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RE: Should Comments Have Their Own Reward Pool?
With no curation rewards for comments, why would anyone upvote comments? It makes no economic sense. People would just be wasting their upvote on something without getting anything in return.
And 38% of the reward pool would go unused.
I don't feel it would be wasted votes at all. Think of the dynamic of communities, which I believe will be much stronger in the future as group or sub forum style tools become available.
Content creators have plenty of incentive to vote up good comments on their material as do the other members of the community. Voting on comments is allocating power to people you respect in your community (especially those who may not blog themselves) who probably follow you and upvote your content. A vote on a good comment is akin to a customer acquisition cost. If the person is retained as an active follower, you recoup that cost slowly with each new (more powerful) vote they cast for you.
Communities that have the most engagement (voting & comments) within a tag or group will see all participants grow their Steem Power at a greater than average rate because the reciprocal voting creates a feedback loop/virtuous cycle, whatever you want to call it.
Make no mistake, I'm not advocating collusion or vote trading. We're all going to settle into our main tribes with ancillary participation elsewhere. The groups that make use of comments and engagement, be it politics, gaming, art, or any topic, will successfully carve out a percentage of the rewards distribution that passive communities will not. Comment voting in its present form does this already, but the effect would be enhanced with these proposals.
Personally, I don't think the vote would be wasted, either. I upvote comments all the time, not expecting a reward.
I'm just talking about what I've observed about the big whales. I know for a fact that a number of them don't even like the content on the platform and vote for monetary gain, period.
Not saying it's a bad thing, I just feel that's the way it is.
I assume they would upvote as a sign of assent or appreciation for the comment and this would be a reward in itself. The commentator would be rewarded(from the 38% reward pool) for their efforts in contributing to the discussion. Upvoting also pushes comments higher in the thread to gain better visibility, so it might be the aim of upvoters to make a particular point more prominent to readers following.
Oftentimes, people will rally behind a commentator that has expressed their viewpoint. Rather making a 'me too' post, they can just upvote?
Minnows don't get curation rewards. This would mean if mainly minnows did the voting their vote would give a higher reward than $0.00. That would give minnows a very good feeling as currently they mostly feel pretty powerless.
Minnows don't, but the reason people are here doing anything are the whale votes. And they whales vote when their is a monetary incentive.
And I doubt they will go comment hunting when there's no money to be made. The end result is that we will be earning 38% less for our posts.
I would be OK with that because more rewards for commenters has the potential to bring many more users since there are more commenters than writers in the world. Bringing more users would increase demand for steem and the price would go up.
Yes, I'm more than willing to give it a shot. There are a lot of people on Facebook who rarely, if ever, make their own posts, but comment on other people's posts frequently. And maybe when outsiders run into Steemit posts, they have a comment in mind they would like to make, and if comments are being rewarded in a significant way, they get interested in joining Steemit.
So, I'm not trying to be opposed to change for the sake of.
I'm just skeptical.
But like I said before, more engagement is good. Currently, Steemit attracts content creators, and that is the reason for the lack of comments, since people are mostly occupied with their own content, waiting for the upvotes to come. Most of the people on the internet are content consumers, so there's a huge group of people that Steemit is not drawing to the platform right now.
I guess curation rewards for comments could skew the conversations when comments from certain users would get autovoted every time.
In that sense, I agree with the changes.
I will take a wait and see approach. But I'm reserved.
That is true. But I'm not convinced that the comments would earn much. And less rewards for posts will drive existing members away.
I'd be happy to be proven wrong, since what keeps me hooked on Facebook are the conversations, and right now Steemit is not that social of a social media, but I see potential problems.
According to the developers they would make 38 times what they are making now... That might be a bit much but not if we suddenly get a lot more users...
true, since right now the commenters are basically the writers too