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RE: Thinking Out The Box: Curation Rewards

in #steemit7 years ago

As long as a fair percentage of the big wallets want to optimise their curation rewards and tune their algorithms to that end, you can fiddle with the percentages until the cows come home and bend the reward curve into a bow tie, but nothing will change. They will just adjust their, um, doings accordingly and carry on.

It would be interesting to see how the reward pool gets distributed by those who curate without looking at curation rewards. Maybe we can finally develop a "middle class" instead of increasingly concentrating Steemses at the top.

A side effect could be that those who vote for profit only will no longer see a reason to keep large amounts of Steem and will sell, pushing Steem price down. That could well be temporary as Steemit becomes a much nicer place to be. Those staying in will maybe pursue their perceived entitlement of ROI by voting within their Mutual Masturbation Societies, but they already do, and that is more easily detected than all the scheming in the background that is going on now.

Let's try it.

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Hear hear! I think it would be fascinating to try something and not get in a lather about what the big whales think of it all!

One of the problems being that witness voting is also stake-based and having no curation rewards would upset quite a few , um, business models favoured by some witnesses and big walleted people.

Not that I wouldn't greatly enjoy seeing that play out, of course.

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