It seems adding a downvote mana pool removes, largely, the cost of downvotes and that seems unwise.
A downvote should "cost" the voter. Because that cost imports meaning to the act of voting.
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It seems adding a downvote mana pool removes, largely, the cost of downvotes and that seems unwise.
A downvote should "cost" the voter. Because that cost imports meaning to the act of voting.
Posted using Partiko Android
This is why we are proposing only allowing a portion of downvotes for free. The goal is to reduce the cognitive load on the "microtransaction" of a downvote to free users to curate without financial burden.
The real cognitive load on minnows who would consider downvoting a whale self-vote or bidbot vote is retaliation. Since one whale can counter thousands of minnow votes, and very few cases of so many votes exist, it's extremely unlikely that minnows would brave retaliation even if it didn't cost them VP to do so.
The only reason I get rewards today is because downvotes cost Bernie. If he got them for free, I'd get no rewards at all.
This is a bad idea, and it will make things much worse.
I flag trash. You have received a flag.
What financial burden? Vests?
Pass that bong to me! And back to skool you!!!
Where can I buy that mana for steem you are baffling about? /facepalm
Author Rewards and Curation Rewards are vests, and SBD is a different kind of animal.
When I downvote, I will not receive vests as curation reward. So that's a financial burden.
No, There is no mana, like there is no steempower.
There are vests and resource credits. When I vote I lose voting power and resource credits. Both are used to limit my ability to receive vests as rewards proportional aligned with how much vests I have as steempower.
Steem is deposited in the steem vesting fund. The only way in is to buy steem with fiat. When you power up the steem is put in the steem vesting fund and you receive your share of vests as steempower.
SBD is a convertible note, a promise to receive 1 USD worth of steem out of the steem vesting fund through conversion. The steem is still locked in the steem vesting fund. hint
If I choose 100% payout you receive vests, if you choose 50%-50% you receive vests and a promise(SBD).
The costs are "resource credits" proportional aligned with how much vests I own.
Through the use of dynamic fractional reserves we all pay for transaction costs.
It limits the ability to receive rewards.
A user would have to earn rewards at an 8.45% rate to combat (inflation/dilution) just to break even after paying for these transaction costs...
Read the fuk-king whitepaper. :)
Understood
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