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RE: Do You Want a Corporate Governing Culture, or a Socially Self-Governing Community?
It's a power player's game, not a regular user's game. Regular users are alienated from the system and how to affect it across the board: reward allocation, reward confiscation, witness votes, etc.
This is why the price is shrinking..steem power is only valuable to the 0.2% which I might add are not buying steem power, they already have so much of it.
Whales understand this but because of curation rewards they are not willing to give up some of their power which is why the first step should be to remove curation reward.
Even dan agrees
I'm in favor of the new curve and eliminating curation rewards.
Thank you for the feedback.
Do curation rewards need to be removed right now? What about a shift in how the system works where all power is distributed to the active user base of real people who build the community, but they can make curation rewards? How does removing curation rewards resolve the concentration of power in issuing rewards in the platform? I know your proposal has regular users curate. I would like to understand why the curation rewards need to go to get decentralization of power? Thanks!
Well, anything that incentivize whales to not vote is improving power concentration.
So there are 2 ways to go about it, you can get decentralization of power while keeping curation by creating incentives for whales to not vote ( I changed my proposal recently to include curation rewards, basically 50% would go to authors, 15% to curators and 35% to moderators) or you can just remove the incentives that encourage whales to vote.
By removing curation rewards whales will not autovote with bots, that means that they will vote a lot less and they won't be incentivize to vote at 100% on content which means they will spread the rewards a lot more when they do vote. They are also more likely to delegate power ( new HF17 feature) if there are no curation rewards. The shift of power to the active user base will occur naturally because the power will be given to those who are active since bots will barely upvote anymore.
I would prefer the first solution obviously as it guarantees that all the power is given to the 99% bu the second solution could definetely help solve some issue regarding power concentration.
How about just delinking wealth from votes?
Occams's Razor, for reasons.