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RE: My thoughts on the Steem reward curve
The curation dynamic was also much different under the old system. Almost the entire reward pool was decided by curation guilds, just about everyone else had only a small amount of power. Around the time we switched from ^2, curation guilds were being phased out, and were far less relevant.
At that time, if your post didn't get a vote from blocktrades, curie, or steem guild, you probably weren't going to earn much on your post. Kind of like a lottery, I suppose. I didn't like that system. At one point I had 70,000 Steem Power and my vote was worth like $0.05.
But what does it do to the quality of the posts?
The closer it resembles a day job, the less authors will devote to finishing touches.
If spending another hour getting the wording and images perfect stands to drive the post from $15-$20, we're going to get a lot less finnessing than if the extra effort stands to take the post from 10c-$200.
It was never about fairness; it was about quality.