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RE: Why I Advise Against Linear Reward

in #steem6 years ago

So you are saying that basically before linear rewards, people were self-voting less than now? That seems true from observation, but a lot of other economical changes happened at the same time than linear rewards. The powerdown time was changed for example too.

Also, I suppose you consider bidbot delegation schemes to be the same than self-voting, and the bidbot industry started to exist because of linear rewards (it became easier to code), however I don't see how they would go away today if we re-changed, they would just adapt their code, and as they are the biggest whales on the network today, they would profit the most from the change.

So I'm not even sure the observation is linked with the HF17 (or was it 18?) econ changes, maybe it's just that something else developped at the same time that turned the network toxic and induced people to defend their stake by self-voting more.

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I suppose you consider bidbot delegation schemes to be the same than self-voting

Somewhat.

however I don't see how they would go away today if we re-changed

I think they would, as the bigger player would have incentives to downvote the posts with bid-bot votes and put an end to the practice. That's how I see it. It doesn't mean that's how it would play out. It's a very big unknown.

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