Before a Norwegian soccer-match is being played, the captains of the two teams agree to "fair play". This culture in Norwegian soccer has after it became a thing, reduced accidents and the number of red and yellow cards.
However, our fair-game culture does not work in international competitions were you play against other teams that does not have the same fair-game practice in their gameplay, and often do the Norwegian National Team lose to other National Teams because of it.
Team Steem - A crude writeup about reward-pool and what is in it and why:
There is about $7000 worth of tokens in the daily reward-pool because of the low market-cap of STEEM, if STEEM doubles in Market-Cap there will be about $14,000 worth of tokens in the reward pool or if let us say STEEM should drop to 1 cent, well - then there will only be $700 worth of tokens in the reward-pool.
So how do we solve this fair/unfair situation that has everybody talking? Well, spreading awareness in layman terms so that people understand why some days rewards are low and some days rewards are high is one way to do it, now that you know that there is only $7000 Dollars to go around to the 1400 blog-posts that will be made today and the 5000 comments people will write it should be pretty obvious that we must up our financial-culture, but wait a minute - most of our users do not know what the daily reward-pool has, so this could be visualised on @steemit, @busy.org, @esteem like this:
How the Reward-Pool could be displayed to logged in users:
The first example shows todays situation, the second example shows a doubling in steem´s price and the last example shows the peak-value of the reward-pool when a STEEM was worth $4.50 and not $0.10 like it is right now. And I am using very crude numbers for the purpose of saving time and make you do the fine-calculations yourself ;)
Posting-Rewards could also be displayed as % of the reward-pool, so let us say a post has earned $70 divide that on the reward-pool which is $7000 and time it with 100 and the answer is 1%. (70/7000)*100=1%at this market-cap which at PEAK-VALUE would be a $3150 Post if the price of STEEM was $4.5 which it most likely will be again in the future.
STEEM, USERS & INFLATION - How to manage all this in the future?
Alright, so this is a tricky one - Current Inflation in STEEM is 9.5% and we do not have a "COIN CAP" like Bitcoin has, nor do we model ourself after Bitcoin anyways so our system - STEEM - needs other metrics to make sense for investors, and there are three factors that are important in the long run
- User-Growth
- Active Users
- Market-Cap Increase
I made a pretty crude display of how this will look like in the future, in my model I have made a yearly reduction in Inflation all the way to zero in 20 years, just to get a feeling on how much coins would be in circulation in 20 years, so basically a "BS" model, just to get an idea and a reference point for future talk about inflation and user-growth.
(Click image for fullscreen)
Steady User-Growth is great, if we can manage it from 500 accounts with enough steempower that matters, but I have a better idea
I have only heard the slogan "Power to the People" but I have never seen it in action. And at some point there will be too many users making too many posts and comments creating somewhat a bottleneck for future growth. I am sure you understand that it is easy to vote for 1400 posts per day then it will be to vote for 14,000 or 140,000 posts per day if you catch my drift. So what if I could simply go into my steemit-settings and click a button that delegate my steempower/vote-power to the "5000 most active users the last 72 hours with a reputation over 55" for example. Each of these 5000 accounts would receive 1/5000th of my votes to play with while I keep all the curation-rewards, because - if you want to earn curation-rewards you need to invest like the rest of us.
It could look something like this on the settings page
Gangnam Style & That guy that cried LEAVE BRITNEY ALONE and other Viral stuff
In Google it is not the shareholders who do the youtube-video voting, and on Facebook it is not the shareholders who like your content - can you imagine the workload if facebook-staff had to do all the liking and disliking? lol, they got 1.6 Billion users over there, or so they claim - but it is clear to everyone that all the social medias work best when everybody has an equal vote, or can climb a ladder (reputation+normal activities) to get more vote-power, while the shareholders - SteemPower owners can do other things like talking about how great their steem-investment is doing to their investor-buddies while the masses read and write and upvote and downvote the way they see fit.
Of course it must be an option so we do not force anyone into something they may disagree completely with, but I think it will work, I actually think that giving the "Vote Power to the People" and "Curation Rewards to the Investors" will make the steemit experience more fun and more profitable for everybody.
Tell me what you think in the comments below, and have a blessed day! oh, and if you have not yet, come and vote up fyrst-witnesson the witness-list by clicking here, Thank you :)
