RE: Gonna sell all my votes 🔜

[etherpunk]

I think you might’ve projected too much into some of our motivations and demotivations here. The ultimate foundations are maths and logic. Markets learn over time, and nobody except fools will park loads of money into something that doesn’t make sense on a fundamental level. Getting more onboard is the easiest thing to do with celeb marketing at some point when things are more mature under a minimally functioning economy.

The rest of the world didn’t come because the microecons here is out of whack and the misalignment is causing more misbehaviour than necessary, dropping us out of top 1000 web traffic. It’s straight up not working as a content discovery and rewards platform, which arguably is the only edge Steem has. And numbers matter in design, not in absolution, but in relation. If Earth is orbiting an extra hundred thousand miles away from the Sun or rotate a little bit quicker, we’d all be frozen by now.

I agree there way more things to do other than arguing about this, coz it’s a very low bar problem that ought to have been rectified much sooner. But to say nothing will change from intelligently designing the incentives and disincentives is kinda ignorant..

Comments

[whatsup]

Nah, people didn't look to invest and walk away... They didn't come and they aren't going to... Because they have no reason to.

We haven't done anything interesting, We haven't built anything and all of our stakeholders are either not here or trying to figure out they can stack more than the others.

We both know there is no external reason to do this. 2500 people fighting over the inflation and hoping someone else will promote or reward those who are actually trying to make this work.

I'm for the change, but to pretend it will bring in outsiders is ignorant.

[etherpunk]

We haven't done anything interesting, We haven't built anything and all of our stakeholders are either not here or trying to figure out they can stack more than the others.

Coz the microeconomics ain't right here. Everyone new coming in has a much higher likelihood to leave because of it. The fix isn't something that'll automatically bring outsiders of course, but a functioning content discovery and rewards platform would by far do the most work.

There is a dirty little secret about curation %, it can be circumvented via a secondary market. So in theory people are free to kick back curation rewards (which some bid bots do) and author rewards and reach their own %.

In practice, with a certain level of free downvotes, the official curation % will likely prevail in that it'll determine economic behavior.

The idea behind all of this is to leave as much behind for the author as possible while using a combination of bribes and deterrence to get the stakeholders to actually vote on what they like rather than take their own vote rewards (either directly or through selling them). Curation, free downvotes and superlinear are just bribes and deterrences that are necessary, but we want as little of it as what's minimally sufficient, as they all have downsides/costs.

Superlinear makes it more difficult to place an exact value on a vote per SP as it's value is dependent on the future popularity of a post. This makes it more difficult to just vote on something that's shit, as you'll likely get more from curation if you vote on something that'll become more popular. More importantly, it also forces all profitable behavior into the light. You can't spam 5c micro votes across thousands of accounts using a bot and avoid detection. Well you can, but due to superlinear, you're doing it at a loss, because 50% of something popular is more profitable than 100%% (as here you're both curator and author) of something thats garbage.

That's the explanation and solution to your concern / observation over what those 2500 people are doing. Just about everyone's here to make money, and telling people to stop being greedy doesn't work. It's just a simple economic alignment problem..

[whatsup]

2 billion people on social media and a handful here. People and companies putting billions of dollars in.

lol... Macro Economics. I'm not telling you not to be greedy... Please be more greedy.

[whatsup]

https://steemit.com/busy/@whatsup/my-challenge-to-the-50-50-crowd

Nice of you to stop by once in a while to make threats.. (sell them already, no one will mind)

The investors are not passengers, want to improve your investment? That's cool! Do it!