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RE: Bid bots aren't the devil and neither are Linear Rewards

in #witness • 6 years ago

Thanks @aggroed for helping me learn something today!

  • The problem is, the more I learn the more I realize I do not know. 😕 I think I'm hung up on a few key words and tricky phrases that I do not yet comprehend...
    • In your post and in some of the comments, "distribution" is discussed. Can you explain a bit about how this magical distribution happens? And does this in any way tie in to the magical inflation rate of 9%?

Besides my comment, "distribution" has been mentioned 26 times in your post and the comments...

distribution is still a little fucked.

Steem already had a shit distribution

that created a really shitty distribution on the platform

the broken distribution

Is this distribution the payout of rewards? both author and curating...?
Is this sentence the key I'm looking for?

  • How else besides posting and commenting does distribution occur?

There will be less and less distributed through posting. I think that's bad.

What is this magical bell curve you speak of?
How could it be obtained?

If we had a more standard bell curve for steem distribution then I think N^2 would be better.

BTW, I like the other points you make in your post. They seem to me to be good ideas!

  • I really like the idea of having more votes. It would also be pretty cool to have an additional vote, that doesn't affect anything, similar to FB like button with all it's options. Sometimes I would like to acknowledge a comment or a post, but cannot afford a vote to do so. If I could give a thumbs up or down without it costing me anything or affecting any payouts, that would be cool. But, I realize it adds to the bloat of the blockchain, so perhaps it will only show up in additional apps created around Steem...
    • I also recall a very high up contractor saying he will downvote conspiracy theories, anti-vaxxers, etc. because there is no room on this platform for such ideas. That's just wrong. I agree with the FAQ that the downvote should be used mainly for errant payouts, not because you disagree with someone...
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distribution is a term that describes the current state of steem power ownership.

A good distribution would be a bell curve, and likely a bell curve somewhat favoring the wealthy.

What we have now is a clear oligarchy where 100 account out of nearly 1M own 93%.

Aha! That makes sense. I was thinking it was how the payouts were distributed. You've cleared up my misconception. THANKS @aggroed!!!