1st one only delays the onset of the same problems. The second one maybe... I put 6-7 ideas at the bottom. I don't have a hidden trove beyond those yet :)
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1st one only delays the onset of the same problems. The second one maybe... I put 6-7 ideas at the bottom. I don't have a hidden trove beyond those yet :)
I just replied somewhere with my preferable reward distribution:
Would you like a distribution close to this one? And what can be done to achieve this you think? (One thing that is important is to design it into the protocol, we can't rely on people, people are corrupt as hell haha).
Well, I actually like the distribution we have now. I want the whales incentivized to curate. I see a bunch of them doing it well. So, I think the incentive is there. What's bad is the incentive to curate anything likely to trend.
I like that authors get 72%. That seems about right.
It's a shame that commentors get little, but I think that's cultural and a little on the programming side. hard enough to get people to upvote 40 posts. Now you want them to curate all the comments too? I think that's going to meet resistance.
The one I'd change is interest. Witnesses set that unless I'm missing a piece. Just set it to 0 and we have 7% of $50M a year to dole out to non-rich people.
So, I like our current distribution scheme from a overall percentage end. I think we just need to broaden who it goes to.
I dream about a world where talking about whales is irrelevant. The system should just recognize how well a person curates. I have nothing against whales earning more absolute profits than us, as long as we all are treated equally when it comes to our curation skill. Currently there is no variable that keeps track of curation quality, only the shitty reputation variable that is nothing more than a World of Warcraft level AKA quantity (it should be called popularity, not reputation!).
Since SteemIt is still in beta, everything is subject to change. So if author rewards suddenly drop by 50% users will have to get used to it.
Weirdly enough with currently only 2% going to comments i feel i get rewarded appropriately (at least from my experience).
Interest is actually one of the most important ones. If people can only get interest by buying STEEM (POWER), then you have the incentive for investors and the value of STEEM will grow immensly until it's stable (10-20 years into the future probably). But of course this is one more implementation that is currently not optimal. Can we even call it interest BTW? Isn't it just inflation (immunity/compensation)?