RE: A Radically Updated Steem Whitepaper
Just curious about something...
It was never explained why the previous n^2 algorithm and its ability to mitigate abuse/exploitation was eliminated in favor of a full linear algorithm, which has led to a lot more widespread/rampant abuse of the rewards system. The new algorithm requires not a single shred of "consensus" when it comes to the allocation of rewards.
Does this not present a problem for dealing with serial spammers and collusion, like we have been seeing since the last hard fork (19) was implemented? Are there any discussions or plans to address this, or will we just simply have to continue playing catch-up with all of the new abuse/exploitation - and continue to waste tons of voting power on something that was adequately mitigated by several different protocols which have been removed/changed in consecutive hard forks?