RE: The account-based voting revolution

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sco (64)in #steem • 7 years ago

What I would love to see is a mixed rewards distribution algorithm that takes into account:

SP: killing STEEM demand would kill the ecosystem. Shitcoins won't survive forever. So I think SP should be part of the game... to some extent
Number of votes: democratization
Reputation of voters: votes of respected people should count more, and this could counter spammers, especially if flagging works better. Also, this would encourage people to use one respected account instead of creating masses of fake accs to get a higher number of votes.
Of course, this would require a new reputation algorithm whose result would actually resemble the reality.
heavy voting malus: if an account gives more than a certain percentage of votes to a single account (let's say 5% per week?), the vote value should decrease gradually, down to 0% in extreme cases. This would have to include self-voting.

Just a quick shot, but I really think this could serve...

7 years ago in #steem by sco (64)

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jaki01 (74) 7 years ago

Some time ago I formulated some partly similar (diminishing returns) ideas to make self-voting, circle-voting and spamming less attractive by ...

... thinking about a reward curve which started as n^2 / exponential (thus flat), and then later changed into linear which would work against self-voting as well as excessive rewards.
@clayop had a similar idea.

... implementing diminishing returns when upvoting the same accounts (including own ones) again and again.

... reintroducing the restriction to four (or less) full paid posts per day (from some hard forks ago) which was very reasonable.

$0.00