Agreed. Wisdom of the crowd just doesn't work when money is involved. Increasing downvotes and as a result, toxic behavior, is a terrible idea.
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Agreed. Wisdom of the crowd just doesn't work when money is involved. Increasing downvotes and as a result, toxic behavior, is a terrible idea.
Except downvotes or negative votes work in any other social media system. So because users won't get paid out every post now its an issue? Just remember what system we came from. This no way at all effects how users post.
You can almost bet anti-abuse groups will pop up because of this. And their incentive is the curation the get for helping someone out who was attacked. So its a win win.
Neither @curatorhulk nor @freezepeach who have undertaken to mitigate flag abuse concerned themselves with financial rewards in the slightest. Their incentive was non-monetary. Society is far more valuable than it's economy, and disregarding that is less than optimal.
I dunno what happened to @curatorhulk, but @freezepeach is around. Instead of postulating their motives from nescience, just ask them why they do it. Curation rewards already exist, and no one is countering flags to receive them, nor have I ever heard of anyone doing so for that incentive. Far more valuable returns were their goal.
Fairness, opposing bullies, censorship, and idiots are all real reasons people have acted to oppose flags. Apparently, those are more valuable than curation rewards.
@curatorhulk is still around! I've gotten upvotes from them (and I'm not a target of flags).
That is good news. Last time I approached them about some friends that were being flagged I received no response from them.
I flag trash. You have received a flag.
I flag trash. You have received a flag.
This is completely different because money is involved. When money became involved it changed the game. It can't operate like any other system. The community has proven that downvotes will not be used altruistically or responsibly but instead levied personally. Which will happen again here for the vast majority of downvotes, guaranteed.
Nothing has been 'proven' because what happens under one set of economic rules and balances are very different from another.
It could very easily work out exactly the opposite of what you are claiming because the trolls are willing to pay the high price for their abusive downvotes, but others are not willing to pay that price for altrustic annd beneficial downvotes (which increase rewards to legitimate users and contributors by pushing them back from the milkers). So by keeping the cost of downvotes high, as it is now, you end up with only abusive downvotes and toxicity, but with cheaper downvotes you have non-trolls willing to use them for good.
Lol of course. You can make any counter argument for just about anything and we can't 'know' for certain how it would go unless it is first tested. However, stepping back and thinking logically, do you actually believe that is how this is going to play out? I think we both have a pretty good guess as to what is most likely to happen with free downvotes... and that is them being used primarily for personal reasons as opposed to responsible and altruistic curation.
Given that context I highly doubt this change ends up encouraging people to purchase steem and likely is a net negative to both the price of steem and steemit.com.
We agree on this
I think they are likely to be used for both. In fact they already are, just on a very small scale, and that small scale introduces a severe imbalance in the system which opens it up to a vast degree of milking and other value-destroying behaviors. That is a far bigger problem than a relatively small amount of trolling. That is my view.
But, again, we don't know until we try. The rate of iteration on Steem/Steemit is far too low in my view. If we only get to try something every few years there is really no chance of reaching a better outcome before Steem sinks permanently into obscurity.
Then why not test things with SMTs and communities first before implementing them on a larger scale that takes so long to implement changes?
It will be at least months before SMTs are ready (I don't know the schedule for communities) and even then will likely be additional months or years if ever before any SMT becomes large and valuable enough for such a test to be meaningful at all, and even then it won't be clear whether such results would scale up to the entire Steem platform. For the foreseeable future the primary concentration of value on Steem will be the STEEM token and therefore the native Steem reward pool will be the primary motivator of voting behavior.
Honestly, SMTs and communities were a bit of a scam sold to us by Steemit as being something that: a) going to be was finished in a reasonable time, b) would instantly power all sorts of large and valuable projects which don't currently exist, and c) would successfully compete with countless other existing and in-development token systems in the blockchain world. Maybe (b) and (c) would have had a better chance had (a) actually occurred, but it didn't.
To be clear I think SMTs and communities are fine and I'll welcome them when the come but they aren't even close to a panacea to solve all of Steem's problems the way many seem to suggest (nor do we have even the remotest idea when they will actually exist).
There are efforts under way to attempt to improve this as well. We'll see. But I'm not in favor of putting all eggs in the SMT basket for sure. I'd rather take advantage of all of the available opportunties to try to move forward.
People don't flag whales because whales can flag them back far harder, not because it costs them VP to do so. It takes thousands of minnows to flag away bot votes on shitposts, and they're not going to do it. One whale can flag them all into the negative and then none of the minnows posts will be visible at all.
The only people that will take advantage of free downvotes are those that already use their VP to downvote, either because they don't care if they're flagged into the dust, or because they have enough SP to deploy.
I flag trash. You have received a flag.
You neglect that minnows can be crushed by retaliation. Making downvotes free to minnows does not protect them from retaliation. That's the real reason minnows don't police whales, not because it costs them VP to flag.
I flag trash. You have received a flag.
I mostly agree, but I would say it is additive. You have the risk of retaliation and also the cost. Reducing the cost helps somewhat, but it doesn't go all the way, and indeed may not work.
The whale experiment was completely different. It was 2 whales capping influence at X vests. Any vote that was cast that was higher than that amount was countered (negated) with a downvote. It had nothing to do with quality. It was simply removing the largest votes so everyone else's votes had more influence.
The whale experiment you refer to achieved exactly the purpose of the Huey Long algorithm I have proposed: limiting the profiteering potential of perverting curation via financial manipulation.
The only differences were that the algorithm was different, and it wasn't cast in code, but done by altruists. It didn't last because it wasn't cast in code as the Huey Long algorithm would be. No downvotes would be necessary from the Huey Long algorithm to achieve the same purpose.
I flag trash. You have received a flag.