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RE: Improving the Economics of Steem: A Community Proposal

in #steem7 years ago

First of all, Steem's inflation should be removed for rewarding the content creators and it should be delegated to front-end DApps. DApps can launch their own TOKEN and reward algorithm to discover contents. Current inflation is not keeping up with low demand. If Steem did not have relative high inflation, it would easily sit at top 30 in CMC.

Steem's Inflation should go to protocol developments, witness compensation and PoS interest (2-3% vs current 8.5%). Rewarding content creators should be done with SMTs. STINC can launch their own SMT and share profit from ads with celebrity creators by SMTs.

Steem Investors can earn TOKENs through RC/SP delegations. @steemhunt is already showing a good example. Creators and DApps will figure out optimum synergy with a token.

All the front-end DApps can try their own SMTs with different distribution technique. Finding a sweet algorithms to rewarding the best content is more than rocket science. A former founder, @dan thinks that he can fix it, I totally disagree.

DApps with SMTs can try different algos. @steemhunt, @actifit, @dlike and others are already experimenting. Steem's inflation and broken rewarding is helping its price.

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Yep. Very much this. ^

Thanks, I have pushed this comment upward within a reply so that it can seen by many and STINC.

At least remove the picture @Jadabug and her information...that is the least you can do after what you did! Or give the account back and i will not pursue this any further. I will start commenting on everything you do or you can do the right thing and return someone else's property. We all make errors in judgment ..please correct yours.