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RE: Why I Advise Against Linear Reward

in #steem6 years ago

Again, I'm just playing devil's advocate here. I have taken no sides in the debate of what should be implemented and changed on the blockchain.

Let me continue that role by saying this: nathanmars is doing incredible work and there are a few others like him who are empowering fellow creators like yourself, however: that is not a scalable model.

What you're hoping for is a perfect world where people who have abundance are willing to share that abundance with others. I wish it were otherwise, but it simply is not human nature to act in accordance to those principles.

The ecosystem will not grow (in my opinion) to the scale that we all want to see it grow to through actions like those. Yes, they are highly beneficial on the micro level and I hope that more people stand up and do similar initiatives, but it is simply to big of an ask to get people on board with those kinds of activities.

Thus, you run yourself back to the initial idea of Steem and upvoting --> the idea behind the Steem ecosystem and the rewards pool and what not was all designed for people to spread their upvotes to others to both reward themselves (through curation) as well as to reward their fellow humans.

Believe me - if you can incentivize people to reward themselves AND reward fellow creators, then my friend, you are in business!

You don't have to believe me though, you can see how this all played out on the Steem blockchain in its current state: are the majority of people self-voting and delegating to bots or are they acting against their own interests and delegating SP at no profitability to creators such as yourself? The answer is obvious, I'm afraid.

Again, I don't know if setting a 50/50 split would solve these issues and I actually believe that it wouldn't - only that it is a worthwhile pursuit to at least consider the possibilities and run tests and experiments.

Now, I'll give you my person position --> I believe that SMTs will fragment the Steem blockchain into a bunch of smaller communities which will serve to solve the issues of incentivizing people to both earn the maximum reward for themselves while simultaneously rewarding their fellow creators. I just wrote a post on this exact idea, if you want to give it a read.

Again, I'm totally with you and I wish the world were as we hoped it would be - everyone helps each other in a completely selfless way and we all rise to the top together, but we unfortunately do not have such a perfect world.

That's why I believe these smaller communities will form with their own economic models that will far exceed anything like what we see now happening on the blockchain ---> that is how we scale the unscalable: by bringing the macro back down to the micro level!!!

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Thx for a good reply,

"Let me continue that role by saying this: nathanmars is doing incredible work and there are a few others like him who are empowering fellow creators like yourself, however: that is not a scalable model."

Well it is actually scalable. Empower people and magic happens in the long run. Investing in others is a scalable model. History has proven that the last 100 years.

"What you're hoping for is a perfect world where people who have abundance are willing to share that abundance with others. I wish it were otherwise, but it simply is not human nature to act in accordance to those principles."

If you take a look the last 100 years you can again see that abundance has gone up. And people are sharing it. Most places that have a more capitalist approach and not socialist approach are creating massive freedom. Life is still competition though.

"Believe me - if you can incentivize people to reward themselves AND reward fellow creators, then my friend, you are in business!"

Content creators are already doing this on the Steem Blockchain. And it works.

Well I'm with you that I think experiments will be done with Smart Media Tokens. And that it will create all kinds of results