Proposed changes to the voting weight/power
I know that everyone is here with intent to make money, while there are a handful here for the sake of it being a new platform.
One of the things I've noticed lately is there is a lot of conversation is about "who is this whale" and "how to get whales to up vote you" along with some serious begging for votes across all chat platforms I'm a part of (rocket.chat, slack, irc, etc.). Unfortunately stuff like this hurts steemit in the long run. Users who see this are quickly becoming aware that if they don't start getting "whales" to upvote them, there isn't a possibility to make any money. Other users who have made some very high quality posts have gone unnoticed because of the "whale-votes" applied to other users.
My proposal to mitigate these problems is to modify the algorithm in which vote weight holds true based on a sliding scale or a bell curve. Some of you may be familiar with this model, as it has been used in school from time to time as a grading curve.
Based on the user information (taken from https://steemd.com/distribution) You can see how skewed the staking percentage is. Granted many of the HERO, SUPERHERO, & LEGEND accounts are users who have been following and supporting steem since inception.
In theory this would give the whales less control over the whole platform and at the same time give other users with little to no steem power slightly more power. I think this method as a whole could make the steemit platform much more solid, as it will encourage users to start posting quality material instead of worrying about capturing whale votes with every meme they throw up.
My intent here is certainly not to hurt those who have followed and supported steem since it first started. It is simply an idea to help solidify the platform as a whole and make more demand for quality posts.
Let me know what you guys think about this.
CONSTRUCTIVE CRITICISM IS WELCOME!
The problem with this is that it would violate one of the constraints of the system, which is to preserve your stake. Also anything that is not linear to stake would be subject to sybil attack.
That being said, I find that I want to see which posts are doing the best using a ranking system closer to linear. It could be sqrt(SP) or log(SP) or simply 1, 2, 3, 4, 5 for plankton to whale. I think newbie accounts should be filtered out so at least it takes some effort for the vote to count.
If others feel the same, I could make a ranked list of posts according to whatever desired ranking system. Then if people upvoted those (or the summary post) this could all be automated
To clarify, anything that is sublinear with respect to the rewards is subject to sybil.
This does not mean that different superlinear regimes can be used.
However, all that would mean is that large stakeholders would vest to many more accounts to be in the regime with maximal superlinearity in rewards.
However, reputation of accounts will also be different as well.
Tough problem, that's for sure.
I understand what you are saying. I think the algorithm to make this work is much more complicated than just simply basing it on a percentage of holdings, as my original post kind of stated. It most certainly would have to take into consideration account age and probably another combination of the users blog vs reply posts and the earnings from those posts. This definitely complicates the matter but it pushes users to make posts that actually have content to them rather than just "good job!" or "haha!"
The idea presented is just that, an idea. And absolutely has a LOT of fine tuning would be needed for it to work.
This seems like a decent way to level the playing field a bit - something Steemit really needs right now if it's going to shake off its current obsession with attracting whales in favour of actually producing quality content that appeals to more than a select few. After all, the network is growing by the rate of thousands per day - are we really going to pretend that it's a good idea for 30-odd people to continue holding all the power just because they got here first?
More to the point, it's become obvious that so few whales can't possibly keep up with all the content being produced, which means, despite their best efforts, they're failing at effective curation and letting a lot of high-value content go unnoticed. It's not their fault, but more a product of the system as it currently stands.
Of course, the whales will have to relinquish some of their power to fix this problem, but given that most of them seem to have the network's best interests at heart I'm hopeful that they will at some point begin to do this - perhaps they're just trying to find the best way. Suggestions like this are a great way to contribute to that discussion!
You know what man? Just use this platform for what you want it to be my man. If people would stop worrying about whales up voting them and getting popular, just focus on you and make great content,(whether small or big) and run with it!! People will come if your consistent no matter what you do! This is for anyone. Peace friend OneLove!
You are absolutely right. Obviously this post won't catch the vote of the "whales" as they could see the proposal as a threat to them. I was more or less just making something public that I've noticed and out of concern for the future of steemit and felt the need to say something about it. As we see more and more users join and make posts who soon realize there are but a handful of people who control the system we may see more garbage being posted than we already do out of desperation for whale votes.
Without a doubt, props to the users/whales who got into steem early and made some serious cash with it. You guys saw the potential this thing had and and rode it all the way.
I think any modification would need some sort of testing in a simulated environment (if that is possible) to make sure it would work in the real world and would not have unforeseen consequences. I sympathise with what you are saying though.
Keep up the good work!
Sorry cant catch any whales here mate .
pliss votes back
https://steemit.com/news/@gilang-ramadhan/58-words-motivational-life