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RE: Proposing Steem Equality 0.19.0 as the Next Fork
Please write a long explanation as to why the reward was superlinear in the first place then explain why pure linear now so much better, otherwise it seems like you have absolutely no idea of what you are or were doing.
You were supposed to make a ton of research and simulation to decide on what curve to chose instead of a slightly more linear curve in HF17. Where is that research? What are the results?
I am rather new to Steem and understand the numerous benefits of a superlinear curve. I think this post need a bit more of "WE WERE TOTALLY WRONG" and "here's why".
We don't believe we were wrong with super-linear rewards, we simply underestimated the wealth gap that was caused during hyper inflation. If you had mined just one proof of work in the first month of Steem then you would have 21 mv today. That's over 10,000 SP. For a single proof of work. Hyperinflation meant that those accounts that used their stake and earned on it quickly outpaced everyone else. If the difference between between whales and minnows was closer to the difference between dolphins and minnows or even less, we probably wouldn't be having the discussion today. While there is some controversy, we have seen many positive comments regarding the whale experiment (which is how Steem might have looked if we did not have hyperinflation). We are dedicated to doing what is right for the platform that we do have, not the one we might have had.
Dan