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RE: Curation On Steem - Let's Talk About It
Could you explain why you think businesses will benefit from lower curation rewards? And what 25% tax are you talking about?
Could you explain why you think businesses will benefit from lower curation rewards? And what 25% tax are you talking about?
Curation rewards are a form of a tax and thereby are a limiting factor to business operations. Take Actfit for example. They are running an ICO on Steem-Engine. They are using their steem account voting power as an incentive to add value to their ICO. That value is effectively taxed by the curation rewards built into steem. So their 35% discount is actually only 10% because in order to get the value you have to pay the 25% curation tax.
If they did the same operations on Tron the actually benefit to their customers would be a lot higher. Not many business'es who can do basic math will choose Steem over other choices due to this.
I still fail to see how the 25% curation is a tax? That 25% goes right back into the upvotes pocket? If you are saying it is a tax vs who they upvote (still no understanding how you consider it a tax) then they could simply reimburse the 25% they earn from curation rewards back to the person that got "taxed". And if they curate well, they can make better money off the 25% then they otherwise could.
A tax is something that is taken from both parties and given to a third party, like a government. When doing a deal, if the 25% goes back to one of the two people in the deal, then they can work out an arrangement for that 25%, therefore it wouldnt be considered a tax. Maybe I am missing the barn door with your comment but thats what I understand.
And you can't compare Steem to tron. Steem is a app specific blockchain built around PoB concept. Tron is a general purpose blockchain where you can build anything like it's ETH. Steem was built for a set of task and cut out all the outside noise (IE Steem isnt trying to be a world computer or decentralized could storage for vids etc) - where as Tron is trying to be a world computer and is not limited persay. Just apples and oranges when talking token distribution model.
I guess we agree to disagree on this then. Not that it matters much.
It matters a little, because I'm reading the thread. Do you mean something other than curation rewards when you say "tax"? If you mean curation rewards, can you go into more detail about why you consider it a tax?