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RE: How to Solve the Reward Pool Abuse Problem Once and For All
Glad to see such discussions underway. A daily reward cap on the percentage of the reward pool that any one account could receive may help the problem.
If you are interested to form a voting block to lobby such issues with the Witnesses then have a look at a recent post of mine. Your feedback would be most welcome.
I'm not a proponent of this approach, @novacadian. Once you put a daily cap on what an account could receive, you are introducing two problems.
Guaranteed abuse. People will circumvent the cap by creating multiple fake accounts. You will be punishing only the honest users.
Loss of talent. People who value their time more than your daily cap will simply not participate in Steemit or limit their time on it. I guess the original idea was $250 USD / day. I strongly believe that there shouldn't be any cap on the daily rewards, so that everybody does their best, because they think the sky is the limit and they can make thousands of dollars every day if they did their best. The challenge is how to incentivize people to do that in an ethical, moral way. I think the tipping system is a way to do that.
Thank you for the link. I'm going to check it.