You are viewing a single comment's thread from:
RE: So, You want to change the reward pool?
Maybe exponentially reducing the vote value when voting for same person in 24 hrs. That will stop some exploitation. Stop sp delegation and people will start curating manually. Tie voting key with something more critical like transfer to stop vote selling.
I'm Interested to see how it all plays out. I am not opposed to vote buying and selling, some people want to build a "blogging site". I want to build a Steem Economy.
That makes Steem an asset, one that can be bought, sold, rented and leased for various business ideas. Who am I to tell a whale what they have to do with their stake?
The important thing to understand is that undistributed rewards pool shares are also an asset, and buying and selling them is no different from buying and selling any other. If you can get them for less than their value then you're winning.
I think the mistake here is that you're assuming that the reward pool goes undistributed. My understanding is that if an account holding the standard 14.5 SP placed a single vote, and that was the only vote of the day, it would effectively distribute the entire reward pool to the content that it voted on.
Bidbots reduce your ability to grant rewards & in turn, negatively affect your curation returns. I think if the bidbots didn't exist to delegate to, the overall payouts would be larger as a result of inactive users leaving their stake unused - or perhaps if they were not inactive, the distribution would be wider than just those who want to pay to have their spam upvoted.
I've seen the dilution happen, it's very real - the 'pending rewards' dropdown says 'pending' for a reason.
I love this idea, because it will atleast make exploitation a little harder to do on a large scale. Stopping sp delegation is also a good idea, because it might make the bid bots less powerful. I'm all for blocking their power.