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RE: Should We Raise Curation Rewards From 25/75 To 50/50?

in #dpoll5 years ago

Voted for

  • No

I don't happen to think it really matters how much the percentage changes, the ratio probably won't ever be enough for the desired effect.

The problem is, there's never really going to be enough incentive based on ROI alone to start curating, especially manual curation, which will end up doing the most good, if that's what we're actually going for here. Autovoting and spreading out upvotes across hundreds of accounts by the larger SP accounts that actually upvote isn't going to change, other than the number of smaller votes that each can make might increase.

For me, one of two things is most likely to happen.

  • As the payout changes to 50/50, Bidbots will make whatever adjustments they need to do accordingly, they will then get the higher SP through curation, and continue to get delegations from larger accounts because they can up their rental fees. Meantime, the users will end up paying more to bidbots to make up for what they're losing in the payout, or they will just get less, period. I don't see hundreds or thousands of curators with large SP suddenly appearing to make up the difference that authors will be giving up, mainly because there aren't that many large SP accounts to begin with, especially compared to the numbers of active lower SP.

  • Or the system starts to fall apart quicker as fewer people post because the incentive for them to do so is gone. Fewer posts, fewer opportunities to curate, fewer opportunities to maximize profits as more curators fight for fewer rewards.

Personally, I'd like to see this tested somehow. If it can't happen on a testnet because the number of transactions, sample size, duration—what have you—wouldn't be large enough to give an adequate reading as to what would happen if there was a change, then I'd like to see those who would need to be involved with this just go ahead and do it now, without changing anything, to see what would happen. End delegations to bidbots, self-upvoting, circle upvoting, whatever activities we're talking about here, then start curating, preferably manually. Do it for say three months, less if it's possible to extrapolate what's happening. That way, at least someone's theory could be proven, rather than changes being made based on what we individually opine.

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