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RE: Entitlement and blind brains.
It will change but not for the better. More insulated corner communities will disregard the main portion of the table and the mess it is in more and more. I don't think I'm the only one who sees the consequences of SMTs and realizes these obvious outcomes considering where we are now. I enjoyed your post as it articulates the concerns that have compounded over two years or more, which one one end is self voting and vote selling/buying but also malicious flagging.
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I think you are speaking about a concern I have with SMT/Oracles and the big circle-jerks staying clear and continuing to do what they have done for years now. Why involve yourself in the above when the circular voting and bidbot delegations continue to pay?
One possible outcome of this is that the STEEM token loses its value compared to that of an SMT, which is backed by stronger governance (one account one vote, no bid-bots, etc) and becomes the 'alt coin' of the Steem Blockchain.
It's not clear in my mind as yet, and this is unlikely to be the case until it happens, if it happens, but it's something to think about at least.
Yeah, it is all speculation and conjecture. For example, a lot of people have said that the curation returns for small accounts would go down after hf20 but from what I have heard, they are going up a lot since they can now compete fairly.
There is a greater % of Rshares lost with a smaller vote, but a good vote time of 500000 (or so!) rshares will do well now, as it did in the past.
Thanks for writing this one, it's given me a topic for today, if actually leave the bar 🙄
It seems that the 1.2 SP lost is made up for by the increase in game.
Yes that's what I have been thinking, it would be quite nice if communities gain a foothold yet even if that's the case if Steem goes down in price and the main pool looks more bismal than now it seems likely that it will negatively impact SMTs across the board. Right now it's a waiting game.
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I don't have a clear enough picture yet or at this hour) but there is also the potential that communities could form on SMTs that change the way they reward and interact and although use steem, empower the communities though SMT value. The Steem circles might flail while the SMTs thrive on the blockchain.
I will think more on it tomorrow.