then the vote selling services / self upvoters will simply adjust how they work to take advantage of the new model.
Im glad to see someone a bit more reputable then myself is putting this forward.
The problem here is that those that are for 50/50 have a overly optimistic view of the outcome. No one for one second is even willing to consider the fact that vote selling services will simply adjust.
Not only am i against this proposal, i fear it. Imo, Its probably the worst idea with the biggest support right now.
STEEM community size and retention are in direct correlation to the STEEM price meaning that if you cut author earnings you can expect a lot of content creators to leave and user numbers drop off. Assuming that vote sellers that are completely uninterested in curating will suddenly start curating after the vote selling services adjust is completely unrealistic.
The only time a cut in author earnings should be encouraged is if it leads to increase in price of STEEM. For that very reason im advocating for the cut to happen after the @blocktrades DAO is live and the inflation to be used to fund projects.
- The loss in author rewards goes into improving the STEEM ecosystem which should by all account increase STEEM price.
- Vote selling will be reduced due to lower demand and bots will have a much harder time adjusting since the curation would remain at 25%
Instead of giving a few curators more money and fixing nothing, i think this is the proper path to take that would have a much greater positive effect.
I absolutely agree with your reasoning here, except in the DAO. Perhaps I misunderstand what you mean, but I understood that author rewards are going to be redirected (as inflation, prior to being filtered out via upvotes) in part to the DAO.
This amounts to a tax, and the creation of a central taxing authority, which equates to a form of involuntary government. I'm agin' it. I'd be happy to pick and choose developments or individual devs to support, with upvotes, beneficiary rewards, or any voluntary mechanism.
Please clarify if I have misunderstood.
Also, @edicted recently posted regarding making curation rewards a slider chosen by authors, who could set curation to 100% if they so chose, or at any level they want. I'm fully in favor of this, as it empower individuals to make that decision - which is the way a decentralized blockchain should work IMHO.
Thanks for summing this up. I've had a very similar view on the proposal ever since it came up and none of the arguments so far have been able to convince me.
There's a lot broken about the platform, but I also don't think the 50/50 will improve it, it has potential to make it worse.
What do we want to achieve? We want quality content to be created, made visible and easily consumable for users so that they are motivating to stay on the platform and engage with it. Would we want to distinguish between certain types of content? Sure. Would we want to incentivize creating long-living content (which probably is more work and therefore bears higher opportunity cost)? I would think so. Will there be bots exploiting any system we set up? Most definitely.
With 50/50, no more quality content will be produced (less incentive may even mean less of it). Will curators looking for rewards vote for quality content or the content that is most likely to receive large votes after they voted? Is that different from what it is now? Hard to imagine.
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Indeed, my proposal for the structure of the coming SteemAlliance Foundation was based on evergreen voting for content, including development proposals, which can be withdrawn at the sole option of the stakeholder.
I see 50/50 mandatory curation as simply increasing the rentier income extractable from the various mechanisms extant and used for that purpose, none of which actually create incentive to produce quality content. They rather degrade it, and the optics are terrible.
Actual investors with substantial stake would be railing against this proposed increase in profiteering, because it will only decrease upwards pressure on Steem price, and make capital gains even less likely than they are now.
it is all about the culture . If there is a disaster like an earthquake happen, most country will immediately go riot or looting.
Yet in Japan , the citizen line up and behave properly.
If you left your bicycle unlock , you can bet it will go missing immediately in most country but in japan , it will stay there most of the time.
As you can say, it is all about the mindset or culture .
Just because I'm touchy, I'd like to point out that where I live, when floods or something happens, my neighbors and I head out and see if we can help our neighbors. I often don't even lock the door to my house.
What may be a national culture in Japan is much more regional in America. The 'flyover' parts are better folks.