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RE: My Newsteem Economic Philosophy Freewrite

in #newsteem5 years ago (edited)

Not sure what you refer to. He's not talking about a secret team of vigilantes, but generally of people who use their downvotes against colluding groups and defective voters, who don't use their stake to evaluate content but to maximize their own rewards. That aligns completely with the whitepaper, which explains that downvotes are the only way to fight these behaviours.
It's obviously not common knowledge that the reward pool is not thought to provide a maximum apr to investors. I recently had a discussion where one of them told me that voting is a form of tipping.
If these people would have read and understood the whitepaper, and would act according to it, all of this wouldn't be necessary. Unfortunately it is.