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RE: Is Steem Heading For A New Coke Moment???

in #busy6 years ago (edited)

What it does is break proof of brain.
It rewards folks when they pay to play.
IF they bend over first, gotta be whitelisted.

Stinc delegations rob everybody to reward the favored.
Just a fact in the math.

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@ocdb?

Proof-of-Brain is a fantasy in a stake-based voting system like Steem. It has never worked as intented and it will never work as intended.

The most important function of Steem Power is voting for witnesses, that is, Delegated-Proof-of-Stake. For this blockchain to be truly decentralized and secure from manipulation or attacks, Steem Power must be sufficiently evenly distributed. @ocdb is a distribution bot. It's non-profit for those who run it. Delegators get 90% as much as they would if they self-upvoted and the authors get 10%. It's a necessary evil in a system that is not only broken but based on false premises concerning human nature.

Proof-of-Brain can only work when people obey certain rules. That is possible only in a community where there are no anonymous accounts (perhaps pseudonymous but not anonymous) and where the community has the necessary tools to counter bad actors effectively. For Proof-of-Brain to work, SMTs with oracles, or at least a much better distribution than STEEM currently has, are needed. STEEM is a consensus layer token that should be distributed much better than it currently is with Steemit Inc owning over 50% of the stake. Steem could be killed with single shot to the head if, say, the US government wanted to shut it down. They'd only have to arrest the owners of Steemit Inc and force them to give up the master keys to accounts controlled by Steemit Inc. That MUST change.

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