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RE: Open Discussion: Fix Trending & Stop Promotion Abuse

in #steem7 years ago

For the trending, I have already expressed what my suggested solution is: mass downvote once a day all the abusers in the top 25, until they learn to stay out of trending, or bot owners implement protections for their users.

For the bid-bots issue, I think it goes way deeper. Let's consider the ROV (return on vote) of different strategies on steem for big stake holders. And what happens if everyone starts using this strategy.

  • 100% : Self-Voting / Trails. You get back both curation and author rewards for your votes, basically turning Steem's DPOS into POS like Ethereum.
  • ~75-90% : Delegating to a bot. Lower ROV than self-voting but you get full liquidities instead of SP. Users give up 50% of their share of the inflation (the SBDs) to whales against visibility. Steem becomes a pay-to-win game.
  • ~25% : Normal human curation. The way steem was originally designed to be played, where users are incentivized into curating the best contents in and out of the trending for rewards.

Now I'd be happy to see what happens if we raise curators rewards to let's say 80%, and we improve a bit how curation works (downvote rewards, fix the sub-30 min curation rewards going to authors instead of being burned, etc) in a way that gives the best curators a big enough of an edge to turn these 80% into 100%+ ROV.

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