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RE: Understanding Steem's Economic Flaw, Its Effects on the Network, and How to Fix It.

in #steem6 years ago

I dont understand how your proposed changes fix anything.

If you add higher curation reward, now you will upvote only for the curation reward and farm that way.

If you change to a nonlinear reward model, whales become more profitable than new and small users.

If we encourage a culture of downvotinng it will just be unpleasant over here.

????

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Good point.

Hi @knircky, much appreciated that you dropped by.

We're proposing something along the lines of "A + B + C = D", where A, B, and C are the items in the proposal, and D is the goal of a Steem economy that favors curation enough to beat vote-farming activities. More profitable curation services will emerge out of this and we'll likely have a better platform. A, B, and C must be considered as a whole and not in isolation. We're not saying that changing A results in D, nor change in B results in D, nor change in C results in D. It's really the best of both worlds - both fast and slow activities can coexist on the chain.

Please check out @trafalgar's responses above and we'd appreciate if you can go through the reasoning we've put forth in tandem. In regards to your concerns, I've almost directly responded to these points here: https://steemit.com/steem/@kevinwong/understanding-steem-s-economic-flaw-its-effects-on-the-network-and-how-to-fix-it#@kevinwong/re-donkeypong-re-kevinwong-understanding-steem-s-economic-flaw-its-effects-on-the-network-and-how-to-fix-it-20181016t060251734z