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RE: 50/50 and then some

in #thoughts6 years ago

Human nature sometimes disables us for making the best decisions for a community instead of oneself. While it may be instinct, the truth is that game theory states that one will always try to optimize earnings in any economic model. I read from @meno (I think) today that we should not be focusing on our piece of the pie but instead think how we make the whole pie bigger so that inherently our piece is bigger. Whether that be through curations or flags, that should be the focus and not the "efficient way" to earn even though sometimes we all come back to thinking that way.

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The problem is it is still going to concentrate resources isn't it? Let's say we need quality content to attract votes, investment and onboarding. How many are able to compete for the affections of large votes? There is still going to be a concentration and pooling of resources t certain points, distribution can never be even as there is differences in ability as well as other variables.

Should the rich in talent be forced to stay poor? Should I just shitpost instead of putting effort in and buy votes? I still would like to think that one day people will vote on my work because they find value in it.

What makes you tube valuable is a very narrow selection of content as the largest portion never gets viewed at all. If we are going to grow this platform's value, the content it contains has to be valuable for an audience to view. Currently, it is not and instead of rewarding that which is, there is more incentive to sell votes to reward crap. It is untenable.

True but different from YT, the token value is retained and those that have large stakes will look to sell out (power down) as the value increases and the pie gets bigger. However, small accounts will get more of the distribution and grow to balance the scale with the stakes of the larger holders. The smaller accounts will determine more value through the quantity of votes and not the weight which is why projects like 1UP and @steem-ua are great for the ecosystem.

Yes, I agree with that and that will happen but it takes a long time to get that kind of distribution going unless there is a massive amount of stake behind something like UA which is unlikely at this point.

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