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

View this thread on steempeak.com

Viewing a response to: @valued-customer/re-themarkymark-0efd1d02-07c7-46d9-8c31-1b99f0421f99-20190427t080154350z

· @themarkymark ·
The main point of this is to close the gap between organic voting and self voting and make it more appealing to most people to vote with your heart instead of the most profitable.
👍  ,
👎  
properties (23)
post_id73,804,499
authorthemarkymark
permlinkre-valued-customer-re-themarkymark-0efd1d02-07c7-46d9-8c31-1b99f0421f99-20190427t155006282z
categorydpoll
json_metadata{"tags":["dpoll"],"app":"steemit\/0.1"}
created2019-04-27 15:50:06
last_update2019-04-27 15:50:06
depth3
children1
net_rshares33,720,515,966
last_payout2019-05-04 15:50:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length179
author_reputation806,615,692,176,612
root_title"Should We Raise Curation Rewards From 25/75 To 50/50?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (3)
@valued-customer · (edited)
Raising the rate at which profiteers extract rewards by financial manipulation, such as selling votes, will only make the problem worse, and continue the downwards pressure on the price of Steem that diminishes all our stakes.  That is exactly what raising curation rewards from 25% to 50% does: doubles the share of the rewards pool you can parasitically extract by selling votes, literally renting your stake.

Eliminating the incentives to pervert the mechanisms intended to market Steem by creating incentive to produce quality content will restore the mechanisms intended to create capital gains. I therefore <a href="https://steempeak.com/steem/@valued-customer/creating-capital-gains-with-appropriate-incentives-vs-discouraging-capital-gains-by-profiteering-a-proposal">posted</a> mechanisms capable of effecting elimination of those incentives, and that instead create incentives for stakeholders in the form of dividends for delegation to development, to effect capital gains.  Despite your base financial rapine, even you would profit more from capital gains than ever greater extraction of ever shrinking tokens from the rewards pool.  In fact, the more substantial the stake, the more beneficial capital gains are to the stakeholder.

Whether you are capable of grasping that fact is not my responsibility.  Your prosperity and felicity depends entirely on you yourself.  I encourage you to prepare either to flee to another host to parasitize when Steem falls to prices that make it useless to extract with such machinations (as the result of doubling the rate at which the rewards pool can be parasitized, and the concomitant abandonment of the platform that will engender), or to switch business models to promote development, marketing, and creating capital gains that will benefit not only you, but all Steem stakeholders.

Increasing the financial rewards for voting for content does not increase the propensity to vote for quality content.  It is exactly the opposite of that in it's effect, and your support for every mechanism that increases the degree of parasitization that can be effected belies your claims you care at all about curation itself.  All you care about, or concern yourself with, is extracting profits.  Therefore it isn't surprising at all to see you promoting doubling the rate at which profits are extracted by your voteselling enterprise.

Who'da thunk it? 
👍  ,
👎  
properties (23)
post_id73,812,527
authorvalued-customer
permlinkre-themarkymark-re-valued-customer-re-themarkymark-0efd1d02-07c7-46d9-8c31-1b99f0421f99-20190427t195814190z
categorydpoll
json_metadata{"tags":["dpoll"],"app":"steempeak\/1.9.8"}
created2019-04-27 19:58:27
last_update2019-04-27 19:59:24
depth4
children0
net_rshares27,467,990,266
last_payout2019-05-04 19:58:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length2,399
author_reputation48,231,784,822,393
root_title"Should We Raise Curation Rewards From 25/75 To 50/50?"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (3)