Just a brainfart -solution about Guilds and Selfvoting... (discussion welcome)

in steemit •  8 years ago  (edited)

Just to be clear upfront:

No matter how the distribution and curation systems will or will not be changed, I think voting is and will always be key to this platform. This said, it is a logic consequence that those who have (and those who manage) voting power have a huge responsibility and impact on the "face" of steemit. I strongly believe that those who invested in this platform so far, are more than aware of that. And I also believe that careful voting has to be and should be rewarded. I try to be very short now...

The matter:

Most people react not by logic, but by feelings and these days there was a lot of discussion and "bad blood" about guild voting. Among others there is Ned providing his Steempower to guilds, so that good content of qualified posts can be rewarded THIS IS GREAT. (I earlier questioned the rules, but that is beside the point now)

As I understand it, the benefit should be:

  1. good and steady posting should be rewarded to motivate further good content
  2. those providing their SP get rewarded with nice curation rewards

The problem:

Good work has to be paid. For the moment it seems that the actual payment is a regularly allowed selfvote for the guild members. This of course distorts the purpose of the whole project. "Intelligent" bots even make this distortion much worse, because it is VERY predictable that guild members get a whale vote almost for sure on a regular base. Additionally (and I did not see this point in any other post yet) The guild members "know" where the whale vote will hit, which gives an enormous advantage and represents an additional "payment" by the possibility of prevoting on posts that will get whalevotes.

This leaves a lot of steemians (myself included) with a strange gut feeling of injustice.

A possible solution:

(I limit this to neds case, because I was too lazy to calculate it for the whole thing)
At the moment ned alone gets about 600 Steempower / week for curation, which is for a big percentage not made by himself. This means every vote brings ned about 1 SP on average. Why not give a % of the gained curation rewards as "payment" like the service of biophil does it (at least I guess so). This would imho bring a justified payment to the designated curators (If those in charge at the moment will not do it for so little reward, I am sure there will be found some). The relations to the steemprice and the active accounts would be much more reasonable and finally probably more SP holders could be persuaded not to let lay fallow their SP holdings (= leave VP unused). Last but not least it would be a transparent way of rewarding the efforts of the steemguilds which much less induces the feeling of injustice for apparently most of the users here on STEEM.

Probably this kind of "payment" could easily be performed by a bot calculation (calculate for week x the amount of steempower generated by following trigger account xyz, exclude votes with %y and send amount to z)

If one day (and I still hope so) we will reach mass adoption this kind of service could be a very lucrative one. We do not need a selfprotecting and selfgratulating civil service, but we need instead involved users, caring about growing this platform to the level it deserves.

PS: Personally besides my own manual voting, I let my VP (by bot, yes) follow @shaka, where I can be sure that the curation is done manually. When I check his selected posts from time to time, I not once found an article I would not have voted myself.

badges thx to @elyaque

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@pollux.one

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If only I had the steem power to put this on the trending page...

Thx so much! I really wished more people would have read that post :-)

  ·  8 years ago (edited)

Thanks a lot for the mentioning @pollux.one. I´m glad to hear that you seem to largely agree with the outcome of my curation efforts.

I like your idea of making curation rewards the only source of income for curation efforts. That´s why they are there, I guess.

What I would wish to see is the possibility to split curation rewards in the same manner as this is already planned for author rewards in the near future (see here for more information on planned reward splitting). Every user who decides to delegate his VP to a trusted curator (or guild) could then allocate a certain amount of his curation rewards towards those who are doing the actual curation work. This could foster a significant economy around curation.

The mentioning was of course well earned.

I like the curation split idea much! This could be part of a smart contract and support further time and SP investment into curation projects.

HF17 has new feature, SP delegation. It delegates one's voting power and all right for curation reward to other account. If Ned delegates all his voting power to Steem Guild curators, he won't get any reward while curators have.

But as your wonderful suggestion, curation reward share is needed in order to incentivize whales and to support curation guild operation. E.g. a whale delegates his voting power to a curator of a guild, and the curation rewards are shared 1:10:89 among guild:whale:curator.

If this will end the above mentioned distortion, I will be a happy person!

Thx for answering!

As others have pointed out, with HF17 there will be Steem Power delegation - this debate should be a thing of the past.

Also, a pet peeve of mine - I feel it's unfair to conflate all curation guilds under one banner into "Guilds". There are various different types of delegated curation. You may have a problem with one guild, but it may not apply to others.

I am looking forward to that Steem Power delegation. Not sure though if that resolves or cancels the selfvoting issue.

And true that I should have been more precise about "guilds". Still I guess everybody knows what I am talking about. I tried to be short (because I tend to build textwalls), you can see this a reason not to have pointed out this more accurately.

Finally, I don´t "have a problem" with any guild work. I am indeed sure that most of them work "for the best". I just see a lot of bad blood and as I really care for steemit, I am trying to provide ideas.

Thanks for precising and for answering!

This post has been ranked within the top 25 most undervalued posts in the second half of Feb 23. We estimate that this post is undervalued by $8.38 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Feb 23 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

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