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RE: Bloomberg Technology Posts Follow-Up Article Focusing Upon Flag Wars

in #steem7 years ago (edited)

I would say the answer is making it easier to find quality content over high paid content, and fixing the laughable flagging dynamic. Steem will evolve slowly, but surely.

Also, I've done the math of reward pool abuse and 80%+ of the voting power on steem isn't even being used... meaning everyone that does vote is worth 5 times more than they should be.

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...I've done the math of reward pool abuse and 80%+ of the voting power on steem isn't even being used... meaning everyone that does vote is worth 5 times more than they should be.

I would love to see the data on that....that is very interesting.

https://steemit.com/steemit/@edicted/doing-the-math-on-reward-pool-abuse

So this math assumes that it takes 40 SP for +$0.01 upvote. Given this assumption, one can double their money on Steem in less than 2 years even though the Steem blockchain only has 10% inflation. (also assuming the price of steem is stagnant and not including compound interest)