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RE: Understanding Steem's Economic Flaw, Its Effects on the Network, and How to Fix It.

in #steem6 years ago

I'm not disagreeing. I'm just saying that a dysfunctional content and reward system is the worst outcome. All of the costs with minimal or no benefits. This isn't the end game either, if we don't change the incentives. The dysfunction will continue and it will only continue to get worse.

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Yup, understood. Nothing can be worse than the current situation. Looks good short-term, but worst outcome in the long-term. If Steem ultimately can't work on its content/reward merit even after the proposed changes, along with content-based SMTs, do you think it's still able to stand out well enough compared to the rest? I still haven't put much thought to that version of Steem.

I don't know.