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RE: Ditching the Socialist Approach on Steemit - Make Steemit a Genuine Free Market or Watch it Fail
I didn't see a solution here at all. Remove SP and Reputation? And then what? Who decides where newly created STEEM goes? How do you prevent Sybil attacks?
The rewards pool is a socialist idea at its root and makes all of this a bit trickier to deal with as it is a fundamental aspect of how the blockchain functions.
Can you explain how it's "socialist"? Bitcoin creates new currency all the time and it goes to those who invest the most in mining rigs. Here, on Steemit, it goes to those who have the most influence and have invested the most money in Steem Power to direct rewards as they see fit. How is that, "socialist"?
Sorry, I can't upvote this because I don't even understand what you're saying.
"Bitcoin creates new currency all the time and it goes to those who invest the most in mining rigs. " but Bitcoin is not fooling people into writing articles which goes un-noticed and later get recycled by so called "whales" to get all the upvotes and money while so called "Minnows" end-up with nothing but half a vote and ass-kissing.
Exactly, Bitcoin rewards MINERS with additional tokens for helping sustain the currency. It does not reward those who buy Bitcoin and hold it in the same way.
Holders (or HODLERS lol) see a reward by selling their tokens when the purchasing power of the coin grows, they don't just get free tokens by delegating them to themselves and their friends all the time.
Everyone does, without lopsided weighted voting (which anyone in their right mind would direct at themselves).
Even voting. Even playing field. Simple idea.
No idea. I did not address such an issue because I have no idea how to address such an issue. There are many others here with better know-how on things like that. I'm simply putting forth an option to correct the current lopsided nature of the platform in favor of those who have been here longer.
You got me there. That sounds outright communist does it not? "Directing" rewards as they "see fit" can mean pretty much anything those at the top want it to mean.
Bitcoin rewards go to those who outright mine them, not those who have held Bitcoin for a while. Different concept for the most part.
I never asked for an upvote and what I'm saying is quite clear; no need to feign bewilderment. :)
No, it is not clear to me. I'm not feigning anything. I asked you about Sybil attacks which is one of the main reasons Steemit is structured the way it is. Go read the white paper (even though it is a bit out dated).
I get frustrated at all the "Hey, I have an idea how to fix things!" posts I see from new accounts who frankly don't know what they are talking about.
It's not that simple at all. It doesn't work. It can't work. Read the white paper and you'll understand why.
Except they don't. Have you looked at the reports of how much of the rewards pool is going to self-voting compared to normal voting? It's not the epidemic people want to believe it is. The simple fact is those who invest time and money into Steemit to build up their following and Steem Power do well here. Those who don't do not. Those who excessively self-vote or abuse the rewards pool lose followers and voters. It's a dynamic social economy.
There's nothing "socialist" about investors buying Steem and making a profit off of that investment through their curation rewards. The main designer of this system, Dan Larimer, was an Anarcho Capitalist! That's about as far from socialist as you can get!
Bah. I need to go to bed. I've only been here a year, and I already feel old and crotchety yelling at young whippersnapper to get off my lawn.
Sorry if my frustration is being unfairly directed at you.
"I get frustrated at all the "Hey, I have an idea how to fix things!" posts I see from new accounts who frankly don't know what they are talking about."
Lmao are you claming that you know everything but new users are fools?
Yes, that seems to be the implication of his comment. Obviously, I don't agree with his stance. We have every reason to voice frustrations if we'd like to.
At least we want to fix things as opposed to just getting up and leaving.
Self-voters include the pay4vote bots that get paid cash for upvoting content, draining the pool for their benefit. They upvote anything as long as you pay, even crap. They are exclusive self-voters and have the most followers.