So, where did you fall on the n2 and the whale experiment?
I think that solves the distribution issue faster.
We would have a middle class by now and could be raising the soft cap, imo.
No 'real' investor pays 10usd for what 1sp gives, the selfvoting return doesn't add up.
My ideal investors are celebrities, but they wont buy into a scheme that doesnt help the little guys.
Until we gather a big enough crowd to interest them, why would they?
We gather a crowd by rewarding proof of brain, and not proof of wallet, imo.
They are so far from reality... it's futile trying to communicate, radio waves don't reach that far...
I saw the benefits of the experiment but it also annoyed the hell out of me. I don't see a problem with the current voting reward algo.
The problem is that there needs to be a reason to buy Steem and either hold Steem or power up and hold SP. Right now, other than price speculation, there isn't. The attempt at rewarding "proof of brain" has certainly failed here, we're only rewarding those who choose to pay for votes or got in as an early witness to reap rewards in the top 20.
Steemit (as far as I was told) was always intended to just kickstart Steem and get people onboarded. Now we treat it as the end-game for Steem and that's unfortunate.
well there hasn't really been any run away success' on the steem blockchain to warrant any heavy investment. Coinbase adding support for steem is the only thing today that can push us up a level on the log chart but other than that or some breakthrough I don't see it happen....
I have over 2 full and soon 3 full paychecks waiting to be put into steem, and powered up until I get to 10,000 sp. At which point I will have:
Incentive to put more time and effort into my posts
Some lunch money coming in weekly
And the ability to make someones day with a full vote since I know how good that feels...
just waiting for my gut feeling to push me to buy bitcoin to convert to steem to power up
it's a "shitcoin" friend... all in one word...
Right, steempeak crushes steemit's 'minimum viable product'.
Until we can interest more than a few 10's of thousands to play the game, mass adoption is unlikely.
Doesn't the n(whatever) bring back proof of brain?
Perhaps a lower variable than n2 would annoy you less while rewarding rewardable content over less popular content that has to buy their popularity?
Where are you at on letting the blockchain sell sbd?
The procedes could be burned, returned to the rewards pool, or be dedicated to bounties, in whatever proportion stakeholders deem appropriate.
Let's face it, 15m sbd is not near enough to compete in a market of trillions.
Selling sbd for 1usd of steem to all comers gives us a chance to compete with tether and trueusd in the cryptosphere and real usd in the economy.
Converting from a volatile coin to a stable coin gives a reason to hold sbd, and thereby steem.
I dont see anyone that understands the math paying 10usd for what 1sp gives, but i see most of the world wanting to escape this bankster dystopia, if all that wealth is coming to steem/sbd we will need exponentially more sbd to maintain the peg.