The Steem EIP
Yes, that's the one (facepalm)
As repeated numerous times, call it "Steemit EIP" if anything. Using a naming that's not leaving room for any other proposal name is a scummy move. We already know you have full control over this blockchain's governance, no need to rub it in.
While it does not incentivize curating through downvotes,
Yes it does, curation via downvote is more likely to increase the value of the token and therefore using an amount free downvotes bring a net positive monetary value to the user.
If everyone did this, then no content would have any reward shares and would then not get any reward.
What kind of FUD is this? You know full well this would never happen. We have a hard time having any downvote how can you think the sum of all users actions across all content would be more downvotes than upvotes. There is no word for how ridiculous that is.
I think your hybrid solution is similar to this one can you confirm? https://steemit.com/steem/@transisto/separate-downvoting-power-pool-concept-visualized
Allocating rewards to the right initiatives is more important than content discovery.
Why have an arbitrarily over-sized upvoting pool compared to downvoting? Why so much complexity?
Reddit statistics shows there are 10 times more upvotes than downvotes (without monetary incentive). People will invariably downvote less even with 100% DV pool because here votes have economic value which has more direct real life consequences. If we want to have a balanced ecosystem some community member/stakeholders will have to take the responsibility to downvotes for all of those who don't. They will be called tyrants and be at risk to become target for off-chain/real life attacks not just benign downvote retaliations.
Steem will also need way more downvotes to counter collusion of for profit voting guilds if a switch is made to 50% curation reward.
As part of a "deep dive" I would review the change in number of downvotes that were caused by Steemit recent changes from flag to down arrow.
You forgot to mention that many witness suggested that the reward pool be independently delegatable. I didn't think this was all that important with 100% downvote but it for sure is if only 25%.
Ps: I upvoted your post because I think it's an important discussion to have but I find your analysis to be very shallow and possibly disingenuous.
These would be good numbers to see. @abh12345?
You tempted me in for a look - the number of downvotes seems to have fallen slightly.
Transisto should have the job of @elipowell lol
No seriously tho transisto is so right here.... it's so much more important to fund steem Infrastructure projects than worrying about flags and downvotes and content discovery... people just want a place to hangout with content as good as reddit but where they get paid a lil bit of money since reddit pays them nothing.....
Yeah if we funded good projects we would bring so many new people and attract so many influencers that the good content would flood any bad content
Holy shit that's it I just realized how true transistos point is.... my God it's so simple.....
Steemit inc is worrying about policing what little posts remain instead of trying to attract new people new content and have good and decent posts outnumber the bad...
The goal of steemit is to be as close to reddit as possible but without censorship and rewarding users
Why cant steemit inc realize that we have to get subreddits or substeemits first before anything so people can actually curate worth while content pages, like in reddit...where people visit everyday just to read the posts
Can you imagine a reddit where people got paid for their reddit karma?
If steemit doesnt hurry up, reddit will resurrect reddit notes, scale with eos using blochain and airdrop reddit note tokens to all their karma holders
Posted using Partiko Android
I agree with you.
Nailed it.
Weighted Downvotes = Theft
No individual in any country in the world has the legal right to veto a gift from one person to another. (Unless of course they are a dictatorship or a cabal). Even if a third party loan was established to grant that gift. If I want to gift or reward somone using the Steem Power I PAID FOR who should have the right to interfere with that?
Upvote Based From Bought & Earned SP
@artopium, you made a good point. It seems that upvoting is probably based at least partly or possibly completely by SP. Like you said already, SP can be bought and it can be earned. So, sadly, some people may not get that. I should probably write articles and make videos about those things.
Gifting
Because you are right that upvoting is gifting. You are giving somebody something via an upvote. You do own that in a sense or you should. Yes, some people will probably say you don't.
Interfering
But we have problems with that when it comes to money that people can wire into their Steemit Wallet. Also, you earn money when people upvote your posts.
Bitcoin v Steem
Technically, one might argue by saying that Steem is like Bitcoin, that it stays on the blockchain as a cryptocurrency. But regardless, when you get Bitcoin, how would you like it if people interfered with a Bitcoin transfer from one point to another. When we try to compare Bitcoin to Steem, and never mind their differences, we can see that Steem could function similar to Bitcoin regardless of the differences on the principles of cryptography to how it all works in theory or even in practicality meaning that flagging should not be a feature at all. Instead, there should be likes and dislikes and a view count for posts that are separate from the upvotes.
Punished
You should not be punished for disliking. You should not be allowed to punish other people by disliking or downvoting or flagging. I would rather have a social network that allows for upvoting and no downvoting. I'm ok with dislikes but not flagging or downvotes. Another problem might be in the shared Steem pool system and there should be one pool per person as opposed to only one pool for everybody.
Disclaimer
Some of what I'm saying here may not be the best idea and may not work. That's my disclaimer. But this is how I feel. This is what I prefer and it is what I would seek after.
I don't agree that upvoting someone is a "gift". Upvoting someone is stating that the content, in your opinion, is good. Just as you have the right to state this, the others have the right to state the opposite. Ideally if the content really is good, the creator will be rewarded, not gifted, for contributing.
If you try to misuse the system for something else than it was meant to be used, you have no one but yourself to blame if the plan backfires.
You don't own any funds until they reach your wallet, No balance is final until paid out. So how could that be theft, our model is based off your stake saying how the pool works. Don't like it buy more stake.
You guys really live in your own bubble.
Posted using Partiko Android
Ok, so I try to give a gift to a friend but it takes 7 days in the mail. You're trying to tell me that because my gift hasn't arrived yet it's not actually mine or theirs and you're allowed to intercept my gift and return it to the store? Either way you're still an asshole.
Posted using Partiko Android
If you wanted to gift somebody, why not just send some liquid Steem or SBD so you don't have to worry about disagree of rewards?
Now that I think about it. I don't remember anything in the WP about using the reward pool to gift people 🤔
Maybe there is a more appropriate use.
Posted using Partiko Android
We're judges in a beauty contest. You say 9, I say 7.
Contestant gets 8.
Except the judge that has more money can give a score of 9 whereas the other judges can't. So... fail.
Posted using Partiko Android
If we all got the same vote just for showing up, where would our currency get its value?
how about you explain WHY are you so desperately trying to get lot of downvotes ?
hint : that is how steem cabal is rigging payouts in their favor
Because downvotes unlike upvotes cannot be used for monetary gain (unless someone has more than 50% of all voting power).
or if you are lets say running big bid-bot , then lot of downvoting will increase vote value of your bot . of course you don't want to do all downvoting yourself , you need masses to do that for you . no wonder someone like @themarkymark is promoting downvoting so hard
No, as downvotes currently decrease upvote earnings potential.
In a way you're right that it increase earning but by about 1/1000000000 less than it cost in upvote opportunity.
You've been here for long enough, you should know that by now.
I've been here way too long I guess, and we both know increasing downvoting will be final nail in the coffin .....
OK LOOK EVERYONE JUST STARTED DOWNVOTING ALL DISSENTING OPINIONS ON THIS PAGE. WHAT A MIRACLE OF DECENTRALIZATION. I FEEL UNCENSORED.
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