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RE: Time To Wake Up and Fix Steem's Voting Problem
Votes are supposed to be freely exercised. Anything goes. The point of this post is to propose change in economic incentives to minimise the trolley problem, which may lead to people being not calculative about where their vote goes. Chances are there are way more better contributions out that deserve votes than our own that could help the platform :) so by removing the trolley problem, people will be more willing to give their votes to someone else.
I would like to think that, but the current trend tends to suggest that they just won't vote at all.
If the only reason they upvote at all, is to upvote themselves, then they most likely will just not vote. This is still beneficial, as it will take less of the rewards from the pool for people who are voting, but I don't think it's going to cause any change.
If anything, they will find away to self-vote through some loophole. IE: Use an alt account they are delegated to, and upvote via proxy.
I feel like what your saying is, "People with SP only self-vote, if we take that away, they will vote for others." The reality is, 90% of these people aren't voting to begin with. The small percentage that would change based on your theory, is so minimal, I don't see it causing any change.
The think that would change voting the most, would be to change the way the trending page functions. People are more likely to vote on what they see first (example: Instagram). Popular post stay on trending, occupying the same top 40 slots for at least 5 days. Not allowing for any new content (regardless of value) to break through.. it needs to function more like Reddit. Regardless of value earned, it's booted after a set amount of time, or interactions after the initial hefty votes. This would also solve the bot problem. If you the first votes received are $50, and the post fails to receive subsequent high level votes, it falls off...
More varied content on the front page where 90% of interactions take place, would increase voter diversity, and participation.
we're talking about changing from the top as this is a stake-based voting system. whales do exercise their votes. now they're mostly just selling it or feeding it into themselves, effectively the same thing. the proposal is likely to shift the economic equilibrium to a point where curation is actually a better option, from top to bottom. btw there's no way to boot bots, ban self-voting, or reward based on any metric of interaction or views and such (just a computing reality)