The maths might not work in theory, but in practice, would passive investors be willing to take a haircut on returns in exchange for the flagproofing?
If this was rolled out and became the expectation, I could see people heavily flagging bidbotters to make sure their returns were less than they'd get by going passive.
Flagging is drop-in-the-ocean stuff at the moment, but if passive offered 90% of bitbotting's returns, an 11% downvote would be sufficient incentive to go passive.
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We currently have about 0.1% downvoting. For anything close to 11% downvoting to become realistic (or even just 11% against the 30% that is allegedly involved specifically with bid bot schemes, ignoring other forms of self-voting) would require a revamp of downvoting as well.
Downvoting hasn't been the same since we moved to linear rewards.
When your vote can add 5c to your mate, or remove $5 from a piece of rubbish; you're going to roll up your sleeves and get yo' flag on.
When your vote can add 50c to your mate, or remove 50c from a piece of rubbish; you're going to look after your mate. We don't need a revamp of downvoting, we need an unrevamp.
Fair point, although there is no current appetite to move strongly away from linear (perhaps small tweaks are possible). So it is either the status quo or downvote revamp. I don't think the status quo is very good.
I don’t think passive will offer anything close to 90% the returns of bid bots though.
This idea actually offers more - 100% of self voting. Can't get more than that.
A small cut of up to 10% going to brains from stakes might work too though, I'd Iike that. Can't predict where investors prefer to sell their votes again, maybe this cut could be set by the witnesses to adjust when vote selling takes over again.
It would only be 50% of current self voting if 2x the amount of stake started participating though. 25% if 4x did, and so on.. If you end up with 10x as much stake jumping in the pool as is currently voting, then pretty much everyone is getting 10% of the current rewards pool, and 90% is going to passive stake.
Don’t get me wrong.. I am not arguing against an investor class proposal, or even this one. I’m just saying it needs to be more thought out and calculated if it is going to have any chance of going anywhere.
Key word there is current self voting. Current values don't matter then any more. Nobody has a right to a certain ROI.
Lower ceiling for passive investors ROI (only those @mattclarke talked about) would obviously be the inflation less witness rewards (less a possible cut) .
And if only 10% of investors want to participate in PoB, that's what it is. At least for those the term PoB would be valid again.
I'm not buying it. There may be some investors who want to participate via passive staking, and others who still want to 'participate' in PoB while distorting and circumventing it. Offering another choice does not guarantee that the choice will be used the way you intend or hope.
It could work, but I don't agree with your suggestion here that PoB necessarily would be valid again.
Yes, I got carried away a bit there. Most certainly there would still be issues, and the idea of having the "best" content getting the highest rewards might never be achievable. Thanks for chiming in!