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RE: How to break the viscous circle of Steem price development
If curation becomes more effective a larger portion goes to self votes. Self-votes are prevalent. Many accounts have 20% and more self-votes.
--> more uninteresting content, fewer users. Nobody cares about a "wale" upvoting a picture of his own face twice a day.
As emittent of a dApp like NextColony wouldn't you say that the customer and his experience is everything that matters for the success of a App? I mean a App is defined by the customer experience.
Why should we have more self-votes then? Self votes are already today the most profitable way to earn with your own votes - but still people sell to upvote-bots which are less profitable.
not quantitative more self votes but a higher relative distribution of the reward pool to self-votes.
My concern would be: effective (self-)votes mean more income inequality since the initial wealth distribution is already a power-law or some extreme distribution and after n-rounds of voting it would be even more extreme. Selling votes is even more extreme right, but isn't there any way to overhaul the whole distribution dynamics?
Definitely difficult. But I am convinced that lower inflation would in any case be good for everybody...
We were relatively close to these levels in late 2018. I have bought quite a bit back then and it has been a great investment so far - however, I also bought some more bitcoin and that has been the better investment.
I think it is too easy to just wait for the big investors to show up - we should do something to actively attract those.