When my father took a family photo, he knew that his children and their children's children would see it. When I take a photo today, I may be the only person who will ever see it.
Back in the day, content creation was a privilege of the few, because distribution channels were scarce. Today with the abundance of content and communication channels, attention became scarce.
Steem was the first to recognize the importance of curation. Users who upvote the post share up to 25% of total post rewards. And this has had a profound effect on reader engagement.
For example, when WordPress bloggers re-post to Steem using , their messages start to receive many more comments and likes. In fact, authors appear to value reader engagement over the revenue.
According to multiple studies, authors get a jolt of dopamine when they receive likes or new followers. In a way, when a post is being appreciated by the audience, the author experiences a feeling that can be compared to that of a hug (or more).
Original creators of Steem envisioned it to become a blogging platform with thoughtful posts, but today we can see that short-form content is becoming way more popular resembling other social media sites. Maybe that is another reason to tip the benefits in favour of curators.
Some Steem witnesses also advocate increasing curation rewards up to 50% to reduce the proliferation of content indifferent voting behavior. In fact, we might be at the verge of such a change.
To sum it all up, there are three factors that speak loudly in favour of increasing curation rewards:
- Grow user engagement;
- Authors would not object (dopamine is more important ;-));
- Reducing profits of content indifferent voting bots.
So, what do you think should be the share of Curation Rewards?
a) 25%
b) 50%
c) 75%
Re: Poll Rewards
A group of supporters will attempt to upvote all valid replies posted before November 25, 2018 with the goal to generate $0.15 in rewards for each valid entry.