I Think 50/50 Rewards Will Attract Bigger Investors
Whales generally do not want to produce content. They invest as a means to earn a return through passive income. Now, they can earn more money by consuming/voting for content and I guess there behaviour can be changed due to the addition of free downvotes. If an investor just puts people on an autovoter for crap content, it will get downvoted and they will make less of a return.
These downvotes can make investors pay more attention to content and still make a good return. Im all for testing this out to see how it goes.
Having a system that favours curators more takes less emphasis on “get paid to post”.
Good luck!
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We have already tried this back in the beginning. It basically will pump up a few creators who have a content mill. Basically paraphrasing CoinDesk and CoinTelegraph articles or producing other cookie cutter content.
From an investor's standpoint there are still too many negatives. The power down takes too long, STINC has too much STEEM and the witnesses are collecting too much for what most are doing. Also with curation being 50% it even becomes easier in some ways to earn some STEEM and any system where it is too easy to get something will often times get drained and cheapened.
The content quality will likely go down and the place will even make less sense.
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I had the same concerns regarding a handful of people being put on autovoter to makes things easier for the whales but with the addition of free downvotes, it might change the behaviour.
Steem could be seen as cheap as a result but it already is that way with author rewards.
I dont know how to feel anymore. I sometimes feel like i am sitting on a goldmine that nobody will ever acknowledge therefore rendering it useless.
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Don't forget what happened to the BetaMax and the SEGA Saturn
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Sega saturn and dreamcast 💔💔
We'll see what happens but I think the gamification of upvotes is the problem and more downvotes isn't going to help it. People should upvote content they like (of course), not content that they think will make them the most. Of course we have the system we have and it's not completely changing anytime too soon! Given that, I would have gone with 60/40 first and see how that went.
Youre exactly right. People should be using upvotes genuinely because thinking about money hinders your ability to act like a normal social human being for once. They just arent as smart and wise as you @harvhat.
50/50 will definitely increase curation but that doesnt mean it will increase content consumption. The user experience can feel awkward when you have so much on your mind (upvote, upvote strength, curation rewards, etc) while trying to interact. It still doesnt work seamlessly for sure.
Thanks for stopping by @harvhat. Its good to see you lurking on my posts 😁
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Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!