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

Viewing a response to: @theycallmedan/should-we-raise-curation-rewards-from-2575-to-5050

$1.63

Voting no here, as I have no way to log into the poll there without giving a third party my key.

👍 yabapmatt, krnel, valued-customer, barton26, alexjay, mixr, blatenaw

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@theycallmedan · Apr 23 '19 (edited)

$0.02

NVM @emrebeyler thanks! :)

👍 emrebeyler, amico, urme33, dustbunny, alamin33

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@tarazkp · Apr 23 '19

$0.16

I just used keychain....

👍 theycallmedan

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@theycallmedan · Apr 23 '19

$0.02

Awesome! I don't know why I don't see it..

👍 tarazkp, urme33

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2 replies

@yabapmatt · Apr 23 '19

$0.30

100% this.

For the record, I also vote no to a curation/author split change. While that might be a big deal to a very small number of people who are active on the platform and really understand how it all works, I'm pretty sure it's not the reason why most people don't know about Steem and don't invest in it or use it. I think we should focus our very limited blockchain development resources on things that solve the latter problems.

👍 theycallmedan, mattclarke, krnel, geekgirl, practicalthought, sorin.lite, whatsup, barton26, alexjay

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@theycallmedan · Apr 23 '19

$0.06

I agree with everything with all that, but I still vote yes myself. I see it as a distribution issue that can hurt Steem down the line if the token circulates among vote sellers and self upvoters since  doing that is 3x more profitable in Steem ROI. But you are right, it doesn't matter much right now and isn't the reason a lot of people are not here, we need to build cool shit for that to happen.

👍 lordbutterfly, joythewanderer, urme33, alfonzo

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@yabapmatt · Apr 23 '19

$0.24

> if the token circulates among vote sellers and self upvoters since doing that is 3x more profitable in Steem ROI

No amount of tweaking the reward system algorithm will change that. If we change the curation reward percentage then the vote selling services / self upvoters will simply adjust how they work to take advantage of the new model.

In my opinion the best way to solve these issues is to fix the issues with downvoting. The cool part about Steem is the ability to crowdsource the rewards for content. Since downvoting is so heavily disincentivized currently, it's almost non-existent, which means it's not possible to have a true wisdom of the crowd effect.

Downvoting needs to exactly mirror upvoting for this to have a chance at working, meaning there needs to be a separate and equal voting mana pool for downvoting AND there must be equal but opposite curation rewards for downvoting as well.

👍 theycallmedan, lordbutterfly, demotruk, glenalbrethsen, valued-customer, grintsch, igster

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21 replies

@tarazkp · Apr 23 '19

$0.63

Umm, I could log in  using keychain.

👍 yabapmatt, theycallmedan, emrebeyler

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@llfarms · Apr 23 '19

$0.11

You beat me to it 😉❤️

👍 emrebeyler, tarazkp

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1 reply

@yabapmatt · Apr 24 '19

$0.11

Ah that's fantastic! I was just clicking login and getting sent to SteemConnect. I didn't see the little message about being able to vote with Keychain! They should definitely add that option when you click login, but still glad to see the progress. Thank you for letting me know!

👍 kerrywolf, tarazkp

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1 reply

@valued-customer · Apr 27 '19

$0.02

Doesn't work on my browser.  I tried.

👍 tarazkp

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1 reply

@dreamryder007 · Apr 23 '19

I agree with this.

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@geekgirl · Apr 24 '19

$0.22

I disagree. Everybody knows economics is broken, and partly a reason that drives people away. I think it is the most important issue that deserves dev resources and attention. 

Giving 50/50 at least gives a fair chance to encourage use of organic voting and attarct more power ups. 
This may divert some votes to authors for free rather than selling.

If you have noticed as soon as you power up bidbots send you memos with advertising their services and trying to get you use your sp for selling votes.

If you compare 25% return to almost 100%, which would you choose? 50/50 at least improves odds in favor of organic voting.

👍 theycallmedan, etherpunk, jadabug, hdu, votes4minnows, shammi

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@demotruk · Apr 27 '19

$0.07

I don't expect 50/50 to work but I'm in favor of trying things out. However we don't really 'try something out' when we hard fork, we end up committing to that change because changing back would be another hard fork and a whole bunch of work just to get us back where we were.

We need some kind of trial period with a rollback at the end. That way we only continue with the new economics if we specifically elect to.

👍 geekgirl, joythewanderer

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1 reply

@mattclarke · Apr 24 '19

$0.41

Agreed. I've wanted a return to 50/50 curation (and n2) ever since they changed; but the time, trauma and effort to switch back now just don't justify it. 
We get to 500K active daily users and curation is going to get worthwhile again anyway.

👍 frogcake

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@llfarms · Apr 23 '19

Dpoll uses keychain now, just so everyone knows.

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