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RE: Hardfork 21 - Steem Proposal System (SPS) + Economic Improvement Proposal (EIP)

in #hf215 years ago

what appears to be a more than 50% reduction in their rewards

It appears to be. It isn't. It will be less.
Curators will be more incentivized to search for a good content and upvote it.

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Precise math behind this is actually not that important. What interest us more is what are the precise procedures that will be implemented after the HF21 to keep the current content creators and attract more new content creators? I do get the more appealing look on the EIP with convergent reward curve from curators point of view. But how are you planning to resolve the other (more important part) part of this equation - content creator? I do not believe that you have this foolish excuse of - let's "hope" for a price increase?

Not after HF21, it is within HF21. That very change that empowers curators is good for the authors. Or at least good for those authors who create valuable content.

Currently SP holders are lured by profits from paid voting services. Content is irrelevant. With new model if you decide to curate good content instead of selling your vote you won't be on a losing position.

That increase the chance for content creators to be upvoted without paying for votes.