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RE: STEEM Economic Changes Update (@officialfuzzy's thoughts & concerns)
Nice one, Fuzzy. I like the 3 power levels idea.
One thing I've been thinking of: why not have a second "Big payday" to boost the Steem Price? At the same time, the publicity would also show Steem is still alive and kicking...
how would you do that? pause payouts now and later pay? not sure it would work though, it can be worked out as a "bonus day"...
Bonus day sounds good to me. Stash a portion of the reward fund (say 10%) each day and then have "big bonus days" a few times per year.
"Bonus day sounds good to me. Stash a portion of the reward fund (say 10%) each day and then have "big bonus days" a few times per year."
this is how you advertise steem ^
Let's explore this...
with current reward pool ~57,600 STEEM daily, 10% would be 5,760 and if bonus day is every 3 month that would be 5,760*90=~ 518,400 which I think is quite a sum and it can even be powered up instead of giving liquid STEEM... not sure how to solve distribution yet so that system cannot be gamed.
I don't see why it would be any more subject to being gamed than any other day, after all the amount paid out is arbitrary and the mechanism is the same regardless ($8K/day now vs. $200K/day at the top price). In fact, attention and participation on the site would likely be far greater than usual on that day meaning abuse would be more likely to be noticed.
yeh. I always thought we could do it on holidays...
Like have a Christmas bonus day on the day before Christmas...
or a Halloween Trick or Treat nite...etc
People like "Bonus" like they like the word "Free".
How did it work the first time?
I really like the idea of having these "big days" as the PR events they are meant to be. The first one went well.
There are so many innovative and amazing things we could do to help steem if people would think outside the box.
um...btw, why you at -6?
I think "big days" would cause, that a lot of great articles would be prepared just for those days. You know, what this reminds me? "Liquidity Event" in Bitshares :D
That would cause a lot of new people would see steemit first time, when it has outstanding amount of great articles on front page! :) I like it! :)
Im digging that noise noisy....
Had a discussion with @berniesanders ...