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RE: VYB Curation Project (VCP): February '22 Update & Discussion

in #vyb3 years ago

I'm glad you guys are seeing issues, addressing them and evolving.

Problem

  1. Voting high hp staked individuals for higher hive returns.
  2. Few high vyb stakes centralizing vote power, just like on hive.

Solution
1&2. Try to curate smaller fish who don't normally get as much notice and maybe give advice, so they can improve.

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Voting high hp staked individuals for higher hive returns.

Is this a future problem or something that is evident now from the data?

Few high vyb stakes centralizing vote power, just like on hive.

This is an issue with the underlying mechanics of the tribe, how it started, and ultimately the blockchain's culture as a whole.

I've brought up the issue with the 50/50 reward split previously and how it skews in favour of the heavily stacked within linear reward pool tribes. Larger stakeholders can run ahead of the pack at quite some speed once they have their position and the usual argument against this logic is: "well, wait until they dump some, time will tell". Highly volatile, as I'm sure anyone would agree.

This event took place on the POB platform recently after POB -> VYB direct transfers initiated (not a traditional "dump", although the effects are comparable) and while it's provided room for new opportunities with curation, the same issue remains with a heavily centralised stake behind one account (@vyb.pob).

We're looking to introduce more ways for the curator to be rewarded within the curation model while addressing the issue that Proof of Wallet and Proof of Brain are two separate things, in terms of distribution importance.

In an ideal world, there would be a polished and effective curation model primed and ready to go at the beginning of a tribe that just worked (and if there was limited market-based acquisition of tokens, there may be a better representation of PoB). This isn't the case with the VCP though as we're actively developing as we go and like you say, addressing and evolving as things progress.

Try to curate smaller fish who don't normally get as much notice and maybe give advice, so they can improve.

We had @khoola curating within The Terminal (a community on HIVE dedicated to welcoming and getting fresh users off to a strong start on the platforms) during his curation block after he'd used his initiative to ask @thekittygirl for permission to do so. It wasn't completely "decentral" as he did ask me if it was allowed (which ofcourse it is as curators have the freedom to cast their votes how they like), but I saw it as a brilliant development for the curation model setup and if I wasn't there to say "of course that's OK", I'd hope that @khoola (or anyone curating) would go ahead anyway and provide this kind of dedicated support to newcomers on the platform.

I'm definitely eager to see more focused curation for the new and enthusiastic members of the chain.


Cheers for the continued feedback! I did get your message about unsuspecting curators on the other distribution data post also. I'm still of the opinion that we shouldn't post the data for people being trail-followed unsuspectingly. It has strong emotional feelings attached and the last thing we'd want is to put people in an uncomfortable position in such a public manner (once the names are shared in the post it is possible to check anyway, so it's not like we're withholding account names or muddying waters there when it comes to transparency).

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