RE: Steembay (a bot) under attack by a wannabe AI
A solution would have been to spread votes as wide and small as possible (pharesims approach was ONE possible way of doing it). Still remains the problem of a VERY thin reference group. I think to call n² "failed" is simply not true. Even now with a mio registered accounts it seems there are not much more than 50k real people behind it. A linear voting will never have an effect of "consensus" and flags ... as much I like those... will probably never have the needed effect as they will always be seen and used as punishment => praxeology
I told Ned, when linear rewards started at the same time the whale-not-voting-project ended that there are no reliable and robust results to work with. When he then just smiled at me, telling me with a smirk that "We will know"... I, for the first time questioned the reasoning behind some decisions.
Well... I still have hope.
That's not 'a solution' it is a statement of a goal. What mechanism do you propose to accomplish that, considering the full range of possible human behavior?
Better late than never
Considering the "full range" is not that difficult. Most people will just act opportunistic, possibly inhibited more or less by their morals or an understanding of the mechanics of creating value.
In the early days I wrote a lot about my ideas/thoughts but unfortunately I was so "unimportant" that my considerations have been left unheard or ignored. I think a lot of much better people than myself have left the ship for that same reason.
I am not a fan of statements like "if only everybody had done xyz", so I just will be silent about that.
In the meantime I am not sure that STINC even knows where they are heading to. All I hear is "buzzwords" like SMTs, communities, hivemind, GUI.
I think it was paulag who made an interesting approach for an accurate estimation of "real" users. 50k if I remember well. This opposed to perhaps 100 whales of which at least half have no clue about long term market mechanics is not delivering any reliable numbers.
An image that I see quite often in my head thinking about STEEM is:
Children playing with a (very expensive) petri dish.
The main problem (even before voting) is how to manage mass adoption and account creation fees. Until that is managed, every other discussion is futile and also every thought about "failing reward curves" will have no reliable numbers and thus remain tea cup readings. ( I think and hope this is what the giant stack is for, but as there is near no communication about it, I can totally be wrong).