I understand your points and I think they make sense but I don’t actually understand the point of debating whether or not Delegated Proof of Stake, therefore stake based voting, is something Steem should do away with. I am saying it’s what STEEM is at its core. Not “if you don’t like it go somewhere else” more “you came to a DPOS platform, you can’t expect for it to be anything different than a DPOS platform.
This is why communities are so needed. Anyone can make their own economic policy and distribution etc through communities and SMTs while still being on the Steem chain.
I just think we tried it and its not working, that's essentially what I am saying. So, I am suggesting that we refocus toward an RC market incentive for investors and let the crowd employ the "wisdom of the crowd" approach for all content. It would be better than letting the ship sink in my opinion.
Lots of money in it too, think about how rich you are in RCs. Most people with even a small amount of SP have more resource credits than they need in a day. In the economic model I'm suggesting a community founder would have to rent your RCs from you in a dlease.io like site in order for this late arriver to Steem to be able to provide Steem access to his community members. Investors would love that idea, as they do with EOS. Its turning Steem integration into the shiny new thing that all community founders just got to have.
Oh, this community doesn't have Steem integrated? What a dump! I'm out...
Its the best of both worlds, because the stakers would become much like miners in this system, reaping the passive profits they want and providing a high SBD reward value due to all the money the whales have locked up in the network. In fact, EOS even markets this idea and tells people in its Coinbase course that owning just 1 EOS could in the future be enough to receive "space rent" from a dev team or entrepreneur.
That should be Steem's move toward communities, and it would even allow the users in those communities to feel the system is much more fair, because their votes would be relatively similar in value. In this version of Steem, RCs would be something the average user never even thinks about, because it would be like servers, just something the site administrators deal with. Do that and drop the inflation rate in half and you'll see the investors FOMO right on in...
Its not a wild idea, its exactly what EOS is doing right now and it is attractive to investors. Also, if you think carefully about the SMT concept, Steemit Inc.'s plan kind of is what I am suggesting, only, I am going as far as saying we should de-couple the reward pool from SP and not care about SMTS. The SMTs are nice and would be profitable to STEEM holders, but 90%+ of SMTS are going to be a joke and Steem Engine is already rocking that side of things. STEEM is where it is at, and its STEEM that communities will really want to earn because its universal currency.
I think he is a saying there could be a hi-bred approach like stake weighted voting at the level of Witnesses and Management.
Without allowing those with huge amounts of stake to control the content.
While I don't think that will ever happen with Steem, some of the SMT and community sites might take that approach. I happen to agree that our distibution combined with DPOS is a huge problem with wisdom of the crowd type curation, there is no crowd. There are a handful of account that can take something to the top of the curve or knock them out of visibility and they don't represent a middle line.
Agreed though, it is unlikely to happen, I don't mind that it gets brought up because there are ways to mitigate our distribution issues, even if we don't choose to implement them.
In fact although Palnet's distribution is still wanky, they at least don't have nearly the distribution problems Steem does and while it is still imperfect, it feel it has a better chance of succeeding than Steem based content sites.