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RE: Elimination of Curation Rewards

in #curation8 years ago (edited)

Such a horrible idea.

We are the only platform anywhere paying to curate and would be one of a million paying to post.

An even distribution of steem power will solve the bot problem because it won't be possible to front run whales anymore. All these robots are doing is systemimatically front running whales. Fix that and people will be forced to vote. Front running will get difficult as the steem power distribution changes to encompass new types of users.

Why should we overpay for content ?

If you find you can make more money here than other places for posting the same content we are overpaying for content. I fear we are way over paying for content. Pretty few posts are worth more than $20. Especially when the platform has no right to prevent you from copying it to somewhere else.

the only thing useful the platform does is pay people to sort through a bunch of longwinded papers and find the ones worth highlighting.

Crypto is about decentralizing. This is a killer curation ap. Paying people micro payments to curate. Do not stop paying your star employees!

differentiation is the key to a good business model.

We have it don't lose it.

All this said, thanks for raising the issue for discussion. I just feel this would be a huge strategic mistake.

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Do not stop paying your star employees!

The paying for curation model is really flawed, because in order to get paid you have to both curate and have a bunch of SP first. As an example, I checked your curation rewards over the past week. You've earned 0.135 SP within a week. IDK how active of a curator you are, but that does not seem like very good compensation.

All the while, the real curation rewards are being dominated by bots and users who are voting on stuff for the wrong reasons. It is encouraging bad voting behavior which (IMO) is very damaging to the success of the platform.

The paying for curation model is really flawed, because in order to get paid you have to both curate and have a bunch of SP first.

This is not really true as we have seen plenty of different models for people to be paid some form of salary, finders fees, profit sharing, enhanced curation rewards by trail mechanics, etc. by stakeholders for actually doing the curation.

It is much like any business where both capital and labor are needed, but they don't necessarily need come from the same person.

All the while, the real curation rewards are being dominated by bots and users who are voting on stuff for the wrong reasons. It is encouraging bad voting behavior which (IMO) is very damaging to the success of the platform.

Usually when you see an incentive system producing undesired results it is because some aspect of the incentive system is misdesigned for the objectives. That doesn't necessarily mean you need to get rid of it. Another option is to try to improve it.

I am not opposed to that at all. Do you think it could be done?

Thanks for the reply. I was thinking of erasing this because I think I got too fired up.
I haven't used a curation bot. I don't think my curation rewards would be that high because i don't have enough sp and don't vote much anymore but I used to be much more active last summer and fall. Then I would try to get rewards by reading all the new post. I only log in occasionally now. I like monitoring the platform to see what is changing. I usually vote for things I want to see more of, introduce yourself post, and stuff on trending page that i like. I pretty much stopped trying to get rewards . However I do know the initial draw to sign up and the only reason I powered up was the curation aspect.