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RE: How Vote Incentivization Monopolizes Delegated Proof of Stake

in #dpos4 years ago

I think you and @lukestokes would agree, there's no such thing as 'altruism', as the end goal is changing the system in a way you desire.
Good insights. The hope is that we can educate to avoid the price going low due to short term interests. :)

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Agreed. The trick lies in persuading a sufficient portion of voters that voting to attract or retain eyeballs can be far more valuable than a nominal increase in daily rewards of declining value.

And yes, I try to avoid absolutes when talking about human nature, and I don't recall seeing that post before, but I have long held the opinion that altruism is either incredibly rare or non-existent.

Another thought is that the existence of layer 2 tokens like steem-engine tokens & SMTs changes the analysis, too.

If a single post can be flagged or ignored under one curation regime, but highly rewarded under another, the value differences among curation strategies become visible much more easily.

As my analysis is designed towards candidate (e.g. witness) voting, the same arguments can't be directly ported over to rewards pool voting. Existence of a second layer token wouldn't necessarily detract anything from my analysis, I don't think, since the different economic systems can be identified in a closed-body way from each other.
Analyzing rewards pool voting is a whole other can of worms too..