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RE: Understanding Steem's Economic Flaw, Its Effects on the Network, and How to Fix It.

in #steem6 years ago

I wrote a post 2 years ago and the conclusion is a linear reward distribution mechanism depends on downvoters to succeed if possible. IMHO efforts should be made towards finding and incentivizing good downvoters. What I have done and am still doing is in this direction, see @adm and the old downvoting event. However, encouraging downvoting is hard and can easily be abused if designed poorly; it's also controversial and comes with costs since most people don't understand it, E.G. due to downvoting my witness has been voted down from top 20 long before. I had another post analyzed curation rewards distribution mechanism and perhaps helpful for you. Good luck.

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what's yoyow doing in terms of voting economics?

The yoyow blockchain doesn't have voting right now. I don't know whether nor when it will be there. 3rd-party platforms running on yoyow e.g. biask.org have off-chain voting but I don't know the details.

What do you think about a 10% separate downvote pool @abit? Linear does give everyone the ability to immediately gain the maximum returns per SP exercised being entirely content indifferent, so it does seem like an unmanageable field for downvoting activities. And thanks for the links! Will check them out!

Sorry, I don't know whether a downvote poll will work, or how it will work. Who can use the energy in the pool? How to prevent it from being abused?

Downvoting is a really bad idea, it destroys social bonds.

Just saying. "Punishing" bad content should be done on the social level like in the tight-knit human communities of earlier ages when people "behaved" because they didn't want to become pariahs in their communities. The threat of "not getting the community upvotes" anymore (because of bad behaviour) is much more effective and less damaging than outright downvoting

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