RE: Locking stake for 100% passive income, improving content, helping apps

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Locking stake for 100% passive income, improving content, helping apps

in steem •  26 days ago

Let's stop forcing people to play a game they don't care about and just want their gains. And let's hand over the playing field to those who really want to use the platform as it was intended.

This is what I am hoping for if this can get pushed through for a trial.

I tried to promote the idea a bit below some posts and in the dev slack, but was generally ignored. Glad we came to talk about it at steemfest and it has some traction in the community now!

I think it is hard to get status quo changed and it seems that many are waiting for something to save them. As I just mentioned, this prepares for turning off the Steem tap and makes a nice smooth transition for the Dapps to implement SMTs.

Let's see what others say. Thank you for all of the various forms of support you have provided the platform over the years, and thank you from me too.

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Just as @pharesim said, I instantly loved the idea when i was reading through the article. I though hear such a proposal for the very first time and I’ll need to take my time and think about all the implications it would have.

First thing that caught my eye is that it doesn’t seem right to give an option to instantly switch between the locked Steem and SP. People could then just farm 5-7x 100% votes per day, switch to SP influence the platform (and gain curation reward?) and switch back - repeat. Maybe I misunderstood something but it feels like big investors could maintain the option to influence the platform a lot while still farming those "self-votes" EVERY DAY. Thus the lesser users wouldn’t really have bigger say. I think it would be healthy to truly distinguish between "locked Steem and "SP" by implementing similar rule that exists when delegating SP or converting Steem - in other words it would be healthy to have like a week long period when the locked Steem is converting to SP or Steem. Or maybe use the power down rule? So one could "power up" either to "Locked Steem" or "SP" instantly, but it would take long time to power down, but the user would be receiving portion of it every single week (then again the user could power down either into Steem, or into the other "locked version of Steem".

Those are my very initial thoughts about the matter so it probably isn’t anything extraordinary:D. Anyway great food for thought as always bud. Resteemed:)

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Yep, the details themselves would have to be discussed and thought through at a much deeper level that I am able to do but I tihnk there would be a way to make it much less gameable than the current system is and increase stake influence of smaller users. I am glad people are talking and thinking about it.