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RE: Steemit Enhancement Proposal - Extend The Voting Period Over 30 Days By Implementing A "Hosting" Fee
Thanks @timcliff, appreciate the time taken to peruse this. I'll take them one at a time.
- Technically speaking, is very doable. They can keep only the reference to the post in memory and the actual post on a separate storage, strongly linked by some keys. I don't see any reason to keep blog posts in the blockchain (maybe just to show that you can). I see reasons to keep smart contracts in the blockchain, but blog posts aren't smart contracts. Also, by taking out the actual content from the blockchain and keeping only references, I expect the storage needs will be 100x times less.
- In this scenario, the reward pool si constantly enlarged by the contribution of people who are paying to have their posts votable. So it will actually be more and more money on the table.
- I tend to disagree. Long-tail is a significant source of revenue for many bloggers.
- This is already happening, there are cohorts of bots voting. My proposal suggests to have rewards only for authors, not for curators, as it is right now after the 24 hours period. It makes sense to pay for curation if you discover content, but when the content is old, you don't have to pay for curation, you only reward the content with your vote.
So it's kinda simper. What's your take?
Thanks for the contribution to the debate, again.