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RE: An Open Letter to The Community: Why Equality of Opportunity Matters, not Equality of Outcome

in #steemit8 years ago

Hi @xtester

I have written something along your rhyme of thought in the past. Everybody is unequal because everybody is different. If society was to become equal it would destroy itself since all value would evaporate. Much the same thing applies to the periodic table of elements and the existence of our universe.

Now, as far as Steemit goes. Nobody started point 0 in Steemit. People that had followers from other social media got a head start even with shitty content—and they stay on top due to the reward system of the platform. Right now, to the average user joining, Steemit looks like a ponzi scheme. If you are whale, even if you post shit, it will get upvoted for rewards. I never do this but most people do. I only upvote what I heartily like.

I don't see how this would change unless there is a fundamental revision of the reward system. Much like there is an algorithm from 15 to 30 min to maximise profits for curation, the same should apply to one post in regards to a) rewards earned b)followers c)followers reputation d)overall capital allocated in Steemit over the last 24 hours. As time progresses the rewards should be declining for higher value posts and more allocated to the lower strata.

The ecosystem needs some food to grow. Some incentive. Otherwise it will collapse under its own weight before we even start talking about equality.

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Thanks for the interesting reply @kyriacos. I tend to agree with your main premise, though I see two options forward: either Steemit continues its growth and manages to bootstrap itself to a critical mass, where I suspect these dynamics could change, or it will lose its growth power and slowly fade into silence. At the moment I see people are interested to understand and change things which is a strong positive indicator. I'm curious to see how things will evolve.

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