RE: De-Spinning the Spin - The real truth
I agree completely with your proposals up until this one:
"We should get rid of the reward-pool and just give it to the witnesses."
That kills the Steem.
Regardless, it no longer matters IMHO, as Steem has been reduced to possession by Tron in fact. Steem is kill atm.
If Tron and the exchanges execute code that prevents their exercise of governance, and code that prevents that same ability of any other stakeholder to undertake the Sybil Attack that has been successfully executed presently on Steem, then we may be able to bring it back to life.
How likely do you think that is?
When that has been accomplished, the proposals you suggest may be relevant. Currently they're proposals regarding a dead chain. Justin can just do whatever he wants with Steem today.
Justin doesn't control 17 of the top 20 witnesses at the moment, so no changes can be implemented (stalemate).
The exchanges backed off their votes - but remain powered up. They can swing it his way at will. The illusion of decentralization is just an illusion.
@ned had this stake for four years and never assumed control of governance. That doesn't mean he didn't have the stake.
But in order to vote, they have to power down and that appears to take several months to do, to power down.
No. To vote for witness you must be powered up. Powering down removes your ability to cast votes of any kind on Steem
Oh ok. I'm sorry, I've been confused by the Tron Steem Drama. I'm trying to understand the details. For example, I'm guessing that crypto exchange websites have Steemit accounts. I'm not totally sure how it all works, but I am guessing that these Steemit accounts work as the middle man between their exchanges and the Steem blockchain. I have sent some Steem to Poloniex and Bittrex through their Steem accounts.
So, based on what I know, based on what I've experienced, it seems that these accounts have access to Steem on their exchanges and access to the Steem blockchain. So, I believe that they took some Steem from some exchanges that they had access to and powered up their SP on their Steem accounts to then vote for witnesses.
I believe Tron Overlord Justin Sun was upset as he really wanted to help those exchanges power down as fast as possible so that they could return Steem back to the random people they borrowed or stole from. I believe that some of those people did not know that the exchanges were doing this and that Roy Liu and Justin and Tron really wanted to rush things along to make sure that nobody notices. But then if they power down, then they can't continue to vote with the same voting power. And I am guessing that people can try to vote back in the previous witnesses back into the top twenty or top thirty spot as they did to an extent last week.
I feel like Tron is in a sticky situation. I don't know what I would do in their situation. Do you keep the SP so you can continue voting or do you return the Steem to the people and admit to the actions that they took. Well, either way, they did what they did.
Negotiate with the "real" witnesses. Buy the steem-power you want and buy liquid steem to replace the stolen steem (on the exchanges).
Yeah, but Tron is still guilty and they cannot erase the evidence of their crimes.
I'm not sure their ethical violations qualify as actual "crimes".
Are you aware of a specific criminal statute they've violated?
"We should get rid of the reward-pool and just give it to the witnesses."
Please explain.
There are plenty of sites where you can blog. Steem creates a new paradigm, where you don't just provide information to your peers, but your peers can provide Steem to you for doing so. This elevates society, and our speech, our communications to each other, to the same socioeconomic level as working for wages, or investing in commercial undertakings.
Steem isn't just blogging for rewards. It's a new socioeconomic paradigm enables peers to create mutual economic support, outside of legacy financial mechanisms captive to predatory institutions and persons, and replaces hierarchical neofeudalism. Steem replaces overlords and serfs with peers and decentralization by it's blogging for rewards mechanism.
If it's done right, it's a model that can be a vector for change more powerful than we commonly imagine. Eliminating author rewards eliminates that paradigm changing potential.
Go ahead and eliminate curation rewards. They're only parasitic. Steem is far from perfect, but like a lungfish clumsily flopping about in the muck catching bugs out of water, brings new possibilities to the world.
Steem-power still generates 8% APR, which could be used as "free tips/upvotes".
The reward-pool is just an additional 3% distributed interest anyway.
I don't think that shifting the source of the upvote-tips would "kill the steem".