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RE: Why I am negative to "WhaleShares" and believe it will be another "RewardPool-RAPE" for #STEEM.
Steady as she goes
-HF 19 - Linear Post Allocation Curve - https://steemit.com/steem/@steemitblog/2hfxx1-pre-release-hf19-linear-rewards
-HF 20 - ANN proposal coming soon
-CBTs (Community Building Tokens) - https://steemit.com/community-tokens/@fyrstikken/ned-scott-ceo-of-steemit-inc-have-a-40-minute-conversation-with-the-steemspeak-com-community more on this soon.
@ned but linear rewards is only a very small step in the right direction, unless i'm misunderstanding the article. It's of course still better than it is now so that's good! Anyway, the rewards are only 1 of a few other basic problems with the algorithms. They all need to be tweaked so they all work together, right now content isn't curated properly, people don't get penalized for curating improperly (upvoting bad content, downvoting good content and sheep behavior for example), the reputation system is just a popularity system and it makes very little sense to allow voting from the first second of publication without giving the curators the opportunity to read the content at their own speed.
great concerns Calamus! I'm with you. One question though, how exactly would one "penalize for curating improperly"...seems like it would be a tricky thing to implement. If you upvote someone that doesn't reach a certain threshold of additional upvotes, then it's judged to be 'bad content'?
If upvotes are the mechanism through which we can algorithmically judge the 'quality' of content, how does one measure good or bad quality in any other way? Seems like a good problem to me. Also... I think there's a real question at hand here...If there is value in upvotes, how can we possibly prevent people from acting as dollar maximizers? I'm not sure we can. Ultimately, we all have some aspect of power from our own votes and words...
hmm @abit would you mind sharing your reason of flagging @ned's comment?
experiment. it's an auto downvote due to the amount of rshares coming from fyrstikkens vote
Ohhh right i read about that actually.
Thanks for the updates @ned - many are hysterical on here but fail to realise we are still in Beta mode. I myself have probed the underbelly of Steemit today in my Daily Dose, but that is the role of philosophy: to destroy our idols. Not in they way you might think, but to make us stronger in the long term so our Alpha game is never found lacking!! ... Steady as she goes @ned ... blue skies ahead :)
I'm just a minnow, a content creator coming from YT and FB in May, and Abit is downvoting my content. What's the point of that? He says its just business and no hard feelings. WHAT?? Most of my followers are not whales! It ruins my ambition.
@mericanhomestead i think @abit is doing an experiment where he downvotes other whales that blindly vote for content or something. So it doesn't mean your content isn't good, it's just a statement. I don't know the exact details but i believe he posted about it a few months ago.
P.S.: you already had a following before you came on SteemIt, imagine how 99% of the SteemIt users feel when they work hard and never earn more than $0.10 for hours of hard work. Most people have it way worse than you even.
Hey, it's got nothing to do with me either :)
That is awesome @ned! Looking forward to it!
this is fantastic @ned . Did not know about the tokens
Tell me how the tokens fix all the problems? :)
Don't know. We wait and see how it will roll out. then we apply criticism if needed. I applaud the effort though now.