RE: HF21: SPS and EIP Explained
The curve is an interesting question for sure. I personally believe there needs to be some curve, but not necessarily this exact one. The Steemit devs have studied things carefully and have their own presumably good reasons for proposing this particular curve. I'm pretty open minded on this particular aspect of it and will be looking to engage with both Steemit devs and the community on the matter going forward.
If the problem is self voting are there not coding solutions to limit that activity?
Not directly, since people can always move stake to different accounts, and generally tiny payouts are a huge burden on people trying to catch milkers/self-voters (who aren't always literally voting for the same account but may be voting for accounts of other friends/collaborators or sock puppets).
I'm sure your own efforts are well-indented and may well contribute a lot of value, but apart from AI (if even then) there is no way for a computer algorithm to tell the difference between your tiny votes and someone working with some friends/sock puppets to milk the pool to death by a thousand cuts, so we need to put some sort of speed bump in there.
Thanks for the raising the issue.
Thanks to you. Seems like a plunge into murky waters. I was wondering if each Dapp couldn't have their own reward algorithms similar to what Palnet.io has done.
That is one way things can work. Individual apps can have their own tokens, algorithms, and eligibility policies. For example they can easily ban anyone they want, which is one way to address some of these problems but is also much harder to do at the core level of a public blockchain.
Well, and that's the big problem. The biggest positives in the communities I'm in is that personal engagement: People reading, responding, and voting on things in comment sections they like. That's the way in which steem most resembles social media. This change is throwing the baby out with the bathwater. I'm told there are tremendous abuses of the rewards pool going on. Undoubtedly this is true. But this change has too large of an impact on the best of steem's ecosystem. This change must be struck down. I'm doing everything I can to get the witness votes needed for a different top 20, but it certainly feels like there's a wall of rich people making the decisions for us. I've invested what I can afford into steem. They happen to be richer. That doesn't make it right. They're pulling the rug out from underneath all the target demographic. You want to attract the masses? Make Steem attractive for the masses. Not for the Steem whales. Their incentive to behave well should be that they want the value of steem to go up, because they already have a lot. Changing the system so that they can acquire more steem is not going to make them behave better. They'll just have more power to come out on top while the rest of steem sinks.
Trickle down economics doesn't work. It's been demonstrated time and again that it only leads to greater wealth disparity and an overall lower standard of living. This is that.