RE: Bounty 20 Steem: Should we fix SBD? by remlaps

View this thread on steempeak.com

Viewing a response to: @knircky/should-we-fix-sbd

· @remlaps ·
$4.14
I don't disagree with your proposal for addressing it, but I would add that even in the short term, it seems to me that the only stakeholders who really benefit from high SBD prices are authors.  I think other stakeholders are harmed in both the short and long term.  I wrote about it from a stakeholder perspective a few months ago: [About those high SBD prices](https://steemit.com/sbd/@remlaps/about-those-high-sbd-prices).

Two questions that no one seems to be asking:

i. Does restoring the SBD peg reduce the whale self-voting/voting-clique problem?

ii.  For a healthy platform, what are the desired ratios of voters/authors, investors/authors, and even readers/authors?

Authors are the ones with the megaphones, so these discussions usually assume that every Steem user is an author, but is that really the way the platform works best?  It seems to me that the platform would be healthier with many more voters, and investors than authors (who have the smallest incentive to hold steem).  The high SBD price does nothing to encourage that dynamic.
👍  , , , , , , , ,
properties (23)
post_id38,187,927
authorremlaps
permlinkre-knircky-should-we-fix-sbd-20180312t165646013z
categorysbd
json_metadata"{"app": "steemit/0.1", "links": ["https://steemit.com/sbd/@remlaps/about-those-high-sbd-prices"], "tags": ["sbd"]}"
created2018-03-12 16:56:45
last_update2018-03-12 16:56:45
depth1
children5
net_rshares1,349,735,279,538
last_payout2018-03-19 16:56:45
cashout_time1969-12-31 23:59:59
total_payout_value3.176 SBD
curator_payout_value0.968 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length1,057
author_reputation283,284,114,896,802
root_title"Bounty 20 Steem: Should we fix SBD?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (9)
@s2000 ·
$0.07
Correct me if I'm wrong but is this platform's Intention to be used as simply another form of open and free social media?  If so then it is in the hands and interests of all users to   Inherently become authors by Posting  content they find meaningful and being rewarded for doing so.  Given the underlying intention of creating a community of meaningful content via rewards.  

Refocusing on the intensions of the coin produced and witnessed on this block chain network, If it has been define as a stability seeking method should be not strive to maintain that original purpose?
👍  ,
properties (23)
post_id38,513,814
authors2000
permlinkre-remlaps-2018314t34754583z
categorysbd
json_metadata"{"app": "esteem/1.5.1", "format": "markdown+html", "community": "esteem", "tags": "sbd"}"
created2018-03-14 07:47:54
last_update2018-03-14 07:47:54
depth2
children3
net_rshares22,589,536,962
last_payout2018-03-21 07:47:54
cashout_time1969-12-31 23:59:59
total_payout_value0.050 SBD
curator_payout_value0.015 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length579
author_reputation0
root_title"Bounty 20 Steem: Should we fix SBD?"
beneficiaries
0.
accountesteemapp
weight1,000
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@remlaps · (edited)
This is in the whitepaper (page 27):
https://steemitimages.com/DQmQvXv4nyF2auQiJa91H5ZJFtk5TdeNet4cynFjBucjR1n/image.png

So yes, anyone can earn rewards by posting content, but voters are needed too, and you need many votes per post (on average) to achieve effective curation.  High SBD prices tip the balance in the opposite direction, reducing the relative value of voting, since curation rewards are paid in SP.

And yes, if I understand you, I agree with your second point.  SBDs were designed with one purpose in mind, to have a stable value.  If they're not doing that, then they are failing.
properties (22)
post_id38,580,069
authorremlaps
permlinkre-s2000-re-remlaps-2018314t34754583z-20180314t150137763z
categorysbd
json_metadata"{"app": "steemit/0.1", "image": ["https://steemitimages.com/DQmQvXv4nyF2auQiJa91H5ZJFtk5TdeNet4cynFjBucjR1n/image.png"], "tags": ["sbd"]}"
created2018-03-14 15:01:39
last_update2018-03-16 02:43:30
depth3
children2
net_rshares0
last_payout2018-03-21 15:01:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length599
author_reputation283,284,114,896,802
root_title"Bounty 20 Steem: Should we fix SBD?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@lexiconical · (edited)
$0.05
The whitepaper also has 52+ week power downs and exponential whale voting.

The repeated appeals to it are fallacious appeals to authority.
👍  
properties (23)
post_id38,764,216
authorlexiconical
permlinkre-remlaps-re-s2000-re-remlaps-2018314t34754583z-20180315t135621556z
categorysbd
json_metadata"{"app": "steemit/0.1", "tags": ["sbd"]}"
created2018-03-15 13:56:21
last_update2018-03-15 13:56:33
depth4
children1
net_rshares14,961,901,272
last_payout2018-03-22 13:56:21
cashout_time1969-12-31 23:59:59
total_payout_value0.038 SBD
curator_payout_value0.012 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length139
author_reputation182,903,586,801,459
root_title"Bounty 20 Steem: Should we fix SBD?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@steem-bounty ·
$0.03
re-knircky-should-we-fix-sbd-20180319t154009898z
Congratulations! Your submission earned you 2.318 STEEM from this bounty. You have received 2.199 STEEM from the creator of the bounty and 0.119 STEEM from the community!
👍  
properties (23)
post_id39,442,244
authorsteem-bounty
permlinkre-knircky-should-we-fix-sbd-20180319t154009898z
categorysbd
json_metadata"{"app": "steem-bounty/1.0.0"}"
created2018-03-19 15:40:09
last_update2018-03-19 15:40:09
depth2
children0
net_rshares10,372,500,039
last_payout2018-03-26 15:40:09
cashout_time1969-12-31 23:59:59
total_payout_value0.024 SBD
curator_payout_value0.007 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length171
author_reputation168,095,294,179,951
root_title"Bounty 20 Steem: Should we fix SBD?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)