N2 yields a deep feeling of unfairness as well as the potential for exacerbated "problems" related to delegations and vote buying. Further on that point, N2 would, unless it kills the platform, benefit people like yourself who are frequently subject to votes that would receive greatly disproportionate rewards under N2. I'd love to hear the arguments you may have against N2 to understand there's a complete picture being presented in making the case.
Personally, like the terribly evil hyperinflation, awfully implemented trickle up rewards and other crap engineering from the onset of Steem, I hope we never see N2 again.
Is it a feeling of unfairness or is it unfair?
You haven't stated the problems explicitely so they can't be argued for or against.
Your statement doesn't prove N2 to be superior or inferior to linear.
Quadratic rewards distribution by voting competitions is an important concept — but in reality quadratic voting is much more important in systems that incorporate individuality because quadratic voting fails to be socially valuable without this individuality and other, augmentative components. This is a much larger discussion than just for STEEM — it a a discussion of the future of tokens, for general and niche communities, for identifying interesting content on the internet.
https://steemit.com/steem/@nairadaddy/good-person-token-something-big-is-coming-from-steemit-inc
I think so too. Thank you for sharing this post. It's very interesting.
If you only consider the line you quoted, then you’d be missing the critical context. Quadratic as it was in STEEM has no social value relative to linear. It will have social value with other augmentative components, such as individuality.
I understood that is wasn't the whole thing and that I don't know the solution you guys might have come up with.
Thank you @ned for the information
I want to make it clear to everyone that I have everything to lose from people seeing Steem as unfair or Steem being unfair because that would obviously undermine Steem and all of our investments.
I'm definitely in favor of a none linear reward as you seemed opened to but I entertain some level of doubt about N2.
One of my biggest argument against N2 or other none linear reward curve would be just this, maybe it's making Steem unfair.
My second biggest argument against N2 or other none linear would be that it will be perceived as unfair. This is a sure thing for a portion of Steemians and I can easily understand.
The decision to implement such a change can only be taken by the majority stakeholders and this would be large investors for the most part or those who this rule seems to favor.
If this change favors some, then it is unfair which would result in a collapsing market and the biggest losers being the biggest investors which is obviously not something anyone wants. (I tend to think it favors the platform as a whole.)
None linear rewards favor people not to split their stake and not to split their votes. (In most cases) It also create a strong incentive for people not to sell their Steem.
All of this incentivize people to empower one another more directly with votes, creating meaningful relations overtime as opposed to the current situation where people are incentivized to lease their SP as much as possible.
I support the re-institution of a superlinear reward and I agree N2 might be unnecessarily too much with negative effect outweighing the positive one.
Dan has shared very valuable insights on the subject in his post "Evil Whales", more precisely under the title "The value of Consensus" and "Curation Reward".
So this is all based off some incorrect blog posts. Got it.
First of all, I want to say I'm grateful that you took the time to reply that first and second time.
In my reply I stated my case with facts. The fundamentals of what I stated doesn't come from the post I mentioned but from what I consider facts and logic.
I'm open to being proven wrong.
In your previous comment you didn't specifically mentioned that you were against all super linear reward curve simply that you hope N2 not to be reinstated.
I don't know if you are against all super linear reward curve.
At this point, I tend to think any super linear reward curve would be better than the linear one we have and that N2 might be too much.
N^2 in STEEM is evil. Any vision of only subsets of evil inside of it, like evil whales, is a selfish, narcissistic projection.
STEEM is not linear today given the minimum payout threshold of $.02.
Superlinear less than N^2 - if it could be designed you’d see it in the SMT Whitepaper. Maybe one day you will.
Good luck
Fuck you and your “evil whales” bullshit. Your delegation has been abused almost as much as @freedom at this point.
The current system of content creators getting locked into steem power while whales dump their liquid rewards from selling upvotes and leasing delegations with no need to power down is EVIL @ned. It's a SCAM.
The 0.02 minimum threshold could be improved with essentially the identical degree of non-linearity if it were a deduction rather than a threshold (i.e. votes that add up to 0.03 pay out 0.01, not 0.03). While a small change, this would tend to discourage spam and dust voting which cause harms of their own, apart from the fairness of the reward curve.
I think we need a new development team.
Not possible given the 'premine' (ninja-mine). That's the nature of premined (instamined/ninjamined/ICOd,etc.) cryptocurrencies. It imposes an inherent and unaccountable centralization on development in the form of who holds the premine. The only recourse is to leave.
I’ve created a word cloud for the comments section of this post that I hope you will find of value and will want to share. While the creation of the actual word cloud is relatively easy and straightforward, the creation of a relevant word list that will produce a meaningful word cloud is quite another matter, as I’m sure you know, and takes considerable time and effort. Unfortunately, as of now, the post has only had 41 views. It needs a little love. Perhaps a resteem might be of help, if you think it is worthwhile, and, of course, it would be much appreciated too. TIA
https://steemit.com/steemit/@cryptographic/word-cloud-for-steemit-roadmap-2018-community-input