Viewing a response to: @steemitblog/patience-with-the-hardfork-there-must-be-consensus
If the reward curve becomes linear then what's the point of holding large steem power? Can someone explain?
author | rahul.stan |
---|---|
permlink | re-steemitblog-patience-with-the-hardfork-there-must-be-consensus-20170320t160543788z |
category | hardfork-17 |
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created | 2017-03-20 16:07:30 |
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root_title | "Patience with the Hardfork - There Must Be Consensus" |
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You would have linearly more reward power instead of geometrically and when the price of steem jumps back to $1.00 because a crapton more people choose to hold any at all, you'll benefit from the price increase . What's the point of holding massive SP right now? The pool is constantly shrinking at least in part because people come here and feel disheartened when they see the HUGE cliff they have to climb for their vote to mean anything at all. Look at what happened when Dan left and the @abit started the experiment. The fact is "knowing my vote matters" makes me want to buy more but I don't have exponentially more money, so it feels good to know that even a linear amount helps a lot. There is no benefit at all in massive centralized holding of SP. All it means is that the distribution is mimicking the real world where we have 1%'rs who get to dictate the financial system to the rest of us chumps.
author | williambanks |
---|---|
permlink | re-rahulstan-re-steemitblog-patience-with-the-hardfork-there-must-be-consensus-20170320t161852103z |
category | hardfork-17 |
json_metadata | {"tags":["hardfork-17"],"users":["abit"],"app":"steemit/0.1"} |
created | 2017-03-20 16:18:54 |
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williambanks | 0 | 49,388,752,993 | 100% | ||
englishtchrivy | 0 | 62,695,191,575 | 100% | ||
giantbear | 0 | 37,421,078,979 | 100% | ||
rahul.stan | 0 | 698,765,555 | 100% | ||
businesswri | 0 | 554,850,068 | 100% |
Thanks I get it now but I still have a question. Won't it be easy to game the system by having many accounts?
author | rahul.stan |
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permlink | re-williambanks-re-rahulstan-re-steemitblog-patience-with-the-hardfork-there-must-be-consensus-20170320t162154080z |
category | hardfork-17 |
json_metadata | {"tags":["hardfork-17"],"app":"steemit/0.1"} |
created | 2017-03-20 16:23:45 |
last_update | 2017-03-20 16:23:45 |
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root_title | "Patience with the Hardfork - There Must Be Consensus" |
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williambanks | 0 | 49,388,752,993 | 100% |
No you still have the cost to acquire steem power as a significant factor. Having many accounts doesn't change this cost consideration and still provides a dilution effect, but perhaps not as extreme as the exponentiation or whatever they're calling it going on now. Furthermore, you'll get far more benefit with the "Proxy or delegate SP", than by having multiple accounts, so the incentive to do that goes away.
author | williambanks |
---|---|
permlink | re-rahulstan-re-williambanks-re-rahulstan-re-steemitblog-patience-with-the-hardfork-there-must-be-consensus-20170320t164830042z |
category | hardfork-17 |
json_metadata | {"tags":["hardfork-17"],"app":"steemit/0.1"} |
created | 2017-03-20 16:48:30 |
last_update | 2017-03-20 16:48:30 |
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root_title | "Patience with the Hardfork - There Must Be Consensus" |
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voter | weight | wgt% | rshares | pct | time |
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liondani | 0 | 1,763,129,256,533 | 100% | ||
fydel | 0 | 2,220,672,749 | 100% | ||
tradeqwik | 0 | 477,670,397,175 | 100% |