Common sense appears to be prevailing exyle - this 50/50 idea being thrown around is simply irrational.
Seriously - they want to attract more high quality bloggers to STEEM by... paying them less.
SirKnight.
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How can we know for sure that the high quality bloggers will get paid less under 50/50? Serious question.
As a higher curation reward will attract more users to actually curate, it could potentially lead to bigger pieces of the (author payout) pie going to more and more deserving authors, who're mostly looked-over right now in favor of gaming the stagnation (predictability of curation reward potential) caused by so highly incentivizing self-upvotes.
Then there's the other part of the equation. Even if the "best content creators" may currently be getting paid more in Steem terms right now than they would under 50/50, making Steem more attractive to a broader audience of "content consumers" brings with it a good chance of increasing the price of Steem in dollar terms. So you end up with a case of instead of making 50 Steem per post @ $0.80 per Steem, you're making 38 Steem per post @ $5 per Steem.
Because, let's face it, we don't care so much about how much Steem we get paid to blog, we care about how much we can buy with what we make ($). Getting a million Steem per post is meaningless if Steem is @ $0.
I will leave it to those prosecuting to the case for 50/50 to prove that authors won't be adversely effected under this model.
Though I can tell you the members of the communities I am involved in most likely will be adversely effected - they were getting 75% of their post rewards and under the proposed system they are getting 50% of the post rewards - seems pretty clear to me.
I agree though - the price will shoot up for a short time - long enough to let a few of the whales sell down some of their stake - but still make the same rewards on the other side.
Some will do really well out of this proposal - and I can assure you, it won't be the working man.
SirKnight.
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You were right in calling it a "model". The thing about models, or, in this case, "economic models", is that we can't really know how they'll work in the "real world" until we test it.
I say, test the fucker (please pardon my French), because, as I see it, this system is not running very smoothly where the dials are set at the moment. We may be pleasantly surprised, or not. Whatever the case, there is logic to setting a higher curation reward over author rewards, namely that there are far, far more content consumers than there are content creators. Why shouldn't you appeal the economic model to the majority?
The one concession this Knight will make is that curating would be much more fun under a 50/50 model.
Why such an extreme change though? Wouldn't 60/40 be a better mix.
Again, all this will be solved with SMTs - so I think this is where we need to focus our energies.
SirKnight.
Posted using Partiko Android