As a result of regressive curve 2e12, most of those immediately voting will receive -33%. Generally, I've noticed curation rewards value being 50% to 200% . However now that it's doubled, I guess this means we will see well timed votes get massive curation rewards.
Also the window for voting at the wrong time is so small it is reduced to seconds.
Combined with SPS, this is now a ststem so blatently in favor of popular witnesses, whales and developers. No kidding they just agreed to all of it and more.
The maths behind getting everything right are now so complex, I imagine anyone behaving human is at such a huge disadvantage. We are going for a fairly simple efficiency equation to something that looks like an unfair question in a computer science class.
No one likes to miss out due to complexity. Under the previous way some who were more clever were able to figure it out and explain well to others how to emulate. Under the new system, the answer is going to be (pay and?) use this bot.
Wven if 100% of whales, allstar devs and top witnesses have best interests in mind and aren't selfish, I can see their enthusiasm and experience for this tech cloud their judgement and not realize the complexity of the changes now taking place.
Experts and enthusiasts are doing the testing (pr pretending they understand) and say it's all good. What about the non-experts?
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Well said! Everyone gushing about their 50% curation rewards and forgetting the negative impact of the pseudo-linear reward curve for low value posts - including the vast majority of upvoted comments.
A cut-off at 16 steem equates to a current price of about $6. How many comments get more than $6? How many posts?
Also notice that the proposed reward curve actually keeps rising beyond 0% - does this mean it isn't actually converging to a proportional curve? Linear and proportional are not the same thing.
Strange how the OP (steemitblog) claims not to have thought about this too deeply! jeez!
One also needs to put the whole EIP package together and combine the mathematical effects.As you say, it's complex but not unduly hard - I wrote about it this week.
Large upvotes will rake in more curation rewards and a higher amount of reward-payouts. Fantastic. And where are the hordes of newbies?
Steem is a financial blockchain - human social activity will take place on the platforms - hopefully some new tokenised platforms will have their own economics.
It's definitely going to change things a lot and SMTs will probably make Steem itself less relevant and more invisible. I wonder how it is going to affect the price. If Steem is much harder to get, it's going to become very rare and sooner or later only the platforms will have a lot. That's good for people who are planning to keep their Steem.
My only fear is the turmoil that will happen in between. Keep your Steem safe, lol.
It will only become rare(er) if there is more activity, meaning rshares activity - voting being the only rewarding function. So all these tokenised steemit clones that are still plugged into the Steem chain are beneficial - platforms that generate a lot of non-voting activity maybe less so (apart from a lot of buying/selling transfers).
So, yes, manage the tokens and the underlying STEEM :-)