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RE: Steem experiment: Burn post #1

in #steem7 years ago

While you can vote on one thing or another thing, voting on things you have a pretty good expectation of being valuable does increase the curation reward. In that sense, this experiment does create an incentive for people to participate purely for the curation rewards, but I guess the same can be said for voting up any other popular author with a history of high value posts.

I wonder if the inflated price of SBD is being done specifically to inflate the rewards pool for the advantage of those earning through the rewards pool. In a way, inflating the SBD price may push the opposite experiment of what is happening with this post by giving more value out as a way to fix lopsided initial distribution concerns. I'm personally not too concerned about it because all of that SBD is still only convertible to STEEM at the $1 price and because few would do that now anyway. You make a good point that a larger rewards pool doesn't automatically mean it will be distributed fairly. It could, as you said, cause even more unequal distribution.

Maybe more visibility via tools like this may be helpful: https://steemdb.com/labs/author

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but I guess the same can be said for voting up any other popular author with a history of high value posts

Exactly. There is another effect too. The more of these posts there are, the less each one is worth, meaning smaller "windfall" curation rewards to those few voters who are in early, and more opportunities to be early on reliable posts (which in turn tends to spread out curation rewards more widely). There are a lot of zero-sum (in the short term) aspects of the reward pool that end up being self-balancing.

I wonder if the inflated price of SBD is being done specifically to inflate the rewards pool for the advantage of those earning through the rewards pool

Interesting possibility. I personally doubt it and think it is just speculation on a token that, to the extent it is already well above $1 becomes somewhat free-floating ($1 is too far away to matter). But I don't rule out other possibilities.

You're so nice for commenting on this post. For that, I gave you a vote! I just ask for a Follow in return!

Flagging for comment spam.

You say people have their head in the sand because they won't flag things and then you go on irrational flag retaliations if someone even talks about flagging you. On top of that, you won't even have a civil discussion about it.

This flagging aspect of Steem is very divisive and negative. Look how it ends up with you two fighting each other and making noise which makes Steem look bad to readers.

There’s a much better way which would convert differing perspectives into more degrees-of-freedom rather than force everyone into the same basket where they’re induced to battle. It will be known as algorithmic decentralized curation and my project will be the first to bring that to the market, not Steem and not EOS.

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