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RE: Forum steem

in #tokenbb6 years ago (edited)

Reply to 50% Author / 50% Curator Rewards Changes


Is it possible to game this new system with multiple accounts ie author and curator accounts belonging to the same person, and what about the issue of making Steem a place of back door deals and begging whales for votes rather than just paying to promote your own content?

This is already possible in the current enviornment, so it is a none issue. "Back door deals" is just another way of paying for votes not very different from promotion services from an economic standpoint.

Some businesses and apps may be affected, especially if they are fundraising platforms like Fundition and Utopian. Publishing houses will find it more difficult to setup shop on Steem because they have less share of rewards to give to their writers, it also affects frontends that rely on beneficiary rewards.

This is a legitimate argument against the 50/50 split. How many businesses are currently built around the 75/25 structure? From that list how many of them create demand for steem (in a way that can be measured) and are not just here to milk the reward pool?

I am for the EIP as a whole from a game theory perspective. You cannot isolate the 50/50 split from the other components of the proposal.

  • The proposed curve is an economic incentive that mitigates sybil attacks from botnets that utilize small accounts to milk the reward pool.
  • The free downvote portion provides an additional tool to combat abuse.
  • The 50/50 split removes incentives from posting in favor of voting. If you combine this with the fact that holding SP gives you "interest" it makes spaming for self votes less attractive instead of going down the path of least resistance (voting for rewards).

If some big accounts start to use the "free" downvotes to counter the most notorious self voters that abuse the system it will leave more rewards for legitimate users (which would mitigate the reduction in author rewards from 75/25 to 50/50). In my opinion that would be the most important test to gauge the effectiveness of the EIP (if approved).


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