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RE: @Whales, @Witnesses, We have to talk!

in #steem7 years ago (edited)

So it turn out that @freedom might be more about money than freedom after all and thus something like @free-doom might have been more appropriate. Interestingly a lot of clues seems to point to Steemit Inc as being the possible owner of @freedom, not that these clues prove this but strongly suggest so.

I had noticed @freedom delegating his SP to some vote sellers earlier this week. I'd say this is a huge issue.

I was in favor of Dan's idea from the very beginning and I'm still am.

I also think that a none linear reward curve would benefit Steem. It might seems conterintuitive to think that none linear reward could help on this matter but in the long run I think it would.

None linear reward incentives people not to split their votes and SP. It also create a strong incentive for people not to sell their Steem. The price of Steem should in theory increase as the number of users increase and even more so if reward curve is greater than linear.

All of this incentivize people to empower one another more directly with votes creating more meaningful connections overtime as opposed to the current situation where people are incentivize to lease their SP as much as possible.

Dan has shared very valuable insights on the subject in his post "Evil Whales", more precisely under the title "The value of Consensus" and "Curation Reward".

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I also think that a none linear reward curve would benefit Steem.

Maybe a sigmoid function as suggested by @twinner might be interesting as it would make self-upvotes less attractive but at the same time would prevent the incredible high rewards for some trending posts which resulted from the n^2 curve.

Yeah I was looking into that @freedom account a week or so ago and I agree with you. It must be an in-house owned account. If not directly owned by the high ups it was given access to exist and feed from the beginning by the high ups.

SMTs have no hope of ever becoming mainstream when this crap exists. What do they think, that people are going to blindly throw money in and not exercise due diligence. Some might yeah... but a fool and their money are easily parted.

Anyone or any entity looking to invest in steem will not proceed when there are issues such as these. The players that do proceed will simply follow the same greed routine. Thus destroy the system even more. Ned needs a good rubber chicken slap to the face.. Wake the fuck up @ned.

First I advocate against the use of violence whenever possible even of the written form thus my opposition to any slap to anyone at this point.

I didn't say @freedom was owned by Steemit Inc but I tend to think so for the reasons mentions in @paulag's post.

The fact that the Steem are concentrated into the hands a small group of people is known and must be consider by all investors. Highly concentrated coins are a negative point when investing but other positive point can make up. Current investors who think this Steem is too risky are selling.

Come on man don't read so deep into that there. I do not advocate violence either, and what I said was more figuratively. Which is why I added the 'rubber chicken' as I was aware that just saying "ned needs a slap to the face" IS harsh in words, even if used figuratively.

It's baffling how they let these things slide. There is clear corruption. If the exploits only exist at the member level, it's bad and needs fixing. If there is a direct link to Steem employees and founders, then... something like that will bring the house down eventually.

I mostly agree to what you said.

It's hyperbole, dog.

HardF***k 19 , yeah that really did a lot of good right?
Interesting connections @teamsteem
a lot of people talk off the cuff and don't seem to realize that much like "The WIzard of Oz" there is a lot of bullshit behind the curtains

Hardfork 19 has made a huge mess in my opinion. It was better before it, but i wasn't as savvy back then, so I could be wrong. Sure seems like the "issues" have escalated to subscriptions since then though.