So in a way, crypto is slowly creeping towards the same vices that it seeks to remove from the economy?
RE: Sample of "nothing at stake" peoples, empowered on 6th day by voting bots!
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Sample of "nothing at stake" peoples, empowered on 6th day by voting bots!
Yes, except maybe not slowly.
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I guess pure market rules can't ever keep human greed in check.
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Afraid not. As long as an exploit exists, there's gonna shady people to take advantage. It's the nature of man.
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Hmmm. I guess there should be some system of admonishing such behavior, so that people can be dissuaded from repeating the mistakes.
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People are people.
Such a wide range of human attitudes surely makes it inevitable.
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I guess we need to introduce some kind of authority at some point
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I don't know exactly how an "authority" would be implemented in a decentralized ecosystem. However, I do think that better self-policing mechanisms would be a step in the right direction. On that note, you may be interested in the following initiative. The idea is to reward users to flag abuse, overvalued post, etc
https://steemit.com/@steemflagrewards
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By authority, I meant a system by which users can collectively help in keeping spammers and such other content in check. This initiative is actually like what I had in mind.
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