RE: EIP FAQ by trafalgar

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steem · @trafalgar · May 30 '19

Basically this platform is completely broken due to badly aligned economic rules. It couldn't get much worse than right now unless you actively tried.

By introducing a series of measures, we can better align individual profit maximizing behavior with honest voting. But these measures themselves have downsides so we have to be careful not to crank the dial up too much.

If we get the dosage just right, we'll hopefully get a working content discovery and rewards platform with minimal or at least tolerable negative side effects. There's just a lot more to gain than to lose.

👍 skramatters, yourmaker, mys

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@skramatters · May 30 '19 (edited)

Agreed, does the option to have the content creator choose the percentage of curation complicate matters further or is that an absurd idea?  I would assume it would create a ton of data and appeals to me as it gives me the freedom to experiment within freedom's experimental ecosystem..

I want to also add how impactful temporary delegations could quickly improve a small accounts stake that manually curates.. In 7 months I've made 7 sp curating, if a whale delegated to me for a month I would vastly increase my earning potential. This seems like a positive aspect I think that's not been seen from the redfish lens. As it stands I give two fucks about curating as its pointless except to support what I enjoy. That's the point of social media

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@trafalgar · May 30 '19

Curation slider will likely just encourage big stakers to pile onto posts that offer 100% curation (effectively self voting). It's a complicated economic subject because ultimately, a secondary market can circumvent most (all?) primary rules, but I'm somewhat against this one overall.

A delegation market will still exist, but it'll be quite different after the dust has settled under the EIP. Delegations will likely be cheaper as it doesn't have to price in self voting/vote laundering.

👍 yourmaker, mys

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@skramatters · May 30 '19

That all makes sense... Thx

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