RE: Good content and the magical whale in the sky
Well said. I agree with your points. There is a problem that some recognize, and to address the problem, we're not going to address the problem itself, we're going to just try to give more money to some people to try to get them to do something else to reduce the size of the problem, because their not already doing things to address the problem with their power on the platform. Problem = bidbots. All of the justifications for the need for HF21 revolve around dealing with bidbots. But bidbots aren't even being dealt with in the HF directly. Nothing at all. What is being done is to try to make the fat cats do something else, like to stop selling their votes to bidbots and reduce the bidbot support... lol. People with support from their rich friends just make posts about what they ate, or a game they played... and in come the upvotes and high rewards... lol... really meaningful stuff :P
Good post. Resteemed.
I think the current EIP is flawed in that it actually encourages passive investors to move from being a less disruptive ass (self voting) to being a more disruptive ass (delegating to bid bots), and it comes at a rather steep price for the potential for growth of the platform by making it more difficult for new users to enter.
As it is now though I'm afraid:
The exact opposite of what the EIP should accomplish IMO.
With two minor changes though, I believe both the unintended incentive and the unfortunate effects on new accounts can be greatly attenuated up to a point where the EIP could be effective in moving passive stake holders away from investing in bid bots while having minimal remaining impact on platform growth.
So I really hope Steemit Inc and influential witnesses will consider these two minor changes before rolling out HF21. I'm convinced the EIP can be made into something constructive.
A bit to technical for me, but I get the idea...But anyway I guess it's too late for the guys up there to consider whatever we have to say. The changes had been decided upon weeks ago when the whole plan was posted for 'debate'... only there was no debate... I guess we'll have to see...
Totally agree with you on bidbots and there's a chance their services might become a poor investment with the change in rewards. Crippling the boots would be great, but I'm afraid people with loads of SP will just find another way to get good ROI without much of an effort.
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