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RE: The hidden costs of middlemen
This is why Steemit, Inc has done nothing about bid bots. It should’ve delegated everything to @ocdb instead.
Posted using Partiko iOS
This is why Steemit, Inc has done nothing about bid bots. It should’ve delegated everything to @ocdb instead.
Posted using Partiko iOS
I didn't think there would be such a big difference between them but for example, at 19% with the same delegation the difference would be 106,000 Steem in the year.
STEEM would perhaps be more valuable because @ocdb is not content quality agnostic.
Yep, this is an important factor for the content perspective and hopefully later, it will come to the fore.
I think that's false assumption.
The higher your standards, the less competitive you become. Because it takes more work/talent to write a good piece, and in the current economy, no matter how good the article is, there's not enough votes that are genuine to want to go towards it, so it's a race to the bottom.
On those whitelists / blacklists / standard-setting. It's mostly just to virtue signal and hope the standard isn't so low that it attracts downvotes.
Ocdb is the lesser evil as it doesn't take too much middleman fees, but the economic forces under the current setup remains. It'll become more apparent as the price gets higher.
Not quite I think. There has to be a range of content (at least on the blogging side) to attract consumers and only having shit upvoted highly isn't going to cut it. If this was only Snapchat, perhaps it would be okay to only have crap there.
Later of course, these paid votes on content (other than advertising) should disappear altogether but, we aren't at that point yet so - gotta align other parts of the system first.
What you mean too much fees :DD
oh i dont mean ocdb as the middlemen, but in this case its shifted into the buyers, basically undercutting sp valuation (same thing)