"I'd much rather see the content reward pool completely removed"
Goodbye to Steem then? You forget it is a crypto currency, and the distribution of that cryptocurrency would become a whole lot more difficult if it weren't for content rewards.
What about every PoW out there? Bitcoin does not have a reward pool other than mining rewards and works just fine. A cryptocurrency does not require a reward pool like on Steem to work let alone be successful.
My point was that prior to the introduction of the EIP in HF 21, Proof-of-Brain on Steem worked so badly that it would've been better to remove the pool completely and just let STEEM derive its value primarily from its other characteristics such as how SP confers Resource Credits and how it has fast and feeless transfers, human-readable addresses, different keys for different types of transactions to enhance security and even an account recovery system.
I have no idea what else is a more democratic way to distribute crypto than via some sort of proof of person. But proving that would be a bit difficult, if not by writing and creating content that then would be rewarded.
Steem has no Proof-of-Person and anyone can create as many accounts as they like. In fact, it stands to reason to assume that the vast majority of the 1.3 million accounts on Steem were used as foot soldiers in vast bot armies used by large stakeholders to vote farm. Thanks to the sublinear curve, that sort of thing has abated to a degree because it is significantly less profitable.
If you have a better idea, please share.
The current system in place with the 2.5 full downvotes per day worth of voting power per account in combination with the 50/50 author/curator split and the convergent sublinear curve. On balance, that works much better than what we had prior to HF 21.
But it does. 21M reward pool for proof-of-work. That's exactly what it is, it's a distribution model. And that didn't work for Steem either, hence it was ditched.
Explain to me, how are the actual rewards to be distributed then. Since this system doesn't seem to work. There are these self-proclaimed heros making life unbearable for everyone who just wants to do their thing and not be bothered with these wars.
@mmmmkkkk311 is just jealous that his system didn't work and this other system seems to be better, as at the least it is more democratic.
But that doesn't answer my question. If this current system is broken as it allows piss-for-brains like MK carry out their little revenge campaigns without no recourse. What is your solution?