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RE: Thoughts on the Steem Economic Improvement Proposal (EIP)

in #steem5 years ago (edited)

Delegations break the accountability and stake principle and, over time, skew the distribution even further. Some have put them to good use, but overall, the effects have been terrible.

I don't think anything in the EIP will help those who are just plodding along trying to make money with content; the accounts that are used to making money with money will simply adjust their algorithms and continue as before without even considering curating more or better. Outside of Steem(it), nobody has a clue what we're on about, so no effect there.

Having said that: there are only opinions on all this, no facts or useful theories that predict well, so let's just try and see what happens.

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Delegations break the accountability and stake principle...

Yeah, I remember writing about that a year or so ago. It made no sense to me that you would create a DPoS blockchain, then essentially make that stake/influence transferable and usable to/for non-stakeholders. What did they expect the outcome would be? Certainly not more responsibility and accountability.

I don't think anything in the EIP will help those who are just plodding along trying to make money with content...

Not directly, no. Indirectly through the increased value of STEEM, perhaps. That's the hope with increased incentives for holding SP and possibly reducing the influence of bid bots and the visibility of their "promoted" (and mostly terrible) content. But we'll see what happens.

Outside of Steem(it), nobody has a clue what we're on about, so no effect there.

To be fair - not many on this platform have a clue either.

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