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RE: Dragons & Whales, treasure & Steem Power.
I'm not sure that faster is better. Indeed, there are some unhealthy signs in the Steem economy, but users do what system allows them. If even whales, who have what to loose, massively power down, it's highly possible that minnows who got free SP will do the same. It's obvious that something has to be done ASAP though.
I agree, there is no evidence that faster is better....but there is evidence that quality is going unrewarded. Certainly earning SP establishes a valuable investiture in the platform. Giving SP away for it to be given away in turn is unlikely to achieve an accurate price in the market in the short term.....however, in the long term the Steem would potentially find its way to stronger hands that did appreciate it.
Your reply isn't perfect.
One thing is VERY clear. Valuable content and worthy authors are not getting recognized or compensated for the value of their contribution.
The main problem is curation rewards.
People vote to make money and thus vote on what has proven to make money.
I have seen countless time people UPvote without even reading an article.
I have even seen people leave comments saying "I didn't like the article but UPvoted for the citation reward".
Sad but true. The solutions is EASY.