RE: Hard Fork 21: A Case For the 50/50 Curation Reward Model
Hi
I got to know about this post through @crypto.piotr and I am glad that he shared this post with me.
Talking about HF21 and the change in payout structure to 50/50 I am not in favour of it. I am not much aware about technical things but from the author point of view I know much it takes to create a content but for curator it is not. If as a curator I can get the same kind of reward which author gets then I would prefer to be a curator rather author.
This is going to disappoint content authors and i think steemit might face reduction is good content. This will surely increase the number of curators but what about the content? Content has to be in place for curators.
Otherwise I dont think steemit team is going to take feedbacks and they will do whatever they want to do.
Thanks for writing about this topic.
You received 50 Hobo tokens!
Amazing comment @alokkumar121
Thanks for sharing your thoughts with us. I surely appreciate your time.
It's clear to me that we're having very similar view on that particular issue.
You nailed it. Especially knowing that as curator you would be able to simply delegate your SP to bidbots (which bidbots will be earning now x2 so rewards for those delegations will also grow).
ps.
Proposed system can only work if so called Whales would actually start delegating their Steem Power to quality curators. That would indeed allow those curators to be rewarded for their work and benefit entire platoform.
I'm simply afraid, that this will not happen. That at the end most whales will continue auto-upvoting publications of very few people, with their powerful votes and without putting any effort they will start earning x2 more than they did so far.
It surely would encourage them to slow down with powering down, which in effect would most likely bring up the price of STEEM. But that is the only positive outcome. And what would happen year from now, when those "whales" would start dumping this easily earned STEEM?
I wonder if you would agree with me on this one.
Yours
Piotr