RE: Locking stake for 100% passive income, improving content, helping apps

[surfermarly]

Great piece of content, @tarazkp I like the way you're thinking!

Let stake be 'locked' up via a switch so that it cannot vote but automatically takes 10x 100% vote values from the pool each day at the 2.4 hr maximum rate.

Does that mean by locking up your stake (or parts of it), you'd automatically get a certain amount of the rewards pool? So there'd be a dynamic share of the pool used for paying the silent investors?

Neat!

I would really love to see how that would look like in real time and its impact on the ecosystem and content structure!

Loved & resteemed - hoping your idea will make it to the hf21 round tables :-)

Comments

[tarazkp]

Does that mean by locking up your stake (or parts of it), you'd automatically get a certain amount of the rewards pool?

Yep. What this does is leaves the active stake to control the content views of the platform and makes the discovery and support of users much more organic as essentially it removes the bidbots as delegators can make more by locking up.

I would really love to see how that would look like in real time and its impact on the ecosystem and content structure!

What it requires to happen is enough community traction and interest from the right groups. A few mentions and resteems helps so, thanks :)

[surfermarly]

I'm all in for uncoupling worthwile invest from content evaluation! Those two don't necessarily need to be dependent.

It reminds me of the interview Ned Scott gave to Bloomberg TV not too long ago. When being asked about the relatively low quality of content on Steemit he said:

One of the big ideas for the advent of the entire system was that we would use a cryptocurrency to absorb wisdom of the crowd who would then inform objectively, or generally objectively, where the quality content was. You could use that then to really create a trending page of content where you see the highest quality content at the top. We've only been somewhat successful in that mission and going forward there's still plenty of software upgrades happening to help us further embrace the idea that people can inform a cryptocurrency to help us find quality content.

Here we go: your concept @tarazkp is one possible solution to it - and should be definitely considered in terms of those software updates.

@ned you may want to take notes here :-))

[tarazkp]

Te benefit of this way is that it underpins the SMTs on top and provides the bandwidth for a lot of new users to act freely. There are a lot of positives involved and it creates more options for users.