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RE: Aligning Goals With Incentives on Steem - Thoughts on How to Curb "Gaming" of the Reward Fund

in #discussion7 years ago (edited)

For most emerging communities, post rewards range from 0.004 SBD to 1 SBD, tell us that they need to surrender half of it for curation and people will just abandon this.

Solutions need to be system wide, the problem steem is facing is that people is showing no esteem for steem and this problem comes from the 1% not the 99% who will see their next to nothing rewards split in half so you solve a problem they don't have and create a new one...

I don't support, nor agree with your proposal, just because 1 fake whale is trying to bleed the system we should not put in place a solution that will hurt even more the ones we are supposed to support.

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Thanks for sharing your views and disagreement in a constructive and well thought out way! As I said in the post I'm not suggesting we make any changes, but merely trying to get input on what others think about it.

The issue you raised about very low rewards for emerging communities is a good one, and I think the curation change idea can ultimately help them rather than hurt them.

If they are posting good content, then an increase in the curation rewards could potentially encourage more users to upvote these posts which would get the authors a higher net payout after the 50% curation cut.

If the users who are leasing SP and voting on all their own comments instead used all that SP to upvote good posts from emerging communities (which may lead to large curation payouts) then it would end up helping these authors overall.

You know as well as i do that stopping 1 scam will not return rewards to the 99%, what steem needs is to find a use for liquidity and cash flow as Steem is pretty much useless unless frozen as SP.

If that doesn't changes, SP holders will continue to sell votes, inter vote etc with no regard to the growth of the platform while minnows get disspointed after Jerry's promise of 200$ per day getting 0.002 per week.

You know well that quality content has nothing to do with payouts, is size of wallet to buy votes from whales what puts you in the trending page.

A minnow writing in spanish, turkish, or other minor language will need about 1 or 2 months of posting great content to afford a 5SBD vote to become "trendy".... (and spanish is minor in capital as in money, because it is the second biggest community in steemit)

Most people from emerging countries cannot afford to buy steem to burn it buying votes.

I insist, the solution is to create services and to give steem a purpose bigger than frozen SP

You know well that quality content has nothing to do with payouts, is size of wallet to buy votes from whales what puts you in the trending page.

Yes, I very much know that. "Money Talks" as they say. I'm very interested to hear about the services you suggest to "give steem a purpose bigger than frozen SP" and to understand how you see that helping the emerging communities.

I think that's a different and separate problem from what i'm discussing in this post though, and I still think that changing the curation % could have a net positive effect on the problem you're presenting as well.

I think that's a different and separate problem from what i'm discussing in this post though,

Your solution will amplify someone elses problem maybe mitigating yours (I'm not even sure it will mitigate that).

and I still think that changing the curation % could have a net positive effect on the problem you're presenting as well.

Well then lets agree to disagree.

Do you know the 200+ votes @ 100% for a total payout of 20 cents ?

I think you don't see what i am speaking about because you are spared from the lack of "curating capital" that most emerging countries/communities/languages experience in the platform.

You want to stop some whale gaming the system by making impossible for minnows to achieve a decent payout...

I insist, policy making is about the compromise between the greater good and the lesser evil.

I just hope more people had the ability to look beyond their local realities and consider other people needs and problems.

Also hope i don't end up having to leave because proposals like this one destroy the efforts i make to keep our shitty slums communities.


A policy maker needs to evaluate the realities of the whole, not just a part of steem.

Yes - I think it's clear we disagree on the potential impact of such a change. You very well may end up being right, I really don't know, but i'm glad you are posting your views here. It's created a great discussion!

If this change actually would end up destroying efforts to help emerging communities then it would definitely not be worth it and I would be very much against it.

Sometimes it's very difficult to predict the effects a change like this can have downstream.

Sometimes it's very difficult to predict the effects a change like this can have downstream.

No it is not, but to do so one needs to have and consider all the data, not just a part.

Steem problem is that 93% is on the hands of 0.1% and there is an enormous breach in the inflationary rewards pool distribution, too little is dripping above dolphin level, that is the reason we fail into user retention.

I invite you to use google translate on this post (It already paid out so i hope you don't consider abuse i'm linking it here) https://steemit.com/castellano/@nnnarvaez/steem-economia-basica-proyectos-y-ballenas

I keep meaning to make an english version, but can't find the time to do it.