RE: Why free downvotes are a good and necessary part of STEEM
....to build a place that people want to put their eyes on, want to come to.
..thus increasing it's value, and the price goes up -thus higher payouts after the year..
Give each new user 30 steem (or whatever) to be able to post - locked in for the year.
Any increase in price, the money would be deducted from the growth - a net zero cost for steeminc.
For simplicity sake.....the price on joining is 10 cents per steem, the price after the year - and they decide to withdraw - and the price is then 20 cents.
The proportion they are entitled to is, say, $60 - they get $30. (the initial steem given to be able to post, is deducted).
Minus value - under $30 - it stays locked in. It's a win win.
It would give incentive people to put money into steem also, that way - you will be backing your own stables, ( not your own horse).
Then it comes down to all of us pulling in the one direction- to get the price higher, through improving the quality content of the site, and increasing eyes on it.
A common goal for all (one missing entirely at the moment).
Create the demand through increasing quality -It's always been a good strategy.
(My consultation fees are very reasonable, btw).
My nose is really bleeding quite heavily, now...lol
A bit hard to follow you, hope my nose doesn't start bleeding too in the process.
If everyone gets the same returns, depending on investment only, what's the incentive to produce quality content? The votes, like Reddit mana?
Whaleshares actually did what i think he is proposing.
0 content rewards and only stake payouts. A basic POS.
Problem is..... no one will want to waste time there to post anything.
Whaleshares has been dead for a few months now but this idea Lucy here is proposing will be a nail in the coffin.
If people cannot look at a annul return time frame - Very true.
The final nail in the coffin? Maybe, mate.
(but I'm not responsible for the other 720 nails hammered into the coffin, previously...)
I'm coming to the conclusion (over this last 12 months, really) that it's just not a sustainable model.
Which is a pity, IMO.
...At least my very rough proposal will change the dynamics - because one thing is for sure - they ain't working as it is.