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RE: Let's talk about Steem

in #steem6 years ago

This is 100% what I am working on with the 1UP project. Luckily, I found investors now and the developing start next week. We will create a platform with 1 account = 1 vote which maixmized profitability for investors and token holders. At the same time we create our own ranking lists which will be 100 times better than the trending page. And on top of that, 1UP will reward all those people who use the platform to upvote others with our system so everybody will make money and be part of the game.

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@flauwy could you explain it a bit more in detailed? :)
How do you imagine to maximize 1A1V for investors and token holders? I mean sounds great but don't​ have a picture in my head how this could work. Would love hearing more of that project. :)

This happens by maximizing the curation rewards in order to create higher revenue for the user compared to the normal Steem system. By giving up the Proof-of-Stake system and surrender to a hivemind curation the better content will win through Proof-of-Brain of the masses. By doing so the investor automatically upvotes the winning post and gets a higher curation reward for that compared to any manual upvote. At the same time we have users getting paid for giving 1UPs every single day which will make that an important income stream for them and increases the value. Finding a good balance for the 1A1V comes through gamification that ranks users according to their previous participation in 1UP. Also, not everyone gets a vote and their will be many filters preventing abuse through multiple accounts. The exact details are yet to be discussed. I am uploading a video right now about that topic where I need some feedback for how to achieve that and reduce abuse.

Are you coding a own blockchain or trying to use a future SMT?

We will use the SMT protocol for 1UP. But I am not a coder, I pay for that work.