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smooth
@smooth
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2016-03-25 13:36
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smooth
normietalk
7y
RE: Normie Talk - HF21 Explained (SPS + EIP) What it is and what happens next
During most of those 17 hard forks (not sure if that is the exact right number, but there were definitely a lot, mostly in the first few months) there were almost no users, no third party apps, either
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smooth
steem
7y
RE: HF21: SPS and EIP Explained
There is not even a mechanism for to 'vote against' a proposal so clearly you do not understand how SPS works. That @blocktrades whose company developed the SPS code upvoted my comment ought to give you
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smooth
normietalk
7y
RE: Normie Talk - HF21 Explained (SPS + EIP) What it is and what happens next
SPS is not controlled by a few. Every single Steem stakeholder gets to vote on proposals, just as they currently get to vote on content. Sure the stake distribution isn't all that flat to say the least
smooth
normietalk
7y
RE: Normie Talk - HF21 Explained (SPS + EIP) What it is and what happens next
and now there will be a 25% free downvoting feature which means people will downvote for any stupid reason they can think of downvoting for Downvotes always just shift rewards from one place to others
smooth
steemit
7y
RE: Steemit Update: HF21 Testnet, SPS, EIP, Rewards API, SMTs!
Try this one:
smooth
steemit
7y
RE: Steemit Update: HF21 Testnet, SPS, EIP, Rewards API, SMTs!
This doesn't really need to adjust to the price of Steem because the idea is to limit the number of content elements which can be profitably rewarded by milkers (to in turn limit the amount of effort required
smooth
steemit
7y
RE: Steemit Update: HF21 Testnet, SPS, EIP, Rewards API, SMTs!
The shift from author to curator is numerically much larger than the shift from author+curator to SPS. Curators will see an immediate and obvious net increase, not quite double but close to it.
smooth
steemit
7y
RE: Steemit Update: HF21 Testnet, SPS, EIP, Rewards API, SMTs!
At best it is of minimal value in these situations. Take downvotes for example. A number I saw recently was 0.008% of votes being downvotes, essentially zero. Running a simulation over that data will tell
smooth
steemit
7y
RE: Steemit Update: HF21 Testnet, SPS, EIP, Rewards API, SMTs!
Delegation made it possible for non-invested users to rent stake and run vote-selling bots practically risk- and accountability-free This could already be done and was already being done with vote bots
smooth
steemit
7y
RE: Steemit Update: HF21 Testnet, SPS, EIP, Rewards API, SMTs!
As I have said several times now (though not only in this thread), I don't consider it to be real inflation and therefore I don't consider it to be a candidate funding source at all. If you pay 100%/y
smooth
steemit
7y
RE: Steemit Update: HF21 Testnet, SPS, EIP, Rewards API, SMTs!
I really implore you to reconsider this in light of my arguments once more please. I'm unlikely to reconsider the propriety of shifting the vesting reward which as I've stated numerous places is different
smooth
steemit
7y
RE: Steemit Update: HF21 Testnet, SPS, EIP, Rewards API, SMTs!
Under the above example the abuser continues to extract the same value from the system, just through a different method Not sure which example you are talking about but as long as it is highly visible
smooth
steemit
7y
RE: Steemit Update: HF21 Testnet, SPS, EIP, Rewards API, SMTs!
It would likely be more advantageous for stakeholders to have a lower annual inflation rate than to gain some small amount of “interest” that puts downward pressure on prices, especially when demand seems
smooth
normietalk
7y
RE: Normie Talk - HF21 Explained (SPS + EIP) What it is and what happens next
I think @thecryptodrive is trying to promote a forum for Steem development discussions. I don't recall the link for it.
smooth
steemit
7y
RE: Steemit Update: HF21 Testnet, SPS, EIP, Rewards API, SMTs!
We can respectfully agree to disagree. A large portion of (in fact nearly the entirety of) the intent of this is to significantly change behavior. So I don't think that an assessment prior to behavioral
smooth
normietalk
7y
RE: Normie Talk - HF21 Explained (SPS + EIP) What it is and what happens next
Why does ... have to get bundled up Many of us agree with the concept of not bundling in the abstract. There is also the practical consideration of costs of hard forks and not being able to do them very
smooth
normietalk
7y
RE: Normie Talk - HF21 Explained (SPS + EIP) What it is and what happens next
It is ultimately up to voters. I don't disagree with your assessment that it should profit the ecosystem and that will guide my voting (honestly I think we could use a lot more if this when it comes to
smooth
steem
7y
RE: HF21: SPS and EIP Explained
There is a return proposal (which gets votes like any other). Any proposals that get more votes than return get paid (until total funding runs out). Once the funding payout process reaches return, the
smooth
steemit
7y
RE: Steemit Update: HF21 Testnet, SPS, EIP, Rewards API, SMTs!
Honestly I didn't mean exploited in a judgmental or negative way. Exploited as in saw the opportunities and made the most of it. Not a bad thing. The bad things are the crappy economic rules in Steem and
smooth
steemit
7y
RE: Steemit Update: HF21 Testnet, SPS, EIP, Rewards API, SMTs!
Vote selling and circular voting themselves aren't bad and can't be stopped in any case. So we posit that as a given. Vote selling, etc. that results in payouts divorced from content value is the problem,
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