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RE: Hardfork Update - Curation being added back to comment rewards, revised curation and reward curves for both posts and comments
So they're still splitting the pools? Why? Any particular reason?
So they're still splitting the pools? Why? Any particular reason?
About 10x more people comment than post. About 10x more people vote than comment.
It's easier for a user (especially a brand new user) to write some snarky one liner comment on something they read than to compose a new, multi-line post in a blank window. We think that rewarding this kind of "drive-by" participation more is a valuable improvement to increase engagement and retention, and to generally incentivize more content and sharing of opinion (which offers more value to readers in turn).
Also, comment threads are fun.
(I was one for a 50/50 split, personally. Comments make the site.)
I support the partitioning of the rewards pool because I think that really comments are a separate type of voting system, and when the two have been together, comments have been nearly completely unimportant for rewards. With a fixed partition there is a more clear incentive to engage with comments.
Maybe the arbitrary allocation to comments will be too low?
I think we should make one significant rule change at a time, in order to be able to see what that change actually does, and the flattening of the reward curve is perhaps the most significant change that has ever been made in terms of the social platform (HF16 was arguably at least as significant on the token/investment side).
Let's let the new flatter curve play out, which will with virtual certainty result in a greatly increased share of rewards going to comments, see what things look like once the economy has adjusted to it, and then reevaluate the need for (and the rules governing) a separate comment pool.
Just remember the share of mining rewards has been taken out of the calculation in HF17, so all the other shares increase by the percentage that mining rewards currently take.
I agree though, it would make sense to limit the amount of changes made in a fork so the changes produce useful feedback.
The rewards that are currently allocated to mining are being used to create a "top 20" witness position, instead of 19.
Sure, but that is quite a small change. Miners currently only get 1/25 of block producer rewards which is only 10% of the total, so 1/250 of all rewards. Other rewards will increase by less than 1/2%
EDIT: I wasn't aware of the 20th witness position explained by @timcliff. In that case, other rewards won't change at all.
Yes, they are. I don't have any info beyond what they reported in the GitHub issue. Based on what they said in the issue, it seems like they want to be able to experiment a little bit more with how rewards are allocated and be able to use different formulas and percentages for different things.