RE: Steemit Hackathon Day 2 Livestream
"We have 12 people watching us!"
I was one of the 12. Good discussion!
On the fact that new people don't have hardly any affect on post payouts -- I understand the math in the code is structured so that one person with 20 SP has more effect than 2 people with 10 SP each, to prevent Sybil attacks. But if the exponent could be lowered, that might help. I had read at some point that the SP was squared or cubed, when calculating voting rewards. Maybe something like an exponent of 1.1 would still slow Sybil attacks while flattening the curve of rewards given per SP.
It seems there could be other ways to deal with Sybil situation where one person has multiple accounts. There could be two tiers of voting ability, where unverified accounts would have a fraction of the voting power of verified accounts. To verify, pay $1 or some amount, via credit card.
Or have voting power based on activities. Gamify it so you can level up for doing activities. Level up by posting an intro post, voting so many times in a given time period, being active at a certain level per day, moving a certain amount of Steem or SBD to others, etc. The higher your level, the higher your voting power percentage. Make people do work on each of their accounts if they want to have multiple accounts.
Just various thoughts that come to mind as I watch the live feed.