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

in #dpoll5 years ago (edited)

Raising the rate at which profiteers extract rewards by financial manipulation, such as selling votes, will only make the problem worse, and continue the downwards pressure on the price of Steem that diminishes all our stakes. That is exactly what raising curation rewards from 25% to 50% does: doubles the share of the rewards pool you can parasitically extract by selling votes, literally renting your stake.

Eliminating the incentives to pervert the mechanisms intended to market Steem by creating incentive to produce quality content will restore the mechanisms intended to create capital gains. I therefore posted mechanisms capable of effecting elimination of those incentives, and that instead create incentives for stakeholders in the form of dividends for delegation to development, to effect capital gains. Despite your base financial rapine, even you would profit more from capital gains than ever greater extraction of ever shrinking tokens from the rewards pool. In fact, the more substantial the stake, the more beneficial capital gains are to the stakeholder.

Whether you are capable of grasping that fact is not my responsibility. Your prosperity and felicity depends entirely on you yourself. I encourage you to prepare either to flee to another host to parasitize when Steem falls to prices that make it useless to extract with such machinations (as the result of doubling the rate at which the rewards pool can be parasitized, and the concomitant abandonment of the platform that will engender), or to switch business models to promote development, marketing, and creating capital gains that will benefit not only you, but all Steem stakeholders.

Increasing the financial rewards for voting for content does not increase the propensity to vote for quality content. It is exactly the opposite of that in it's effect, and your support for every mechanism that increases the degree of parasitization that can be effected belies your claims you care at all about curation itself. All you care about, or concern yourself with, is extracting profits. Therefore it isn't surprising at all to see you promoting doubling the rate at which profits are extracted by your voteselling enterprise.

Who'da thunk it?