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RE: Creating Capital Gains with Appropriate Incentives vs. Discouraging Capital Gains by Profiteering: A Proposal
Fine post, sir.
Imagine if the intended model all along was never to dilute the rewards pool 'too much' - but instead, give it back to themselves, while at the same time sucking in user numbers to raise the awareness and price...
If you don't want to risk getting shot at -stop putting your head above the parpet.
User numbers are not rising much, and probably are declining presently, so if there's a trigger that will be pulled that will fire the extraction of their stakes, it's either pulled or will soon be. Perhaps the effort to double curation rewards is the equivalent of holding on target while the trigger is maintained just before the breaking point, to create a last minute burst of extraction of the remaining value in the platform before firing.
Regardless, that's a short term strategy, and not the world changing paradigm I hope Steem can be.
As to my head, it seems to always be above the parapets, making me an obvious target. Despite the hard knocks, I keep it in the learning zone =p
Thanks!
Maybe some 'creative destruction' is required if we are to see the paradigm shift.
One that can realize the potential of steem.
Well, as I note in my reply to @kevinwong, since 'code is law' which profiteers use to justify extracting funds which should be marketing Steem to generate ROI instead, I propose destroying the rewards mechanisms to create a dividend stream for such stakeholders as are negatively impacting Steem marketing, and also eliminate bidbots, self votes, and circle jerks at the same time, while maintaining incentive to produce good content that markets Steem.
If that isn't creative destruction, I'm not capable of it.