Viewing a response to: @knircky/re-teamsteem-re-knircky-re-teamsteem-why-i-advice-against-linear-reward-20181029t224954221z
This is a screenshot of Steemwhales taken on May 21, 2017. It shows the best-paid author of the last 7 days for that period. https://i.imgur.com/PADNjWz.png This was prior to linear reward. None of the people on the list were part of the original miners. There was an ongoing distribution of rewards prior to linear reward. It was even more pronounced than today. Source: http://web.archive.org/web/20170601000000*/https://steemwhales.com/trending/
post_id | 65,150,990 |
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author | teamsteem |
permlink | re-knircky-re-teamsteem-re-knircky-re-teamsteem-why-i-advice-against-linear-reward-20181029t233634711z |
category | steem |
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created | 2018-10-29 23:36:33 |
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root_title | "Why I Advise Against Linear Reward" |
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Teamsteem, i am here to have a dialog with you. That is why directly i went into the question you asked and answered it. I respect and love you and very much care about this topic. I am not here to fight with you (like most of the time we do on social media). I try to explain that I understand your concern and point of view and then explain why mine differes. In order for this to be productive i need you to also answer questions I pose. Now let me get back to your point, which if I understand correctly is this: When we had non-linear rewards the top earnes earned all of it via content cs today most of the rewards goes out via bots. Here is what my issue with this is. It does not address the points that I made before: the rewards are unfair and everything is going to few addresses. Ie look at kingcrown, he still makes a ton of rewards today, but he wont dominate as much. But the most important part of the rewards is the trail and how much it makes relative to the trail. That is what creates distribution usage and ultimately value for all, whoch is what we both care about. So what are your thoughts on the unfairness?
post_id | 65,155,839 |
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author | knircky |
permlink | re-teamsteem-re-knircky-re-teamsteem-re-knircky-re-teamsteem-why-i-advice-against-linear-reward-20181030t014710934z |
category | steem |
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root_title | "Why I Advise Against Linear Reward" |
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solenn | 0 | 133,129,943,302 | 100% |
I do very much respect your thoughtful inputs. I'm sorry if my answer might have seemed clumsy. I can understand why. I try to remain focus on what I'm trying to convey and I try not to be sidetracked from it. I'm for any solution. What I don't want are apathy and stagnation. I do think there's more than one solution. I'm open to other solution. To answer your question about unfairness, under superlinear, the rules are the same for everyone. So in that regard, this is fair. Now as far as to whom the rewards are allocated, that is decided by consensus. The majority of the rewards will be allocated to whom create the most consensus. Superlinear rewards close the loophole which is allowing freeloaders to "freeload". Freeloaders freeload at the expense of everyone, small and large shareholders alike. This is very unfair. Looking at someone who automates 10 posts a day with 0 work on his part and seeing them making the best ROI while others are working their ass off for a lesser ROI is unfair. This is what I'm looking to solve. I'm open to all suggestions as I've said. The current model is bogus.
post_id | 65,162,652 |
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author | teamsteem |
permlink | re-knircky-re-teamsteem-re-knircky-re-teamsteem-re-knircky-re-teamsteem-why-i-advice-against-linear-reward-20181030t050611545z |
category | steem |
json_metadata | {"tags":["steem"],"app":"steemit\/0.1"} |
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Ok, so you disagree with my statement that non-linear is not unfair and instead find the existing solution unfair. Also you do not mind very few dominating consensus in the reward distribution. But the fact that it is easy to get free or cheap rewards is something you do dislike.
post_id | 65,165,902 |
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author | knircky |
permlink | re-teamsteem-re-knircky-re-teamsteem-re-knircky-re-teamsteem-re-knircky-re-teamsteem-why-i-advice-against-linear-reward-20181030t063608780z |
category | steem |
json_metadata | {"tags":["steem"],"app":"steemit\/0.1"} |
created | 2018-10-30 06:36:03 |
last_update | 2018-10-30 06:36:03 |
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root_title | "Why I Advise Against Linear Reward" |
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solenn | 0 | 127,860,674,449 | 100% |
> Freeloaders freeload at the expense of everyone The main problem with your argument is that this statement is false. Self-voters gain rewards from their own stake and a nice bonus from people who hold Steem without upvoting with it, which those people would lose in any case. They don't take rewards from anyone else. You see them with a "high relative ROI" but that's because you're only valuing a single output from the non-self-voters. If you value both outputs - the personal return and the extrinsic value of the outgoing vote - the non-self-vote's ROI is substantially higher. Of course since it's a personal subjective value it's harder to count, but it exists. This is demonstrated by the fact that people voluntarily cast them. We're not all stupid; we simply value the socio-cultural and interpersonal reward portion of our outgoing vote more than the financial value of casting it on ourselves. This is also why 50/50 curation reduces the value of voluntarily-cast votes.
post_id | 65,168,361 |
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author | tcpolymath |
permlink | re-teamsteem-re-knircky-re-teamsteem-re-knircky-re-teamsteem-re-knircky-re-teamsteem-why-i-advice-against-linear-reward-20181030t074956642z |
category | steem |
json_metadata | {"tags":["steem"],"app":"steemit\/0.1"} |
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root_title | "Why I Advise Against Linear Reward" |
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lordbutterfly | 0 | 23,306,144,398 | 63% |