The reward curve is super linear to solve abuse issues.
Linear voting has problems with gaming for rewards.
If we made a stairstep plan that mapped out how to up the limit on the 'experiment' that tracks increase in the market cap we can keep super linear voting, while not running off all the newbs.
We only have to do the math that ups voting limits, currently 800mv, as I understand it, with an increase in market value.
Inflation is based on market value, as it rises the reward pool grows.
At some point, I presume, we grow large enough to support super linear voting.
Maybe we don't.
Until then I think we should reduce the limit to 400mv to give yet another boost to the newbs.
Newbs are where we are gonna find our 1 million 100usd investors.
The more welcoming we make this for the newbs the quicker we can raise the voting limit.
The math can be worked out to ensure a smooth seamless transition.
Ie, when the market cap hits X voting goes to 410mv, when it goes to 2x voting goes to 430mv, etc,...
Before we gut the thing that has brought us here perhaps other options need to be explored.
If we were to also add a multiplier that adds to the weight of the incoming votes for an author based on sp, we give a reason to hodl sp.
Thanks for reading this far,...
Edit: 400mv=9600usd +/-
The more I read the more I understand the mechanism of voting, caps, steem holding and so on. Thanks @freebornangel!
Thanks for your comment, be sure to vote the witnesses that support your views.
Alright. I still need to read about this and also where to go to see all the candidates. Do you have a link for that?
The witness list is in the pull down menu on the right.
We really don't have a centralized info point for this, yet.
You'll have to contact them, and ask them.
Not all of them are reachable.
Some of them are, perhaps we can get @timcliff to put something together, he has access to a lot of them.
Alright, I will take a look and get to know them, or even some. Thanks once again!
hmmm...i see your point. i like it. the small guy has to feel it in his best interest to stay here and make this place big.
If we give the whales a map that plans out their return to full voting power maybe they will get their rich friends to get our market cap up to a point where this platform makes sense for everybody.
I see. I am still not sure how things are calculated here, so I would not know how add to your post. But, it does make sense to know how your votingpower can play out if you know how things are calculated.
Before the experiment by @abit and @smooth, among others, the minnows could go weeks without earning a dollar.
Just before hf17 my vote was giving .01usd on the interface, it has yet to return to that level.
The reason it went that high is because the whales stopped draining the reward pool.
When whales vote, minnows starve, it is just a fact of the platform.
yes, i agree with your blog.
Thank you!!
Greatness!!!
Thank you!!