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RE: 10 Simple rules for Steemizenship - for discussion

in #steem5 years ago

Thanks for the reply! There was definitely a positive mood about the linear curve around the time of HF19, so you might be right that it encouraged people to power up in the early-middle part of 2017. Philosophically, I still like the idea that voting strength was exactly proportionate to stake, so it's a shame that people eventually found so many ways to game it.

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People wanted linear in HF 17 and Ned didn't deliver, which is why the Experiment happened. One of the first posts about the experiment was from that one witness I cannot remember the name of right now, Tim something, anyway, in it he said that the goal/hypothesis was to help the price, and even though without any proper community heads up on the experiment it succeeded as you probably remember, with many people who were initially against it singing it's praises not long after, and many declaring it a Success. I was from the start all for the experiment because I recognized that it was trying to free up the damn crowded pool and even though many people were saying success simply because they witnessed their vote go from mere fractions of a cent to 5-10 cents and others seeing their cents go to dollars, its clear to me that the better distribution of rewards made it more enticing to power up as was hypothesized. I think it gave us a good look at just how powerful and robust this system is since A: Ned Failed at Appeasing the Community B: Individual Actors Combined their stake and coordinated to implement something they thought would Appease the Community C: The Comie nitie Saw that it was Gud.

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