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RE: Understanding Steem's Economic Flaw, Its Effects on the Network, and How to Fix It.

in #steem7 years ago

As a content creator I wouldn't mind increasing curation rewards especially if it created more engagement on posts. I think the network that grows around me through this will balance out any lose. Now it seems that most users have more incentive to just farm way their votes and this is reducing the desire for users to create the good content which I was hoping would be a cornerstone of Steem.
I'm afraid it will be difficult to get consensus on any of these changes seeing as many of the people who have the power to implement them are profiting from how things are. So why would they want to change things?

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Hopefully because they would also profit more with the changes. If content discovery worked better on Steem, it seems logical to assume that it would get more users and every Steem holder would benefit from an increase in the value of Steem.

I think a lot of people just want to accumulate as much Steem as possible and hope that the price of Steem is going to soar in the next bull market. Devoting resources to content discovery should add value to the platform but it is very unclear how much value it will add. Content discovery requires a community effort.

If we had 50% curation rewards would you consider not delegating to bots? Buying delegated SP from you at your current price would become very attractive.