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RE: Downvote Pool Deep Dive

in #steem6 years ago

We believe this is a bad idea because it would allow the reward system to devolve into a zero sum game without consequence.

So you are saying that the steem community won't be able to find a way to cooperate in this game to 'make money'? I disagree completely. It won't be zero-sum, it would just force cooperation to start generating rewards.

IMO breaking the symetry on upvote and downvote rewards so arbitrarily is weird and makes no sense, especially if it's symetrical in the UI like it is now. I'd be in favor of a symetrical algorithm, and a single reward pool.

It's a bit like all these arbitrary limitations... 1 root post / 5 min, 7 days monetization, 100% upvote => 2% VP, etc. If you add more 'arbitrary rules' like that, over time it becomes very hard to digest and understand for the layman who wants to join in and 'get it'.

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They might be arbitrary but they aren't overly limiting or unreasonable at all. No layman has to understand why it's 1 post every 5 minutes, no one has to understand why it's 10 votes a day. They are quite inconsequential.

Force or encourage cooperation, because force cooperation is an oxymoron.

Posted using Partiko Android

Ah, the good old argument of 'people don't need to know'...

Firstly, this is a very irrefutable argument, as proven by this video :

If a monkey can use a mobile app, why would we need to put texts or explain things that will hinder the monkeys entertainment, right?

Thing is, people WANT TO KNOW. Did you ever recruit anyone to steem without him asking tons of questions on where the money comes from, why can't they just vote and give infinite money, etc etc. They need to understand the rules make sense in order for them to join in, especially if they are forced to have financial stake in the system.

Every long-term user of steem (we want more of them) knows about these rules, they had to learn them the hard way. Many didn't and are now using facebook or reddit again.


Right, you cannot force cooperation else it wouldn't be cooperation anymore. Let's say 'promote cooperation' then.

The distinction is between Need and Want. They have the want, well ask, investigate and research, I'm sure that "all will be revealed".

over time it becomes very hard to digest and understand for the layman who wants to join in and 'get it'.

Maybe that's a good thing? People will just do things "normally" instead of tryharding into the maximizing token game.

I don't think they will. They will 'give up' and go back to facebook when they realize they are getting 'financially exploited' by the people tryharding. Either that or they'll start tryharding themselves.

I bet that FB crypto is starting to look extremely attractive for them too.

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