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RE: Does Steem have a Tragedy of the Commons dynamic?

in #economics3 years ago

I definitely agree in part that there is a tragedy of the commons. I find bots problematic since, as their name implies, are automatic. I don't know how they should be "regulated", if at all, but they are certainly a nuisance

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As I noted in the post, I'm not opposed to bots, in general. Also, they're basically unavoidable on a permissionless blockchain, so (IMO) the best we can do is try to figure out the best "division of labor" between bots and humans.

The thing that really puzzles me about today's bidbots is why competition doesn't seem to be forcing them to improve. It seems like we've been stuck on generation 1 for some years now.

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