RE: EIP FAQ

[juvyjabian]

Hello there, its been a while. What does EIP stands for by the way?

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Comments

[trafalgar]

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

I can't remember, but it's somewhere in there lol

Basically it's about amending the economic rules here to 50% curation, 25% free downvotes, and a convergent linear curve.

This will hopefully encourage large scale honest voting.

[juvyjabian]

What if the bad actors decide not to do anything at all?

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[trafalgar]

?
You mean good actors?

I believe good actors will be far more inclined to attempt to fight abuse if

1. it's not prohibitively expensive to do so; and
2. it's not almost guaranteed to be ineffective

The EIP is designed address these things and hopefully will be sufficient.

[juvyjabian]

I mean the bad actors will stop doing bad and decide not to do anything but wait until stakes grow big.

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[trafalgar]

You can't stop bad actors if they wish to continue to behave badly even if it's less profitable than behaving honestly.

But you can try to make bad behavior less profitable than honest behavior, which is what the EIP is trying to do