Steemit Crypto Academy Contest / S10W3 - Reward System on Steemit Blockchain

1-Does the attribution of rewards on steemit follow the same convergent linear reward curve since its creation or has it undergone some modifications? If yes, talk about the causes of this change? Explain it in simple words

Steemit, a blockchain-based social media platform, initially implemented in 2016 a reward system that followed the reward curve was then based on a quadratic equation according to the function f(x)= x2
it was totally like a system of capitalism, which helped bring more users to invest in steem to convert it to SP in order to increase the value of the reward they have, and this has had a negative impact on non-investment users or general content creator and Newcomers at steemit. This means that the rewards given to content creators and curators were distributed in a way that favored early adopters. Early on, when there were fewer users and content, it was easier to earn higher rewards for posts and engagement.

So in order to create fairness among all types of Steemit users, in 2017 new reward curve introduced, base on linear equation meaning
f(x)=x
which established at first to be in line with the principle of decentralization and equal opportunities, but it was failed due to many reasons like bad or useless content, and they get rewards mainly by self voting or by bots. Which made it top and we couldn't find good content easily.

In 2019 to overcome above difficulties a convergent linear reward curve based on f(x)=x2/(x+1)

The Steemit platform has evolved and have implemented changes to it's reward system to address certain issues or improve user engagement and retention. Some potential causes for changes in the reward system could include:

Incentivizing quality content: The initial reward system may have encouraged the creation of a large quantity of content, but it might not have necessarily incentivized high-quality content. To promote quality, Steemit may have adjusted the reward distribution to reward content that receives more engagement or positive feedback.

User feedback and fairness: Steemit likely received feedback from its user community regarding the reward system. This feedback might have highlighted the need for a more equitable distribution of rewards, considering the growth and diversification of the user base over time.

Combatting abuse and spam:As with any online platform, Steemit may have encountered issues related to abuse, spam, or manipulation of the reward system. Modifying the reward distribution could have been an attempt to mitigate such problems and maintain a fair environment for genuine users.

Market dynamics and economics:The value of the STEEM cryptocurrency, which powers the Steemit platform, can fluctuate based on market conditions. Changes in the reward distribution could be influenced by economic factors to maintain a sustainable ecosystem for all participants.

2-Show the added value that brought it this convergent linear reward curve, and how this system is applied on Steemit Blockchain.

A mechanism that adds value to the Steemit platform and encourages user participation is the convergent linear reward curve . On Steemit, users can create and curate content, and they are rewarded with a cryptocurrency called Steem based on their contributions.

The reward curve is "convergent" because it aims to distribute rewards more evenly among users. It means that as more users join the platform and more content is created, the rewards become less concentrated in the hands of a few popular users. This helps to promote a fairer and more inclusive ecosystem.

The reward curve is "linear" because it calculates rewards proportionally to the amount of Steem Power (voting power) a user has. Steem Power is a measure of a user's influence on the platform. When users vote on content, their voting power determines the weight of their vote in the distribution of rewards. So, the more Steem Power a user has, the more impact their vote will have on the rewards.

This system incentivizes users to not only create quality content but also engage with and curate other people's content. By rewarding both creators and curators, Steemit encourages a vibrant and collaborative community.

To apply this system on the Steemit Blockchain, users can earn rewards by posting original content, commenting on posts, and upvoting valuable content. The rewards are distributed daily, and users receive their share of the reward pool based on the votes they receive from other users. The more valuable and popular the content, the higher the rewards it can earn.

The convergent linear reward curve on Steemit ensures that new and lesser-known users have a chance to earn rewards based on the quality of their contributions. It helps to create a level playing field and encourages a diverse range of voices and perspectives to thrive on the platform.

3-What is the difference between isolated curation and community curation? What type of curation do you prefer for quality content in Steem Blockchain?

Isolation curation and community curation are two different approaches to curating content on the Steem blockchain.

Isolated curation is the act of an individual curating content independently without direct involvement or collaboration with others. With this approach, curators independently decide which content to support based on their own criteria and preferences. Decoupled curation allows for personal expression and discretion when curating content.

Community curation, on the other hand, requires a collaborative and collective effort when curating content. This typically requires the collaboration of a group of individuals or communities to score and curate content based on agreed guidelines and standards. The goal of community curation is to use the collective knowledge and diverse perspectives of the community to identify quality content.

Whether you prefer individual curation or community curation depends on your personal preferences and the specific goals of you at Steem blockchain community. I personally prefer isolation Curation that allows for personal freedom and subjective judgment when curating content. It's suitable to curate wide variety of content or curators with different hobbies and interests.

4-Does the community curation have only a financial contribution or other benefits, if so which ones?

Community curation can involve more than just financial contributions. While financial contributions are an important aspect of supporting a community, there are often other benefits that can arise from community curation. Here are some potential benefits:

Influence and Decision-making: Community members who actively participate in curation can have a say in the direction and decision-making processes of the community. They may have the opportunity to shape policies, initiatives, and projects, providing a sense of ownership and influence.

Networking and Collaboration: Engaging in community curation can lead to connections and collaborations with like-minded individuals. By interacting with others who share similar interests, community curators can form valuable relationships, share knowledge, and collaborate on various projects.

Skill Development: Participating in community curation often requires individuals to take on responsibilities, such as organizing events, moderating discussions, or contributing expertise. These activities provide opportunities for skill development and personal growth, enhancing leadership, communication, and organizational abilities.

Learning and Education: Community curation often involves sharing knowledge and expertise with other members. By engaging in discussions, organizing workshops or educational sessions, or curating relevant content, individuals can expand their own knowledge while contributing to the collective learning of the community.

Recognition and Reputation: Active participation in community curation can help individuals build a positive reputation within the community. As they consistently contribute and demonstrate their expertise, they may become recognized as thought leaders or experts in specific areas, which can bring opportunities for collaboration, speaking engagements, or career advancements.

Emotional Support and Belonging: Being part of a community provides a sense of belonging and emotional support. By actively participating in community curation, individuals can develop relationships, find mentors or mentees, and create a supportive network that shares common goals and interests.

It's important to note that the specific benefits of community curation can vary depending on the nature and goals of the community. Different communities may offer unique opportunities and advantages based on their focus areas, values, and structure.

That's all from my side. I think I have tried to give answers of all questions given in the Contest.

In the end I would like to invite @sualeha, @kunwal and @steemdoctor1 for the contest.