In order to realign incentives and discourage individuals from simply voting for themselves, money must be distributed in a nonlinear manner.

Which implies that Self voting is a losing strategy if curve is non-linear

But then... if we just look at what happens under n^x with x>1 reward schemes, we realize that actually, if everyone self-votes, then this statement is false. It's true for the minnows who have less than the 'average stake', but it's false for all the whales who will earn more than under linear rewards. So 1. False

Under linear rewards, if everyone self-votes and we ignore witness rewards, STEEM's distribution becomes similar to a 100% PoS system like many others, which is arguably more fair (self-voting is only a break-even strategy, not a winning one).

I believe the way everyone thinks about this issue to be biased by steemit developers. The way STEEM has been coded makes the need for a 'reward curve'. What if we just changed the distribution algorithm in the first place instead of wanting to change the 'curve' that plugs into the existing algorithm?

reposted comment because first one downvoted by facists