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RE: Hard Fork 21: A Case For the 50/50 Curation Reward Model
I guess the people who decide the changes, or forks, do an exhaustive study of the consequences of those changes, don't they?
Steemit has lost and will continue to lose users. So I think they should look for a solution to prevent those who aren't leaving and investors continue to support the platform.
Steemit will be faced with new competencies, who knows, Voice will possibly take down all platforms if it offers something better.
A 50/50 reward distribution, in the end, doesn't sound so bad
Dear @jadams2k18
I guess they do. And then they think how to put their all ideas into nice words :)
Very true. And "milking the cow" before it dies isn't solution. You out of all people should know it :) Imagine that wealth in your country is being wrongly distributed and changes are being introduced and all of sudden those who have money are getting even more, end all hardworking people are being paid less.
How would that solve problem?
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
"milking the cow"... I never heard that expression. But I know what you mean. I have seen many examples with bank managers who fled the country with the savings of many workers.
I get your point. And I agree with you