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RE: Curation Earnings Analysis (with stats and thoughts on 50 / 50 curation system proposal)
Thanks for the read. miniature- tiger, i went through the whole bot voting thingo, still do a little bit. I prefer manual curation and it's usually hours after a post is written. Flat might be the go for me. EDIT: Content discovery - i'm working on tipping resteemer's if they leave a comment, where are you @abh12345
Thanks!
I like "flat". The current non-linear curation:
(a) Discourages manual curators from voting on the best quality posts and the best authors because the curation rewards are low by the time they get around to reading them.
(b) Encourages people to vote on poor quality posts because they know a large bid-bot vote is coming.
(c) Encourages automated curation-bots that reduce the curation rewards for actual readers.
For the slider, I'm talking about a curation slider for the voter (Ok, so maybe two sliders is too confusing, but it could be introduced at minnow level, i.e. once people have been involved with the blockchain a little while.)
So for a 100% vote (under existing slider) you could choose to give all the vote rewards to the author, or 75% to the author (as currently - and retain 25% yourself) or 50%/50% or 10% (retaining 90%) or even nothing - except the visibility of adding to the post reward.
And for a 50% vote (under the existing slider) you could choose to give all the vote rewards to the author, or 75% to the author, retaining 25% (i.e. 37.5% / 12.5% of a full vote) etc.
I've seen the proposal for a curation slider for the author of the post. But I think it just leads to a race to the bottom. Some (large) voters will let it be known they will only upvote posts with high curation for themselves. Which forces authors to compete by offering higher and higher curation until they all reach the maximum curation possible. Which means voters who want to give 100% of their vote to the author, or 75% will not be able to.
Also with a curation slider for the author, posts with high curation offered will do well, perhaps very well, even if they are poor quality. The incentives are misaligned.
I really think that there should be no incentive to vote on particular posts, which means people are free just to choose and promote the best content, which is best for Steem.
Thanks, i had deleted the vote slider part after reading some other comments. oops:)
I've not commented yet as it's likely I'll be reviewing the post for utopian-io. Where I will be leaving a long comment if that is the case 😁