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RE: YAVAP - Yet Another Voting Algorithm Proposal - Or What I Actually Understand By Proof O Stake

in #steemit8 years ago

Isn't that what SP investment is supposed to be though, money on the table (really in the safe 😉)?

Precisely. SP buys you influence in the entire ecosystem, in an "abstract" way: if you have this amount of SP you can move this amount from the reward pool (I'm oversimplifying, obviously). But once you get into a 1 to 1 interaction with another member of the system, there's a different level. Especially if the direction of the vote is down, because you, as a downvoter, are negating a string of votes that happened before you and which already generated results. I know the results are temporary, the final payout consensus is calculated after a certain interval, but they are still representing the will of all the voters before the downvoter.

This situation can be mitigated by a direct contribution, from the user's pockets, something that will supplement the "UBI" that gets printed every day in the reward pool. Or so I think, we shall see :)

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I think they would be mitigated yes and it sounds very sensible. I'd like to see what the other effects are though, beyond what you outlined.

I just can't get on board with the idea that

as a downvoter, are negating a string of votes that happened before you and which already generated results

I see it as something which has not yet generated results. But perhaps it's best to agree to disagree on that perspective for now 😅

Of course, we can agree to disagree. :)