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RE: Regulating Curation on SteemIt
Well, at least the code is ready and somehow tested and only 3 more witnesses are needed so I do hope for the next HF.
Initially it was looking like the consensus is there, otherwise the devs wouldn't even work on code, but it seems that someone had suggested that the curators rather then autors should regulate the percentage and that messed the things up.
That's an interesting concept, but I'd have to see the specifics. I'm not clear on how it could be implemented, or what would prevent the curators from just always choosing the maximum possible value for curation rewards.
FYI Golos have made HF yesterday adding a lot of new parameters to Consensus State, including min_curation_reward and max_curation_reward.
Last time I've checked it was min 25, max 50.
The author is supposed to be able to choose anything between min and max
https://explorer.golos.io
Nice. Thanks for the update. I'm eager to see how it works out.
Now it's already 75% min, 75% max, I didn't really expect that )
However right now there's no simple interface available for author to regulate %. There's only some minimalistic Steemconnect-like tool, made by some independent dev. And it was found out that the code allows for author to set initially max and then to change it to min before payout.
I guess the 75% min might be just some quick "bug-fix" for that.
Wow, so curators are getting 75% now? I hope they fix the bug, but I'd also be interested to know how people using the blockchain are responding to the 75% setting...
For me the concept doesn't make much sense, because right now If you feel as a curator you should get like 95% from you vote, you could always vote with 5% for the post, then just make the "nice post" comment and vote with 95% for your own comment )
So I hope that was just some temporary turmoil.