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RE: Why Flagging Is Bringing Down The Value of Steem, As A Currency
Thanks for finally speaking up on the issue. I appreciate it. Resteemed.
Thanks for finally speaking up on the issue. I appreciate it. Resteemed.
Thanks. I have an idea for a new voting algorithm that may alleviate parts of these problems. I'm still doing some simulations. If it's proven worthy, I'll publish a blog post tomorrow, I'd be interested in your opinion.
Great. Do you understand the centralization of power as the root causal factor for many issues, that have been recognized months back, even before I got here? This can change while everyone keep their STEEM and makes money when the token rises by the community leading the community, upvoting each other, with no power players deciding who gets what. People curate on real social networking sites, without curation rewards. Those who create lasting value will get rewarded according to the community, not the power players. Those who want to be part of the community will create the community and make it prosper. Decentralization of power in the community is the answer. SCD #7 - Working Towards a Decentralized Self-Governance of the Steemit Community
Centralization of power is not bad per se, IMHO.
It's the fact that the current system allows people to use power in order to arbitrarily invalidate other people actions, without any penalty (or, to put it mildly, without any consequence). If a system allows that, the inherent human nature, plagued by greed, pride and jealousy, will start manifesting.
Nah, it's not right that certain power players get to choose who get. 20-50 ppl choose what goes on around here. The bots that aren't even real people who engage int h community allocate their power to votes without even reading it. Sock puppet accounts. It can all be resolved if people get on board to empower themselves and set things right.