You are viewing a single comment's thread from:
RE: Steemit Has A Gini Coefficient WORSE Than Africa!
The point of decentralization is that things aren't regulated - consequently, steemit is an open market, and people are free to post just about whatever they want, as well as downvote respectively.
Naturally, there is going to be massive inequality unless individual users go out of their way to seek out new and fresh content and not just rely on their friends/established whales. It's up to us as individual steemians to find the content worth promoting - the "diamonds in the rough", so-to-speak. It's the only real, ethical way to bridge the gap.
I do agree, it's mainly a curation issue. What remains is the problem that the voting power is directly connected to the steem a user has, which means that whales have some 95% of all voting power. You can see that nicely in the charts of the daily statistics. For the moment this has the consequence that it is almost impossible to push good content even if it's 20+ small users who upvote something. You have to be a whale (or you need a good bot). This tightens the bottleneck extremely much.
Maybe a solution could be to use a bot to multiply an upvote. Some of them are cheap.
But without voting power binding, what's the point of Steem Power?
If I couldn't make impactful votes on Steem by my SP, I'd surely leave. That way, it'd mean nothing for me.
The problem is imo not the binding itself but the ratio. Currently 44 users have ~75% of the voting power while the rest of the roughly 40k active users share 15% as you can see in the charts of this artcile. This ratio is improving, I looked it up in older articles of the same user, but it's still completely tilted.
If I had to design it, I would use the 2nd root to moderate the huge gaps. In this scenario 1000 SP wouldn't have 1000 times as much voting power than 1 SP but only about 32 times as much. I think that would make it more interesting for many users to spend time here.
But of course that's all just theoretical. Maybe it can be built into the version after beta.
Holy shit that article is amazing, thanks for showing!
Your idea isn't bad, either - being difficult to reach the top would make the community healthier.
Have you tried discussing it with the developers?
You're welcome.
I think the situation is improving slowly. If in 6 months from now it still looks so extreme, I think I will contact the developers about it. But so far it is still a developing situation and we're using thebeta version of steemit. So, maybe patience will do it.