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RE: Improving the Economics of Steem: A Community Proposal

in #steem6 years ago (edited)

@smooth, having read many of your comments over the years, I've learned to respect your opinion on these type of topics, so, if you don't mind, I 'd like to get your opinion on a proposed solution (by @bashadow) that I read higher up in the comments to this post, one that I believe could have a beneficial impact on voting behaviors.

Below is the link to that comment:

https://steemit.com/steem/@bashadow/re-steemitblog-improving-the-economics-of-steem-a-community-proposal-20190516t193202343z

I don't know if it's at all possible, or feasible at the blockchain level, but it seems to me that randomly picking a time within the 7-day payout window to reward as the highest percent curation payout per SP voted on the given post, and then "paying out concentrically" from whatever time is determined (eg if the determined time is 24 hours, then the account closest would get the highest curation payout per used SP and two separate accounts that voted at hours 23 and 25, both 1 hour off from the random generated number, would be paid at the same rate per SP), would be an effective way to remove the incentive to vote within a (small) time window.

I'd love to get your thoughts on this, assuming you can follow what I've attempted to ask.

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I don't have an opinion on the 'random curation' proposal, but in general any proposal for randomness on a blockchain is an extremely difficult proposition. I saw one of the replies mentioned looking at the previous block hash. That works to a point, but isn't entirely safe or fair because the block creator can tinker with the block in ways to change the hash into one that subtly favors themselves or a collaborator and it is very difficult to detect this (particularly on non-PoW chains).

Anyway, I don't rule it out, I just haven't studied it enough to have an opinion at this time. There are some ways to properly address the randomness issue if it is really necessarily and helpful, but they are definitely harder than just looking at a block hash and you should be suspicious of someone who suggests that; they probably don't understand blockchains very well.

I had a feeling that it wouldn't be so easy to pull off. Thanks for taking the time to explain that.