RE: SBI in an HF21 World - Part 2: Convergent Linear & Downvote Pools
I really couldn't find your argument against the current proposal in this post...
I think I sense some worries about more downvotes in between the lines but then I see multiple arguments for why that would be good in the actual lines themselves:
surviving in the new ecosystem will require a higher level of individual awareness about how much ‘quality’ your own material has.
The only check on buying every possible vote you can for every post is the free downvote pools.
It is the personal responsibility of every Steemian to evaluate the quality of their content with one simple question: Will this post attract more upvotes than downvotes?
Doesn't this all speak FOR the availability of "free" downvotes?!?
In the end, isn't this all about getting rid of all these 70/80-ish reputation accounts that just push out the most repetitive low effort content bid-botted to $100-200 daily without any repercussions?!
There is no proof-of-brain or subjective judgement on quality if people literally just "buy" most of the rewards in a simple ROI game... and then others are expected to spent their voting-mana and the social cost for stepping in?!?
Each of those can be good things or bad things, depending on your values system. That's the central point of the post... good or bad depends on your values system, but the actual outcomes depend on the values systems of the critical stakeholders.
A system that does not appropriately align incentives, but instead depends on the goodness of the parties involved, is doomed to result in outcomes considered horrible by those designing the system.
The system designed assumes that key stakeholders will bear the social costs and 'clean up' the trending list... by making it more expensive to trend content, while making it cheaper to downvote content. But there are no incentives built in to ensure that, only an assumption that enough people will bear the social cost to bring about the targeted results.
Even though paying to Trend content will be more expensive than it is now, it will be more profitable relative to non-promoted content than it is now. None of the promotion services will disappear... they will simply reprice and become even more powerful or influential than ever.
Mark it... in the latest analysis I have seen, bid-bots control less than 15% of the reward pool. If the EIP goes through that will exceed 20% (and probably be closer to 30%) within a year of the fork.