You are viewing a single comment's thread from:
RE: How to Solve the Reward Pool Abuse Problem Once and For All
Have to admit, this solution surprised me! Wasn't expecting that. lol But I think you're right @biophil that there isn't really any way to prevent abuse. As long as money exists, an incentive to steal it will exist alongside (to give the most basic example).
I was disappointed that this post didn't branch out into suggestions / ideas for increasing participation on the platform, to get those upvotes made each day. But yes, @bbilgin, this is very thought-provoking!
Thank you for your reply, @geke!
That's a valid point. I should have addressed that. I didn't do that for two reasons.
It's not feasible for most of the users except maybe for retired people or for people hired by wealthier members as editors. The life of the average person is already filled with all kinds tasks, taking care of their jobs, family, homes, and so on. I think we can't simply expect from everyone to vote ten times every day.
To my best understanding, correct me if I'm wrong, most of the Steem Power is held by the system or in whale accounts. I believe that the system administrators have other tasks than curating content. Also their huge voting power would result in favoring their own tastes over everyone else. Talking about whales, I can imagine that there are more interesting things to do than logging into Steemit to curate content every day if you're a multimillionaire. Oops, I'm sorry.
In summary, this would be an upstream effort that would be destined to fail for sure. And frankly, I believe that the tipping system is superior to the reward system, so I don't feel motivated to try to fix the current system. The current system will fail by design. I'll go into the mathematics of it in a separate post later.
Again, thank you for your reply and if this idea resonates with you, please share it so that we have a chance in turning around this platform, because it really has a huge upside potential, if we can turn it around!
Not that way, bbilgin, you'd stop it dead in its tracks. You'd kill it.
Reward pool abuse should be fought. First step in that direction is to acknowledge that in the whitepaper. But fighting it by cancelling the reward pool altogether is throwing away the baby with the bathwater