The reality is that downvotes are never going to fix the excessive rewards issue. It may have an impact on plagiarism, and new account spammers, but never on excessive payouts. I just did a check to remove $10.00 value from a post you need 500,000.00 SP that's five hundred thousand Steem Power. At 100% your downvote in that case would be ten dollars. The example post has a payout of $168.00+. With out the ability to decrease the reward givers vote/curation reward then the downvote is meaningless and only has an effect on smaller accounts.
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From the $168 payout $18 would be curation rewards and probably about $100 spent for bidbots, this making about $50 netto, half of that locked in Steem Power.
Minus $10 payouts might have a crucial role here.
Which means the currency still is too valuable at this time considering the distribution. ;)
This is why I proposed the Huey Long algorithm to limit payouts to a multiple of the median. This allows for orders of magnitude difference in incentive between good and less good content, but removes the incentive to profiteer from financially manipulating curation, which destroys curation.
Capital gains should be the reason to invest, not profiteering.
Thanks!
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