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RE: Improving the Economics of Steem: A Community Proposal

in #steem5 years ago

As you'll soon note from my votes on this comment, that downvote pool will just be gamed. You're a gamer, and probably looking for ways to profit from said downvote pool.

The fact is that most people cannot pile stake into Steem, because they don't have it. Your stake immunizes you and enables you to profitably ignore this reality. You do so to the detriment of society, for your own profit.

I consider your facility with financial manipulation potentially beneficial to the community with the right incentives in place to encourage your profiteering to promote improvement of the investment vehicle that creates capital gains. This is why I propose replacing your current business model with dividends from funding development. You're agile. You'll quickly maximize your returns from new incentives that don't degrade curation and the market for Steem. The only reason you do that now is that the incentives make that the most profitable business model today.

We need to change the incentives that drive you to benefit the community, rather than continuing to degrade our market as you do today.