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RE: Why I Advise Against Linear Reward
Don't be blinded (or attempt to blind) that "large" dollars figures somehow automatically convey some more sincere or "better" intent. They don't.
I've used the term more vested interest.
The amount being 'large' doesn't inherently change anything, except maybe how YOU perceive it.
The amount matters. Different amounts will be perceived differently for people but what people value they don't want to lose.
That doesn't follow. It can apply (or not) equally to stakeholders of any size.
Could you re-phrase that?
Someone with 2 STEEM may very well be as concerned, if not more concerned, about its value dropping than someone with 1 million STEEM. Pushing all of the influence over rewards to the latter an then relying on them having 'more to lose' from the value of STEEM decreasing is nonsense that does not work, both in theory and in practice.
There is no incentive of good stewardship that scales with the size of stake, as the whitepaper suggests (as do you). It's a false model.