RE: RE: Will Hardfork 21 Operant Conditioning Prepare You to Accept Social Credit?
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RE: Will Hardfork 21 Operant Conditioning Prepare You to Accept Social Credit?

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"That demand has been proven to not be achievable catering to authors."

This is not true. Stake weighting has been used to extract rewards such that whales received ~90% of rewards. How is that 'catering to authors'?

freebornangel@freebornangel often refers to the whale experiment, and you can ask him how reducing stake weighted extraction of the vast majority of rewards impacted creators.

You seem to not be aware of the impact of flags on the rewards pool, and how the rewards that have escaped whales' clutches are thereby made available to them for a second try. The most prolific flaggot has been Bernie, whose socks flew more flags than any other group of accounts to date. Have a look at how he profits thereby, self-voting his bots. None of the flags on my account met your speculation as to purpose, since I have never cashed out.

Demand is directly driven on Steem by users, and authors cashing out is not why user retention is below 5% today. It's due to profiteers extracting almost all rewards, and is exacerbated by the ability of flags to censor and demonetize accounts with less substantial stake. It's of note that the vast majority of Steem remains the stake of ninjaminers today, and only the expenditure of huge amounts of fiat to purchase those stakes could prevent that, which very few people could do, and fewer yet (apparently none) would find reasonable.

User retention is key to Steem price, and Steem price is reflecting the dismal retention rate. How halving author rewards, increasing flags by 25% of SP that is extracted from inflation - essentially a tax on rewards, adding a 10% tax for SPS, and decreasing the value of votes potential to the vast majority of users is going to improve retention is not clear.

In fact, it's ridiculously impossible.

We'll see that proved in the next week or two. During the coming crash, please consider how to actually cater to authors, because that's how to increase the price of Steem. If you want some examples, I have posted how this can be done before, and will be glad to reiterate how to do so.

@valued-customer: "That demand | Ecency