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RE: Understanding Steem's Economic Flaw, Its Effects on the Network, and How to Fix It.
I agree with your points, aside from Steemit delegating to bots, I don't think they do
Unfortunately there are relatively few of us who see the problem this way. Any solution will have its trade offs, the idea is to minimize the costs while having an economic system that's sufficient to topple the current content indifferent form of profit maximization. That is to say, we need a new system that rewards good curation better than vote selling/self voting while still leaving enough for content creators and not shafting minnows too hard.
I truly believe a combination of slight superlinear, added downvote incentives and higher curation will do just that. No more than necessary in terms of extent.
Delegation was my misunderstanding.
One thing I don’t get is, since linear doesn’t work (everyone agrees right? Or not?), how difficult it is to give another option a try.
It really should be trivially easy
It's a very urgent problem that is fairly easy to identify and fix by competent people if indeed we are correct
So either we're wrong or, well, the people are all over the place, as we've been here for over a year with no agreement on a solution or even what the problem is
No. Many say linear is fine. I say make it 0
Why though? How would that even remotely motivate to curate. People would have literally no reason to not vote only themselves.
You are not given a curation reward for voting yourself, unless your work becomes popular. It would make things a game of voting what will get popular. Copy and pasting my articles gives them nothing, when they can just upvote the original. There would be no need to penalize link sharing because they wouldnt be getting author rewards for creation but the reward is for finding it. So if something really useful shows up in an obscure place on the Internet, it is a service to users of Steem the blockchain and would help user adoption. It could help counteract the extreme sell pressure on Steem.
I don't quite get what's wrong with linear. Wouldn't over-linear rewards be a great subsidy of the greatest whales and the biggest bid-bots?
Non-linear makes it more difficult to calculate bidding price and voting amount for bidbots. Say, if a bot has 100sp, under linear, if 10 ppl bid the same amount, they all get the 10sp equality of voting amount from that bot, whigh is 1/10 of its full voting amount. Win-win for all.
But under n^2 for example, the voting amount 10sp generates only equals to 1/100 of that from 100sp, which makes bidbots less attractive to use. I mean you can still use it for promo but looks far less attractive as Some bidders are gonna lose money by bidding.
With non-linear voting, we could actually see some bidding for the bidbot votes, as the bidbot would only be giving one 100%-vote every second hour :-)