You're looking at it too statically. What if 50% curation more than doubled the upvotes you got?
Posted using Partiko Android
You are viewing a single comment's thread from:
You're looking at it too statically. What if 50% curation more than doubled the upvotes you got?
Posted using Partiko Android
What if witches flew down and gave me a winning Powerball ticket?
Why wouldn't large accounts spread more of their voting power to other's posts if curation was 50% and not 25%?
Posted using Partiko Android
Because people who are interested in passive income are interested in passive income. No one's going to magically become a participant because you change the number around.
Also you're the ones trying to ruin user acquisition, the burden of proof is on you.
There will still be passive income. Instead of delegating to a content-agnostic voting service you delegate to a decent curator and share the rewards.
Just as easy access to vote bots change the dynamics of how people act, easy access to highly profitable curation programs will also change how people act. Investors will go where the money is. Currently the incentives in place encourage voting with bots, regardless of the content quality. Incentivizing curation incentivizes valuing content that others will also value (i.e. "good" content).
No, it also incentivizes voting with bots, just @nfc type bots. Even the curation increase with HF20 has done that. I've been playing around with some of my own. It's not about content quality, it's just about vote-racing, mostly in front of who Steemit is voting by proxy through the @misterdelegation recipients. Which makes sense, since curation has never effectively promoted content discovery.
Also, it's pretty clear that the peak of "quality content" on Steem is content that is perceived to promote the Steem price. If you reduce the diversity of content by concentrating votes you're just hastening the Bitconnect-ization of Steem.
The only thing in this system that has ever been about content quality is downvoting. That's why reducing the cost of downvoting is essential to getting the rewards where they do the most good.
This is a package of changes and looking at them piecemeal is misleading or in some cases deliberate spin:
Looking at the pieces separately doesn't show the whole picture.
This is all focusing on abuse rather than usability, which is one of the Steem development process' biggest flaws. Yes, fewer votes might go to crap, and if that's your goal, bravo.
But the cost is fewer votes going to new posters. Something that we didn't start with enough of and have been dropping like flies.
Our argument here seems to be about whether promoting user growth is more important than reducing abuse. I strongly believe that to be true.
And this is the problem we're trying to fix by incentivizing more curation so that it can effectively promote content discovery.
If we assume more people move to curation bots, would the quality go up, got down, or stay the same? Curation may not be perfect, but I do think it's better than what we have now.
"Quality content" is certainly skewed towards those with the most voting power and it makes sense they want to increase the value of their holdings. One important way to do that is to show the Steem blockchain via Steemit, Busy, Steempeak, Steemmonsters, etc working effectively. That includes demonstrating an effective curation system bringing good content to the surface. By that, I mean it's not just "Hurray STEEM!" articles that will, in the long run, have a positive impact on token price. It's also important (for those who understand and consider long-term value) to promote and demonstrate the effectiveness of the stated (and valuable to investor) goals of the Steem blockchain.
"It doesn't work, so let's increase its influence."
If you could come up with a curation algorithm that actually worked for content discovery, there might be some argument for increasing rewards. But the current one demonstrably does not do that.
Curation bots is too generic to reach any conclusion. It depends how those bots are programmed, what inputs they receive, etc.
We can reason based on economic incentives and those incentives apply equally to humans and bots (created by humans based on the incentives). We can say with near certainty that changing the incentives will change the behavior. It is more difficult to predict exactly how the behavior will change, but we can still make some educated guesses (and accept that despite doing so we will sometimes be wrong).
It's not just any number. Besides it's part of a set of proposed changes. Secondly, all I'm trying is to get to the bottom of this by talking to people having different opinions on this.
Posted using Partiko Android
It doesn't need to double. Reduction from 75% to 50% is only a 33% reduction.
True.
Posted using Partiko Android