RE: Good content and the magical whale in the sky
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 increased owner ROI and decreased user ROI caused by the EIP will result in a price correction.
- The price correction will free up money being currently pumped around by bid-bot users, increasing demand
- The down-vote pool will scare self up-voting passive investors towards delegating to bid-bots, increasing supply.
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...