RE: Improving the Economics of Steem: A Community Proposal

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RE: Improving the Economics of Steem: A Community Proposal

valued-customer in #steem • 7 years ago

There is proof regarding your assertions, and it demonstrably contradicts them. Today CMC reports we are at 63, and have slid ~30 positions since I got here. Due to your exact recommendations. Your disingenuity regarding what is good for Steem is inexorable and provable, as your personal extraction of the wealth of the community has done the opposite.

I recommend to the community that whatever you propose, we do the opposite. Every tap of your keyboard is intended to increase your extraction of the wealth of the community. That is contrary to the interests of the community.

We need to create incentives that will financially encourage you to invest in Steem for dividends (since you'll never await capital gains) that increase the value of Steem and produce capital gains, or watch you extract that last bit of wealth that's worth your time, and witness the death of our community.

Please let me know when you abandon Steem, so I can turn the lights off when it dies.

7 years ago in #steem by valued-customer

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iflagtrash 7 years ago

I flag trash. You have received a flag.

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anthonyadavisii 7 years ago (edited)

Think this may be a little harsh but I understand.

The TRW has helped somewhat in helping us fighting abuse but services like his have contributed to many a bad actor getting influence and/or cashing out our tokens at a lower and lower price

I am glad to coordinate with them to remove rewards from abuse but it is incredibly rare we get unvotes on abuse which frustrates the hell out of me.

The one thing I am looking forward to is MIRA. We can then run witnesses on consumer hardware (not sure of the impact on full rpc nodes) and hit the reset button on distribution. (We can out a fork in it.)

Too much influence is in the wrong hands to be honest. Folks, willing to sacrifice good for gain by serving the lazy and vain.

Btw what's you do to piss off ngc? Looks like you are on auto flag. That's a case against free downvotes if I ever saw it.

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valued-customer 7 years ago

I also greatly anticipate MIRA because I am a huge advocate of decentralization, and reducing the cost of plying nodes promises to advance that cause on behalf of Steem.

I've tried to advance a basic concept of investment: capital gains is the reward for increasing the value of the investment vehicle. Extracting rewards does the opposite and is contrary to basic investment principles and the vision of a social network that enables people to be rewarded rather than parasitized for their engagement. The slide in market cap is clear evidence of the consequences of not building proper incentives for investment in building value into Steem, and reveals the opposite impact of profiteering that extracts value from the vehicle instead.

This could be easily remedied were the devs able to grasp and effect necessary changes. Code is law. They're smart people, but likely to have little experience in investing. I prefer to account for the extant code as a result of that, rather than the other possible reason.

As to Bernie, I appreciate his attention. He may not realize how his autocomments will financially reward me should I adopt Snax. Our current relationship is proof that one should not approach vipers with the same innocent regard one does bunnies. What is in a person is what comes out of them, and given the history Bernie reveals across the blockchain, I should have known engaging him with any purpose other than pandering would produce venomous attacks, rather than cuddly snuggles.

I also agree that free downvotes would but spread the cancer of Bernie further and deepen it's harmful impact.

Thanks!

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iflagtrash 7 years ago

I flag trash. You have received a flag.

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