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RE: Hive Hardfork 25 is on the Way: Hive to reach Equilibrium on June 30th, 2021

in #hive3 years ago

I am curious as to why we need to have any kind of algorithm at all based on time.

Why can't the votes simply be calculated based on one's HP, and not be affected at all by time as long as it's between 0 minutes and 7 days. I feel like it shouldn't matter whether or not you vote in the first second, or the last second. Your payout should be the same regardless of what others do.

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our payout should be the same regardless of what others do.
this is not a curation system - it is a braindead staking system.
the ordering of votes was supposed to reward curators, and the reverse auction would diminish overall % of post payout into curation rewards on larger accounts as more and more people delve into those first 30 minutes (originally) then 5 minutes (after people forgot the point) and now 0 (possible aneurysm levels of misunderstanding) I do not think this solves any problems of the systems that came before it other than to offer the sentiment of "something changed" to anyone that didn't like or understand it, but again, I would love to be wrong about it, since if I'm wrong it could only mean good things - currently I see nothing positive about "we deleted one of the smartest innovations of the entire blockchain instead of improving it"

The problem is that a gamer's gonna game, and if it's able to be easily exploited then it will be, which it has been. The curation system was clever in principle, but once it's out in the wild and behavior comes into play then we run into all of the problems that we had.

The question as I see it is, how do we build a system that is incredibly easy for the average user to understand, fair, clever and innovative, yet unprofitable to game using bots etc.

Of course it's a sticky situation, large investors with a lot of skin in the game do expect to have some sort of advantage. It's a tough thing to design!

This is exactly my thoughts too.