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RE: Voting Abuse and Ineffective Curation: A proposal for blockchain-level change
"The obvious solution would be a change in culture of Steem from greed and hubris to one more appropriate for a social platform. This can happen with whales and influencers supporting the right message."
The code can create incentives that provide good reasons to do the right thing. It seems that was what was the intention. However, the results haven't met the objectives, and this means the code needs revision.
I'm not sure if you are being as sarcastic as I was, or that's a serious response. Either way, to state the bleeding obvious, what I meant - If people were benevolent, there would be no need for code on Steem; and by extension, no need for laws in the real world. Since that's not the case, I spent the rest of my comment talking about how the code can be changed.
I see a STEEM future where each individual account will make rules for the distribution of their voting power and people within that group are incentivized to vote on amendments to these rules, IE the organization of accounts into sub-groups from the general steem population.
Why is steem or sbd no longer pegged at a dollar?
When I read the whitepaper I remember this as a crucial part of the stability equation, seeing my account up to $70 is nice but I am very hesitant to lock in more SP when it is out of balance.
In any case If payout rules are to be changed all users should be given the same amount of notice.