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RE: Hard Fork 21: A Case For the 50/50 Curation Reward Model

in #steem5 years ago

Time versus Investment

I have read most of the comments in this post, and there are good points and to be fair some who may have lost their tin foil hats.

Regardless we are all entitled to our free speech, an we should use it but we also use our votes for witnesses.

I believe content creators should have a fair crack at rewards but also curators should have a decent return for their investment.

What a lot of people are saying is that creators are doing all the hard work, and to some extent this is true but this is time spent without any risk of financial investment, people who vest their SP are actually paying to reward content on the platform and hoping the investment will bring a steady profit. I am all for a 60/40 split as I believe this will lead to people less likely to delegate to bots and claim the curation for themselves and this should lend more value to steem bringing in investors and driving the price higher which in turn will lead to higher payouts for all users.
With the regards to self upvote and circle jerking, this can not be stopped completely as it is the human condition for self service, but we do need to realise that without some kind of advertisement content can be easily missed, this is just the same big brands advertising and not just using word of mouth or hoping someone falls over their product.

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You received 50 Hobo tokens!

Amazing comment @monsterjamgold

Thanks for sharing your thoughts with us. I surely appreciate your time.

I believe content creators should have a fair crack at rewards but also curators should have a decent return for their investment.

I believe so too. Even in regular companies investors need to enjoy some ROI. However providing investors with 50% rewards is insane. It doesn't create value. Authors do. And authors are being "spit in the face" with HF21.

With the regards to self upvote and circle jerking, this can not be stopped completely as it is the human condition for self service,

Very true.

Personally, I also believe that our vote should have some maximum value. That would force powerful whales to spread their upvotes.

Yours
Piotr