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RE: Why There Is No Such Thing As "Draining The Reward Pool"
yeah well. the thing is that "drainer" - which sincerily it is a thing, although nice argument - he's not getting money, the upvotes he gets, usually from the same whales will net him more money, someone who drains today for 200$, used to drain for 1000$ when steem was 1$.
If the Steem goes up, everybody wins, but those on auto upvotes win more :)
With the ability to downvote, as was possible in the past, it would be possible to limit what might seem like obscene amounts of reward going into one post. I think it is a necessary balance to the Steemit ecosystem.
It may even be necessary to retain authors. Look at the Charlie Shrem post just recently. His post concerned the bandwagon effect that occurs everytime he posts and his sense of being over rewarded for his posts. He could decline payout, but I'm sure he feels that some reward would be nice. Just not the crazy amounts he gets at the moment. From this perspective, being able to downvote his posting, would bring some balance again.
I agree that 'draining the rewards pool' is a scarcity mindset. It comes I think from that lack of control that people feel over the process. Let's put that control back into the hands of the miserly and let them have their say. :-)
Define "obscene amounts of rewards going to one post".
That's the subjective judgement each individual would exercise by using the up/downvote. Everyone decides for themselves what 'obscene' is. Thereby feeling like control is, at least theoretically, in their hands.
If it's subjective, then it's not "correct". The term "correct" means "free from error; in accordance with fact or truth."
I'd simply say, I disagree with your definition of the value of subjectivity.
A subjective judgement can be 'true enough' for the purpose of moving forward in a pragmatic way, given an existential condition of 'not knowing'. We do what we can with the information we have. We discriminate. We make judgement calls. That is how we move past fear of the unknown and progress through a life of infinite potential for suffering and chaos. We act by instinct and conditioning. Subjectivity does not equate to incorrect. It implies a limited perspective and that is an existential condition of humanity.
We can choose for ourselves what is obscene, without being hindered by another's subjective objectivity.
I just pointed out that subjective does not equal "correct", which is the claim of people complaining about "draining the reward pool". All I'm saying is that their claim is based on false assumptions.
For what is worth, I think there is only subjectivity, because we're inherently limited. There is no universal truth that we can understand, unless we transcend our current condition.
Followed :)
That is related to the second dimension of this thought train, the philosophical one, which I will try to address in an article later today or tomorrow.
From an economical point of view, though, the value of the rewards pool is not fixed, and it cannot be "drained". It's variable and we have some control over it.
I generally call "draining" a post that has no value whatsoever for anyone but it' s upvoted undiscriminately by the same whale. That is draining because this person is not looking at good post to upvote but votes "his guy". His guy takes the money and runs. If you think: well, that's legal right? It is, but it hurts us all.
But, if you allow me, I could write a post about the philosophical "draining" as well, from a different perspective :D
Of course I allow you :) You don't even need me to allow you anything, it's a free world. I'd be curious to see your perspective.
As for my perspective, it stems from one simple understanding: life is not fair, because fair is entirely subjective, and different from person to person. Will elaborate later on in my post.
Looking forward to that post!!! :) love that the comments (once again my favorite interaction!!!) brought about further discussion :)
I can't wait to read BOTH of your posts about it!!!! Following you to make sure I don't miss it :)