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RE: Steem - Can the SBDpotato initiative really fix the SBD peg?

in #steem5 years ago (edited)

The way I look at it, the SBD peg mechanic has proven to be just fundamentally broken similar to how the entire idea of crypto reward upvote blogging and 'honest curation' to get the best content on top simply doesn't work. The more I think about it, the more I'm leaning toward the only solution to save this platform is to remove the reward pool as we know it and make it purely into a proof-of-stake algorithm where tips along with possibly advertisement revenue shares make up for the post values.

The main rule should be that code is law and that code needs to work. This is clearly not the case for SBD or for the upvote system. Steemmonsters is pretty much the only things on Steem that gets it all right.

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There is a ton of truth to that... and it may be the way we end up going.

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