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RE: The true story about Golos - Russian fork Steemit. Part 2. Interesting statistics.

in #busy7 years ago

You missed the whale experiment where whales had chains put on them and suddenly the minnows mattered in the math.
The general consensus on steem is that linear rewards were a mistake.
Golos is about to waste a bunch of months figuring that out for themselves.

Returning to the n2 with a voting cap of 100mv on the whales lets the minnows matter in the math and appears to be the solution.

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Yes, I decided to give at first General information about Golos, to improve understanding of the development of the events. Personally, I already see the problem of a linear function. The founders wanted to launch a large study of various functions, their impact on the economy. Were such options:

Ok i will wait for you to roll it out.
I hope you document what happened in detail.

I had hopes for golos taking over with better code, but now they screwed up and enabled reward pool rape.
The n2wasnt perfect, but with a cap on voting weights it at least discouraged self voting and voting good content.
Without the vote cap, it is a money grab by the richest.