You are viewing a single comment's thread from:
RE: Balancing The Steem Eco-System & The Vote Bots By Putting @Steemit's Millions To Use? What Do You Think?
Can you explain that using different words Matt? I do recall reading that the steemit account has some kind of function like that, but I don't recall exactly how it is intended to work.
SP/Mvests, they're influence tokens.
We can turn them into money by powering down and selling them, but they're not actually money. With influence tokens, it's a zero sum game.
We're all standing in the town square, some of us have big stakes, and we're talking quite loudly (Sometimes on uplifting, good topics, sometimes saying horrible things), others only have a small stake and struggle to be heard.
STINC starts using that enormous stack, and it's like a plane taking off over our heads.
Nobody will be able to hear anything but the roar of the engines.
People who invested money into buying a big stake to be heard over the crowd are going to sell their megaphone and do something else instead.
I understand the idea that large amounts of SP being used will alter the dynamics - but I am only suggesting that they use a similar amount to what is being used by the bot operators, I am not suggesting to use all of it. The 'voice in the square' would be shared by the various people who buy the votes, not used up by one single speaker (aka the airplane).
@ats-david was just saying in the chat that Steemit actually has used some of those tokens to delegate with, but they power them down and use them through other accounts.
The broader crypto community is already quite hostile to the platform on the grounds that a lot of the early STEEM was ninja mined.
If that ninja mined STEEM is then used to undermine the value/influence of the STEEM people have bought, that'll just throw fuel on the fire.
I appreciate that, yes - It is a fair complaint. The fact remains though, that the coins do exist and everyone who has bought Steem did so while that was the case.
I am suggesting using some of it to simultaneously clear up the vote bot issue and also to fund some useful projects (maybe).. Both of these could make a significant improvement to the price of steem, so it could work out positively for investors and the platform overall.
It is a gamble in a sense, but then so is buying cryptocurrency!
It's certainly good to have these conversations.
Keep in mind too, we're still in beta, so we're effectively lab rats right now; and you don't go changing variables in the middle of an experiment.
haha.. well, as a system architect, i don't view beta stages as fixed, long term experiments that need to remain rigid.. part of the nature of beta status is that problems arise and changes are made to repair them.
True, but sometimes the rat in the maze and the guy with the clipboard have different ideas about what constitutes 'a problem'.