Another well written post @kevinwong . I have resteemed it. It is a very thought provoking situation and the feeling that our support is eroding away in favor of bid bot delegation and heavy self voting is very real.
There is no easy solution to this issue. Before you got here @trafalgar we had just as many problems if not worse problems. We had a hand full of god kings ruling us that got here 3 weeks before myself and a lot of other content creators did. There were a lot of catfish / sock puppet accounts soaking up a good chunk of the reward pool.
Personally as frustrating as certain things have been I would take this version of STEEM over the 2016 version all day every day.
If we went back to the old reward curve and my vote went to $0.02 this place would absolutely come unglued. All the content creators who weren't already STEEM rich would be back to being a court jester trying to impress a handful of kings.
The price would totally collapse again because people would see that they could power up even $10,000 and their vote would still be worth basically nothing so they would realize that it is pointless and leave.
I don't have an absolute solution but I think the delegation initiatives to the 3rd party apps like DLive, DTube, Busy are great and maybe some substantial power should be granted to more community building leaders who have been selflessly upvoting others for months / years to keep creators engaged.
Also another remedy to certain situations is having top 40 witnesses agree to address issues like @haejin in accordance to what the community wants. Possibly creating a web app that we can steem connect to and everyone who has a reputation over a certain number can vote on solutions. Each account with over 1000 SP and a Rep of 55 could vote on what to do and the Witnesses would carry out the communities wishes or something of that nature.
Otherwise we end up like the Matrix with no Neo to take care of some of these issues once and for all.
The current state is okay as well, but it'll certainly tend to cynical voting which slows down the growth of the network. n2 brings the god kings, so we'll go for semi god kings lol.. with the likes of n1.2 or n1.3.. somewhere on the lower side near linear.
I would choose “Semi-God “King Kongs” Do they actually exist!? 😜
@brianphobos got a valid point!
Please don’t bring me back to “those” days....
I prefer to stay in the close to near linear “underground” and struggle with dragons.
BTW: Yo Mamma is a wise woman @kevinwong at least admit when you become an Arse!
Those days were shit and am glad the new ones never had those days..or perhaps they should have experienced it to appreciate what they have now.
Semi-god King Kongs are very apt...
Am hopeful that it is out in the open and can be solved..no matter how naive that sounds.
Exactly!!!
Was out of engagement in here for a while. How have you been? Your mom? Going to SF3?
where and when is SF3? I know nothing about it but want to go @immarojas
Where? we dunno yet..wait for @roelandp
Last year..it was in Lisbon from 31st of Oct to Nov 1st week.
I guarantee ul love it.
oh well not easy to be one here lol
My worry is that even as it stands right now oftentimes when a person does the math of how much they would have to power up to get a certain value on their upvote the numbers don't seem amazing. It is more about getting in an accumulating and then when the price spikes that is when the bigger money is made. My worry with even n^1.2 or n^1.3 is that the numbers would be even less enticing at the lower levels for how much a persons vote would be worth which would scare off investors who want to power up anything less than about $100,000 worth.
Delegating for distribution is a terrible idea, only ass kissers would get rewards.
Bring back the whale experiment and the n(something) and see what that does.
As long as accounts with more than 500mv are allowed to dominate the pool we can forget mass adoption.