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RE: Help Fix Steem's Economy!

in #steem6 years ago (edited)

people need to fear the term 'superlinear' less, we're suffering from n^2 PTSD
as smooth pointed out, even having a dust threshold is some form of superlinear

slight superlinearity can be something as mild as a straight line to a point, say around $5, then another straight line with a higher gradient after that. What this will do is make hiding your vote farming/self votes under a certain value very unprofitable, and you might as well make more by curating (50%). It's a leak we'll have to plug one day in an otherwise working economy

there's no need to hide your vote farming now because the economy is broken and our entire ship is submerged underwater. But once we patch her up, sooner or later we'll have to consider it

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a 50/50 split would do shit.

its gonna make lower content creators like me leave, and give incentive to bot makers the more.

dont try to fix a problem by cutting the head off.

50/50? thats death to a lot of communities, heck, it would just mean that more people delegate to bots, since they have the highest SP here and they get paid higher for their delegation since bots get a lot from curation reward

not to mention, it would not affect the fact that I can open alt accounts and still pull all rewards to myself.
steemit inc should create an account or group of accs that's officially for promoting posts and all these bots makes should be kicked off

I still think that posts that are heavily botted would actually benefit despite the 50/50 split because they would stack more and more paid votes onto a post to take advantage of that slight superlinearity.

But it is beta, I'm game for trying anything. That's what this phase should be about

Perhaps the promoted functionality of Steem should be developed out? People shouldn't have to use bots for advertising. It should be built in.

People aren't really using those bots for advertising you know. Mostly the bot votes nearly pay for themselves. Occasionally they are even at a net profit (negative advertising "cost"). Its advertising in a very, very vague sense, but cheap/free advertising.

The reason those bots exist is that every paid vote funnels rewards out of the reward pool and back to the bot (mostly back to the delegators). It's mostly a scheme to disguise and automate self-voting.

But there's no profit in using the bots, though. The only advantage you get is the potential whale vote you can get by having your post visible on the trending page.

That's not true. I bought votes daily for burnpost and sometimes they were net profitable. Not usually, but occasionally. Mostly they are break even or a small negative which as you say can be viewed as advertising but it isn't the total amount paid for the vote that is advertising or anything close, it is a tiny fraction.

I world be much happier if the promoted feature worked somehow so that there was visibility over that which was promoted

it's not the most necessary part for now

it's only problem in an otherwise working economy where most rewards are going to half decent content that people will try to hide their vote farming by spamming 10-50c posts over hundreds of accounts etc. as this would likely beat out curation in returns

but we can worry about that once we get to a better economy. 50% curation and extra downvotes are essential, although I think 100% separate downvote pool is far too excessive

but really, anything is better than what we have right now unless you actively try to screw things up

Agreed, anything is better than nothing.