Steem – The Solution to Curation Rewards

As I have posted earlier https://steemit.com/steem/@james-show/steem-a-great-innovation-on-the-wrong-footing-part-1
I see a great potential for steem. It is in unique position to take over the world. What is standing on its way is a ‘smal’ design flow – the curation is concentrated in the hands of a few whales. A few whales that received this curation power not due to being good at curation but for other unrelated reasons. For the mass adoption of Steem we need a good curators. The whales are not only arbitrary chosen curators, not only they control virtual the destiny of each end every post but they are in most likelihood not interested in curation hundreds of categories and posts. The consequences of this should be clear to most everyone around here, so let move to the solution.

1. Let the curation power of an account be separate from the general vested steems the account has
2. Let the curation power be predominated increased by the curation rewards this account has received aka let each account curation power be based on its past performance as a curator.

Technically the new model aims to be achievable with min changes to existing code, so it is easy to implement. Additionally it removes the need for constant changes needed in a (probably 3 steps behind) struggle ‘to keep up with the bots’ as proposed for example here: https://steemit.com/steem/@dantheman/lessons-learned-from-curation-rewards-discussion (point 8)

1. Vested balance consists of 2 parts -regular vests and Curation Power. That is to say all rules regarding curation power are the same as vesting power as it is today, except the specified rules below. For example powering down from Curation Power to liquid Steem is done the same way it is done now – one can transform curation power to steem in 104 weekly equal amounts.
2. All curation award are received as Curation Power, [as opposed to general vests now]
3. To start the things up so to speak, each account is given min Curation Power if it has less than 10 Curation Power and if it has at least 10 Vested steem. Aka Curation Power = max (Curation Power, if Vests Balance >= 10 then 10 else 0). Curation is permitted for accounts with min of 10 Curation Power
4. Curation Power can be increased aka one can power up using/transfering liquid Steem and or Vested Steem. Such power ups take (say) 104 weeks to complete, each week adding about 1% of the total amount to the Curation Power.

Notes:
*Point 4 above aims to leave the possibility open for individuals who consciously want to involve in curation, to slowly increase their curation power over time
** On the whales or otherwise Sybil attacks – while splitting an account into many small account is possible, the total voting power is drastically reduced due to the calculation of voting using VotePower ^ 2. For example and account with 10,000 Steems split it into 1000 account. The combined voting power of those 1000 accounts will amount to only 0.1% of the voting power of the original account.