You are viewing a single comment's thread from:
RE: Update on Simplicity: Cutting Complexity with Steem 0.17.0
reduce the incentive to pile votes on an existing popular comment for personal gain
& solving many other problems
reduce the incentive to pile votes on an existing popular comment for personal gain
& solving many other problems
This so-called incentive doesn't actually exist. You get curation rewards by voting before others, not after, and currently this is extremely front-loaded where later voters get little or nothing. Even in a flatter system where earlier curators don't take so much of the pie, seeing a lot of people already voted does not mean that a lot more will vote and that you will get a larger curation reward than just voting on something else like a new comment (unless you see this surge in voting early, in which case your vote is valid curation, predicting that the post will gain in popularity). The stated theory motivating the idea is wrong, though in theory the idea could still be correct for other reasons.
You are right, I just seek the opportunity in everything to kill the curation rewards. It seemed a good idea when I've first hear about it, but I don't think that anymore.
And before another greedy jerk would downvote me, I'm not talking about taking away that rewards. Actually, I would give all of them to the investors as a fair share based on their Vests. The fact that an investor have to vote to get interests is a joke (IMO). The only way to do is running bots, subscribing trails, and so on. What should I, or other users do? Subscribing to trails to give our votes to contents that we have never seen, never read? Because that would be the right decision economically.
And again, I have no problem with trails, bots, etc. But when it is for profit, people forget what they really like. And fake trends born...
Yes, back in December when I first joined I soon realized that people were voting without having even read the post and I did a DaFaQ! It took me a bit of investigating to realize the platform in that aspect was dominated by bots and curation trails and it became glaringly evident that they offered nothing but self serving platitudes and arguments about wasted/unused ever building voting power, and no good reason to upvote for curation or to reward authors/content creators which is clearly outside those weak pathetic selfish options of must use voting power, or consistent quality content creators.
Curating should be responsible, and to have responsible curating doesn't require it to be incentivized and turned into a game of spending all your voting power, in an effort of making percentiles of steem, or much more bastardized in making huge amount of steem, that's moronic no matter how you look at it, abusive and self serving.
There is only so much steem/rewards created every day, and having 95% of votes coming from automation removes much of the value for voting. Effectively it doesn't matter anymore especially for new accounts, they have no impact because of no SP, and because the SP invested in voting is so freaking colluded by bots/automation.
Remove curation rewards, and reward content exclusively, subsequently you diminish the prospect of bot and automated voting and SIMPLIFY, KISS!. Diminished bot voting will mean that the vote power is spear out, and then I believe the team should be focusing on a way to remove automation all together, to diminish any prospect of filling up the reward pool allocation with "I vote for the content creators I support and provide consistent quality" votes that will undoubtedly persist and equally not ad any value to community building or social interaction, once that is out of the way low end users will have a substantially larger voice in who gets rewards thus leading to far more engagement and a-ha! moments all around.