RE: How to Solve Fake News with Proof of Consensus and Blockchains
The major difference is that collectively the “masses” of small accounts can and will add up to more influence than any individual oligarch.
But is that really the case with Steem as it exists today? How many low SP votes does it take to equal a high SP vote? I understand every system has trade-offs and Sybil Attacks need to be defended against, but I also think we should be up front about the current Steem Power distribution not being what we may like it to be to better support this point you made. If Steem Power was more widely distributed, this would be more true. Maybe a falling price with more people powering down will eventually lead to an equilibrium point where new buyers see the value to jump in... Time will tell. So far, I'm seeing the ratio of people sending Steem to exchanges compared to those taking it off an exchange at 5.51 to 1 as of my last weekly exchange transfer report. Wouldn't that ratio have to change in order to see more new people powering up, leading to a wider distribution?
As always, great write up, Dan. I always enjoy these peeks into your ideas.
the ability of steem to distribute itself without investment of money from those who cant afford to spend money, but can afford to invest time, this is like a tree that grows in the wild, with no need for fertilizer, pesticides, or human interaction, time is more valuable than money in nature, steem is using time to grow itself naturally... to be more decentralized, all that steem requires is time
I really love how you putted it. This is inspiring me, a lot.
The distribution of funds is spreading out. I would withhold judgement based upon todays allocation and wait to see how it plays out. Transaction censorship isn't really a problem when a system is young and looking to grow.
I wouldn't spend so much time here if I didn't have a level of confidence it will play out well over a long enough time frame. :)
That said, we're not there yet. We might as well admit that and be honest with ourselves and others about the current distribution. We don't yet know how long the "playing out" will be. Could be a couple years. Could be... longer. It all depends on how many people are willing to invest and how quickly they do so.
Thinking about transaction censorship as a problem which only really matters once you've grown big enough for it to matter is an interesting perspective I'll ponder on some more.
the upcoming steemit roadmap will address the distribution issue, that's what I heard, I also heard the roadmap could be released before christmas
I think it would be on the first day of 2017 :) but probably a bad time to do so since people are probably out celebrating.
Or recovering from celebrating :)