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RE: STEEM WHITEPAPER For Dummies: Reward Distribution Plus Comics

in #steem8 years ago (edited)

Ironically I was taking a Steemit day off when this came to my attention LOL

I thought this was pretty well BALANCED as far as the writing, commentary and ideas went. That is always key.

I also know a lot of people feel this way, WRT a lot of the ideas presented here today.

People also need to remember you are an artsy person Stella and everyone functions and relates differently brain mapping and talent wise in life.

Most people will never bother to care or read a whitepaper or focus on maths and algorithims etc. These social platforms are just that - social and the best coder in the world may not be able to adjust for the human side of things.

With less people on here than ever writing, being active etc --- the numbers don't lie. The same people seem to be earning all the rewards, and let's face it-- the platform is predicated on rewards being paid to the community, that is how it is presented and sold.

A few people control all the wealth here, is the cold reality and no matter if you preach the steemit gospel or the bitcoin gospel, or are a Liberty based person or a statist..... these truths are..... self evident everywhere.

Less people on here - less content, is supply side economics. The payouts and views and votes should be more spread out IMHO from a simple Economics 101 mindset with some finite resources at hand and some variables in play on top.

But the rewards are really not being spread out, the same handful of top earners on here and the same top whales are still doing all the earning on curation and content, and other good content is continually overlooked.

I think you tried to be balanced and objective, I read this slowly. I just think you are trying to be you, and try to be fair..... and likely no algorithm in the world is going to be able to "account" for that and the humanity on here.

I have reminded people like is discussed here -- the whitepaper and metrics in this updated Steem ecosystem ( and it is that) -- are changed now mostly since the big Hardfork awhile ago.

Ironically, this post is undervalued and it is going to offend some people. I read all the comments. This series is a huge undertaking by you. Expect flags to be thrown LOL

Just my fiat-based 2¢.

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thanks for your insightful comment.

I muddle along and do what I can LOL

You are welcome.

Great article and optimistic tone. I’m building a community to solve student debts and wondered if Steem reward system and Zipf will be better suited for such community. I’m thinking of crowdsourcing the whitepaper.

Regarding the Zipf law referenced here, I could understand how it’s applied literally with Steem rewards