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 :-)