RE: A case for eliminating curation rewards
Oh, for goodness sakes, not again. Where to begin? Obviously, I can't respond to your whole article in one comment, but a few points.
-1-
When the whitepaper was written, people could be rewarded for witnessing, market making, mining, curating, or authoring. After hf17, only witnessing, curating, and authoring will be left. When you take away curating, how far behind do you think the author rewards will be? Your arguments all apply to authors, too. People write for free on other web sites, and the rewards distribution changes the things that they post and write about. Why shouldn't authors be satisfied with the same long-term increasing value of their steem power that you expect the voters to be happy with?
-2-
Writing a bot and keeping it running is not "passive investing." It's taking an active interest in the content on the blockchain. To get a reward, the bot needs to predict what people will vote on. And yes, someone who invests the time and resources it takes to do that well should be rewarded. The better the voting, the bigger the reward.
-3-
Look at the "Blockchain Operations Distribution" chart at the bottom of this page - https://steemdata.com/charts
And your conclusion is that the author rewards should stay and the curation rewards should be eliminated? That slice of curation rewards is an awful lot of unhappy customers to alienate all at the same time. Who, exactly, do you think is going to read the articles if just the writers are still here using the site?
-4-
Finally, the 1% voters are not manual voters. They're bots in pursuit of something very similar to your own goal. Here are the announcements. And Dan's comment is very disappointing (frightening, actually...)
Guild owners voting with their clients's accounts to skew public opinion is a pretty desperate and dishonest behavior.
This is one of those thing that you get with curation rewards..
Agreed. I would downvote it to zero if I saw it earlier.
Agree it's frightening. I think curation rewards are the most innovative thing here. Everything else has been done somewhere else. Lots of places don't pay you to vote. Lots of places pay you on views. Curation is only originality of steem (sbd are also original but not being used well)
Steem is a new protocol for rewarding content online. It is a technology that turns the advertising model on its head and give the power back to the people. It hasn't been done anywhere else.
Its similar to a DAO ( decentralized autonomous organization ) where users are the stakholders and the influence is based on their stake in this 'organization'.
If you think curation is the only originality you are missing the point of this technology.
Agree! 😆
But disagree that it's always the case that
Not all bots directly attempt to predict what people will vote on.
True. I oversimplified that a bit.