RE: Why Rewards Have to Change... (Fair warning, this is a long one)

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RE: Why Rewards Have to Change... (Fair warning, this is a long one)

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mindtrap in #philosophy • 6 years ago (edited)

but I want anyone that reads this to honestly consider what could happen if the split was more like 20/80 in favor of curation.

I think that there wouldn't be any content creators left...:)

I have a fair question though...How will the 50 - 50 split will help a newcomer in terms of curation rewards? I have a feeling that those who hold less than 500SP will practically earn nothing -curation wise- regardless if they vote everything at 100%...Even if it's double the curation rewards...no offence here, just out of curiosity.

They are mainly depended on that 75%

Besides we all know that newcomers or little fish need an extra push, right?

6 years ago in #philosophy by mindtrap

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clayboyn 6 years ago

Here's a platform where most people vote 20% to author and 80% to keep (curation) from a rewards pool and the only number ever displayed goes directly to the author... no inflated number that gets chopped up later. The way it works in that case is that all votes impact a shared reward pool and each vote is worth a set value. What that would look like on STEEM is another question entirely, but I imagine with scotbot it's something that some community will explore in the future.

To address the concern of their being no content creators left though, from the site I linked you can see that clearly isn't true. Would I spend all the time required to write those quality of posts for a couple of bucks? Probably not, but it isn't stopping other people from doing it. Just because you or I don't think 20% would be worthwhile doesn't mean that would stop it from being successful. Perhaps if that dynamic played out, we'd just be voting/curating and let other people that enjoy and make better content be the creators while we get paid for voting.

The only thing we can tell with all certainty at this point is that what we're doing doesn't work. Continuing to do the same thing is insane at this point. I think trying something else is the only option if we aren't just milking this dead cow for as long as we can.

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valued-customer 6 years ago

" Would I spend all the time required to write those quality of posts for a couple of bucks?"

I have had to split posts before, not because of rewards, but because I'm horribly verbose. An easy fix for long, high quality posts is to split them into chunks, or chapters.

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mindtrap 6 years ago

The only thing we can tell with all certainty at this point is that what we're doing doesn't work.

Agreed 100% mate.

I really do hope that PAL will set an example regarding what should had been done since day 1. And I also hope that this will "eventually" be a wake up call for all those big accounts that remain inactive for quite some time now...

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