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RE: Should We Raise Curation Rewards From 25/75 To 50/50?

in #dpoll5 years ago

I support the restoration of 50/50 rewards on a post (50% to the author, 50% to the curators). The change to 75% author rewards was extremely damaging, IMO, and led to excessive self-voting and finally to the bidbots we have today.

I made a post on this issue a long time ago that covers my reasoning in depth: https://steemit.com/steem/@blocktrades/voting-abuse-and-ineffective-curation-a-proposal-for-blockchain-level-change

I haven't voted in the poll, as the security of my active key is extremely important, but I would vote in favor of returning to 50/50 split, otherwise.

As a side note, the display of stake-weighted voting seems broken on dpoll right now.

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As a side note, the display of stake-weighted voting seems broken on dpoll right now.

Thanks! I have identified the error in the logs. Will be fixed with the new release. It happens in rare cases - should be ok most of the time.

You should be able to send the operation manually without requiring to use your active key in steemconnect or keychain.

Yup, it's possible to vote without keychain and Steemconnect. Here is a proof of concept.

I don't as a rule self-vote in part because of the 75/25 split ... I definitely will should it become 50/50

Judicious self-voting was originally intended as part of the system: having more stake meant you could bring attention to your ideas/messages. This would also give users a reason to accumulate Steem (there has to be a reason to hold Steem, otherwise it won't have any value, and there will be no reward pool to speak of). On the other hand, if you self-voted on entirely silly things, the idea is that you would get downvoted.

Such a simple concept yet so hard to understand.

@blocktrades, concerning the reason to hold Steem, I think commerce is the best reason of all. We need to get more businesses selling everyday things on Steem.

Yes, more business buying/selling with Steem is definitely super beneficial. That, after all, is the original design goal for cryptocurrency. But it's a tough nut to crack because it's competing against an entrenched competitor (fiat currency) and it's been an uphill battle for all cryptocurrencies to make a dent there. One of Steem's advantages over many other cryptocurrencies is that it has other reasons beside commerce for holding it.