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RE: Steemonomics: thoughts on the inflation pool

in #steem6 years ago

There have been various suggestions on what to do with actors holding huge amount of steem power and continuously "polluting the chain", "destroying the trending page" and "reaping the reward pool" by writing posts and upvoting them just to protect their assets against inflation.

I believe the best approach is to change the model and reduce the amount of inflation. Yes, that would mean less rewards for creating content, but it would also mean that people holding large amounts of steem would probably be better off not upvoting their own content (such "abuse" does presumably cause the token and network to become less valuable).

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What I wonder is that if wider distribution happens now, will this effect happen naturally as the pool starts to decrease? The inflation rate drops 0.5% per year until it hits 1% so then there is a decreasing need to protect. This is a time issue though I guess as it takes longer than most think is a long time.

I think a better solution would be to not rely on just reward amounts to calculate whether a piece of content goes on the trending page. We don't even need to rely on the blockchain for jt. Just look at Steeve; they're developing an AI to curate Steem content. It may sound controlling but I think more but not necessarily all Steem interfaces should filter their content more.

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That would solve one out of three of the above-mentioned problems.

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