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RE: @snowflake's really interesting proposal - Turn whales into moderators and give dolphins all the voting power (TLDR Version)

in #steem8 years ago (edited)

It could be setup so that everybody's first 100 MV was their 'user' account, and anything beyond that would be a separate moderator account.

The main idea behind the moderators is that as the primary stakeholders, they would have the ultimate say on the rewards. [Edit] Whales can already do this today, the main difference is that they would no longer be able to have as big of a postive influence on handing out rewards. (More power would be given to the rest of the community.)

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The main idea behind the moderators is that as the primary stakeholders, they would have the ultimate say on the rewards. [Edit] Whales can already do this today, the main difference is that they would no longer be able to have as big of a postive influence on handing out rewards. (More power would be given to the rest of the community.)

there are three possibilities:

  1. The downvoting stigma would remain in place -- in which case, whales would be hesitant to downvote self-voting sock pupperty which at least some people would attempt to use to maniplulate the reward pool.
  2. The downvoting stigma would not remain in place, in which case whales would be able to use their downvotes the same way they now use their upvotes, but at inverse magnitude. Disporportionate influence is disporportionate influence. Whales will be able to exert it to determine the distribution of rewards voting up, down or side to side.
    3.A hybrid outcome -- good whales will exercise restraint in using their downvotes, and only be involved to a limited extent. Bad whales will take advantage of the system to their financial b enefit.

None of these possible outcomes is positive

I replied to the sock-puppet abuse part in the other comment.

Regarding the downvotes, yes - there always will be a stigma associated with this.

There are really two separate issues:

  • Dolphins/Minnows feeling powerless with the current voting distribution
  • People get upset/hurt when they get downvoted and lose rewards

The proposed solution does not address the second issue. It arguably will make it worse, since there probably will be more downvoting. I guess whether or not this gets significantly worse depends on how much perceived abuse there is, and how actively the moderators are dealing with it.

I proposed that downvotes are called moderator vote because that's essentially what they are.
All of these moderator votes would be hidden from the interface, the average user would have no idea what's going on behind the scene.

I'm oldschool. If you want something, you work for it (that doesn't mean slave away swinging a hammer). If there's something positive at the top of the tree, I'll climb the tree so I can have it. Sure, I could just cut the tree down, problem solved. Then the tree dies and there's nothing else for anyone to climb.

I started out with the same amount of SP as anyone else who didn't buy in. My vote was worth the same as all others, every step of the way. It wouldn't feel good to know had I started today, instead of months ago, I'd have far more SP and value in this account five months from now than I do today, if those changes were to go in effect. That's kind of a shot in the arm because I never felt like this place was unfair or required a change. I felt like you had to work up, be patient, and persevere. My vote was weak on day one. The way to change that was to build up the power, so I did, and still want to. It never occurred to me that I could simply change the rules in my favor.

I'm tired and rambling. All apologies.

There is still a ladder to climb. Earning (or buying) 100 MV of Steem Power is still a lot. I've been working very hard here for almost 6 months, and I have 32.3 MV. My vote is worth about a penny.

I'm happy to keep climbing, but I'm weird like that :) I don't think that many mainstream users are going to stick it out for so long just so they can add a penny of rewards.

I think that the reality is that the current ladder is just too steep to incentivize regular users to become an integral part of the platform. If you have to work your tail off for a half year just to have 1 penny of influence, then what's the point?

The platform is still in beta, so now is the time to change things if they need changing.

This formula must change
Either make the climb less exponential or experiment with polynomial that allows a quick rise to 1c then asymptotes at dolphin level

I want to keep climbing too and for some reason I've never met a hill too steep to climb.

I'd suggest, rather than the voting power steadily increasing, once it hits a certain plateau, the steady increase becomes more gradual until the whale's vote hits a "maximum".

The problem with a gradual taper is it creates a clear incentive for people to create multiple accounts.

You'll still have your hill :) You just have a point to reach where you will be at the 'top'. You will also get a lot more reward for actually getting there.

Try to look at it from the perspective of a mainstream users. I know you and I don't have a big issue with putting in a ton of work for very small incremental gain, but it is a big turn-off to the platform for the majority of users.

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