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RE: Understanding Steem's Economic Flaw, Its Effects on the Network, and How to Fix It.
I really support the Curation rewards set at 50% and more incentives encouraging downvoting. This place won't grow merely relying on the goodness of peoples hearts for action
Downvoting is already an abusive problem... why make it worse?
Because downvoting is irritating but the problems discussed in this post are serious enough to affect the whole economy, and even threaten the survival of the platform. Downvoting has never done that and it is very unlikely it would ever do that (essentially impossible).
Given the choice between irritating and failure, I'll take irritating. Making the wrong choice on this is one the biggest mistakes that has ever been made here.
I agree with the failure part, but the irritating issue is what drives many people away also. It's more than just a two-part problem.
You have to remember a large percentage of people give up on new endeavors quite easily. They are likely to quit, anyway, because they have little perseverance. Blaming flagging is in my opinion disingenuous.
Upvoting your post is genuine. Using bots to upvote a post to popularity, not so much. Flagging abuse is just one negative that turns many off... not the sole reason why people leave. That is left to overall frustration with the platform as a whole. It is NOT a social media platform as many expect it to be, nor was it ever intended to be. It was designed for bloggers and subsequently taken over by pirates! People are discovering other venues with better ROI's.
ROI, schmaROI. Who wants to make money when you can give your money away?! Steemit FTW! Gift economy is the future!