You are viewing a single comment's thread from:
RE: 25 Reasons Steem Will Replace Bitcoin as #1 Cryptocurrency by 2021!
Here is a potential solution - once you go above a certain reward value , a % is deducted ( let's call it steem tax ?) and that gets fed back into the system.
They will just make more blogs and comment posts with sockpuppets to side-step any threshold.
Sorry there’s no fix for Steem’s reward system. Can’t be fixed. I pointed that out back in 2016.
There will always be ways to abuse the system, it is just way too easy right now. They could at least attempt to implement a system to make it difficult.
Rewards need exponentially more voting to increase rewards beyond certain thresholds.
Whale accounts can not longer only upvote a single account and that is it. Make it so one single account cannot contribute more than 5-10% to the reward payout. These whale accounts also need to contribute to other accounts, so make it so they can only vote for a single account once a day, 3 times a week.
have large payouts reviewed and have the possibility of them being denied/reduced by a random jury
Will it fix the issue, not completely, but at least it will make it harder from them to scam the system