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RE: The Number One Fix to Improve Steem's Chances for Mainstream Adoption

in #steem7 years ago

You seem to think I'm here looking for your support. I'm not. I'm here asking you to leave us alone. Go ahead and have your huge ROI. That's fine. Just don't prevent hundreds of people from helping each other in hopes of forcing a few users you dislike to begrudgingly do something they don't have any interest in.

If you would like to support the building community, I'll offer you something you can do for free: make some curation posts. Find 3-5 posts you like and write about why. Or pick a user you think is doing good work and write about why. Self-vote and vote-trade your post into trending and take your profit. You have a huge audience and you could make a difference without ever passing down a cent.

Hopefully the proposal gets taken seriously so that builders like you wouldn't be working against highly unfavourable circumstances in the future.

50% curation and superlinearity of rewards are even-more-highly-unfavorable circumstances for us than the existing ones even if they actually do what you think they will. They raise the minimum effective buyin, which is already way too high. They result in everyone relying on the regular support of ~150 whales who you've forced to show up rather than being able to build a larger community of people who are actively, personally interested in helping each other succeed. Which is the real long-term value here. Under the current circumstance we have enough voting value to drive the growth of that community and inspire more users to participate. Under superlinear everyone trying to do that would need a consistent whale. And there aren't enough whales to do that sustainably, even if you could control them all.

Find a system that allows builders to help other builders and it will be worth thinking about. Hyperbolic rewards would be better than superlinear ones: make it easier to go from 500->5000 and 5000->50,000 than it is to go from 500,000->600,000, instead of the other way around. Find a way to allow more people who aren't crypto millionaires to buy into the system and be effective. That's the support we need. We don't need whale votes, we need to not need whale votes.

I see some promise in the algorithm @t3ran13 uses if you'd like a place to start. (That's not a project I'm involved in, I just thought it was cool. I literally have no idea who that user is.)

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thx)

Nope, I wasn't thinking you're here looking for support. I was just replying plainly. Personally, I think your all suggestions would work against the platform, especially hyperbolic curve. But that's only my take on it. I've been supporting various communities the past 2 years and have been losing out on that big ROI, hence my complaint about it recently. Many more will just start selling their votes and do nothing. Thanks for the recommendation about @tran13's algo, by the way, will check it out :)

Personally, I think your all suggestions would work against the platform, especially hyperbolic curve.

To be clear, I'm not advocating for a hyperbolic curve. I think it might be better for the platform itself but switching to it would definitely crash the price of Steem, and it probably couldn't be done effectively anyway. I just think superlinear is even worse.

I hope you don't think my suggestion of you making curation posts is bad for the platform. If you listen to any of this I hope it's that paragraph.

It's a good suggestion and I'll consider it, although in general I wouldn't wanna pump out posts like a tv series and would prefer to write my own stuff when I have the time and support through votes. I get that it helps parts of the community though. The problem with the current economy is that it wouldn't help as much as before. I remember a time before linear when good contributions were likely to get more attention, and now it's just too spread out. I think you may be underestimating the side-effects pure linear has. Sure it provides full individual autonomy across the board, but it's at the expense of something else, hence my suggestion for a slight superlinear to have any semblance of collective work.