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RE: Improving the Economics of Steem: A Community Proposal

in #steem5 years ago

I also greatly anticipate MIRA because I am a huge advocate of decentralization, and reducing the cost of plying nodes promises to advance that cause on behalf of Steem.

I've tried to advance a basic concept of investment: capital gains is the reward for increasing the value of the investment vehicle. Extracting rewards does the opposite and is contrary to basic investment principles and the vision of a social network that enables people to be rewarded rather than parasitized for their engagement. The slide in market cap is clear evidence of the consequences of not building proper incentives for investment in building value into Steem, and reveals the opposite impact of profiteering that extracts value from the vehicle instead.

This could be easily remedied were the devs able to grasp and effect necessary changes. Code is law. They're smart people, but likely to have little experience in investing. I prefer to account for the extant code as a result of that, rather than the other possible reason.

As to Bernie, I appreciate his attention. He may not realize how his autocomments will financially reward me should I adopt Snax. Our current relationship is proof that one should not approach vipers with the same innocent regard one does bunnies. What is in a person is what comes out of them, and given the history Bernie reveals across the blockchain, I should have known engaging him with any purpose other than pandering would produce venomous attacks, rather than cuddly snuggles.

I also agree that free downvotes would but spread the cancer of Bernie further and deepen it's harmful impact.

Thanks!