RE: RFC: Rewards

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RFC: Rewards

in blurt •  4 years ago  (edited)

How about a non-stake weighted vote feature that is dynamic and equal. This could be that the amount of votes determines the percentage of the rewards pool you earn.

For example, there are 10 posts. 1 receives 5 votes, 1-2 and the rest 1. The amount of votes determines the percentage each vote is worth and the most popular receives the most shares.

While this won't stop the circle jerks, the distribution would be more fair.

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  ·  4 years ago  ·   (edited)

interesting blurt allround, but i'm blurting that this doesn't feel right to me. i like stake to have proportional curation influence. just my take

Well, we know from other platforms that high stake doesnt necessarily make one a quality curator. What if you earned from your stake directly from 50% of the pool and the other 50% went towards votes?

  ·  4 years ago  ·   (edited)

Great thoughts again imho. However firstly i have a problem with bringing quality into a discussion relating to things like social media, art, taste, thinking etc. Considering that quality (art, thought) is not absolute and is in the eye of the beholder, ie. what i think is quality (thought, art etc) u may find utter rubbish and vv. Secondly i personally feel that reward is a much secondary concern when blurting, i mean it's just wonderful one might earn a reward and that will hopefully encourage more blurting. Whether a piece of BLURT (art, report or a thought etc) represents quality and earns good rewards can and will in the end imho only remain a mystery no matter how much one tries to game it. Hence if quality (art, thought) is a mystery then one can never game it and i happen 2 think quality is a mystery indeed

I agree. Otherwise we take risk.

https://en.m.wikipedia.org/wiki/Democracy:_The_God_That_Failed

Like free transactions, democracy itself is a lie.

Personally, I'm not a fan, but @birdinc floats this idea from time to time.

What are your issues with it? Also, what do you think about my reply to @koios in this thread?

  ·  4 years ago  ·  

This can be gamed by operating multiple accounts since KYC is not a prerequisite to participate on this platform.

To my understanding, author rewards ain't much about quality but more about nurturing strong bonds through social networking ....that's what being social means! Of course, people tend to network more with the one who deliver more qualty or value to them.