RE: Does Steem have a Tragedy of the Commons dynamic?

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RE: Does Steem have a Tragedy of the Commons dynamic?

the-gorilla (75)in #economics • 3 years ago

Thanks for the links - I'll take a look when I find some time 🙂

o1eh occassionally shares some statistics on the use of bidbots which I find interesting. He's got combined bidbots having more than double the power of Steemit although I don't know if he includes mister-delegation or the steemit account within this.

I don't expect Steemit to ever ban the likes of UpVu through fear that the 30+ million Steem delegated to them will leave the platform. If Steem is to remain a purely "blogging" currency, then I think that our best hope is to have a front-end that makes these things disappear so that new users don't know that they exist and don't continue to make them more powerful. And accept that they're there, draining the reward pool and propping up the price.

3 years ago in #economics by the-gorilla (75)

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remlaps (75) 3 years ago

I don't expect Steemit to ever ban the likes of UpVu through fear that the 30+ million Steem delegated to them will leave the platform.

I agree on this. I don't really want to see them banned, anyway. I'd just like to see them encouraged to get better at curating. You're probably right that if no one's going to challenge them, and there are no relevant competitors, the best approach is to just make them less prominent in the front ends.

$0.03

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