Just remembered that I made this for fun back in 2017. Turned out to be quite prophetic. SMTs aside, when is the economic incentives fix? There's no mention about it at all in the recent development logs. Sorry, I'm just too consumed by this matter and everyday has been a living hell on this platform. I just don't post and talk about it everyday.
Steem has so much potential. In my opinion, it has been hijacked by the misaligned economy we currently have for the past, god knows how long now, 20 months? Insanity. To quote off a friend:-
"Even if they didn't agree with anything, they should at least agree that an economy that forces everyone to use voting rewards as staking returns defeats the purpose of the platform. And no, no preexisting 'businesses' on the platform that already rely on a failed economy is a good reason to maintain one."
"Good economic incentives can force bad people to behave well to prosper, while bad incentives can force good people to exploit."
"Only way to get this done is through Ned. Top witnesses are too compromised by stupidity and/or partiality to 'businesses' dependent on this failed economy. Block One votes on EOS. Steemit needs to know whats good for itself and dictate the rules or die."
Video source: How SMTs Add Value to Steem
Audio source: Frolic - Luciano Michelini (Curb Your Enthusiasm's theme song)
