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RE: The account-based voting revolution

in #steem6 years ago

I don't think crypto traders like SP. It used to be a 2 year power down before. When it was changed to a 3 month schedule, it was met with a price increase from $0.10 to $1. (After the first 3 month period ended)

Not to mention, random shitcoins with zero usage are worth billions, far more than Steem, despite having nothing like SP. It's all liquid, and it works for Bitcoin, Ethereum, and hundreds of other shitcoins.

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When it was changed to a 3 month schedule, it was met with a price increase from $0.10 to $1. (After the first 3 month period ended)

Thank you for this weeks golden snippet of information. It's things like this that you don't find in the whitepaper :)

While i cant current get my head around how account-based voting would work here with regards to SP becoming less useful, taking a route that negates the use of bid-bots and circle-jerks is certainly a good thing.

Boosting incentives for curation as much as possible has to be the way to go. Those that don't have the time can delegate to communities or people that do - they will get an honest share (if they so wish - many delegate for nothing) and the race to find the best content will be back. Great :D

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