Did they just lower curation rewards to 25Percent? I think that is one things lowering the active use percentage. It needs to be higher because everyone can curate. Focusing on blogging is like trying to line up the Uber drivers with no customers . They'll all leave! Higher curation rewards will get more users here. Preferably a steeper time premium perhaps one hour?
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No that change was made just prior to the 4th of July and only took effect after the first big payout on that date.
Thanks for clarifying that @rainman
Is the payout 75:25% in favor of creation as opposed to curation in effect now? I could have sworn I read it was still 50-50. Thanks!
It was originally supposed to be 50:50, but this was amended. Every payout has been 75:25 in favour of creation as you said.
Ah o.k. thanks ollie.
Curation rewards don't aid the redistribution of Steem. Because Curation is relative to your Steem Power holdings, it's far better for there to be higher payouts for Content Creation.
This is why, I believe the change was made. However @rainman would be able to give a more definite answer to this...
Disagree. Many minnows will tire after posting low valued post but if they notice they can get curation rewards by buying a little Steem they will stay active. Presumably they'll buy from a powering down whale, thus redistributing Steem. Eventually after curating awhile they may post on some of the hot topics. We need a reason for people to join and stay active.
That's what makes networks valuable. Attention. Activity. Not Content
Think tv ratings or active user metrics from Internet companies. Activity is value not content. Content is just one way of capturing attention. Voting / curation rewards is another. Let's incentivize what we want! Activity!It's actually two-sided, Steem gets value by grabbing attention... in other words many minnows' attention give it value. But Steem gets monetary value by selling that attention. If minnows' somehow get rewarded, they deserve it for giving their attention.
This is all about influencing and being influenced.