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RE: The Number One Fix to Improve Steem's Chances for Mainstream Adoption

in #steem6 years ago

I was just saying we don't need to incentivize downvotes and encourage people to use it more because they will be getting paid to do so in that case, and abuse it more.

I don't understand this part too much:

the only ways to close in the gap in making curation communities at least on par with vote trading communities. Plus if this move is in favour of distributive voting behaviour instead of pure accumulative behaviour, then it could overall be better imo.

Can you elaborate? What's a curation community? How many vote trading communities are there, and that are visibly a problem? I'm not sure who these are... What's distributive vs. accumulative behavior? Thanks.

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I was just saying we don't need to incentivize downvotes and encourage people to use it more because they will be getting paid to do so in that case, and abuse it more.

Yup I agree with this. Prevention by way of economic design is better, which is why there are the other ingredients in that burger above (50% curation, modest superlinear, etc).

Can you elaborate? What's a curation community? How many vote trading communities are there, and that are visibly a problem? I'm not sure who these are... What's distributive vs. accumulative behavior? Thanks.

Ok vote trading in linear is basically self-voting in effect. Vote trading includes vote exchange, vote selling / buying via bidbots etc. By definition, it's a content-agnostic activity aka not proof-of-brain. Curation on the other hand is not content-agnostic aka proof-of-brain. Alright, maybe community is not quite the right term, it's activity / behaviour. Now selling your votes is the best move that rakes in 600-1000% more than spending time curating. What we've proposed here is likely to bridge that gap.

Distributive vs accumulative is a way of framing curating vs vote trading. Maybe it'll be clearer here - https://steemit.com/steem/@kevinwong/distributing-wealth-should-be-equally-profitable

Edit: Thanks for asking me to elaborate. The gist of the proposal - it is designed to strike a balance between curation / distribution and vote trading / accumulation. The hypothesis is that voters will more likely use their votes for the long-term greater good stuff when it benefits them "sufficiently" in the short-term. "Sufficiently" here means on par compared to the short-term benefits of selling most of their votes away (which fuels content-agnosticism and unhealthy accumulation). Now that selling their votes away yields far superior short-term benefits, nobody's going to use their votes for the greater good (which fuels curation and healthy accumulation)..

Now that selling their votes away yields far superior short-term benefits, nobody's going to use their votes for the greater good (which fuels curation and healthy accumulation).

Not nobody, plenty of people still do ;)

Removing delegation solves the ease at which vote selling can be done, and reduces the profitability of those buying votes. This only started because of delegation.