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RE: EIP FAQ

in #steem • 5 years ago

Did anyone consider the previous failure of 50-50 author-curator rewards?

I'm guessing that past actions is not an indicator that this "new" change is likely to fail again?

I'm not trying to be a jerk, but trying to understand how changing from a "broken system" to a "previously broken system" is a step forward?

5 years ago in #steem by
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     5 years ago  

    I wasn't around for the previous 50/50 but my understanding is it was changed arbitrarily

    Back in Steem's infancy, we had

    1. 100% hyperinflation - total currency supply effectively increasing a million fold after 30 years
    2. n^2 curve - someone with 1000 times your stake gets a vote 1,000,000 times your weight

    It would have had severe problems but it was unlikely due to the 50/50. As you can see, the rest of the package is entirely different from those extreme measures.