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RE: Moving to hive
If the whole stake holding community decide to not protect @buildawhale customers either they're not worth protecting or the system is completely broken.
I vote for the former.
If the whole stake holding community decide to not protect @buildawhale customers either they're not worth protecting or the system is completely broken.
I vote for the former.
with all due respect - if the system is broken, it's not up to you to fix it with your SP. it's up to the witnesses to be convinced that the system needs fixing and do so in a way that is sustainable and better for everyone.
I agree that vote selling is not ideal but it is a symptom of a system where minnows have no other way to gain any sort of clout and whales can earn a very good income just from sneezing.
I see vote bots as an equalisation measure, and hopefully in future steemit as a platform improves to the level where it is no longer needed.
It's not even up to the witnesses - the witnesses would be the one who activate/approve a fix to the system. Its up to Steemit Inc, or some enterprising developer who understands the code, to actually implement the solution and propose it to the witnesses.
well there you go - that's good to know - as a fairly new user the whole witness model is a bit foreign to me, i just try to make sense of it as best i can. Thanks.
No problem! There's no good explanation of all this anywhere, so no fault on you for not knowing :)
So why doesn't Steemit Inc implement changes that would clearly reflect better on the image of Steemit to the broader crypto space? After all, this platform presently is the face of the steem blockchain; SMTs aren't out yet and Utopian, Dtube, and Dsound are still up and coming.
It's as if the very notion of reward pool abuse has been accepted as a necessary evil and there's nothing we can do about it. It's even implied in the Steem White Paper itself. The founders anticipated the problems that would arise out of allowing self voting, for example. Yet they still allowed it.
On page 6 of 32 it states, "The challenge faced by Steem is deriving an algorithm for scoring individual contributions that most community members consider to be a fair assessment of the subjective value of each contribution."
Clearly, as Bernie and others have pointed out, this challenge is still faced by the platform, nearly two years after its inception. Something has got to give.
Leadership needs to address this sooner rather than later. With every day that passes, more cryptocurrencies pop up - steem is losing the valuation race despite the first mover advantage it has on so many other projects. It will likely continue to do so until Steemit's systemic flaws are addressed, or something far superior shines as the face of the steem blockchain.
Because the CEO is too busy jerking himself off for $6k for running off the genius that produced this entire project:
Pretty much agree with what you've said. It's been a problem, enhanced by the linear rewards, and is creating fundamental rifts within the community itself.
As for Steemit Inc, I can't speak on behalf of their team, but from what I've seen they've got different priorities. Whether you and I agree with them doesn't necessarily impact those decisions that they made. Currently they're working on blockchain optimizations and SMTs. As witnesses (and by proxy, the witness voters), it's up to us to decide which code to implement once it's developed, but we don't have all that much control over what's actually developed and in which order.
The current situation is basically that those two things are coming down the pipe, and we would be stupid to block them out of any disagreement related to priorities. These two features are both valuable things to the blockchain itself, even if some of us believe that the fundamentals should be addressed first.
I'm personally one that believes fundamentals should be addressed first. You want a rock-solid foundation to build the more advanced features upon, and the more features you add to a system, the harder it is to fix down the road.
but isn't the steemit codebase open source? if so, wouldn't it be open for anybody to enhance the code, and the witnesses to subsequently vote that code in ?
Correct, it's open source and anyone could, then that hardfork could be adopted by the witnesses.
yes but stinc team are holding the reigns on the code and witnesses so it's their call on most of the problems, .... sooooo not really, anybody can speak up and mostly get either shot down or they have to be accepted by the team, subsequently the witnesses, in the perfect situations the people would have the power to vote witnesses in, but we have a system that is in favor of the early adopters and they rushed a bit of the "corrections"