RE: A Radically Updated Steem Whitepaper
Actually more because not all SP votes
That’s another case to add to the generalized point that asymmetrical advantage exists because not all users are equally informed, motivated, or have sufficient economies-of-scale. Disadvantaged from a token ROI perspective are the users who don’t: create sockpuppets, join cartels, and vote (for themselves/cartel) as often as optimal.
The lack of economy-of-scale means that most minnows and even dolphins have no motivation to upvote themselves when they only muster a dollar or two per day for that effort. Thus the whales maintain the asymmetrical advantage in rewards even after the change to linear weighting.
And yet it’s still worthwhile to some of those “disadvantaged” users.
I agree there’s another level of usership which is gamesmanship. But I would argue that is not a popular use case that could involve millions or billions of users.
We also have Yours.org and Kik probably entering the foray. Ned points out they are not rewarding tokens in a decentralized manner. Perhaps ditto for Minds also.