No I think you have it really wrong, the biggest problem here is the circle jerk, where a group of about 100 or 200 people vote for each other every day and for nobody else, they take most of the rewards, you just have to look at the people who take in over $20.00 per post same guys same voters. And I see nothing wrong with that, they are taking advantage of the system legally and nothing is going to make them change their ways. whether the rewards are 50/50, 80/20 10/90 they still get the same votes and the same curation rewards and the only work they do is post a short article of so so quality and have their voting bots do the rest and reap the rewards. You go ahead and try to fix that by changing the reward system, 20/80 will just make the few good authors that have stayed here leave ASAP. I am still here because frankly I get a kick out of writing bad posts and making a few cents off of that.
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Even if there are 200 authors earning $20 naturally due to circle jerks, I think you're missing the forest for the trees. The current rewards pool sits at $365,000. 200x20 = 4,000. Even if that's 7 days a week, you'e looking at $28,000. Where do you think the rest is going?
Where do you get that the reward pool is $365,000.00? Last time I heard it was around 70,000 Steem a day better said about $28,000.00, and those $20.00 guys don't just post once a day.
Any Discord server that has @banjo in it can pull up the current reward pool. I don't remember the exact formula off the top of my head, but it's accurate. If you want to check it just use the $rewardpool command. To be clear though, I get that there are circle jerks, but I've also been around since people used to circle jerk a handful of authors into the trending page ever day for months on end, while a few people may still be doing it, it's far from the bulk of our problems.
I found this post by @penguinpablo, it is old but I guess the formulas are still OK.
https://steemit.com/steem/@penguinpablo/til-how-much-steem-is-added-to-the-reward-pool-per-day
And in that article I read this:
So each time a new block has been produced, 1.668 STEEM is added to the reward pool.
Every 3 seconds: 1.668 STEEM
Every minute: 33.354 STEEM
Every hour: 2,001.237 STEEM
Every day: 48,029.695 STEEM
But it varies every day, since the post is two years old I have no idea if the reward pool has increased or decreased. But if the amount is this, circle jerking does take a good percentage of the reward pool, and add the bidbots and very little is left for the rest of us.
You'll get no argument from me on that. The whole point is that there is almost nothing left to reward genuine interaction and we end up with the current situation that we find ourselves in.
Exactly, but the question is how does reducing the rewards for authors help out the platform? There won't be a parade of people voting for everyone who posts a good article because now they get more curation rewards, the guys with the bigger votes will continue with their circle jerk. It is like the trickle down economy, that first you have to get the rich richer so then the excess money will trickle down to everyone, it just isn't going to happen.
Well it isn't happening now either. For whatever reason, be it greed, circle jerks, vote selling (some would say that's all greed), the current system isn't working. Why not take a chance on getting some of the whales that would vote more frequently using their stake productively instead of keep fighting over the crumbs that we're currently getting? Doing the same thing and expecting different results is literally insanity.