The idea was to have the best content receive the highest rewards based on "wisdom of the crowd". I think most people are simply too afraid to flag other people that are earning more than they think they should or their steem power is so low that it barely does anything. Also, there is no reward or incentive to flag a post either.
I think one account one vote just means that there will be a way to determine whether someone has multiple accounts. If rewards are based on how many votes you get as opposed to the Steem power of each account, this will incentivize people to make multiple accounts which is still destructive to the platform. If there is a way to determine that all 15 accounts belong to one person, then any vote you make with any of these accounts will only count as one vote as opposed to 15.
With the creation of SMTs, I also think that Steem Power will become obsolete for most people. Steem Power will just be a determining factor for how much bandwidth you are allocated. Steem Power will be held by business owners/creators of an SMT as opposed to all users. I'm not sure how I feel about that.
Good video!
Scary stuff. I know it wasn’t meant to be, but still. Scary stuff. I think steem works the way it is and I think people want perfection and global domination when really steem is fine being a small community that just works. Doesn’t have to take over Facebook or anything.
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I think that the problem is that good authors that post informative content are nullified by all the $$$ spam manipulating visibility. I want to see the immutable nature of posts here becoming a repository for well into the future but someone's post about their lunch picture just dillutes what this can become. Write quality content now and the rewards will come later.
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Hmm, yea that sounds awful. If there was no stake weight to the upvote AND a downvote button. There would be a reality check real quick on human behavior. I think regular users would suffer MUCH more than the people that people label as abusers.
Everyone has their own random as hell definition on what good content is, and is 100% sure they are the proper authority to make this determination. So there wouldn't just be whale wars anymore, it would just be all out FISH WAR.
If you make a video on youtube and someone gives you a thumbs down it doesn't take money away from you, so you can easily ignore/shake that off, but if somebody is messing with your money, there's no way you just ignore that.
I think a lot of these problems can be addressed with interface and UX changes ie. more features on the website. Please everyone check out Steempeak.com(I don't work for or with them) they are trying to build something that I think can really add a lot of value and has the potential to become the new hub to replace Steemit if the devs here don't want to/don't have time to actually work on the site.