RE: 100 Steem Bounty: What is the solution to a lack of SMT development?

[therealwolf]

Well, inflation is kind of a debt, meaning it does reduce the value of the previous tokens. If developers would be given tokens, which in return strengthen the ecosystem and increase the value of Steem, then this would be a positive return, instead of rewards being sold by cat-sharing bloggers (extreme example).

The biggest issue right now is that the reward pool is dysfunctional and a huge and increasing portion of it is going to nothing but SP holders voting for self-enrichment.

But stakeholders are the ones having their money staked in a system. I do agree that the reward pool needs a downvote pool to make sure the rewards are given to the right people/content, but I don't think it's worse to give rewards to stakeholders instead of people who have no stake, post subjective content which is often times of no real value and then sell it.

Comments

[smooth]

If developers would be given tokens, which in return strengthen the ecosystem and increase the value of Steem, then this would be a positive return, instead of rewards being sold by cat-sharing bloggers (extreme example).

I'm a bit confused. This is exactly what I was suggesting. Perhaps you are agreeing?

I don't think it's worse to give rewards to stakeholders instead of people who have no stake, post subjective content which is often times of no real value and then sell

Nobody wants that except maybe the people posting the cat pictures. But as I said less and less of it is even going to that, at the cost also not going to developers.

[therealwolf]

I'm a bit confused. This is exactly what I was suggesting. Perhaps you are agreeing?

Yes, you're right. We agree on it! :)

Nobody wants that except maybe the people posting the cat pictures. But as I said less and less of it is even going to that, at the cost also not going to developers.

That's sadly true - not that many developers are on Steem, but I've got faith in utopian v2 bringing more devs to Steem to help shift the weight.

[rantar]

Thanks for bringing up the downvote pool. I hadn't thought about that for a while, but I can certain see the benefit of a separate pool.

[freddio]

do you think a downvotepool makes sense? I think the way a downvote pool can get abused, has the power to destroy steem.

Think about a voting service with downvotes ( or some big holders play censorship, with stuff they dont like) .

In my opinion 75% currator /25 author is way better.

2 Reasons: Holder need to spend money for steem.

Holder need to read allot of stuff before he find high quality content.

In my opinion it is way more work to find good stuff as to write.

And as a side effect less holders think about "they loss money" if there upvote some stuff.

I have post about some days ago here: https://steemit.com/steemit/@freddio/author-coin-the-solution

And about cat pics,

I think as a social Media platform, people should post about what there like.

For sure it sucks, if a cat pic has 100$ rewards, but i think a Blacklist and remove bought votes should be way better.

[freebornangel]

but I don't think it's worse to give rewards to stakeholders instead of people who have no stake,

Kinda puts the lie to 'spreading the coin to the most people', huh?