As much as I hate to see whales throwing their weight around and smashing the little guys....they do have a point. Remember Whaleshares? The fork that had potential, but they had no flags and guys like Haejin just raped it to death. Remember Haejin? He's not here any more.....
I was against the free downvotes when it was proposed and implemented, but I've come around. Sure they can be mis-used but I do think the place is better for the change.
I highly doubt Whaleshares failed because they didn't have downvotes.
Many people just assume that is the case.
Again, compare it to DEFI.
Does DEFI fail because farmers don't share their rewards?
Of course not.
There is a very real chance that downvotes cause more harm than good.
Personally I was also against free downvotes and have since come around.
But we should aware that it could be far more damaging than we realize.
I was there for a while. I left because I could see Haejin quickly self-voting him into the #1 stakeholder position and a bunch of clowns were following suit with rubbish "placeholder" type posts.
Having participated and witnessed it all first hand, I'm pretty confident it was a major contributing factor. It certainly was the reason I left - I saw no future in it.
DEFI is a different model. The inflation model here is supposed to be distributed to people who add value to the platform with good content or whatever.
Exactly, so it is simply a matter of perception that downvotes are important.
They aren't.
'Because the whitepaper said so' is not a good reason.
We could just as easily say, "Okay we're doing yield farming now!"
It wouldn't be a big deal.
If I was in charge around here I'm not sure if I would remove downvotes,
but I certainly would take a more aggressive stance against all the liberal downvotes from huge accounts.
It'd be a big deal for me and I'd be outta here pretty quick.
If I wanted to do yield farming I'd be doing it on STEEM or some other DEFI platform.