To enhance my understanding of how those market forces and blockchain incentives actually interplay in practice. Understanding game theory, as applied to real world situations, is extremely helpful in the crypto space.
Miss Paulag, greed is still greed even if it reaches for heaven.
There is a reinforcing loop (selfvote / upvote) also called a positive feedback loop active on the steem blockchain in which an action produces a result which influences more of the same action, resulting in growth.
This reinforcing loop (selfvote / upvote) is one of the two foundational structures of complex adaptive systems thinking implemented on the steem blockchain, the other being the balancing loop also called negative feedback loop (flag / downvote) in which an action produces a result which push in the opposite direction, a decline, and not growth.
So it attempts to move some current state (the way things are) to a desired state (goal or objective) ... you should have flagged me, or downvoted me ... but you didn't because you like me, as I like you.
What is this desired state (goal or objective)?
Whose desired state (goal or objective) is it?
With answering these questions we come upon some shady stuff.
We enter the arena of fixed inflation, virtual inflation, reward-pool, vested shares and stakeholders! All under the disquise of gamification.
This shady stuff, this added game perspective must be frowned upon.
In what desired state do you want to have me, before you kiss me?
I dont think people should be downvoted if there self voting is not excessive. as you know Steemit has no set rules. I personally think that small account holders should self vote to grow their accounts. but within limit. Like self voting on a post to give it that initial boost, or self voting a comment because it adds value and by voting that comment it will raise it to the top and be noticed more. But self voting comments for no reason I don't think is good. I use to do it too, but when you look at the 'outstanding' steemit community users and you wonder why they are so well respected and you are not, the penny will drop.
I hardly flag, I would rather show people another way and discuss it. You missed out on votes I was giving on that post because you left so many comments and self voted all of them. You just dont know how many other votes you may have missed out on because of this.
To enhance my understanding of how those market forces and blockchain incentives actually interplay in practice. Understanding game theory, as applied to real world situations, is extremely helpful in the crypto space.
Demand and Supply. Maximization of one's own payoff as a traditional economic model are the market forces in play.
Game Theory is non-existent on the STEEM blockchain.
do you really have to self vote every comment you leave?
There is a reinforcing loop (selfvote / upvote) also called a positive feedback loop active on the steem blockchain in which an action produces a result which influences more of the same action, resulting in growth.
This reinforcing loop (selfvote / upvote) is one of the two foundational structures of complex adaptive systems thinking implemented on the steem blockchain, the other being the balancing loop also called negative feedback loop (flag / downvote) in which an action produces a result which push in the opposite direction, a decline, and not growth.
So it attempts to move some current state (the way things are) to a desired state (goal or objective) ... you should have flagged me, or downvoted me ... but you didn't because you like me, as I like you.
What is this desired state (goal or objective)?
Whose desired state (goal or objective) is it?
With answering these questions we come upon some shady stuff.
We enter the arena of fixed inflation, virtual inflation, reward-pool, vested shares and stakeholders! All under the disquise of gamification.
This shady stuff, this added game perspective must be frowned upon.
In what desired state do you want to have me, before you kiss me?
I dont think people should be downvoted if there self voting is not excessive. as you know Steemit has no set rules. I personally think that small account holders should self vote to grow their accounts. but within limit. Like self voting on a post to give it that initial boost, or self voting a comment because it adds value and by voting that comment it will raise it to the top and be noticed more. But self voting comments for no reason I don't think is good. I use to do it too, but when you look at the 'outstanding' steemit community users and you wonder why they are so well respected and you are not, the penny will drop.
I hardly flag, I would rather show people another way and discuss it. You missed out on votes I was giving on that post because you left so many comments and self voted all of them. You just dont know how many other votes you may have missed out on because of this.
Steem on my friend :-)