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RE: 3 Month Retrospective

in #steemit • 5 years ago (edited)

What we need to fix the most are two main things:

Fix the Steem economy

Currently Steem economics are quite broken. We need to make some changes to this because without doing so the second major issue cannot be resolved.

Generate demand for powering up Steem.

Without this demand for Steem the economy sinks like the Titanic no matter what changes are made.

We can debate ways to increase demand for the Steem token, and we can debate ways to fix the economics but these in my opinion are the two most broken aspects of Steem right now. Of course UX improvements need to be made and SMTs better implemented but between right now and the implementation of these improvements we need to retain the current active users.

5 years ago in #steemit by
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     5 years ago  

    Our analysis of the reward system reveals the fact that more than 16% of the transfers of cryptocurrency in steemit are sent to curators suspected to be bots and also finds the existence of an underlying supply network for the bots, both suggesting that the current cryptocurrency driven rewards system in steemit is under severe misuse that deviates from the original intended goal of rewarding high quality content.

    This is from a paper coming out in July, a real empirical scientific study of steem, explaining with MATH how it's reward system is broken, or rather "deviates" from its intended goal.

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     5 years ago  

    Its kinda sad that they make a very rigorous study and mix Steemit and Steem :/

    Please link the study once it is out, I would love to read it :)

    [-]
     5 years ago  

    Which paper is it? Any link?