You are viewing a single comment's thread from:

RE: Ned Scott and @theoretical of Steemit Explore Oracles on Steem

in #ned • 6 years ago

I love SMT's. My only objection is the quote I mention. 1P1V is not an ideal in any economic protocol as far as I can tell. The reason is that there is no reward for competence. An idiot gets as much influence as a Dan.

P.S. I wrote about sub-steems before it was an idea.

6 years ago in #ned by
$0.00
    Reply 4
    Sort:  
  • Trending
    • [-]
     6 years ago (edited) 

    Under quadratic curves and 1P1V, Curation Rewards go disproportionately to the more competent. Though I am not convinced this would always include Dan :P

    Edit for context: Curation under these rules becomes a game of skill and specialized knowledge, on a community by community basis.

    [-]
     6 years ago (edited) 

    I am all for linear reward curves. Any move away from this I see as an injustice.

    $0.00
      Reply
      [-]
       6 years ago  

      For STEEM, I would agree. But these are new, opt-in cryptocurrencies. At last, we will see the market decide :)

      [-]
       6 years ago  

      hi @ned. just a few concerns.
      how confident are you that there will be a market for SMTs? what makes you certain that there will be many competing SMTs that people are willing to trade and pay for?

      $0.00
        Reply