What are your main concerns in regards to SteemSports? Do you have any suggestions on how SteemSports can improve?
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What are your main concerns in regards to SteemSports? Do you have any suggestions on how SteemSports can improve?
My concern is more based upon the game theory of repeated rounds of Steem Sports leading to an effective collusive voting pool that most people do not recognize.
Steemsports is a scam...
Gamed system that recieved way too much for payouts.
So many people created multiple accounts to vote for both outcomes. I am guilty, and so is 95% of steemit.
How does that create value?
You want to write about sports, then write about sports... but to have a rigged game with massive booky rewards is just a pathetic money grab.
I get that it takes time to create a steemsports post, but so does everyone elses posting that recieves pennies.
This comment reminds me of putting equal money on red and black in Vegas. re: primary topic reminds me of team blackjack card counters and the effect on the whole table . . . .and thoughts of full tilt come to mind
Due to the exponential nature of the rewards, only a handful of people have had any effect on SteemSports posts, and those people, have had no economic incentives to vote, as they would not receive any financial reward other than the curation reward, which is a standard feature for any steem post.
You are right about the incentives, which would in fact encourage people to support SteemSports, and thus make games and the SP redistribution possible. The premise behind the games is that user engagement and token distributions are a net positive. Since the whale support in this case is altruistic in nature, can it really be labeled as collusive in negative sense?
I thought it was great at first, but they just kept pumping out the posts as fast as the voting bots could upvote them.
I get what you're trying to say, but let me point out that altruism can be seen as an outright destructive behaviour and collusion as a method of survival.
It all depends on context and having coherent definitions of said words.