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RE: Overhaul of Curation Rewards
I really think this changes will promote the use of steemit, posts will have more comments and replies and this is a good thing. Well done!
Question: Will this change the current curation payout for the 4th of posts already created or will it apply to all posts from now on?
Yes, this will change the current curation rewards which we have maintained as "pending" until July 4th. This means that authors of posts will likely see slightly larger payouts, active minnows will likely see larger payouts, and commenters will see much larger payouts. The people who will see smaller payouts will be the whales that have upvoted popular content.
In other words, this change prevents the "rich from getting much richer" due to the n^3 nature of curation rewards. It will also create incentive for everyone to go back and review / comment on all existing posts prior to July 4th to make sure they are reasonable.
BUT only commenter’s that have comments with votes! And that is not the case for the majority of comments because nobody had the motivation to vote on comments... Explain me why they will vote comments now? Are the voting power not reduced again after voting on comments? What am I missing?
PS each comment from now on should de-facto get a minimum auto-self-upvote (for example 1% of our voting power, the exact % can be discussed further) that way SPAM RESPONSES should be less, and potentially REPLY-BOTS will get weaker !
Wow!! this is amazing for the little guys like me who participate a lot.. Thanks!
Awesome, I just can't wait for people to see what you're doing here, this is so exciting, thanks.
Great change. Something tells me this post is going to end up with a ton of comments!