You cannot "monetize" or "incentivize" the creation of "quality" content.
Period. No matter how much One tinkers with rewards, whether linear or not, it does nothing to set the standards necessary to achieve any of the goals outlined in the whitepaper. Curation is not about achieving quality, it's about creating an addiction in the users of Steemit. @ned, why don't you tell these people about your psychological goals for the Steemit platform? Do they know you have a degree in Psychology as well as Economics?
Did anybody bother to read this part of the whitepaper?
The impact of this voting and payout distribution is
to offer large bounties for good content while still
rewarding smaller players for their long-tail contribu-
tion.
The economic effect of this is similar to a lottery
where people overestimate their probability of getting
votes and thus do more work than the expected value
of their reward, thereby maximizing the total amount
of work performed in service of the community. The fact that “everyone wins something” plays on the same psychology that casinos use to keep people gambling. In other words, small rewards help reinforce
the idea that it is possible to earn bigger rewards.
Steemit is not about the curation of quality content, and no type of reward system will change that.
Did you?
"large bounties for good content"
The white paper seems to claim that it does reward quality content.