I mostly agree on those points, especially the $0.02 cutoff, but I think there needs to be a way for someone somewhere to get higher returns from curation than they would get by self-voting, so that they can stabilize the lease market and make the worst kind of abuse much less profitable (this is what I was doing before the change).
Unfortunately for anyone that thinks things have just improved, as far as I can tell it's only true for the lowest possible ranges of curation, and anyone that was getting 10%+ has just been dragged down into that range. I'll be looking for the silver lining and if there is one, I'll find it. The benefits seem human-centric in the sense that they damage the optimal behaviors, turn the game theory more towards the exploits, but offer positive sentiments along the way and some extra freedom. I think being able to vote on whatever you want and getting the same return is certainly a positive for usability, but it is no longer "curation" and that's the problem I have with it, because those systems existed for very good reasons, and it seems like they were deleted rather than improved. (just to be clear, I don't think the old way was perfect, but I think it was in the ballpark)
Other than that, small accounts will always have small voting rewards, it doesn't make sense in any other way, because the rewards have to be % based to avoid bot army incentives. Even something as small as a penny being added as a flat value bonus would be most likely be exploited. The trick I think, is to make the exploit into something positive, a system where the optimal behavior is also beneficial, and I don't see things moving in that direction if people can just mindlessly vote through trending to get the same rewards as anyone else. Honestly it's so silly that I keep second-guessing myself to wonder what exactly I have missed.
OK, so how about DECREASED returns on votes where there are already many votes of large value? THAT will certainly make people look for those under-voted posts, don't you think?
sorry I'm a snail to reply, but yes, that basically describes the old system. I think the real problem there was that people were not curating accounts, but rather they curated posts, and some accounts were known to always get large value. It meant even the best curators were only doing 10% of their job after a while. If instead people got some type of curation for entire accounts, then maybe they are always on the lookout for new people, which I think would be ideal. Except now we have moved so far in the opposite direction I don't think anything like that will come. This new way at least lets people vote however they want, which is nice. I just wish there was something more optimal than circlejerking since those people can always win the bids on delegation, but before it was the curators that had the highest returns, and among those, it was the ones spread among largest number of curated accounts that were on top. Now that curation is gone people get less return for delegating, and are 10x more likely to delegate to someone doing shady stuff, since that's the most profitable thing to do now. Even though I like the freedom of voting on anything, it still seems like a major detriment. I really like if 'gaming the system' has a positive result instead.
That is too confusing to me. I don't know the difference between curating accounts and posts. But thanks for the response.