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RE: Steemit is not decentralized and it's causing a retention problem. Why not give some power to the people that earn it? Here's my suggestion.
I don't know how guilds at the blockchain level would work. How would whales share their posting keys without people abusing it and how would the power be split equally among all participants ( that would also break the contract btw) A trustless guild would solve a lot of problem but is it technically doable?
What I have in my head is just an idea / proposal, but it could be done. If it were done at the blockchain level, then there would be no need to share keys. The whales could allocate power voting to the guild, and then the blockchain could automatically distribute the SP based on the votes of the guild members. There are a lot of details to iron out though. It will be interesting to see if anything along these lines is in the upcoming roadmap.
I didn't know voting power was transferable this way , is it really?
That would mean whales would have to vote to the guild every 24 hours right? They could probably set up a bot to do it.
What will be the incentives for whales to allocate their voting power since they could earn curation rewards with a bot?
It is not something that is supported currently. It would require a change to the blockchain to add the curation guild functionality.
There are a lot of implementation details that would need to be ironed out. I suspect that if they did it, the SP would be allocated to the guild unless/until the whale decided to unallocate it.
One reason would be that a good curation guild could potentially earn better curation rewards than a "dumb bot". Also, whales could support guilds that were voting on the type of content that they felt was advancing the platform - without having to acutely curate and read all of the posts themselves.
I would say bots are a lot smarter than manual curators. Most people have no idea about the 30 min rules for example. Every bots knows about it.
Also bots can upvote much faster so they always outpace manual curators. If you look at the curation rank, all the top curators are bots.
I've subscribed to biophil's bot and everytime I vote manually it reduces my score, I need to let the bot do the work if I want to keep the same curation score. The only way manual curators can earn more than bots is if a really great post from a new author is only noticed late by the community( which is very rare). Manual curators stand no chance against bots.
If curators of a guilds are bots too then whales will just chose guilds with best curation score or as you say guilds voting for specific stuff
Replying here.
Bots have a lot of advantages over humans, but there are a lot of things that smart human curators can do better than the bots that exist today. Especially if the humans band together in teams/guilds and work together rather than individually.
The bot vs. human competition will be a fun thing to watch over the coming years :)