RE: Why n^2 ? by felixxx

Viewing a response to: @vikisecrets/re-felixxx-re-vikisecrets-re-felixxx-re-vikisecrets-re-felixxx-why-n-2-20180216t100633356z

non-linear · @felixxx · Feb 16 '18

$2.01

Ok. This makes much more sense.
I thought you were retarded, sorry.

>I guess their ROI in percent figures of their vested Steem is way lower than expected and more closely to the 9.5% if not less.

smartass @jerrybanfield has done the math and it's more than 100% roi annually.

But that all aside, why would any shareholder recieve any **posting rewards** in the first place ?

That already is where the abuse begins.
This is a social media blockchain.

Posting rewards should go out to the best content and the curators get **curation rewards**.

Other than that especially whales should be encouraged to vote on good content so that it attracts better content, so that their stake becomes more valuable.

>I think it is much easier for a minnow to make a 100% ROI than for a whale.

The only reason for that being, that there are still people out there (like myself) trying to find and reward good content, but by doing that I will lose out and my stake will not grow as fast as that of a selfvoter.

At the end of the day, no matter how large my stake here gets, if the best way to earn on this platform is by abuse, then my stake will be as worthless as this discussion.

👍 teamsteem, jaki01

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@vikisecrets · Feb 16 '18

@jerrybanfield show me a whale that makes an annual 100% ROI of their Steem Power, he/she would be a genius :D

>But that all aside, why would any shareholder recieve any posting rewards in the first place ?

This is a good point, the underlying reason is that votes are weighted by Steem Power, which is a good or bad thing, depending on how you see it ;)

This is quite a philosophical debate I guess, coming back to the reward curve my initial thought is that n^2 would not really solve the "issue".

>Other than that especially whales should be encouraged to vote on good content so that it attracts better content, so that their stake becomes more valuable.

100% agree, at the end of the day I want steemit to be a successful social media network and a successful crypto currency :)

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@felixxx · Feb 16 '18

$0.14

Well then check out @lichtblick.
Posts flowers everyday, trades votes and has one of the highest reps on steemit by now.
He even agrees that his content is shit and he just posts something, so he can vote on it.
Easily made more than 100% ( in vests ) since hf18.
Trust me: n^2 could have potentially solved this issue.

If you don't make it a philosophical question whether posting rewards should be for good posts or for stakeholders, then it's pure game-theory;

Posting rewards for stakeholders without good content would be abuse, because it tries to play the rules.
The solution also comes through game-theory: n^2.

If you don't trust me, listen to @dan who invented this whole thing here and basically writes the same.
I am not as smart as him, but came to the same conclusions.

👍 vikisecrets

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@vikisecrets · Feb 16 '18

Thx, I will think about it ;)

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