That's not how curation works.
50% of the rewards will be shared AMONG ALL curators. You do not get 50% of your upvote. The curation will still be distributed with all curators.
There will still be frontrunners who will now get a much larger part of curation rewards due to 50% rather than 25%. You can totally expect that there will be automated front-running accounts who will vote at 36 seconds (the 12th/13th block after post publishing). And their earned curation share, compared to now, will be much larger.
If you're the largest whale and upvote a relatively popular post rather late... You will still be the loser and you may end up with only 5-10% of the curation rewards on that post. Which may be much less than 50% of your own vote value.
I agree with this phenomena. but after HF21, this will be not the case as i think. Is it also in HF21 ?
In HF20, if you upvote wisely you will get approx. 100% return by your above current/detail calculation. But this will be not the case in HF21, as i think.
No. He is talking about post hardfork. People self voting get 100% of their votes each day, if they are forced to curate, the will get 50% of their votes each day, if they are good curators that is. This will not create more demand for SP, instead it will create less.
Even more so with the 1 minute window. The switch to 50% will make smaller stakeholders earn more because they can automate, where actually manually curating orcas and whales will be the ones subsidizing the increased curation rewards of early voters. Anyone minnow could easily sacrifice their $0.02 and upvote after 6 seconds in order to maximize their return. Upvote Acid and Bernie as soon as your script allows and you're golden.
By trying to fight "abuse", the behavior of few, each new proposal (and HF) is actually penalizing investors because the focus is constantly on Minimizing abuse. Which, as per white paper, can not be annihilated. The focus should be on actually improving returns also for larger stakeholders. That will increase demand, not a model in which the HODLers subsidize even more.
We know the Austrian model is not what drives Steem anymore. Returns are, not idealism and ideology.
Yep, I completely agree. This fantasy of chasing "quality content" is what is actually going to kill this place. If it had been geared towards people maximizing their returns it would actually give people a reason to invest. Right now there are few few reasons and every hard fork is giving people less reasons.
That's the thing which seems to get forgotten here: every recent HF has penalized the "freedom" of larger stakeholders.
While I agree with some improvements in spirit, they all were an investment deterrent. As if inflation alone, not even to mention the premine, weren't enough deterrents yet to attract more traditional, long-term investors. Not wild wild west cowboys... investors who do not look at any return in first 2-3 years.
They are trying to cator to content creators since they are the ones with the loudest voice. Yet they want to be paid out for their work without having to buy-in. That is an unsustainable ecosystem unless they were to back steem rewards with advertising revenue they are generating... that would be a great idea if they would do that actually.
The window is going to be 5 minutes. The 1 minute has been modified.
Cool will set script to frontrun 10 blocks after publication then. 👌
Lose some from the new curve, make up for it with more low[ish] SP front-running accounts. Some farmers are going to love this.