You are viewing a single comment's thread from:
RE: Steem experiment: Burn post #3
@smooth how about re implementing what you did during the HF17 and 18? That one really worked. Not possible anymore? Is this actually working?
edit : burning currency is very very bad imho
so how about letting history repeat itself
besides the self voting and circle jerking of 100k worth accounts is very very rampant these days
have you thought of it?
comment upped full blast for visibility and I hope you reply
thank you !
If you mean the whale experiment where we encouraged whales to not vote and would downvote against those who did, there isn't nearly the support for that now that voting is linear and the power imbalance isn't so extreme that non-whales have no influence at all. Most everyone can now allocate some rewards on their own, which wasn't the case before. It also wasn't sustainable as whales who didn't want to be limited would have moved (and probably were already in the process of moving) their stake into several smaller 'non-whale' accounts freeing them from the restrictions.
So it was a a good experiment and temporary remedy for extreme power imbalance until the n^2 rewards were removed not something we can view as sustainable going forward.