I guess this depends on the viewpoint a person has what Steem should be.
Yes. But from what you are writing we have very similar point of view, the only difference is that I see new model fixing many of those issues while you see it quite the opposite and I don't understand why.
Bigger curation rewards empowers those who have SP.
Guess what I'm trying to say is that I hope that this change won't make the middle class of Steem that has worked hard on their own account by investing/grinding/blogging feel less empowered because they won't be able to use their vote in the way they were used too (a stable vote wherever/whenever you vote on the blockchain).
It could potentially be demotivating losing that. I remember coming home from Steemfest 1 and I finally crossed 10k SP and my vote was worth 1 cent for the first time on steemit (this was under n^2). When it changed to linear it was worth a lot more and it was stable and that felt great.
Linear is what most Steemians know today. It's also easy to understand.
Under these new rules, I don't know what sort of impact this will have on current SP holders. I don't know how much a 10k vote will be worth on a post that has no votes for instance. I'm assuming it's a lot less than now and more on a post that already has a lot of votes.
I know these changes incentives users to vote for content that has the most votes or for posts they think will get a lot of votes for curation rewards but it also takes control from current Steemians doing their own thing. (and yes I understand this also involves abuse and self-voting and what not but Steemians also do a lot of good under current structure).
I hope when the announcement comes out that every Steemian at least knows how this will affect them and what the reasoning is behind the changes.
Anyway, I want to thank you for replying as a top 20 witness. That was cool.
Thanks, now I know what you are concerned about. Actually quite interesting aspect. More related to UI/UX which usually mostly sucks. What I didn't liked in n2 days was that there were no info on actual impact that you've made on a post.
That info can be precise only at the post payout, with more complex algorithm it could be more tricky to guess.
With upcoming changes it is worth making visible on how good your curation efforts was.
FYI: @steemchiller - new challenge for SteemWorld :-)
First of all, Steem's inflation should be removed for rewarding the content creators and rewarding should be delegated to front-end DApps. DApps can launch their own TOKEN and reward algorithm to discover contents. Current inflation is not keeping up with low demand. If Steem did not have relative high inflation, it would easily sit at top 30 in CMC.
EIP may help a content discovery frontend such as Steemit, but it will kill other business models. Steem should be neutral to any content discovery models and DApp/business friendly. It should help DApps to be built and make their own rewarding algos. Steem should be removed from such controversial or unpredictable outcomes. Let SMTs handle it according to DApps need.
Steem's Inflation should go to protocol developments, witness compensation and PoS interest (2-3% vs current 8.5%). Rewarding content creators (in Steemit) should be done with SMTs. STINC should launch their own SMT, share profit from ads with celebrity creators by SMTs and experiment with all kinds of EIPs.
Steem Investors will still earn TOKENs through RC/SP delegations. @steemhunt, @actifit, @dlike is already showing a good examples. Creators and DApps will figure out optimum synergy with a token to distribute. EIP will make Steemit relevant, but other DApp models to be inconvenient.
Bidbots are not evils. It is an alternative to the advertisements. They have their own business model. They can find their own front-end DApp with TOKEN where they can succeed or thrive. Competition within front-ends with SMTs will spur innovations.
All the front-end DApps can try their own SMTs with different distribution technique. Finding a sweet algorithms to rewarding the best content is more than rocket science. A former founder, @dan is bragging that he can fix it, I totally disagree. It needs lots of trials and errors and should be the realm of DApps.
DApps with SMTs can try different algos. @steemhunt, @actifit, @dlike and others are already experimenting. Steem's inflation and broken rewarding is helping its price.