RE: Steemit Winter Update: 2017 reflection, our Vision Statement and Mission, and a look forward
Thank you for your answer. I sincerely appreciate it. I also very much appreciate Steemit's overall performance and work. Short comings an challenges are and integral part of any projects.
Just to be clear, I know we are both trying to do our best. We both have a lot invested in its success.
N^2 failed at highlighting content quality content too. It’s biased to the same group at the top, who aren’t or don’t want to be editors/curators of the trending page.
It's bias toward those who have the most to lose or gain from the success of Steem while linear is bias toward those who self upvote the most at the expense of everyone else.
The original whitepaper states:
In order to realign incentives and discourage individuals from simply voting for themselves, money must be distributed in a nonlinear manner.
The reason why Steem was designed with nonlinear reward can be read in the whitepaper under the quote I just mentioned. Why nonlinear is better for content quality is also stated.
When self vote is the most profitable strategy, voting for quality content is always at the expense of the voters.
Yes I also wrote in the paper it “is an experiment...”, and we have learned much since then.
I understand. We'll see how it goes from here.