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RE: The Incentives of Steemit - Part 1 Unitentended Consequences
"How do you build a system where the best content rises to the top, and the worst content is ignored?"
Standardizing subjective behavior/perspective is just not possible: some people value memes more than 1000-word posts, and vice versa.
Exactly, so what happens in that environment? People seek out the easiest way to grab a piece of the rewards pool instead of striving to create the best content.
More in Part 2 - and probably Part 3
Communities with like interests are the key, i think. Also, education on how everything really works. Like the. 02 minimum vote burn rule. anything less is not paid out. That should be told to you during account set up describing payout system. It took me over a month to get to 100 percent voting power. Would have been quicker if i realized most my votes didn't financially benefit those i voted for.