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RE: Why n^2 ? by croctopus

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Viewing a response to: @felixxx/why-n-2

· @croctopus ·
$5.04
So...what exactly can we do about this, except voting for you as a witness and spreading the information?

I mean right now, it's a profitable approach to ignore the community and reward yourself by voting only on yourself (bonus ignorance points for leased SP...). In a short term view you are pretty much printing money with very low effort. People who are commited to this method probably won't just step down...because it works for now. They're also setting a questionable example for others who then might try the same approach, which could snowball out of control.

Of course in the long term view, if everybody did it like this (the german term "Heuschreckenplage" comes to my mind) steemit would fail, but everyone who did use steemit like this and already paid out his "earnings" would come ahead on top. 

What can I do to support this view? Are there more witnesses who think alike? Maybe a post with all witnesses supporting your view would be an idea, because it shows that not everyone agrees on the current system. Might get a bit more recognition as well, instead of just one person posting his reasonings (of course if there are witnesses who want to keep the current system, they could also share their view and reasoning).

Thanks for taking a stance on this issue, you already have my vote though. ;)
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@felixxx ·
I only know of @teamsteem, who sees this problem and wrote about it.

There is a lot of work to be done convincing the right people and I think @ned needs to approve for this to ever happen and it doesn't look like he would support such a fork ...
Technically, a majority of the top 20 witnesses would need to support the new fork.
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@croctopus · (edited)
$3.08
Alright. I've looked at the introduction and some posts of @teamsteem and voted for him. I hope some of the Top20 witnesses (and others as well) see this post and share their views on the situation. I thought about mentioning them in this post, but I'm not sure if they would appreciate this. I would like to get an opinion of as many as possible though, because I do agree with you and @teamsteem about the fact, that if the economics of steemit fail or give false incentives, then no amount of nice tools/inventions from the users can make up for those failings.

Steemit has a big head-start from the view-point of user base, but there are other options of blockchain-based social networks evolving. If new users see those alternatives and feel like the reward system there is more fair, they might very well decide to make the switch.

Interesting times. Thanks again for explaining your reasoning.
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@felixxx · (edited)
Thanks for the replies.

Some of the comments I get for this are so out of this world that it feels good to meet someone who understands the matter instantly.
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@teamsteem ·
$0.65
17 out of 20 would be needed.
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@teamsteem ·
$0.82
Good idea about the witnesses who support a curve away from linear reward. We'll work on this. 

The current systems is at the expense of the majority shareholders and to the advantage of everyone else. If the majority shareholders were to understand the issue they would soon vote to change the reward curve. 

Hopefully this should be relatively easy to achieve if people are well brief on the subject. 

I just left a comment to explain the issue. 

Thank you for your support and understanding!
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@croctopus · (edited)
$2.39
Thank you for chiming in to this important topic. That's the part I really like about this network. You don't feel as helpless when you see that valid concerns of the users are seen and evaluated critically. I hope that the other witnesses follow this example and explain their reasoning about the situation of the reward distibution.

In my view this is a conflict between people who view Steemit as a **short term cash grab opportunity** who just move on once the system fails (though I could give them the benefit of doubt and assume they are not even realizing the long-term consequences).

On the other hand you have those who believe in the value of a decentralized **social** network. This is a long-term strategy focusing on sustainabilty. The social aspect would fail, once even more people realized that social interaction and good content is actually **not** the best way to advance on Steemit. Yes, they might find friends and learn new things on here. Maybe that's enough for them, they just bury their head in the sand about the bigger picture  and focus on those great parts (a pretty common strategy actually as far as I have seen).

But while they care about communication and the content of the users, those who don't do this just overtake them left and right which might in the end lead to discouragement  of those users from the second group, who are the ones creating real value (and therefore stabilize or advance the overall value of steem).

Of course there are also people falling kind of in the middle between those extremes.

However, it is possible I am missing something important out of the bigger picture, so I am looking forward to the discussions. I'll keep an eye out for more opinions on this topic.
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