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RE: Whales - Can the community buy out a portion of your influence?

in #steem • 8 years ago

While the specific number is still debatable (250 MV), I really like this idea. Voting cap and removal of curation reward will catch two rabbits, i.e. whale issue and bot issue. Two-tier membership model will compensate big stakeholders and incentivize them to hold STEEM.

In addition to this, I would like to suggest applying n*log(n), which is less exponential than n^2 to the reward system. 250 MV vs. 1 MV is a large gap if we keep n^2.

8 years ago in #steem by
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     8 years ago 

    n*log(n)

    I love this!

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     8 years ago (edited)

    While the specific number is still debatable (250 MV)

    Agreed. It is just a proposal, and a simple number chosen for conversation sake. Details like this can (and probably would) be tweaked if the proposal were to actually be implemented.

    The original idea that @snowflake proposed actually had the amount being set in dollars (rather than vests) so that if 5 years from now STEEM is worth $100 - we don't have the same problem all over again. (It would be a good problem to have, but might as well solve it once and be done with it.)

    In addition to this, I would like to suggest applying n*log(n), which is less exponential than n^2 to the reward system. 250 MV vs. 1 MV is a large gap if we keep n^2.

    I haven't given this a lot of thought yet, but I have been thinking about it since you brought it up last night. My initial reaction is that I like it!