RE: Hardfork 21 - Steem Proposal System (SPS) + Economic Improvement Proposal (EIP)

I just re-read your publication. Appreciate all your efforts.

You've mentioned:

Authors will likely complain over what appears to be a more than 50% reduction in their rewards

Is it somehow related to this part?

Increasing the percentage of rewards that are distributed to curators.

Does it mean that authors would be receiving less from reward pool, but curators would be receiving more? Do I understand well?

I would obviously love to reward curators for their efforts. But curating right now seem to be focused on upvoting posts. We shall find ways to encourage people to comment and to reward those comments.

I'm trying to see big picture here, however Im not sure if HF21 will bring us closer to where we want to go, or will push us futher away. After all increasing curation rewards will mostly benefit bidbots. Or perhaps I'm wrong?

Yours
Piotr

Yes, curation will pay higher, which will mean less percentage wise for authors. Also, a portion of the author/curator inflation will be redirected into the SPS fund.

I'm trying to see big picture here, however Im not sure if HF21 will bring us closer to where we want to go, or will push us futher away. After all increasing curation rewards will mostly benefit bidbots. Or perhaps I'm wrong?

It is not just about the one change by itself. The goal is to try and get more stakeholders curating content, and more stakeholders downvoting stuff that doesn't add value (like spam content upvoted by bid bots).

It is impossible to know how it will actually play out. All I can do is communicate the goal and what specific changes are being made. We are hoping it works out in authors favor.