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RE: Announcing Steem 0.14.0 Release Candidate
Hi Ned. Listen to this: right now I have invested into ~8800 Steem power. I spend each day a lot of time curating stories. If i'm very lucky I earn 4 Steem power a day for that. However... I also get ~72 Steem power per day just because of holding this 8800 Steem Power. This shows that the job of curation is actually marginally profitable. Why spending all this time curating stories to get only a little 5% more Steem Power. Why actually spending time pressing upvote buttons if you already get 95% for free?! Lowering this daily reward for curators will do a lot of bad to SteemIt, is my believe! I know its all a balancing game, but I think this will tip the curator job out of the steemit picture. Just my 2-steem-power-cents.
I saw a video interview with a witness who said that if you don't log in, the steempower doesn't go up every day just for holding steem. It freezes if you don't log in. So logging and curating is actually helping you earn the "free" steem.
Don't worry... steem-power going up according to your holdings is baked into the back-end of steem. Has nothing to do with steemit front-end. Steem however stays steady, no matter if you login or not. That's normal. Nobody has promised anything different.
Bad things will come however when the payment structure is drastically changed, while investors invested in steem based on suddenly obsolete rules. Trust will drift away from steemit this way. So its importing in my opinion that Steemit doesn't change too much in too short time. Changes are good! But with respect to the reward system, move gradually. Maybe from 40 votes per day to 20 votes per day in 2 steps in half a year time for example. Steemit payout system is VERY slow (2 years), so changes to the payout structure should be slow also respectively. You need to respect investors, and give them a change to make the right decisions on the true facts.
I guess that was me.
It's not a freeze. The Steem Power will still grow, like anyone else's. But the others wil grow faster by earning rewards. Every three years all the Steem Power is divided by 10.
So when someone is inactive, their power goes down in proportion to all others power. And when someone disappears completely, their stake will vanish over the years.