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RE: 100 Steem Bounty: What is the solution to a lack of SMT development? by smooth

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Viewing a response to: @hr1/re-smooth-re-thedarkhorse-re-knircky-bounty-what-is-the-solution-to-a-lack-of-smt-development-20181210t164147813z

· @smooth ·
I welcome new tools and initiatives but I don't think most of this issue can be addressed without changing the core incentivization model that is built into the blockchain.
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@hr1 ·
Why is that? Where do you think is the problem with curation or what do you think would have to change?

<sub>Posted using [Steeve](https://www.steeve.app/@steeveapp), an AI-powered Steem interface</sub>
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@smooth · (edited)
The incentives for self-voting and vote selling are too strong. Without addressing this, much of the inflation as 'wasted' and we end up with the perceptional and market disadvantages of high inflation without the benefits of a large treasury going to uses that actually help improve and grow Steem. Community initiatives (that I've seen so far) can only address this to a relatively small extent around the edges but don't get at the core issue.
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@hr1 ·
You're right, self-voting incentives are too high and it's a big problem. On the other hand, curation never really worked even before the introduction of linear reward curve and consequent spread of self-voting.

So even fixing this wouldn't fix curation. For that, I argue, you need 1) better content discovery, so that people are able to actually find the good content even from unknown authors - this is a necessary condition for curation which has never been satisfied on Steem. Without it it's just circle jerking of known authors who have no competition and thus no incentive to continue writing good content 2) start rewarding the good content, not just good authors - this will incentivize both the creation and curation.

<sub>Posted using [Steeve](https://www.steeve.app/@steeveapp), an AI-powered Steem interface</sub>
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