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RE: PROPOSAL: REDUCE POWERDOWN FROM 13 WEEKS to 5 WEEKS.
Yeah, agreed... posts are stagnating on trending currently, even some upvote bots limit vote purchase to first 2-3 days, I’m sure many families in poorer countries would want their rewards sooner.
Yes last time we went from 24 hours to 7 days, means rewards pool needed time to fill up, reducing to 5 days will be the reverse, slightly higher at first and then stabilise.
Hi, I'm deeply concerned with the idea of a 50/50 reward scheme...
The numbers just don't add up. At least this not where we are supposed to be driving the platform. Please read this post, I would love to have your feedback on the subject.
Tbh I’m concerned about it as well which is why I proposed if something like this is going to move ahead, at least start with 60/40 to test. Higher curation split favours larger stakeholders and may create a larger divide in our economy. Also it messes with the author funding models of apps like fundition and utopian. That being said, I don’t think such changes will be pushed in the short term as Steemit Inc is committed to completing other items on their roadmap.
The issue is that it will hit the long-term success rate of the platform. We will need always to attract and keep incentivizing new users for this place to have any value. But with this scheme, that possibility is really jeopardized :(
You mean the 50/50 curation/author rewards right? You are happy with the shorter vesting period?
Yep, 50/50 author-curator rate.
Before lowering the vesting period, I would love to see a mechanism that readily allows witnesses to rollback any change if there is proof that the said change is not helping the system.
I like the vesting period as it is because it prevents big stakeholders to participate in a pup&dump dynamic.
But again, this should be safely tested and we should have a mechanism to return to the previous state with no delays.
That is a simple economic parameter, don’t even think it requires much coding, u can def. roll back from that.