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RE: BlockTrades beginning development of Steem Proposal System

in #blocktrades6 years ago

Yeah.... I dont think you would have a lot of success with the "donation" route. The distribution right now is extremely one sided, the richest accounts getting most of the STEEM, meaning that you can throw away any notion of the "community" donating anything.
Best you can hope for are donations from a extremely small number of, lets call them, charitable whales, like yourself, Blocktrades, Acid, etc.. But even those donations would remain extremely small.

I would rather go with the taking from the reward pool option..
If @blocktrades could maybe answer, how would a reduction of author payed inflation look like in relation to post payouts? The stats presented are overall token distribution.

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If I'm not mistaking, what they are suggesting would result in a 20% reduction of post payouts across the board.

That's correct, assuming no resulting increase in Steem price (which is probably too much to hope for in the short term at least).

A 20% reduction in author rewards would devastate retention.

Please reconsider this. See my post here, and school me, or let's move forward without destroying the community we yet retain.

20% reduction. Holy crap! I uuh... wow. I might need to rethink a lot of things regarding Steem.

Wait, an aprox cut of 20% per post on author side?