I don't know if the pdf still downloads, but you can read the steem white paper here.
This was the original deal.
Here is hive's.
IF you haven't read those, I can see why you might feel at a loss as to what is going on in the hive.
Some of us have coming onto 10 years of history here.
Most of us still have blank spots as to exactly how the math works.
You seem to always know where to go for the details! 😀
It is pretty interesting it has been that long. I guess my next question is, so we have the original intent of Steem, the HIVE we have today, and whatever HIVE will be one day.
I am more focused on what HIVE will be versus what Steem was or what HIVE is currently.
What do you want HIVE to be in the future?
Well, world domination is looking a little unlikely at this point.
That was a real possibility in '16 until 'they' started wrecking our reputation on purpose.
2 years of linear rewards to facilitate bid bots and pay to play while not developing anything was an effective hobble for the platform.
We must rebuild our reputation from the kneecappening in '17.
'They' did a number on our rep and it still hinders our movement in the market.
IF we can overcome that, the sky is the limit, once again.
"We must rebuild our reputation from the kneecappening in '17"
Can you expand on this some if you don't mind?
Are there like specific things we can do in terms of actions. Not saying we should do anything, just trying to get a better sense of what you would like to see.
Thanks!
In 2017, the powers that were decided that linear rewards were better than the n2.
The n2 was blown out by the ninjamine.
Rather than a level playing field, some folks had exponentially more, and when that combined with an exponential curation reward curve the results were sub-optimal.
(Upvote scalping bots also played a large role.)
Along with the linear rewards came the bidbots.
I don't guess I need to explain pay to play.
It's a crime most places.
These were intentional decisions by math experts.
To go along with this, the dev team took a two year walkabout.
When they came back and didn't find an adoring public, they sold us to the chinese.
The combination of these things I call 'the kneecappening'.
We still live with the ripples it created.
I'd like to see a cap on voting from the pool, say 1000mv.
The whale experiment proved that less whale voting created a more minnow friendly environment.
With the return of the n2, we can gamify curation like the original design intended.
Making this game worth playing, again.
Or, we can keep doing what we have been doing, but expecting a different result because this time is different.
I appreciate your perspective and you taking the time to clearly articulate your position. It does seem like over long period of time HIVE does change in some ways. It doesn't always stay consistent. And it seems like sometimes results are negative and sometimes positive.
I think I understanding better now why Steem is still so important to people to this day. Because Steem was a part of the change. Steem is a part of HIVE in some capacity. The history does matter. Maybe Steem will always be important to HIVE, and maybe that is ok and I need to get on board with that.
I wonder if there is anything whales can do now to adjust voting habits personally that will help minnows. Like should they make an effort to curate "under rewarded" authors? Is there a way for us to define an "under rewarded" author or even the kind of content that should be eligible for rewards? (I am referring to your burn posts by the way). Not trying to rile you up, but you may remember my position on those. I think rewards for those are fine. The engagement for the posts exists and there is a purpose behind the posts. I don't have to like any of them the type of content to come up with reasons why it could arguably be curated. I also know people will disagree with me on this. And that is ok. 🙂
At this point, imo, until more of the ninjamine moves into hands that haven't brought us the last almost 10 years, what we have is what we get.
Everybody wants to bitch, but nobody wants to step up.
Power is on sale, tell your friends, eh?
Were a bunch of people to come in and put large buy orders at .05, I bet the sellers wouldn't be able to resist and that is about as good as the power to price ratio can be expected to get.
I really don't think we need to go to a penny, but if so, then c'est la vie.
Something needs to give.
I am with you. I am not sure if anything "needs" to happen but there are a lot of different directions this can go. Lots of extreme scenarios are on the table and I think people will be surprised how easy it can happen if anything does in fact happen.
I don't think anyone knows what the next year or so looks like. Could be exciting? Could be wild? Or maybe nothing happens? I wish I was confident as some of the people who I know for a fact are way smarter than me. Let's see what happens 🤷♂