RE: Voting Test - Do You Think Changing to a Flattened Curve Is Urgent?
In my opinion, what will be most effective is a limit of posting rewards on a single post ($2,500 ??). This amount is still enough to get posters very excited about the opportunity, but also allows for spreading the wealth further field so more posters benefit. Additional, voting power should increase based on steempower, but only up to a limit (50k /100K ??) this will have the effect of curbing the influence of the very large steempower holders and make the posting platform a slightly more level playing field. Therefore as enticement to the very large steempower holders, any steempower over XX amount should not be rewarded with voting power on the blog platform, but with a higher interest rate on their steempower and also with the exclusive rights to vote on structural and organizational decisions of the organization. The current method of funding software development, marketing, etc through blog posts rewards is not a effective method. Structural and organizational funding to be distributed using a process more tailored to project budgeting. See Dash-coin masternode project proposal page for a general idea: https://www.dashcentral.org/p/DASHPAYCARD-DEBIT-CARD
I don't think there should be a max. Payout in fact I think voting and payouts should continue as long as the content is up. Just like you get paid with Youtube or most other places. Here there is only 2 pay periods and right now it's very hard to make money if not noticed by or in favor of the whales.
What Steemit needs is more equal voting or totally equal voting, continual payouts, a block feature and a rewards/affiliate program that pays people to bring new people on board and an ads program to bring in more money to the rewards pool.
Thanks for your reply. You have some decent points. For one, continual payouts would be great,( though don't know how that would be implemented), however I'm looking at this from the standpoint of a viable business and the investors who give value to Steem. What we saw last summer with some single posts making up to $30k and $40k was rediculous and not sustainable. It as simply a wast of organizational resources.
The rewards pool I don't feel is as important. Steemit was a very attractive and unique proposition for bloggers. One Steemit gets the incentive structure right and starts advertising/marketing it should not be a difficult sell.
If all votes were counted equal that would never happen without a massive following, and then if it did it would be deserved as that's how Youtube stars make millions.
It will be a difficult sale if you only get paid or two pay period unless you are getting insane money. Why would a Blogger with a following making continual Ad Rev and Youtube Payout come here to only get paid twice and a cap on payouts. This is also the problem with not having equal votes because if a person were to bring over 1,000 of their following, what that worth? $10-$50 (maybe it's more) if they are all new people that have no steem power? And there is no affiliate reward for bringing over those people.
If all votes were counted equally, you 1,000 people you brought over would make you money immediately.
Point taken. I still strongly think that there should be a graduated increase in voting power (up to a limit) based on the about of Steempower held, but to your point it would be good if a way could be found to give people holding zero (or very little) steempower a small bit of voting power (this would be for rewarding bloggers, but not for getting curation rewards). The problem is this typically opens the platform up to spam.
I would be great if a post could continually received payment, with no time limit, but don't know how they can work that would technically. I think for now Steem could concentrate on attracting, not the major utube stars, but the regular folks who are currently not really earning on other media platforms. This will start getting the buzz going while they workout the economics for the people who need to use the platform to generate major income.