RE: Embracing Linear Equality on Steem: Unlearning the Sucker & Maximising the Arsehole in Me
Thanks for the (pretty long) answer wit the very detailed examples.You summarized the situation very well.
People however could be generous, if the difference with not being generous is not dramatically large. Today, if one is generous, one loses a lot. So, it is clear that most large stakeholders won't be generous on a logical ground, and this is what is happening. So no surprize.
If the Steem economic system has decided it wants to reward the most banal, effortless, proof of brain dead and by all other metrics valueless behavior the most, then don't be surprised that's exactly what people do.
As said above, this is the only logical consequence. People (including whales) want to make money somehow, and this is the best way for getting the largest amount of gains without any effort.
The difference with what I would call a more reasonable option (like maximising the curation rewards to play with the social network card) is too large. If this difference would be smaller, as said above, it will be easier to be generous as even with a loss, the gains will still be large. For the records, I can say that I am already happy that some (rare) whales still dedicate a fraction of their VP (or more) to help curation, accepting to give up on some easy money. But this is, as you said, generosity, and there is no way that this would represent any other thing than a nice exception of the global behavior.
I guess that changing the economical system is probably the only way. I don't see any at the moment, as trying to change human behaviors never work. Having an economical model where (hopefully reasonable) curation would be rewarded without killing the authors is probably the best option. However, maybe something not as extreme as it was before. Otherwise, we end up with a system where only large stakeholders get something in curating (if I am not too wrong about the ancient system).
To finish, I am happy to read about what you mention for hf20. TBH, I was not following, mainly because I have started to lose interests in what was going on (and I am in a far too low position for having any of my comment seriously considered, so...). I just hope things will improve at some point.
In any case, I will continue doing what I do here (at least for now). I am just a guy trying to do things that I think are right. This is easier to say when one is not a large stakeholder, as one has nothing to lose in doing so ^^
I think we pretty much totally agree. Generosity certainly helps, but an economic system that rewards the most effortless and valueless behavior the highest while solely relying on the generosity of others is doomed to fail.
It's true that there will always be trade offs. A good basic test is this: what economic system would be required for people who take the time to curate and thus do something good for the entire platform be rewarded more than if they were just to mindlessly sell their votes or upvote themselves 100%. My guess is a slighly superlinear curve and curation no less than 40% at least, possibly 50%. While on paper it looks like authors are getting less, in practice when no one is sufficiently incentivized (outside of generosity) to curate, good authors right now are getting far less. Finding good content early must provide the finder a higher return on average than if they were to just use all their votes on themselves for this place to function properly.
hi traf, i just wanted to say that i'm really glad to see that you've re-invested back almost 10% of your upvotes to support comments and other post like this one, and also that you have vote for 2 worthy witnesses @curie and @pfunk
i understand clearly that the system is non sustainable due to the number of large stakeholders increasingly delegating to bots and self-upvoting, but delaying the inevitable will give Steemit Inc. time to implement a solution without scaring away new Steemain in the droves and causing new massive FUD to drop Steem unnecessarily back to extremes like $1.3 until change is implemented
EOS is coming out earliest July. Probably between release to December this year, they will announce the name of their new social-network component running native. Then we'll begin to see a mass adoption (aka direct competition) and migration from mainstream social-media to crypto starting in 2019 to both EOS and Steem.
I hope you understand that even a 10%-20% contribution from you will contribute critical time for Steemit Inc.'s leadership, Steem blockchain coders, and witnesses to rectify and bring incentives back to quality content and retaining talents.
A quarter (3 months) is almost like 1 year crypto time, alot can change in next 3 months. Once again, thank you for making a difference, I'm sincerely proud that you went down from 98% to 90% in just 1 week time.
Upvoted 100% for your actions as well as your ideas and suggestions above, it sounds practical, and will likely give Steem new life towards a sustainable reward system that will promote growth, and help us maintain our head-start in accumulating a stronger user base.
See my comment below to add to your ideas to help us improve:
https://steemit.com/funny/@freebornangel/re-trafalgar-re-kevinwong-embracing-linear-equality-on-steem-unlearning-the-sucker-and-maximising-the-arsehole-in-me-20180420t150938837z#@dj123/re-freebornangel-re-trafalgar-re-kevinwong-embracing-linear-equality-on-steem-unlearning-the-sucker-and-maximising-the-arsehole-in-me-20180421t141441587z
@NED, @SNEAK, @ANDRARCHY ...... Please Come Read What @Trafalgar Suggested Above!