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RE: A cute idea for curation rewards
My hope would be to pay for the buyback using the current inflation. But as you point out elsewhere, it's not clear that this would be enough money.
My hope would be to pay for the buyback using the current inflation. But as you point out elsewhere, it's not clear that this would be enough money.
yeah realized that on the reread. I actually have no idea what the current rate of SP incentive inflation is.
Also a big part of the problem with incentivizing whale inactivity is that it might not be possible to exclude the steemit account, which would eat up almost half of the rewards.
It looks like there's right around 200 GV (besides the steemit account) above the 250MV mark. By my guesstimation in my other post, if you got rid of curation rewards entirely, and used all of the proceeds to fund inactivity incentives, you would be able to offer around a 2.6% APR non compounding return. Which is a worse deal than powering down and buying into SBD.
Yeah, that's kind of terrible.