RE: Downvote Pool Deep Dive

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RE: Downvote Pool Deep Dive

smooth in #steem • 6 years ago (edited)

That's a choice the apps make about how to structure their model. They do have the same access to the reward pool as steemit.com, they just choose not to make use of that.

Anyway, if you mean that these apps should have an opportunity to be subsidized by stakeholders without getting involved with posts, comments, votes, etc., then SPS (expected to be part of the next hard fork) is what you are looking for. App developers will be able to make a proposal on how their app adds value and stakeholders can vote to provide funding for it.

6 years ago in #steem by smooth

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masterthematrix 6 years ago

How can you say that is a choice of the dapp developers when its not possible to make a gambling app thru just posting content. The point is that Steem Blockchain is not only about making post or creating content, but in the current system the only way to mine Steem is to create content or curate on content. This is an unfair advantage to all blogging interfaces compared to other dapps. If we want to have an functioning SMT environment than the Proof of Brain mechanism of Steemit.com needs to be removed and put in the hands of all SMT and community projects. Just to make changes in the reward curve structure won't bring us further towards the goal to have a thriving SMT economy. Steem on the base layer should only be good for voting for witnesses, voting for proposals on the Steem foundation and maybe voting for dapps/community main accounts to allocate some rewards of the reward pool.

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smooth 6 years ago

Maybe when we have SMTs we can look into it. I'm not opposed to removing the Steem reward pool in favor of lower inflation if and when SMTs are able to serve the function.

Alternately we can offer different ways of getting payouts from the reward pool such as SPS and apps which can make the case they are or will be bringing value to Steem can apply for funding.

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masterthematrix 6 years ago

Great idea, I hope that we will see some fundamental changes in that direction. Thanks for your understanding!

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valued-customer 6 years ago

An extremely valuable addition to SPS would be a mechanism to pay dividends for such development funding. Making adding value to the investment vehicle more profitable would encourage such funding.

Coupled with ending the ability of stakeholders to financially manipulate curation to extract rewards, via something like the Huey Long algorithm I have proposed, this would reverse the incentives from extracting value from Steem to adding value to it.

Capital gains is the gold standard for reasons to invest.

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iflagtrash 6 years ago

I flag trash. You have received a flag.

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3 votes