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Something highly subjective, isn't it ?
Not the way I'm using it. I'm taking the actual rewards produced by voting as the objective consensus of the user base as to the 'quality' or 'value' of the post (of course each voters' individual decisions are subjective). It is factually the case that later votes contribute to that value but receive little to no curation rewards. This directly incentivizes voting that diverges from objective consensus value. Larger payouts occur only because people ignore (lack of) curation rewards and vote anyway, but that doesn't change the fact that the curation rewards system directly discourages this and imposes a value system that demonstrably differs from that revealed by actual voter behavior.
Anyway, I was never able to figure out why rshares market idea is something to be ignored, is there something I don't know about ?
The team seems to prefer the curation guilds idea, which could be seen as a form of rshares market, just a somewhat different take on it. Both ideas do have their downsides, however. I don't have a link but there was a good post and discussion on the risks and downsides of curation guilds a while back. Most of the same arguments against that idea would apply to other forms of rshares markets as well.
well, yes, the system rewards those who discovered quality and value of some particular post earlier ( and I guess it's how it supposed to be by design ) but those who discovered it a bit later are probably to much penalized.
I think the "taxation" for early voting before 30 min shouldn't be paid to author but rather somehow distributed to later curators instead...but I guess you would say that alone is not enough ?
As for curation guilds I've seen a lot of discussions. For me the biggest downside is that it is sort of "bureaucratic machine", once established it's difficult to shut it off. If I don't have any long term plans, just want to curate some particular event ( like Steemfest for example) it would be nice to have an opportunity "to borrow" a few millions SP for a few weeks for this purpose on some sort of internal market. I guess guilds and rshares market could coexist, there's no need to stick for just one option.