Actually mining kept going for quite some time after steemit launch. Though it didn't really matter. Though we cannot fault someone from being in the right place at the right time. That is not their fault, so they actually did nothing wrong. It was a lack of thinking through the rammifications of dumping some super powerful people into a new ecosystem that was not truly worked out I think. Not surprising, this is the first of its kind.
RE: Moving to hive
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Moving to hive
They didn't do anything wrong, the system is wrong. I wrote a post about how to fix it: https://steemit.com/steemit/@emble/will-steem-succeed-or-commit-suicide
I do think that the value of steem wont pickup unless a major change is made.
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This is actually a problem with the current curation system. People begin to dogpile popular people. It is part of why the curation system is broken now. People who pick the topics that will do well. Of course they will do well if the curators keep always picking the same people. It is a sure fire reward, but it is crap for the platform.
No way to detect them so you can't really make them not allowed. All they are is code to act like people. So any detection attempts will also flag people and once learned can be circumvented. So you cannot eliminate bots. That is why they haven't been.
This can be easily gamed. By the method you have defined curation reputation can be easily farmed.
The current reputation system is the only thing that seems to have a limited effect against abusers. It is not perfect. Yet to gain reputation you can only gain in reputation when someone higher reputation than you up votes you. You can only lose reputation when someone higher reputation than you down votes you.
As you climb in reputation the advancement becomes slower and slower as there are fewer people above you to help you increase.
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There should be something like a simple captcha to upvote, so that bots could not vote.
From what I understand, reputation is mostly affected by SP. People with high SP can ruin reputation of people with less SP. For example you with your 72 reputation can't downvote a post that has $100 to 0 because you don't have enough SP. Correct me if I'm wrong.
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Captcha would work if steem blockchain was centralized... it isn't. There are many different ways to access it beyond steemit, and growing. Most bots don't even actually go through steemit, though they can. Captchas work great on centralized systems where the only way to access them is through one web page. Yet centralization makes it vulnerable to take down.
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I'm sure there is some way, we just need to be creative.
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Code is easy to circumvent in MA NY cases, and can introduce new issues in others. A lot of our solutions can be done by the community by people, as opposed to trying to force it with code.
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Correct. At 100% my power is worth somewhere between $3 and $4 right now so that is the most I could reduce a post.
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So that means that the current system is. The higher the SP the more power you have to downvote and ruin reputations.
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I could harm reputations if I down voted. I generally find almost no reason worth down voting.
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You can't harm reputations if you downvote a $100 post. You can only harm reputations of people with less SP then you.
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I know.
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I'll read your post.
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Thank you.
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I think that there are rules about how you can offer securities to the public, and that the mining of Steem at the outset, and then ending mining, is wrong, because it disadvantages folks after the cut off.
If the mined Steem had been relegated to the rewards pool then there would be no issue, as no individual person would have been able to enrich themselves from mining.
That clearly isn't the case, even though @dan said he intended to disburse his mining proceeds later. He has retained it.
Caveat: I am not a lawyer, have no legal opinions that any sane person would respect, and neither want any of this to happen.
I want Steemit to succeed grandly, and do to Fakebook what Fakebook did to Myspace.
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Before it was cut off a few had determined pretty much how to corner it from what I was reading so there was not really much benefit for new miners. I could be completely wrong here, but I vaguely recall people talking about something like this.
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