Dear @gandhibaba
It's me again (my second comment)
Personally, I agree that a 50/50 curation model will indeed give more powers to the whales because they will earn more. However, this is a deserved power, deserved because the whales are investors.
You're overestimating investors and their importance. Let's imagine some Masternode which is providing dividents to investors. For doing what? Just for holding token on their wallet.
Price of such a token would surely grow as long as there would be more fresh investors. But that price wouldn't reflect any sort of value. Because no value would be created.
Right now there is less and less content created on Steemit. value of this platform is decreasing. And cutting rewards of those people is not a long term game.
You're seeing things from very positive angle. It's almost like "praying for rain" (no offence my friend). I see same topic from different angle. Angle of people who would like to abuse this system for rapid gains. And opportunities will be enormous.
Surely 50/50 doesn't encourage to power down. STEEM may have a great bull run, but once price will drop then show will be over.
And that could do some magic to the price of Steem in the long run.
Again: those who only think about financial gains will surely enjoy great times.
However if price of Steem would increase to such a levels, then we would witness slow death of this platform. New users would never spent that much money to power up to at least 40-50SP (Without it using Steemit doesnt make sense at all. Resouce Credit limits and restrictions are just insane hostile to new users).
ps. Would you mind if I would share this publication with wider audience? I really would love to hear what other people have to say.
Cheers
Piotr
If the price will turn to positive than for sure people will not buy steem i agree with it. BUT! They can start to create content😉 so they can earn.
Maybe i am also too much positive minded but i do believe it will be q good change.
( if not than i am mistake ) 😂
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Tried that one. Doesn't work. Most of the reward pool goes to the wales and their bots. What really is needed is the activation of the 3rd »√x« reward curve which would reduce the power of the wales.
In case you don't know, there are three rewards curves build into the system. Simplified: x², x and √x.
x² increases the power of the wales and was active in the beginning.
x is neutral and currently active.
√x decreases the poser of the wales.
The last one is needed to support new users but that will never happen. The witnesses won't curb themselves. Instead there is discussion to reactivate x² which would be disastrous.
If x² was reactivated I would probably power down and HOLR until there is is a good time to sell.
Dear @krischik
I realized that some people are simply afraid that whales will break their large accounts into thousands smaller ones.
Yours
Piotr
Possible. But it would be a lot more work for them.
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Doesnt work because everyone sell they vote.
But with 50/50 maybe it will not worth. But it will worth to currate.
Lets see how it will goes. I am positive right now.
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Dear @gabbynhice
I only just realized that I never thanked you for your comment. Appreciate it.
Yours
Piotr
He he no worries i know most of us are busy😉 he he
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