A Gordian knot - that's also a noose !
could just move their stake to alts and “self-vote” that way.
I have strong feeling that this seemingly unsolvable conundrum will come to haunt...many things.
RE: My last post about blurt and it users - I'm done with all the blurt bullshit....
You are viewing a single comment's thread from:
My last post about blurt and it users - I'm done with all the blurt bullshit....
It will - it has already. Is a deep flaw.
Put in different words, it means voting becomes vote-mining, with potentially zero content-voting. This would not be so bad if the site wasn't supposed to be a content-centred platform.
The flaw is that such vote-mining does nothing to improve the content-voting.
One solution, that Hive has done, is to pay a huge 20% APR for buying HBD and doing nothing, compared to a lamer 8-10% curation rewards. Thus, profits from stake are higher than voting and they don't interfere with content. (in theory, I'm not going down the DV route, I'm just assuming a similar system transported into Blurt - which was discussed many months ago before Hive ever thought of it ;-) )\
I imagined a blockchain blogging platform without any monetary value, ie no vote rewards at all. except for staking for the tokens liquidity on exchanges. Thus we would need many use cases ready to go at launch. Alot of work but feasible. Then, this way people can just donate liquid tokens directly to the users if the choose.
or...
Can a blogging graphene chain without the need of a token be created?
What would be the purpose without a token?
One can even keep the token as a measure of "likes" but not have the token exist anywhere else would give it zero value.
I still see the fundamental problem is that the chain is designed to do 2 things, but the simplicity (naivety) of the algos means the 2 things do not support each other, instead they interfere with each other. But that is the nature of every POS - stake is more important than any other function.
I had a proposal some months back about separating the investors and bloggers by splitting the reward pool into two. A user could thus use their BP either to vote on posts or to yield passive income - the two pools would be dynamic, so wouldn't end up with all BP in one pool.
I could look at this again if the idea seems attractive.