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

in #steem5 years ago

The 50/50 split will:

  1. increase ROI for bid bot owners
  2. decrease ROI for bid bot users
  3. market mechanisms will correct #1 and#2
  4. the current level of bid bot usage will be sustained with less money being pumped around by users.
  5. this creates demand for more delegation to bidbots.
  6. The dust treshold combined with the new reward curve and the 50/50 reward split create additional demand for bid bots for smaller and new users.
  7. the separate down-vote pool creates insentive for current self-upvoters to move from self voting to "savely" delegating to bidbots.

So no, this won't hurt bid bots. Without a few simple fixes, that should be implemented with the EIP, not some distant HF in the future, the EIP will make the bid bot economy flourish like never before.

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Amazing comment @pibara

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

increase ROI for bid bot owners
decrease ROI for bid bot users

Absolutely. Surely bot-owners will have to change some algorythms to allow bots to function.

the current level of bid bot usage will be sustained with less money being pumped around by users.

You nailed it.

this creates demand for more delegation to bidbots.

And those who simply delegate to bidbots will most likely enjoy higher rewards. So delegators will be growing fast and bidbots will be growing twice as fast as they do now. Right?

ps. thx for sharing link to your old publication.

Yours
Piotr