Earlier today made a post encouraging others to voice their opposition to the proposed 50/50 rewards split between creators and curators.
I don't see how switching to a 50/50 split will be good for Steem. How will it encourage authors to produce more content if they're going to get less of the reward for making the content? The value in Steem are the people who are writing posts on which others can comment and vote. If there are no posts, there are no rewards moving around.
When someone writes a newspaper article or even a post for the blog on their website, the author is the one who gets paid. After all, they're the one who did the work. People don't get paid for reading the articles, they get paid for writing them.
The people this will help the most are those who are already self-voting (it won't change anything) and those who have a lot of SP and don't write many articles (they'll see a 100% increase in their curation rewards).
The people this will hurt the most are: those who don't have much SP, those who generate most of their rewards by writing content, and those are just joining (thereby falling into both of the other two groups).
- What are your thoughts?
- Am I missing something?
- Can anyone explain how this will encourage content creation?
- Can anyone explain how this will boost smaller accounts and encourage the onboarding of prospective Steemians?