RE: If HardFork 21 Goes Through As Planned Will You Change Your Behavior.
If HardFork 21 Goes Through As Planned Will You Change Your Behavior.
No.
I curate manually and anyway already now (with 75/25) I upvote posts which I like and don't care much about the curation rewards (most of the time I upvote late and don't care who else upvoted these posts). That wouldn't change at all with '50/50': I still would upvote what I like.
I like to upvote new/unknown users manually. Often my upvote is the only 'big' upvote under their articles. At least I can support them. With 50 % curation rewards I couldn't support these users as effectively as now because anyway I would get a big part of my own upvote back (as curation rewards).
I think many manual middle sized curators do the same. They curate because they just like the curated posts.
Yes, with more curation rewards whales would maybe join automated curation trails instead of using bid bots (that would be a progress). However, I am not really a fan of these automated curation trails. They select a few lucky users which start earning quite some money on every post (the posts are not evaluated manually) but the big majority of users still doesn't earn anything. I would prefer that as many users as possible earned small amounts of money instead of a few selected ones earning quite much. That would be only possible if more (bigger) users were making the effort to curate manually and really read/watch content before upvoting.
Concerning the 50 % curation rewards I am not against trying it, but I am not so convinced of the positive effects. I understand the idea to make it more attractive for whales to upvote again ... but at the same time I wonder why these big accounts are that fixated on their ROI? If the STEEM price raises significantly again, they will be unbelievable rich anyway, if it doesn't, the ROI also doesn't matter much: they have lost money anyway. I personally would agree not to earn one single more STEEM if that would guarantee a significantly higher STEEM price. Better concentrate on making the cake bigger than on getting a bigger part of a cake which is getting smaller and smaller.
(When I bought BTC I also wasn't asking how much interest I would get ...)
Great job! I really respect how you are approaching things and it seems like an excellent plan.
Bitcoin as you know is a POW, meaning everyone knows the distribution is going to the miner who mines it. They also have a mature enough dev team to know that is how it works and that it will often be sold as a reult of paying for mining equipment.
In our case, DPOS was meant to be a distribution method.... Some how our stakeholders started to perceive this as their own ROI. They also don't seem to understand there has to be a demand.
I guess we will see how it all works out.
They should, also because a rich pool of satisfied users would also make STEEM much more interesting for larger investors in the long run than it still is today: interesting to place advertisements read by many, to market products, to disseminate information. The value of a (social) network is measured among others by the number of its users.
Exactly... The value is determined by users in social media and regarding the crypto part, you need enough people to decide it is a viable currency to add value there. Our numbers are pretty sad in both areas.
on the last part i am wondering for months now. i do understand that they would earn 100 or whatever steem by doing what they do, but is that 100 more important than price of steem? if you have 500k or 1mill of steem and steem goes to 10-20$ do you really care about that 100? they are the ones that should care about steem, not minnows.
on the topic of changes, not gonna change, i have almost 2 jobs i don't need another one. vote when i see and like, comment when i think i should, my "roi" sucked till now, it will suck more, but it is fun to be able to share some value to people that you find interesting.
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