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RE: BlockTrades Witness Report for 3rd Week of August
I'm actually afraid that such tweaks will seriously damage the platform, because they will result in a constantly changing platform that scares potential investors who see the value of their Steem Power changing because of curation tweaks.
I've voiced this concern as well.
As a potential investor, I can attest to the fact that I would welcome a change in the value of the steem power i was buying from "no value at all" to pretty much anything else.
replying here due to nesting:
Most investors, potential or otherwise, would like to have their investment have value. A change in the curation system would be a change in the rules to give investors more for their money. Thats not instability, its value.
There is only one type of investor who would be negatively impacted by such a change. I hate to use the N word, but i think here its appropriate.
Ninjas. The people who have millions or tens of millions in SP because of the "ninja mine" that wasnt really a premine or an instamine, it just had precisely the same effect as either of these things.
I know i know. They invested sweat equity. so theyre investors too. But if you give the sweat investors all the return, and the money investors none of it... well.. what incentive is there for money investors.
@sigmajin, I'm certainly not against changes that I think will actually raise the value of Steem (and I'm pretty sure most whales feel the same way). But I watched a promising cryptocurrency (that I held) that went thru too many changes too quickly (all probably with the best of intentions), and it was pretty detrimental to the coin's value. I'm not against changes, but changes that change the rules for investors should not be taken lightly (and certainly those changes shouldn't be made frequently). Also, when you have limited resources, I think it's best to figure out the most critical issues and focus on those first and while I have no doubt curation rules can be improved, I'd rather see some other issues that I consider more pressing tackled first.
The point that I was making is that Steem Power is locked up for 2 years. The constant tweaks cause (in my opinion) the potential investor to be more wary in investing if the rules of the platform constantly change, i.e. if the rules are unstable, then maybe my investment is unstable.