RE: Ditching the Socialist Approach on Steemit - Make Steemit a Genuine Free Market or Watch it Fail
While I have strongly advocated for equal VP, I have even more strongly advocated for weighting VP with reputation, after removing the ability to game reputation with self votes.
It would still be gamable with botnets and sockpuppets, but still largely represents community vetting, which is a lot better than SP.
I reckon some changes to the reputation system could go a long ways towards making Steemit far more equitable to quality content creators, and less so towards profiteers.
Certainly reputation can be abused now. One only has to look at @berniesanders to see just how abused reputation can be! While there are many that feel his flagging deep into negative reputation was more than deserved, I do not feel that two wrongs make a right.
I also feel that we should be able to uncensor posts from those with flagging reputation decreases, just as we can for NSFW posts.
The fact is that Steemit may have decentralized servers, but power to censor, and reward, is highly concentrated, through VP weighting.
Thanks for bringing your post to my attention.
Hi, thanks for checking this out and contributing such thoughtful comments.
I completely agree, of course, despite the not-so-helpful comments of surfyogi and lukestokes (who are both very obviously doing the things I highlighted as being a problem).
We'll see if Steemit stands a chance at correcting itself. The likes of Lukestokes and Surfyogi need to realize they are fighting for a nickel today while missing out on a dollar tomorrow.
Allowing this platform to actually grow in widespread appeal for the reasons it is intended to would lift the value of Steem tremendously - making them very wealthy.
They'd no longer feel obliged to protect their pathetic $100 per day in self-upvotes lol.
Deep in my backlog of posts are a few that deal with this issue. If you find time, you might have a look. One of them points out that if Steem reaches but 1% of BTC, now about $4k, buying Steem at $1 would net 4000% capital gains.
However, given Steemit's beta status, it's risky. However, that's why investors rake risks, in order to gain better returns.
I'll dig into your posts then. Thanks for letting me know!
Yep, the potential is huge. I doubt they care though lol.