And how do you foresee that cutting the author rewards will cause the price to rise?
Is the price of STEEM depressed because authors are making too much?
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And how do you foresee that cutting the author rewards will cause the price to rise?
Is the price of STEEM depressed because authors are making too much?
It's depressed as much as anyone who look at the trending page ;-)
What do you suppose the result would be if author rewards were reduced and curation rewards were increased?
Would there be more tokens available for immediate cashing out in order for authors to "get paid for blogging?" Or would there be more tokens being distributed to users who have their STEEM locked up in SP...and receiving those rewards as SP?
Which do you think would have the most likely immediate impact on prices?
So there's that...and then there's also this...
What do you think would incentivize more people to buy STEEM and power it up? The ability to show up and post content without any investment at all, risk-free, and earn rewards for doing so? Or the ability to simply upvote content and earn a percentage of rewards based on how much STEEM they have powered up as SP?
Nobody needs to buy STEEM in order to earn post rewards. But you can directly impact your ROI by purchasing more STEEM, powering it up, and upvoting content.
Which would you rather see more of when it comes to STEEM price action? More people showing up to post and "get paid?" Or more people buying STEEM, powering it up, "getting paid," and rewarding content creators?
I know which one I prefer.