It has been suggested that Steem should adopt an "up vote only" system for allocating rewards. I want to demonstrate how this is impossible in a decentralized system. The real goal is to eliminate "punishment"

Steem suffers from a problem where rewards from voting abuse are privatized while the costs associated with the behavior are socialized. A sustainable system needs to have well balanced rules. For every

The probability of losing your Bitcoin balance is orders of magnitude higher than the probability of losing your banking balance for the vast majority of people. The typical response is that you should