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RE: How to Engage and Retain Users ( Backed up with Steemit Data)
I disagree that Witnesses are decentralized. They are "trusted" peers and their number is low.
If someone really wanted to, they could compromise each one and direct the network however they wanted.
Its a far cry from larger networks like Bitcoin - which has resisted social-engineering and technical attacks.
The jury is still out on Delegated-Proof-of-Stake, as it seems to copy a lot of the flawed rules that the legacy fiat system does -- namely, the more tokens you have, the bigger say.
The retention rate should be a huge red flag for the Steemit developers. They recently said they added some bot-combating measures, but I am not holding my breath -- I deal with results, not hopeful wishing.
Fair points.
I'm hoping to see SMT try and combat the ' the more tokens you have, the bigger say', particular with regards to ordering content here, and elsewhere if/when SMT are out in the wild.
One account one vote 'account based' voting, should probably be the default sorting order for interesting content, and Trending can then be renamed to 'Adverts'.
Cheers.
Current Retention should be a warning flag but its not. Pushing ahead with development and improvements on the block are the proirity, or thats how it feels to me.
I believe steemit is way more decentraised than it was before. Just look at the changes in the top witnesses in the last 12 month. Yes they are a 'trusted few, and by the nature of few makes it impossible to be fully decentralised. Maybe to improve this the few needs to be increased to a few more. I dont see many of the existing few currently willing to do that either.