(JaiChai) Platform Economics, Meritocracy and Self-VotingsteemCreated with Sketch.

in steemit •  2 years ago  (edited)


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"Whether it's good or bad, this fact remains: It still is..."

The economic design of this platform is based on a meritocracy, making it much easier to achieve anti-fragility.

The self-voting option is accommodated via limited payouts commensurate to SP or HP holdings; thus, no matter what the percentage a voter receives, the payout is already factored into the overall economy.

If this were not the case, then self-voting would have never been part of the original design.

Comparative percentages is not a standalone metric showing true impacts on the economy. It is only part of the equation and often used to mislead.

Again, percentage does not equal actual amount received by a voter. Payouts are strictly commensurate to the SP or HP.

Those with low power (like me) get less than high power people.

Early adopters and future whales knew exactly what they were doing with their "noteworthy, gracious and selfless show of platform support"; that is investing in the platform by purchasing STEEM or HIVE.

Of course, simultaneously, they were also accumulating as much SP or HP as possible and increasing the value of their vote in the process.

Now ponder the optics vs. impact here:

While one self-vote looks far less sinister or selfish than the hundreds of another, if that one self-vote is by a high SP or HP Early Adopter or Whale, the impact (payout) is exponentially larger.

Nuff said, or should I say, too much said about voting and economics.

Wish I had time to explain why there is a minimum wait time between posting.

And given this wait time, ten or even twenty posts per day is nowhere near the maximum posts allowed per 24 hours.

Submitted FYI.

May you and yours be well and loving life today.

In Lak'ech, JaiChai

(JaiChai 19 Jul 2022. Simultaneous multi-site submissions posted. All rights reserved.)

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