Voted for
- Yes
I don’t think this alone is the solution or if 50% is the right number but what we have now doesn’t work and the gap between curating, delegating to a bot, and self voting is huge.
I believe it needs to come with changes to flags as well to encourage quality negative curation.
What we will see is that substantial stakeholders will vote for this, because it will allow them to extract greater rent from their stakes.
Eliminating profiteering is a far more productive course that may draw in investors to promote development of Steem and create upwards price pressure and effect capital gains. Making it more profitable to extract rewards by voting only decreases actual incentive to reward content on the basis of it's quality.
We don't see proposals for improving curation at all, because we don't have investors at all. We have profiteers. This is no way to run a railroad - or any other investment vehicle. Warren Buffet is sad.
The main point of this is to close the gap between organic voting and self voting and make it more appealing to most people to vote with your heart instead of the most profitable.
Raising the rate at which profiteers extract rewards by financial manipulation, such as selling votes, will only make the problem worse, and continue the downwards pressure on the price of Steem that diminishes all our stakes. That is exactly what raising curation rewards from 25% to 50% does: doubles the share of the rewards pool you can parasitically extract by selling votes, literally renting your stake.
Eliminating the incentives to pervert the mechanisms intended to market Steem by creating incentive to produce quality content will restore the mechanisms intended to create capital gains. I therefore posted mechanisms capable of effecting elimination of those incentives, and that instead create incentives for stakeholders in the form of dividends for delegation to development, to effect capital gains. Despite your base financial rapine, even you would profit more from capital gains than ever greater extraction of ever shrinking tokens from the rewards pool. In fact, the more substantial the stake, the more beneficial capital gains are to the stakeholder.
Whether you are capable of grasping that fact is not my responsibility. Your prosperity and felicity depends entirely on you yourself. I encourage you to prepare either to flee to another host to parasitize when Steem falls to prices that make it useless to extract with such machinations (as the result of doubling the rate at which the rewards pool can be parasitized, and the concomitant abandonment of the platform that will engender), or to switch business models to promote development, marketing, and creating capital gains that will benefit not only you, but all Steem stakeholders.
Increasing the financial rewards for voting for content does not increase the propensity to vote for quality content. It is exactly the opposite of that in it's effect, and your support for every mechanism that increases the degree of parasitization that can be effected belies your claims you care at all about curation itself. All you care about, or concern yourself with, is extracting profits. Therefore it isn't surprising at all to see you promoting doubling the rate at which profits are extracted by your voteselling enterprise.
Who'da thunk it?
100% this.
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I Fully agree with you.
No, we should not introduce a Voting Slider or change the curation percentage, because this is not the fundamental problem with Steemit.
We need to acknowledge that the Proof of Brain mechanism of Steemit doesn't fit to the overall Dapp ecosystem of the Steem Blockchain. Instead of thinking how we can improve the Author / Curation system we should think about how we can change the rules of the reward pool distribution for the whole Steem Ecosystem. My proposal would be to get rid of Steemit exclusive right to mine Steem Tokens. Steemit should become its own SMT project so that the Reward Pool is free of this entanglement. Than we can develop the Reward Pool towards an DAPP Ecosystem which should put Steempower Holders, RC Holders and Voting rights for Witnesses in the center of the Ecosystem.
Why should we mine Steem by only posting and Blogging on Steemit when the whole Ecosystem is changing towards Dapp Economy??? Please, guys lets take this serious there is no need for changing just the Curation Author reward system we need complete change of the Reward Pool Structure!
I also 100% agree on this. Can we have witnesses vote about this issue to see where we stand and could we implement the change as a community if there's a clear majority supporting the change?
I guess since someone has to do the work, proposal system would be needed to make this change happen through community? We don't need Steemit Inc's approval for this, right?