An idea for encouraging curation

in #discussion6 years ago (edited)

There's a lot of talks going on lately about a change in curation rewards vs post rewards mainly started and continued by @blocktrades, @kevinwong, @trafalgar and many others, read the post of @cervantes for more information about the opinions of other witnesses and discussions about this.

A quick TL;DR (too long didn't read) here are a lot of people not in favor of this as they see it as a way for bigger accounts to earn stake easier and leave behind the smaller users while some think that 50/50 would shift the behavior of accounts self-voting garbage since they could earn more or just as much through curation. It is hard to say at this point and even harder to predict what exactly it will change for bid bots.

Without getting too much into that, I wanted to talk about this idea after observing some upcoming SMT's and their token distributions.

As some of you know, Steemhunt.com and Dlike.io have been incentivizing Steem users to post, promote, delegate and curate by rewarding them with their own tokens when SMT's are launched as an airdrop. This is a great way to increase activity of their dapps and at the same time distribute the tokens widely before the launch date. What I did notice though is this. (Not 100% on how Steemhunt distributes it, but since one of the biggest accounts @freedom is delegating half a million to them I figured curating for tokens is way more worth it than delegating to them, this may depend on how much they distribute to delegators daily and how much to curators)

Dlike distributes it like this right now:

As you can see the difference between upvoting and delegating or commenting/posting is quite big. If you want to read the rest of the distribution click on this link. Now I am not sure if they based this on how much curation is going on in general on the platform to make it as fair of a distribution as possible or to incentivize Steemians to delegate to them instead of bid bots.

What I was thinking with the hopefully coming rise of more and more bid bots is if they were to instead incentivize curation more with a larger stake distribution. If they incentivized curation more they wouldn't need as much delegation to curate themselves, they'd still need delegation to earn curation rewards to fund their SMT so it would be important not to decrease that distribution as well. I'm not completely sure exactly everything what they would have to change, it might also depend a lot on what kind of SMT it is and how interested investors are to delegate to it.

I figure there will be a point where the incentivizes are big enough to undelegate from bid bots and instead curate or delegate to curation teams that will do the curation instead of you or delegate to the project directly as an investment that the returns might be bigger than what they could get from competing over the Steem reward pool. If anything they'd undelegate part of their max Steem returns to invest into SMT's and with others doing the same it would balance out curation a bit more.

Again, I have not done the math here and this was just a general idea. I am also not sure how or if this would work even better with 50% curation instead but I figured it would be a good time to bring this up and discuss it with others and what they think about it. One thing I've noticed is that there are a lot of people still unaware today that some of these SMT's are even incentivizing users to use their stake towards them to invest in their future currency. I get that this might be due to how long the timeframe is still for SMT launch but you know how it goes, early birds get the worm. Who knows who is going to start an SMT on Steem next or what the SMT is, maybe the interest to earn a lot of Steem might quickly shift cause a great SMT would come along.


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I like the curation incentived platforms like @steemhunt as I am at least currently able to support the platform, earn a future SMT and get curation in Steem on my vote. It is a pretty big win/win/win for steem/steemhunt/me because if they do well, steem likely does well and my stake performs well. The more that do this the healthier the platform might look in the future.

I think there will definitely come a point where there is higher incentive to curate instead of vote sell and as it starts to happen, it will speed the process faster. I think that 50/50 will speed distribution quite quickly and coupled with the potential of oracles etc, it could mean that abuse is kept to a minimum.

Ever since I got to know that steemhunt incentivize curation on their platform, more than 80% of my daily vote goes to hunters on the platform. I get curation reward in form of steem as well as the hunt tokens for voting contribution. I later got interested in posting hunts myself and guess what! I started receiving votes from users I never dreamt would vote me.

To be honest, a platform like this provides a win win situation for everyone. I just logged in to dlike recently and also watching them closely. However for now, I am fully with steemhunt and would take a bit of efforts to share attention with dlike

I would love that so hard!

So with @steemhunt, they basically give you HUNT tokens for upvoting... so if I upvote 10ish different hunts, then I'd get about 200-500 HUNT tokens that day depending on a few different factors (my hunter score/interaction with Steemhunt plus how well that particular hunt does as well as if I got in early on that hunt before it got popular). The amount you vote (100% versus 50%) also matters, but the Steem amount you have $0.01 or $10.00 doesn't make any difference... which is great for new accounts.

Yeah and important to notice that you have to curate through their platform for it to count. (I've been told)

Oh yeah, sorry man... yes, that's exactly correct. You get HUNT tokens for a whole range of actions, but it all has to be done through their platform... really only delegating and installing the Chrome Browser extensions are the only way to get tokens not by interacting on the platform.

The great thing about the SMTs is exactly this; whether it be distributing via curation, upvote and the distinction of SP holder weights, it can be determined independently by each project as they determined the best use of the SMTs will be for their community. However, the underlying fuel remains the same, it will be Steem Power at the end of the day!

The way I see the 50 / 50 proposal is this.

It depends on whether you are a content creator, only curator, or both. There are dozens of people who just curate. And with "heavy" wallets. Those guys will be benefited most.

You for example do both and so do I so I don't really know who it would work for us.

But for those who just came in and mainly they create content hoping for some decent votes to arrive on their posts, while their vote is dust must be a disaster.

Just wondering...even if people pull back their delegations from bid bots so that they can manually curate, wouldn't the 50 / 50 be the ideal scenario to sell their votes? It would be a win win for them...
If I am wrong someone correct me plz.

wouldn't the 50 / 50 be the ideal scenario to sell their votes?

It depends, curation has a curve that can reward you rather well depending on how good you curate. I've had votes valued at $1 giving me back SP worth $1.1, etc. with 50% this could mean a $1 vote could return me a vote of $2.2 or more since more. Not 100% sure on that but just what I'm thinking.

About the newcomers it will depend on the quality and resteems. If someone or a curation project finds a post from a completely new user at 0.00 rewards and they give it a $10 vote and it ends at $500, they can earn a lot more rewards than if they had given themselves the $10 vote which half would be shared with other curators, or no one in case they are the only voters they'd only get the $10 back and wouldn't make $50 instead since no one else thought they had content worthy of upvoting.

It's a bit technical and theoretical at the moment but I don't think it would hurt trying it out, especially not now here at the bottom with the least active accounts and a price that can't get much worse than it is now.

It’s true. Now that the activity is pretty low I guess a change could be done. Btw: wouldn’t it require a new fork? Meaning new wallet maintenances...?
Or not?

As for this

and a price that can't get much worse than it is now.

I really hope so..

Yeah, that's why it should be considered carefully and the timing is important too so we don't annoy the exchanges too much. :P

It would be really positive to support this way of curing to make small users grow in the community and so they at some point can cure and give good amounts of rewards

Great initiative to help we the redfishes..... God bless you for such great opportunity

Posted using Partiko Android

It is definitely more profitable to upvote on steemhunt than to delegate. We are getting more tokens and bigger curation rewards.

I don't have as much time for steemit these days so I don't get as involved with these issues. My solution now is simply this: become a whale myself and make sure I empower people who will empower others. Obviously there are other things I can do so I'm trying to do them along the way, but it's hard to keep up with how the platform is evolving, especially when a lot of people with power seem to disagree with you, I think 50/50 is a terrible idea and always have, even more with bidbots as widespread as they are now. SMT incentives for curation and lower % of sbd/sp seems like a much better solution to me. Glad you are still out there.

Refreshing to read some true pro-Capitalism and true Empowerment!

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