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RE: Improving the Economics of Steem: A Community Proposal

in #steem5 years ago

Sincerely, I hope it's not too late, but after years of being ignored and no delivery of promised updates it's hard to be enthusiastic about anything at this point. I guess time will tell. I agree we never need to revisit the old exponential curve, my thoughts were more slightly exponential, but I think the vandeberg model is fairly close to what I was thinking.

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Yes, yourself, van and me are no foreigners to feeling that we have an answer but being told to go beat it for long periods of time

But now that we have Steemit Incs attention, it remains our best play. Incentivize the behavior we want. Each measure that does this (curation, free downvotes, superlinear) have their own drawbacks as you increase their intensity. So it's an opitmization problem of maximizing benefits - costs.

I believe this is a broadly fixable problem and yes, i feel it's overdue by a couple of years, but it might not be too late to turn this ship around

"Incentivize the behavior we want."

Isn't that behaviour development that imbues the underlying investment vehicle with greater value, creating capital gains? Let's do that instead of corrupting curation with ANY financial incentive through which funds intended to market Steem are instead gamed for profit.

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