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RE: Need suggestion To Make Steemit Alive For Long Term

in #steemit • 7 years ago (edited)

I have posted a proposal for fixing those issues right here:
How to make Steem great again - The Exponential Author Reward Method

Discuss!

7 years ago in #steemit by
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     7 years ago (edited)

    An interesting idea, but I think you've identified its end result - split accounts spamming the hell out of the platform. Your proposed solution to this problem (community-driven downvote service) would have the same fate the today's effort to discourage bad actors have - the flag wars.

    But, if we could somehow prevent one person from having multiple accounts your idea would solve the problem.

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     7 years ago 

    I agree the solution is reward distribution algorithm. But wouldn't your solution incentivised censorship?
    The solution should be in sence:

    1. your vote gets rewarded if it is for quality post, the earlier the more
    2. your vote should be secret so that other people will not vote because others did
    3. you should lose power of your vote if you vote too ofter for not quality content (increasing back in time)

    Those rules would disincentivised bots because of opportunity cost and voting power costs.
    A good inspiration could be Augur since it is sort of similar problem they are solving.
    (quality post = lot of people vote for it)

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