RE: ~~Staking~~ Stating The Obvious by battleaxe

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Viewing a response to: @cryptoandcoffee/staking-stating-the-obvious

· @battleaxe · (edited)
competition is good, let there be a ton of whales and let the market and people decide how they spend their own money, if the place with trillions of tokens made to begin with (not smart) can pass all the big bad scary stress tests then it has teeth.

You sell,  I sold and bought back a ton more, so I invested and stake what I feel like like you do and everyone else.  Trying to keep up with the inflation that is being used to pay refs is almost impossible so why is the focus not on burning excess tokens?  Like I said in ABH's post,  enough has been blasted away to set a precedent of what the community itself is more than capable of downvoting or supporting.  Millions going to pay refs who helped launch it to not be a total scamfest could be going to null.

some inevitably will do the hashtags of #sportsbeforeeating because whatever reason and if someone is wanting to buy millions and millions and gets it in a free market then that's how it goes regardless of who on here likes it or not.  I'd love to see whales pouring in and hopefully some hodl and some give back and some see the community and like it enough to support all us little guys because NONE of the whales on here are mega whales.  none
Interesting and well written op/ed post.  Cheers
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@cryptoandsports · (edited)
I would like to see the community come into an agreement where 10 or 20 percent of post rewards are burnt and maybe could be matched by Sportstalksocial as at least that way we are still doing something positive to the overall volume. Trillions I feel was a big mistake as well and we need to get rid of some zero's somehow and I see this as a good way to start.

I was just thinking maybe we need to do some burn posts weekly using sportsvoter as well which would in theory burn double. If everyone got behind it and voted it we could possibly burn quite a bit and get others thinking along similar lines. 100 000 isn't really going to make a dent or even a few million really, but it is still positive and going the right way.
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vote details (1)
@battleaxe ·
Patrick needs imho to be doing some updates,  it's causing issues to just be a bunch of peeps being like 'what now?'
Burning excess is huge,  am more than down for many things but nobody is at the effn helm most of the time and then the bandaid is to have refs.  REFS ARE NOT HERE TO RUN SOMEONE ELSES BUSINESS AND TAKE THE WORK LOAD AND CRAP FOR IT EITHER.  :)

This biz model or subject is gonna get taken up on things like SMT's and Voice, fast , realllly fast imho op/ed  
Hell, let it go lord of the flies...this isn't worth enough to have a damn gaf fest on when it's on something others made that's laggy as hell with how much room to dev Dev things? What happens when SMT's come and a lot are locked in 9 months...  
Being more worried about effin 60 bucks of ad revenue then other stuff is green horn as fuck
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@dzboston33 ·
I'd be down to burn, having nobody at the helm a lot of time is awful though.
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@patrickulrich ·
What do you mean by what now? I'm interested what that expectation is. I'd also be interested to why you want someone at the helm of a decentralized movement. The goal here is to remove even myself from being the force behind #sportstalk and instead serve to make Steem the home for everyone interested in talking about sporting content.

As for the referees they are not being asked to run a business. They are being asked to moderate the content under #sportstalk for abuse. I don't know when I've asked more from any of the referees. That being said they are paid for this responsibility as you mentioned above with an equivalent of 5% of token inflation. This has to date been paid from @sportsprojects rather than additional inflation. This is serving to lower the print inflation and distributing existing funds for uses without expanded printing.

While the community coming together to downvote posts is a great aspect to see it's not something that is sustainable to fight abuse. This was made evident early on which was why the focus on building a successful referee team has been the largest focus thus far. It is required to make sure that little abuses that would often be overlooked don't let the community die by a thousand little cuts. Instead the community can focus on aligning rewards based on what is actually valuable to them while referees go after the abusers. This is equivalent to the model that Steem has benefited from by supporting @steemcleaners.

When it was clear early on that abuse was going to overtake quality content without successful moderation I reached out to an existing referee to begin operating @sportsmod.  They done an amazing job fighting off numbers of abusers and keeping the community's focus tied strongly to sporting content but it was far too much to ask of one person. Not only that but leaving one person's point of view was far too centralized in my opinion. 

That's when work on the referee project began. This took the concept of a moderation account but allowed the account to be controlled by a group that was forced to gain consensus. This solved the problem of one person's voice being the only voice determining what spam was.

This still left a major problem as pointed out by users when the community guidelines was announced. I was requiring the community to only trust in my determination for who could perform this role. That's lead to work on the future of the referee system which will put SPORTS stakeholders in complete control over who the referees serving are.
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