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RE: Proposal for New Rules Regarding Self-Votes and Voting-Rings
I strongly agree. If a user wants to be completely selfish, the system/community should be able to accommodate their choice without having any threat of the ship sinking.
I don’t want to see Steemit turned into a police state. I feel it’s kinda going there as the rewards dry up.
Also, I enjoyed your cashout vs compound investing comparison. Crypto should reward savers.
Thanks! It is a balancing act that can be achieved, but most people seem to be either staunchly anti or pro self-voting and need to think carefully about the long-term consequences of both stances.
Just banning self-voting will merely shift that activity into voting-rings and sock-puppet accounts, which then require going back to some similar rules as proposed above. So that means we end up with two new rules rather than just one.
I keep going back to one key finding in game theory research: non-optimal behaviour for a system cannot be wholly eradicated but can be minimized. The reason it cannot be eradicated is that it will reappear in another form.
I think the returns on investment are still pretty good compared to others, if one is treating this as an investment.