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RE: What if I told you I've uncovered a top secret community, this community is so secretive that if you want to work your way up its ladder you are going to need some very heavy pockets? Would you want to be part of this community?

in #steemit-ideas • 8 years ago

I meant to reply on this earlier but got side tracked. Great write up on an important discussion, first off.

I'd seen some of the sybil/multiple account issues already discussed in the comments...it's still a very interesting idea regardless.

The one thing I did want to mention, which I'd seen in older discussions (no idea where anymore though) that suggested a period of time where the whales stopped voting or at least set their vote slider bar to 10%. The daily 'prize pool' is the same fixed amount regardless of who votes, but with less of the whale votes (rshares) being used, this would make minnow/dolphin votes a larger influence on distributing that daily prize pool.

I will admit that since these older discussions, there have been major changes such as many many whales donating portions of their voting power to curation groups/guilds and other projects. If they did suddenly cut all their donated vote power by 90% (100 down to 10% total) it would reduce the effectiveness of these curation groups, and if the only cut their voting power of personal (non curation group) votes I don't see it having that big an impact anymore since so much would still be used by said curator groups. Of course any reduction of their vote power would reduce their curation rewards (which especially with the upcoming economic changes removing the vast majority of SP 'interest' would be a concern on their end, rightfully so imo)

Anywho, I know this isn't putting forth a fix, and not shooting down your idea either. Just something previously discussed I though you might find interesting.

8 years ago in #steemit-ideas by
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     8 years ago (edited) 

    Thanks for your input.

    The one thing I did want to mention, which I'd seen in older discussions (no idea where anymore though) that suggested a period of time where the whales stopped voting or at least set their vote slider bar to 10%. The daily 'prize pool' is the same fixed amount regardless of who votes, but with less of the whale votes (rshares) being used, this would make minnow/dolphin votes a larger influence on distributing that daily prize pool.

    Interesting, I didn't know about this. So if everyone stop voting for a day and I am the only one voting, I would be able to allocate all the pool's money on my own even if I have very little steem power is that correct? Even if that is obviously far from ideal for the whales, I still think that a real solution could possibly lies in there somehow.

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       8 years ago  

      Exactly!
      If you were the only person to cast a vote in a day, you would distribute the entire prize pool yourself.

      SP/upvotes don't hold a direct dollar value in and of themselves, rather have a greater proportion of the say on how the total prize pool is distributed.