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RE: Does Steem have a Tragedy of the Commons dynamic?

in #economics3 years ago

I agree with @the-gorilla, the battle with bid bots has already been lost. We all eat one cake (reward pool). The more SP delegated to bid bots, the more cake is eaten by authors who use bid bots. Bloggers will soon be left with only crumbs. Only an increase in the price of STEEM can save bloggers, then their crumbs will still be worth something.

New generation of bid bots will be able to change the situation only if they offer even more favorable conditions, which is impossible.

We need a mechanism that would force people to abandon the use of bid bots. Imagine, I earn 4 thousand dollars a month with bid bots. @the-gorilla tells me, "Stop using bid bots because it's bad. You better write posts and get $ 300 a month." Of course I agree, why not :)

One easy way to solve all the problems is to eliminate the possibility of delegating STEEM to everyone.