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RE: SBI in an HF21 World - Part 2: Convergent Linear & Downvote Pools
the deeper analysis I have made leading up to this post has convinced me that the likelihood of it improving anything that people claim it is intended to improve is extremely low.
Glad to see you coming around on this.
Definitely agree! Even if people are rewarded for downvoting the social cost is still very real. Does anyone honestly think people aren’t downvoting because they fear losing a cent or two? If we could make voting anonymous downvotes might start being used but short of that nothing will do it I think.
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One thing that I expect to happen if the EIP goes through is anonymous downvoting via bid-bot (with an equilibrium price much lower than the price of an upvote, since supply is high and demand will still be low). That removes social costs, but replaces them with economic costs again. In those circumstances, who will pay the economic costs?
It's rhetorical... at some price there will be demand, but it most likely would not be for the good of Steem.