill and specialized knowledge, on a community by community basis.
I am all for linear reward curves. Any move away from this I see as an injustice.
For STEEM, I would agree. But these are new, opt-in cryptocurrencies. At last, we will see the market decide :)
hi @ned. just a few concerns.
how confident are you that there will be a market for SMTs? what makes you certain that there will be many competing SMTs that people are willing to trade and pay for?