RE: Steem Witness Forum: @jesta, @good-karma, @roelandp, @aggroed, @anyx, @ausbitbank, @lukestokes, @someguy123, @followbtcnews
It is great that you have all these high level witnesses coming together, when great minds collaborate a lot can happen. With that being said, there is a lot that needs to happen in order to secure the long term sustainability of the platform.
One thing I really want to see addressed is the reward pool abuse issue. There are lots of users who currently take advantage of it, and the numbers are only going to continue to grow until something is done. You have people like @haejin posting 9 times a day and taking several thousand dollars out of the reward pool. You have guys like @berniesanders attempting to address it, but his demeanor and ways of going about it are futile. We really need a solution for this, as no one user should be able to siphon this much out of the reward pool daily.
One potential solution was brought up by @ura-soul in his post about Generosity ranking. This is just one idea, but it is a good starting point on how we can address this issue.
When new users, or even long term minnows see how easily some people drain the rewards while they cannot get any visibility it is disheartening and slows the growth of the platform, one of the biggest obstacles we face going forward.
upvoted for visibility.
There's a number of good options that would help to address the issues with reward pool inequalities:
Both of the above could lead to other problems, such as people creating multiple accounts in order to get around the limitiations... But it's a decent starting point.
Other ideas?
Your arbitrary attempts to control how people use their stake are pointless in the face of sock-puppets.
Reading your many replies into what appears to be the rotten underbelly of Steemit practices is acutely depressing. But thank you for getting to the gist of it.
Upvote count is vulnerable to a sybil attack and is a meaningless figure. Views are non-consensus and cannot be used to calculate rewards.
Bots are run by humans. Even if it were technically possible to distinguish bot actions (it's not), they are acting out the wishes of a human operator. This would be unfair.
Visibility of posts is one of the main issues currently. Right now you get visibility by either having thousands of followers, or by getting to the trending page. So pretty much the same group of people get most visibility (and hence most rewards). Both these ways of getting visibility are positive feedback loops - the more SP you have, the more easily you get to the trending page and the more SP this makes you. And the more following you have, the easier you get to the trending page and others resteeming your posts, so the more followers you make.
You can see how this leads to power/influence/rewards being concentrated into the hands of a limited group of people. The more you have, the easier it is to get more.
It's a problem with all cryptocurrencies (that I know of). There is lots of talk in the crypto world about the blockchain revolution being "the greatest redistribution of wealth". As I understand things, wealth will consolidate into a new limited group of people very quickly. So, the way to solve that problem is not by redistributing wealth, it's by designing a system that removes the problem.
So here are some potential solutions (or directions to look into):
I would not suggest Steemit, Inc. disposing of its massive SP stake yet. The platform is still too vulnerable to abuse, and someone could even overtake it. The platform has to show that it can solve its problems on its own before it's left solving its problems on its own.
Some good ideas here. We need more open discussions where the ideas can be brainstormed and the issue addressed because it is definitely plaguing the community
My post above is a perfect example of why the reward pool needs an overhaul.
That comment took me maybe 5 minutes, and somehow earned me $40+ in Steem Rewards. Why is it so valuable? What makes it a $40 idea? The ideas are good, but they're not that unique, and they're not well thought out.
Meanwhile I've written detailed posts on a number of subjects where I've spent literally hours and have been rewarded with pennies for my efforts.
I concur with your post and remind the Witnesses of what was warned in the Steem White Paper: "Any imbalance in the give and take within a community is unsustainable."
This imbalance is evident by the suppressed valuation of steem relative to numerous other blockchain projects which it had a multi-year head start on, as well as the flag wars that are now rampant throughout the platform, with some whales self-policing via arbitrarily defined rules that are not built into the very framework of Steemit itself; its systemic problems necessitate systemic solutions.
Yep. The unwritten rules, to the extent fair, need to be codified, so that we all know what game we are playing and all have notice of the rules that we should be abiding by!
It's evident that the written rules of the system are broken and a rework is needed. The fact that Steemit Inc is burying its head in the sand and not dealing with it is a shame. They can tout smart media tokens all they want, but the reality is that until SMTs are released, this platform is the primary proof of concept of the steem blockchain. As tainted as Steemit is, steem cannot grow out from underneath the mess that it is.
Everything is fixable, I wouldn't lose faith
According to Dan, the co-founder of this platform, Steemit is not fixable unless a pitch fork is done.
A fork is indeed a solution to most problems - as long as everybody agrees to it.
"When new users, or even long term minnows see how easily some people drain the rewards while they cannot get any visibility it is disheartening and slows the growth of the platform, one of the biggest obstacles we face going forward." - Precisely, this is a serious issue that needs to be sorted out and the sooner, the better. I am one of those long term minnows and I have noticed how difficult it is to gain the visibility I need in order to generate a decent reward for my efforts.
Abusing the platform and reward pool hurts us smaller accounts and we are here for the same reasons everyone else is, to grow a community, express ourselves and hopefully be rewarded. I do my best to promote the site but with this kind of activity ongoing it's going to be ever increasingly difficult for new people to truly become interested and if they do join, they'll leave when they don't see much coming from their investments.
We could use an Ethics Ranking as well but the problem is .... who gets to decide what is ethical and what is not. It is so subjective. The rewards pool issue is serious one and will not be an easy task to resolve.
I hope this is an issue tackled early in the Steemit beta. This abuse cannot go into what would be the final release of Steemit.
Indeed. Those least deserving of the ability to police, such as Grumpy, will be those most doing so.
Code Is Law.
https://steemit.com/steem/@lexiconical/code-is-law-only-when-i-want-otherwise-it-s-abuse-the-shaming-syndicate-of-steemit-our-own-brand-of-sjws-and-social-repression
Very true been here awhile only ever get 6 upvotes and barely any comments on my article
Agreed my man!
Thank you for posting
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yeah it is definitely a subjective matter. I think a democratic vote among he witnesses would be a good solution. As the top witnesses have a lot of time and money invested in the success of the platform, I think they are in a good position to brainstorm and come up with a solution that benefits the large majority
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I am hoping to be there, i think this will be great @aggroed you always seem busy sir each time i try to chat you up.
This will be effective to connect to such grrat minds and tap from their knowledge thank you for organsing such a project.
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