What if Curators Actually Got the Majority of the Post Rewards?

in #steemit6 years ago

So, a thought occurred to me the other day. And this will never happen. But just to theorize and play around with an idea.

What if the majority of post rewards went to the curators?"

Most would say no, but hear me out.

Curation on Steemit isn't very profitable - at least not when compared to alternative means such as delegating to bots. This has caused a lot of stakeholders to simply give up on curation altogether since it's easier to make passive income simply by renting STEEM power to the bots. This is nothing new, we all know this.

I'm not here to argue whether that's a good or a bad thing. Let's not argue about that now.

I think one of the roadblocks for Steemit is that it offers very little for content consumers. It absolutely serves content creators.

However.

The vast, vast, vast majority of internet users, and social media users, are content consumers, not creators.

Steemit offers them very little, in my opinion. And I'm talking the average Joe, not someone who is going to put in hundreds of thousands of dollars right off the bat.

There's enjoyable stuff on Steemit, but it's tough to find - and curation rewards, as opposed to author rewards, are laughable unless you're a whale.

The incentive for an average user is to make posts, not curate them.

This is probably one of the key reasons for the bad content; on Reddit, Facebook, etc. people post when they're inspired to post something. On Steemit, you come up with an excuse to post just so you can make a payout that day.

The end result is spam and uninspired content. And please: don't take this as some sort of holier than thou asshole thing - I've done it, too. I've posted a quick meme because I knew I was on autovotes. Okay?

What I'm getting at is that big author rewards probably don't correlate with good content. And "good content" is very problematic. We all have our preferences. But I think some kind of a general consensus on content is possible to form.

People who only post for the rewards post to, well, make rewards. That's what the site is.

So, what I'm proposing is smaller author rewards, larger curation rewards.

Let's say, for instance, 25% for the author, 75% for the curators.

I know that a lot of people are now going to say: "But no one would post anymore."

But I beg to differ. People post on other sites for free all the time. Steemit has always been this strange place where you need to bribe people into doing stuff they do for free everywhere else.

If author rewards were lessened, a lot of spammers would leave, yes. But would that be a bad thing? There'd be more room for those who actually post when they want to create something fun. This is how other - more successful - sites operate.

The most important thing: there would be a larger incentive to join and use one's stake for the average internet users who are not content creators. This is the majority of people online.

People who like to write, take photos, videos, whatever, will do so because they like doing so. We're a minority, but we exist. The money is a bonus. Like I said, I think the consumer is who Steemit should try to cater to more.

Stakeholders could be motivated to curate again with larger curation rewards, and non-shitpost authors could have a chance to earn again. Yes, we'd take a hit at first, but it could return Steemit back to the original intent: authors competing for human votes with their content.

So, in a nutshell:

  • The authors who would stick around would likely be the better ones;
  • A lot of the bad actors would find another scam to put their time into, cleaning up the site;
  • There would be a larger incentive to curate with one's own stake again;

I have no doubt that we'd run into some of the pre-HF19 problems where the same people would be trending, but maybe it's rose-colored glasses, but those days do seem better than today in comparison.

Steemit will never shake off the "It's not what you know, it's who you know" thing because that's not just Steemit, it's how real world works, as well. I think we should stop being so afraid of it, though. In the old days, it was still very much possible for good, thought-out stuff to escape through the cracks and make its way to the trending page with the STEEM Guild guys.

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I defenitly would support this. Why do you write this isn't never going to happen? It would serve well.

People would cuate a whole lot more.
This means finally some rewards for alot of people and the daily users will go up significantly.
People can be motivated to vote for all kinds of new and hot content instead of voting quickly for the posts in the trendingspage or if this wouldn't work we can cap the max amount on a post with a decline when trying to still vote on such a post (this might seem less interesting so if you have another idea?).
votingbots might dissappear because of this (meaby not because there would still be a market in my eyes).
Also reward people for voting on articles in the new-section.

I will resteem your post, because I find this a very very good idea. I wish this can and will happen very soon. Better sooner then later.

More posts by more curaters by people finally getting a chanse to earn something compared to the old system and staying because of it will cause more traffic aswell to steemit and the platform might defenitly know a grow that would be immennse.

I wrote this because I wanted some interesting dialogue, mostly. Thanks for the resteem, bro!

what would be the mechanism for value of the token?

I don't quite fully understand your question here.

I'm just gonna comment that I have a headache right now, so if I don't engage with you guys right away - that's why.

In theory, people post for free because of the publicity that curators help push them to. So it is not a crazy idea because it actually works since it's how currrent social media works. But just like paying you to post is spammy paying someone to upvote is also spammy. The practice is what makes it difficult.

Getting paid to post isn't spammy. It's no different than getting paid to write and publish books, or produce movies. It's the same business model except this time around the writers and artists aren't required to sellout because the consumer leaves with more money in their pocket than they had before enjoying the content. This is supposed to be revolutionary. Instead we have greed attempting to protect the old business model and their profits while the consumers pay more and more.

I've been thinking along quite similar lines recently. It seems like there is next to no readership here. No reason why readers would choose to come here as opposed to any of the other free-blogging sites which, as almost everyone agrees, have much better UI and more dedicated authors.

My first reaction to your idea was the typical 'no one would post anymore', but now that I see the reasoning it may actually be what this site needs. However, different people have different ideas of what this site even is. If we're a social media site, then the current ratio seems fit for purpose. If we're a content platform, then consumption rather than volume should definitely take more of a role.

In theory, I love this idea, but in Steem land it plays out by seting auto voters to those you know are going to earn the most. I do think we should "Turn it up" a little.

A likely end game, yes.

But.

But.

For the drama. Worth a try.

:)

You want drama? Turn it around; do away with curation rewards. Only those who actually like content and are involved will vote, because there would be no financial motivation for voting. No more easy money without creating content. Motives for voting will change for the better, Steemit will lose much of its scammy image, bot owners will panic, delegators will jump off buildings.

Nobody would buy or hold Steem anymore, you say? Well, people buy and hold other cryptocurrencies without any hope of interest or curation rewards, so why would Steem be an exception?

... or any other story you would want to put behind it; you can probably make up a better one than I can.

But drama? Oh yes.

Then people could abuse the system as well which wouldn’t worth towards benefit of others and more towards self progress

I think this is an interesting idea. although, people do already make comment bots so maybe those would just multiply instead of having the assholes who create them go away... ugh. That's depressing. Anyway, I'd be down for seeing what happens. :)

What an inspired idea! I post very little but read and manually curate a LOT;)

I would still produce content for a 25% cut of the rewards. We'd have more people with an incentive to vote, so my payouts would be higher and I'd come out with a little more or about the same as what I earn now, PLUS, I can use my 22k SP to earn even more when I go around voting.

Would you upvote for the sake of up voting? Or would you genuinely read the content? For the same reason someone would post to get auto upvotes. Is the same reason why someone would auto upvote... To upvote.

You have a good counter idea to steem approach though. If steem can find a way to work without pissing everyone off, then all you would need to do is hopefully flip the idea around and wham. Call it timeets

I've been manually curating for nearly two years. I've read or viewed everything I've voted for, so that wouldn't change. I can't upvote for the sake of upvoting. Take this post for instance. I don't always agree with shattenjaegers views, but I often vote for his work if I do agree. I have to read it first. What if this post said I'm an asshole? Some might want to vote for that, but I certainly wouldn't. If I didn't read, I'd be calling myself an asshole. Who does that? Assholes.

This is a well explained argument but I feel like it would do little or nothing to solve the current issues on Steemit. A quick non-scientific study of the Steemit community shows that the people with the largest stake that basically have a larger influence on the rewards on posts barely do any curation themselves even though they would earn generously from it.

Instead of bots you would have the curation trails of people with massive SP basically hording all the rewards.

And to be honest, I doubt even the good quality content creators would stay if they were not earning majority of the rewards. Would it really be worth it for them? I don't think so.

People always find a way to maximise their earnings without working too hard for it and that is what I feel would happen.

Personally, I feel that the UI really affects curation the most. It basically discourages interaction because you don't get alerts. If that would be implemented I feel curation would go through the roof.

Great post @schattenjaeger. Your thoughts were well put together.

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