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RE: Update on Simplicity: Cutting Complexity with Steem 0.17.0
Its relatively easy to shit on people like abit and smooth when they try to do something good and it has some negative consequences..
What negative consequences are you refering to?
Price is up 25% as a result and minnow/dolphins have more influence.
That's childish. There's no causality between the bullish trend and the experiment, on the contrary. If you look at the timing you'll see the bull trend started way earlier and when the flagging came to the peak, it stopped both in velocity and volume and now it's static. I see a bearish trend forming, based on what happened.
The "experiment", which I supported in the beginning (wish I had waited more) was just a pathetic attempt at taking over the reward pool. There's no methodology, no metrics, no public announcement about how the experiment will be measured, no consensus among the whales, just 2 lines written by @abit, and those 2 lines of text are taking down an entire community of more than 10,000 people. The sloppiness emerging from those 5 edits in @abit's post (in which he downvotes pretty much everybody on Steemit) is unbelievable. Please be aware that this is not an ad hominem approach towards abit, I'm neutral on the person, but the actions of the person, in this case, were deeply toxic.
I think it's time for all to take responsibility for what we are doing and yes, I'm talking about this so called experiment, which was, at its best, a childish and egotistic manifestation of irresponsible people, and, at its worst (which I start to believe it's closer to the truth) a collusive attempt to game the system even more, for the benefit of the few.
Smooth has adjusted his votes accordingly and saying there's no methodology is not correct, not only is there the methodology of downvoting where bots/whales have upvoted therefore the rule is evident but its neither sloppy in that regard nor outside consensus, because it's also evident that it wasn't a singular effort and for consensus to happen for such an experiment is unfathomable in the real world, so the consensus happened between those that took part.
How did they game the system if they used the voting power to effectively negate any gain? The experiment allowed me with meager 300SP to influence posts not worth even $2 by one cent and post worth $17 by 10 cents, therefore it's a success in that regard.
I think that there were a lot of people who didnt understand what was happening with the flags, and that caused some bad feelings that were probably avoidable. Also, using the term 'expirement' was questionable PR, imo. It implies that the people getting downvoted are lab rats.
At the very least, i would have liked to have seem more people on board ad-initio so many downvotes would not have been neccessary. But with automated voting, that may not have been feasible.
Also, if youre a guy that maybe gets lucky once a month and gets a whale vote, and today was the once a month, it kind of sucks to be you right now, which is pretty negative. Im not saying its a good enough reason not to do it... just that omelettes require broken eggs.
I think youre assuming a causation there that really hasnt been established. IIUC, it was a pretty bull day overall for alts
If all whales would have participated in this experiment smooth and co wouldn't have to downvote anything, unfortunately there will always be a few whales that won't go along with the plan so Im not sure how else this experiment would have been possible..
It's been bull day for weeks for alts and steem was always the only one in the red, why is it different today? Also the price hasn't gone up for a very long time so why is it up today? I don't think its a coincidence. These blockchains have value because they empower people, the more they do the more value they have.