So Steem (per its FAQ) thinks downvotes can be utilized to help reallocate rewards to be more beneficial to the community??Really?! Who gets to decide what is beneficial for the Steem community? The whales, mob rule, the Illuminatti? Isn't that very Communistic of them comrades! Who gets to decide what is beneficial for the Steem community? Steem isn't powered by unicorn farts and fairy dust, it's powered by people willing to invest funds (i.e. real $$$) into the platform most likely because they believe it is a good concept (be realistic people, there are other more profitable blockchain opportunities out there for investors). Use downvotes(or flags, bitch slaps, ass kicks or whatever the fuck you want to term them) to curb abuse (spam, plagerism, people being assholes) and let the "community" grow and prosper instead of flaming each other. Otherwise it will stagnate. But at least the downvote police/commissars will get their jollies. in the end if you subsidize something, you get more of it and that is certainly true with the down vote - just my Sunday morning rant
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hi @ultratrain
It was a clear speech you have here
Steemit FAQ says
^
But unfortunately there is also an abuse of downvote from those who have a different agenda
The community as a whole decides, by balancing up- and downvotes. It's called swarm intelligence, and it's the basic principle steem was created on. Did you read the whitepaper where that is described? If you don't believe in what's laid out there, what's the concept you invested in?