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RE: Understanding Steem's Economic Flaw, Its Effects on the Network, and How to Fix It.

in #steem6 years ago

I dont understand how you all cant see this.

Even among yourselves right now - people are taking a side on this comment thread - and upvoting the points they agree with.

Which comment in here represents good content?

Votes are always used to reward those opinions that people agree with.

Downvotes will be used the same way.

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Even among yourselves right now - people are taking a side on this comment thread - and upvoting the points they agree with.

This is just basic human psychology. It takes more energy to interface with those with different viewpoints. Also, humans function like quantum attractor fields that repel energetic stances incompatible with their own.

Votes are always used to reward those opinions that people agree with. Downvotes will be used the same way.

Dissenters are generally ostracized from communities for a variety of reasons. Of course, many times they are onto something quite substantial that the community-at-large is not ready for.

That is exactly my point.

Downvotes will be used for all kinds of petty mischeif because it is human nature.

It will make the platform awful. And even harder for a minnow to earn anything when he also has to deal with downvotes

This is not harmful. It happens all day every day on reddit. People vote what they like or think is good/interesting, downvote what they don't like or think is worthless/stupid. In the case of steem not only do the most popular comments get visibilty (as on reddit) but they get a bit of rewards too. That's all fine.

What is harmful is when more and more stakeholders opt out from voting on merit (whatever you think is merit is fine) and use their vote power for personal gain, because the incentives support doing that. The incentives need to change.

What is harmful is when more and more stakeholders opt out from voting on merit (whatever you think is merit is fine) and use their vote power for personal gain, because the incentives support doing that.

The tagline for STEEM development right now should be "fix the incentives." I also like "find ways to discourage content-agnostic behavior."

Lets see.

When someone is downvoted on Reddit, their earnings arent erased.

Correct. And when they are upvoted on reddit, they don't earn anything. Don't expect to play "Heads I win, tails you lose", at least not if you want Steem to continue to function.

And now, I have upvoted the comments I agree with - and messed up the "flow" of this comment thread 😊

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