https://steemit.com/steem/@steemitblog/improving-the-economics-of-steem-a-community-proposal
SteemIt, Inc made a post today asking for feedback on some changes that Traf has suggested for changes in the Steem Economy.
- Changing the Rewards/Curation split to 50/50
- Adding the curve back to the reward pool
- Adding a Downvote Pool
For me this isn't just a NO it is a HELL NO.
(I might have supported the change in the curation rewards alone, but still not my top priority)
Taking a quick walk down memory lane:
Once there was a time before bidbots. We did have 50/50 rewards and a curve in the reward pool.
The result was that the accounts large enough to gain rewards from Curation Efforts set their autovoters to the Author's they predicted would be successful. They did not curate. The curve in rewards takes rewards from the low earning posts and puts those rewards on high earning posts. Creating less distribution not more. Less visibility, not more.
The EXACT same accounts were on Trending each day. Every day. Many of them sock puppets of large stakeholders which they could falsy upvote and call it curation. And that is a fact.
I know you all think that you are great authors and if only the bots weren't here you would be on trending. I actually think that is laughable.
The truth is if you want to take rewards out and that is your goal as a stakeholder that is exactly what you will do. Changing the Math only changes how they extract the rewards.
While I fully admit we suck at content curation, changing the reward pool isn't going to create a situation where these detached investors suddenly begin to find your Quality Content and upvote it.
I vote instead of helping the stakeholder control who gets the inflation, that instead we focus our energy and efforts on adding value instead of things that help our so called investors stack coins.
Let' build communities and SMTs and attract new users, let's not promise them riches, or content discovery, let's tell them to build a social platform in which they can have partial ownership.
We need a token that has more than 2500 stakeholder which is what we currently have in accounts that hold more than 5000 Steem. (rough rounding)
If Traf and Kevin want to sell their votes I am in complete support of that. At least those who want visibility can buy it and stake goes to those who are willing to take a risk to get it.
Yep, we are bad at Content Discovery and a funky change in our own internal math isn't going to fix that.
Let's focus on adding things that draw new users and real investors into the economy!
Be sure to weigh in on the blog post.
