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RE: YAVAP - Yet Another Voting Algorithm Proposal - Or What I Actually Understand By Proof O Stake
Thanks for your input.
Active key can be an issue, I agree. But it can be mitigated.
What do you mean by micropayment costs? If I send Steem/SP to somebody else directly, I should pay a fee? I was under the assumption that transactions are free in the Steem ecosystem.
The lottery ticket sounds unusual. Can you detail? Especially how it will increase engagement?
.2. @dan means that you have intrinsic cognitive threshold on making any spending decision. This cognitive cost can be higher than the value of your decision. Thus engegement will be significantly lower. I do think that we should not move in this direction
It has been addressed in the article, when I say people will think ten times more when they will vote somebody. Also, there will be realignment in the user base, the speculative user base may go, leaving place for people who are looking for contribution.
Engagement comes after adoption, IMHO. You must first have some adoption in order to have somebody to engage with. At this moment, adoption is in much more distress than engagement in Steemit, because of the psychological effect of downvoting (specifically the fact that "your" money may be taken away by a whale). The debate, the drama, etc, all this may create engagement, but if you put money on the table, and as a result of the debate and the drama, people "lose" money, they will stop coming in.