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RE: Improving the Economics of Steem: A Community Proposal
"...voting rewards are predictably used as staking returns or payment, which is precisely how they should not be used. Profit minded businesses using voting rewards in lieu of transfer are far more likely to extract value from the system than contribute any real value themselves. And it's not their fault - we simply have the wrong economic incentives in place."
This is exactly the problem, and tweaking rates and splits won't end it.
We need to end it, and we can.
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