Well, good luck with this. I’ve been calling for two of the three things mentioned here since early 2017. But it’s not part of STINC’s grand plan (and we don’t know what that is), so it’s not likely to happen. All anyone wants to talk about is how SMTs will fix everything.
In my opinion, SMTs will only trash this place up at a faster pace.
I also think that maybe social media interaction isn’t something that needs to be a paid activity...since nearly everyone does it for free anyway. It’s a fun idea, but I don’t believe that it’s at all attractive for actual investors. We may need a better model - a better way to allocate the inflation tokens. And yes, maybe reducing the number of them again is a good idea as well, since there’s very little utility for SP...other than for “curation” (allocating inflation tokens), witness voting (allocating inflation tokens), and then simply collecting inflation tokens.
Allocation of inflated tokens isn’t the end game here, is it?
Well, at least the bots are waiting to utilize them since the actual humans have left.
Yes it's not the end game, although I guess the protocol should at least be in favor of getting the inflation allocated better than what we can today as soon as possible..
It's either that or turn (most of) it off and pivot to selling the blockchain on its non-reward merits. At the moment the reward system isn't much of a merit anyway.
I think content and reward are huge merits over plenty of the other blockchains out there with similar tx times / fees as well, for example Nano which is close to Steem. Just has to be done right I guess. It's a bit of a mixed message, but likely doable (marketing both its non-reward and reward merits). Steemit being at #2000 still counts as something. Bit of a missed opportunity to get it within #500 in the early stage but maybe still not too late.
I'm not disagreeing. I'm just saying that a dysfunctional content and reward system is the worst outcome. All of the costs with minimal or no benefits. This isn't the end game either, if we don't change the incentives. The dysfunction will continue and it will only continue to get worse.
Yup, understood. Nothing can be worse than the current situation. Looks good short-term, but worst outcome in the long-term. If Steem ultimately can't work on its content/reward merit even after the proposed changes, along with content-based SMTs, do you think it's still able to stand out well enough compared to the rest? I still haven't put much thought to that version of Steem.
I don't know.