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RE: Improving the Economics of Steem: A Community Proposal

in #steem6 years ago

I hear you, but the problem isn't precisely greed, it's designing an economic system that's more resistant to game theoretical pitfalls like the prisoners dilemma or tragedy of the commons.

It's not that I don't understand if we all stopped and voted honestly, we're all better off, but individually I know that if i did that, everyone else would still just keep milking. So the options to me are join the milking or abstain and lose your share but not make any material difference to the failure of the platform overall. I bet many other stakeholders are in the same boat.

Good news is different economic incentives vary in how resilient they are against these game theoretical pitfalls. This is fixable :) I finally got Inc to listen to me, so that's a great start

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