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RE: Update on Simplicity: Cutting Complexity with Steem 0.17.0

in #simplicity8 years ago

While not in favor of that much of split I do think curation rewards need to be higher... 75/25 is not nearly enough to make curation really worthwhile for most people or to really encourage many people to vote. Especially since early voters forgo some of that curation which makes the actual curation split somewhere in the low teens...

An author/curator split of something like 60/40 seems like it could work. It might still not be enough but it would be better. Some say that curation is not needed while I feel that curation is a great incentivisor to get the most people to vote...

Good points by the way about the curators being hundreds/thousands of people vs. a single author... hadn't thought about it like that before.

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and don't forget that people that vote the first 30 minutes give more rewards to authors... so it isn't 75:25 but rather 88:12 !!! So a reverse make absolute sense because for the same reason it would not be 25:75 but about 38:62 (author:curators)

Unless the 30 minute penalty was also adjusted or thrown out :)

there was a discussion to adjust to 5-15 minutes...
throwing out would once again favor too much the bots I suppose

Some say that curation is not needed

Curation is needed, but not the curation rewards. I, for one, would vote without curation rewards, and I think many of us would do.

I would too. I'm unconviced that curation rewards are the main incentive for voting, however often it is repeated; it is untested theory. It is the main incentive for using voting bots and otherwise gaming the system without caring about content. Another experiment to test the theory, perhaps?