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RE: Steem Problems Can't Be Fixed With Hard Forks
A logarithmic soft cap at least makes it harder for whales to game the system, they need to manage a large number of accounts to self up vote with maximum efficiency, which is harder than having just a few.
Steem needs a way to allow ppl to experiment with different economic/curation models
This problem isn't going to get solved by a hard-coded solution. It's going to get solved by the community working together instead of everyone running around like a chicken with it's head cut off.
Right, so as I've described in detail, the soft-cap creates a barrier to entry for exploitation. You have to be a programmer to get around it. In essence, the platform will get gamed even worse then it was originally because the new system rewards the whales who are also programmers. It's even more centralized.
And then, a developer will realize they can make EVEN MORE money by creating a hack that allows every whale to exploit the system, for a nominal fee of course.