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smooth
@smooth
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2016-03-25 13:36
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smooth
steem
7y
RE: HF21: SPS and EIP Explained
If I'm promised a certain percentage of the rewards and rewards WILL be forthcoming, that percentage is what I expect Then you did not understand the system properly because DPoS has defined governance
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smooth
steem
7y
RE: HF21: SPS and EIP Explained
There are no cost reductions to run witness nodes as yet. Over time the costs have simply grown, though to some extent this was expected. The MIRA version (with its associated cost reductions) isn't
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smooth
steem
7y
RE: HF21: SPS and EIP Explained
You are under the assumption that the stakeholders and witnesses are better at directing it at places that add value. Based on the distribution and the last 3 years, I disagree. My view is that the mechanism
smooth
steem
7y
RE: HF21: SPS and EIP Explained
it just smacks of witnesses looking out for themselves. I can't speak for everyone. Sure it is possible there are some with that view. But, truly, you are as far as I know making this accusation with no
smooth
steem
7y
RE: Do content creators matter?
Let SMT's and all kind of products and services use inflation on their token. Yes more and more people have brought up that rewards can be paid in tokens associated with specific communities and apps
smooth
hf21
7y
RE: The Reduced Author Rewards of The Economic Improvement Proposal is Moronic and Unfair
There have been numerous @steemitblog posts and resteems about EIP and its various components including rewards curves and downvoting. They further reference other posts and discussions which go back years
smooth
hf21
7y
RE: The Reduced Author Rewards of The Economic Improvement Proposal is Moronic and Unfair
It's 200k per week
smooth
hf21
7y
RE: The Reduced Author Rewards of The Economic Improvement Proposal is Moronic and Unfair
Not every curator can make more money than a self vote. Yes Even in a system with 50/50, the people who vote in the end WILL get less steem than those who vote at the beginning True but not so relevant.
smooth
steem
7y
RE: HF21: SPS and EIP Explained
It's not a fee taken from your rewards either, because the rewards are not yours until you are paid them, and this discussion is all about future rewards which aren't yours yet. Technically all of the
smooth
steem
7y
RE: HF21: SPS and EIP Explained
Who came up with the incentive mechanics/mechanism design here? What are we trying to accomplish with the rewards (and punishments)? It was copied from Bitshares where I'm told there is a track record
smooth
steem
7y
RE: HF21: SPS and EIP Explained
The curve is an interesting question for sure. I personally believe there needs to be some curve, but not necessarily this exact one. The Steemit devs have studied things carefully and have their own
smooth
steem
7y
RE: HF21: SPS and EIP Explained
My guess is that it will be added to steemd.com and other sites. Steemit.com doesn't even show how much of your regular vote mana has been used.
smooth
steem
7y
RE: HF21: SPS and EIP Explained
it is only fair that all stakeholders contribute. All stakeholders will be contributing, because the funding will come from inflating stakeholders existing holdings, just as funding for everything else
smooth
steem
7y
RE: HF21: SPS and EIP Explained
The most often referenced number is 1%, and I do not consider that to be a token amount, it is a 10% reduction when the starting total is only 10%. In fact I have long term concerns about the sustainability
smooth
steem
7y
RE: HF21: SPS and EIP Explained
Well forgive me but I do think think that it not shifting solely from creators/authors but also from curators is more than a semantic point. Nevertheless turnabout being fair play, I do think the more
smooth
steem
7y
RE: HF21: SPS and EIP Explained
Fair enough, but I believe (could be mistaken) that at the time I even said that it shouldn't be done now but if at all in some future iteration. So I guess we are in violent agreement.
smooth
steem
7y
RE: HF21: SPS and EIP Explained
Agree with you about emojis, etc. Also the UI is very clunky, and between that and RC costs, it discourages casual interaction and humor in the sort of way that drives reddit, twitter, etc. It needs a
smooth
steem
7y
RE: HF21: SPS and EIP Explained
He is right.
smooth
steem
7y
RE: HF21: SPS and EIP Explained
Because the system needs a stable core to function at all, and that requires that witnesses not only be paid but paid enough to always maintain stable infrastructure and contribute enough of their time
smooth
steem
7y
RE: HF21: SPS and EIP Explained
Witness funding was and is not intended to fund projects after it was cut 80% (I believe in HF12). Some witnesses do get involved with projects as part of their campaign for votes, and given surplus funds
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