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RE: The haejin effect

in #steem7 years ago

I disagree entirely, and remember before hf20. No bidbots. High quality posts. Very little self-upvoting.
Then it happened. I saw people rejoicing that their upvote had jumped from x to y, and they could finally support their friends.
Now, all I hear is how unfair it is that everyone only supports their friends.
I discussed this in detail - here
TLDR; quadratic rewards means the bigger a live payout, the more influence you have over it's movement, up OR down.
Your current, 50c vote would be worth 5c if you're upvoting a mate's low quality post, or $5 if you're downvoting some bidbotty spam at the top of the trending page, which is what people did; so much so, that people didn't even try voting crap up into Trending (they knew it'd be dragged straight back down by people who saw it as rubbish, and wanted to return those rewards to the pool)
Now, everyone knows their vote is worth 50c, and they take the rational approach.
Instead of downvoting rubbish, they just upvote themselves or their friends.

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I hope you agree with me that quality is subjective, otherwise it's hard to continue our discussion.

We had other problems before HF19 too. Unbudging trending page, minnows making next to nothing unless whalevote.

of all my time prior to HF19, i never seen the possibility of a minnow gaining the limelight despite making Youtuber quality content. Minnow's only shot at making was either rubbing a whale belly or getting noticed by Curie.

It'll never be perfect i think. people will always complain no matter what and however steem is designed, there will always be ways to game it. Even so i'm steadfast in saying HF19 brings greater good than evil.

Yes, quality is subjective.
With SMTs on the way, and Dan building a competitor on EOS, not to mention any forks of either, I'm sure we'll get plenty of opportunity to see all sorts of different settings play out in reality.
For example, Ned appears to be making account level voting an option for SMT's and/or quadratic rewards.
Those who lean toward fairness (whatever that is) can launch an SMT with account voting and linear rewards, and those who lean toward quality can have stake weighted voting and quadratic rewards.
Then we can race our preferences against each other and you'll get to see how right I am ;p