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RE: For a better Steem, remove the Steem reward pool

in #steem7 years ago

@liberosist:

I'm not sure game theory scales up to societal levels.

Not sure how far it scales, but if auction theory applies for a massive use case like Google's AdWords (see the wikipedia excerpt in my earlier comment), I guess it should have something to say about a platform the size of Steemit.

I agree with this (@ocrdu):

I don't think the original game-theoretical thinking that went into Steemit goes far beyond the one-shot prisoner's dilemma

Although, to be fair, they did incorporate the idea of a reverse auction into the early voting penalty, so it eventually extended slightly beyond the basic prisoner's dilemma, and into auction theory.

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Auction theory will most certainly scale up in size and numbers, but I doubt it has the necessary width and applicability when it comes to modelling group or societal behaviour that is more complex than an auction. What I mean is: I doubt it can model Steemit well enough to do predictions. I hope I'm wrong though, as it could help if it would.