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RE: Improving the Economics of Steem: A Community Proposal

in #steem5 years ago

They won't need to
the idea is to have the current bid botters become curation services that'll compete over better curation which should at least have a semblance of representing the contents appeal rather than none at all, leading to the dumpster of a front page we have now

SMTs may be here soon but it'll likely take forever (assuming we even survive for much longer) for any of them to get to a point where they'll command enough value and market confidence to test economic behavior. The implementation for these changes is relatively trivial (a week or so) and won't really affect SMT releases. But I don't think SMTs will be able to carry us out of this mess. I'm not that optimistic that I think they can mitigate the failure of the base economy

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And you think flags/downvotes will be used responsibly or reasonably when they are free?