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

in #steemit8 years ago

I do not believe at all tipping communities will work. When it costs money to vote/curate, I don't see people curating. Value is also not in blogging, at least not directly. In the blogging world outside Steemit, blogging is monetised through advertisment, a vlogger can get more when his/her followers group is larger and relevant to the one using the blogger. I see Steemit as a first app using Steem. However Steemit is not helping to make Steem relevant, certainly not with how rewarding is currently implemented and the 'wars' that are going on. For Steem to become a relevant currency rewarding needs to be changed; Bots needs to be killed; More Apps needs to be using Steem (but here is a catch22 situation; although I personally have ideas for some time already for services for which I could use a virtual currency, Steem does not seem to be the right currency as I start to learn a bit how Steem is used today).