A few thoughts on the worker proposal system... was there any point my voting?
I finally got around to voting for some proposals - only a few, one of which was the request for funding from @steempeak as I use it a lot and it's Steempeak's proposal interface that's helped me understand the whole system, and is going to help me keep track of who I've actually voted for.
Link here: https://steempeak.com/me/proposals - I've no idea if that link will take you to your proposal support page, my proposal page, or just give you an error page, hopefully yours, because it's a pretty useful.
I also voted for @steemonboarding funding, and @demotruk's burn proposal, although I think the later might be a little heavy at $1000 SBD per day! Oh and @themarkymark's blacklist API, among a few others I like the look of.
However, I'm fairly sure none of the proposals I voted for are going to get funded because of @gtg's return proposal vote which is sitting at number 4 ATM - anything below that doesn't get funding as I understand it?
Not sure I agree with this (I haven't voted for it) - while it may allow for the 10% of funding to pool at the top and allow for larger projects to get funded and be sustained, this is at the cost of funding smaller projects, many of which I support, if I understand it properly.
I'm not exactly overjoyed at this situation. Even though I've got 25K Steem I feel completely powerless to actually help fund many of the projects I support!
Of course it is quite possible I may be missing something and that this pooling of funding to a handful of projects at the top is just what's going to happen anyway!
Still early days for the SPS too.
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It's a stakebased voting system as you know and I also feel completely powerless in any of it. I have about the same amount of SP and in the current distribution we actually really are powerless.
I guess if enough people felt compelled to vote for something which happened with SteemWorld it could get passed at least for a while.
In any case due to distribution my account is around 600th ranked by stake and I also feel totally powerless.
I have mixed feelings about this too. I do think that gtg and the others voting for the return proposal are really acting in what they feel is the best interest of Steem, but it certainly is a bit depressing.
I'm sure they have there reasons, no doubt it is to do with the real costs of development, but as you say, it's depressing and does make one feel a bit useless!
And I just went on steemfriends to check out my ranking, no longer working due to an increase in the steemsql subscription, damn I liked that tool too!
Have you looked at this? I think it's set to STEEM Power right now, but it has all kinds of different rankings. https://steemitboard.com/ranking/?p=29&s=vests&hl=revisesociology. Looks like you're at 741, but whatsup ranking is different than what she quoted so I'm not sure what the difference is.
Oh hey thanks! Not sure how often the data is updated, but it gives me an idea. Amazing what a 5K power up can do to your ranking - boost it by about 250 places!
For the time being it’s not worth voting since only a few actors have really the power to make a difference here. Anyway I hope it would be more decentralized in the future
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It’s fair to say stake based voting works well - as long as stakeholders vote - but I fear many of our active stakeholders don’t even know about SPS yet let alone vote. I have been trying to raise awareness in my Witness updates - but it feels hopeless when we have so many inactive big stake holders to.
The idea is sound, we just need to encourage more people to get involved - while massive stake holders can tip the edge - adding a massive chunk of average and less holders can make a difference. We just need more people to get interested in the projects and vote for them. @tipu curate
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Upvoted 👌 (Mana: 20/25 - need recharge?)
Interesting point - come to think of it the total vests for even project 1 on the list are quite low compared to overall vests.
Inactivity seems to be the trend around here these days!
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I like the idea of a minimum cutoff and cutoff being weighted by stake of people's votes, but if a few large whales vote for that proposal and then afk for a few years, it's going to take a lot for projects to get over that hurdle or just be impossible.
It would be nice to see some sort of decay system possibly implemented in the system where if you didn't renew your votes (somehow) on a certain frequency the weight of your vote would begin to decay. Let's say after 1 month if you didn't renew/update your votes once a month in the SPS system your vote power would decay by 1% per day until it reached 0.
It could be as easy as logging into the SPS system and clicking on a link that says keep my votes the same, but it would at least keep the SPS system fresh and active requiring people to at least visit the page and maybe discover a new project that they could add their vote too.
I think there's a lot of merit in vote decay here, and for witness votes too!
There was some talk at SteemFest about possibly introducing a decay process for witness voting, also doing so for the SPS system would seem to make a lot of sense.
What happens if a huge whale votes X and then dies without having given a spouse or someone else access to their keys?
The blacklist API is a particularly bad idea.
Germans got blacklisted for speaking their mind and it takes one bad informant and you can wave your account goodbye forever.
As I already mentioned. You really need to put your tinfoil hat back on.
Tin foil alert explained in this thread:
https://steemit.com/spaminator/@stayoutoftherz/spaminator-what-are-you-doing#@logic/q278q6
I agree, the thread explains everything.
OK cheers I will look into this!
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stop flagging me or autofollowing flags on me dude.
I disagree with the rewards you get on your mainly 1-2 line posts, I do review these things on a regular basis.
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