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RE: Steem Proposal: Make Flags/Downvotes Burn Rewards To Null

in #steemdev7 years ago

I don't support believing the system is perfect and no changes should be made.

I also realize it is impossible to predict and plan for every possibility. Now that the system has 400k users we are able to see how certain things actually work.

The fact that we have hard forks every few months should indicate the in progress nature of Steem currently.

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Are these calls for more burning any sort of unresolved disagreement from the early days about whether steem should be limited like Bitcoin or should inflate endlessly?

No ..

I described the reasoning in the post. The only reason I suggest having flags burn the rewards instead of redistributing them is because it gives whales an incentive to flag posts.

They would still make more money for theirselves if they self voted their own content, obviously. But if they give a shit about their investment they might be willing to flag abusers if they know the rewards aren't just going to end up in a different abusers hands.

Nothing stops a user from having 10000 accounts and sending votes to each. If you flag one, in effect each of their other accounts will earn more money. If you burn the flag rewards instead, it makes the abuser make less profit directly, and indirectly it increases the value of Steem.

There is no inherent issue with the inflation of Steem.