The white paper says curation rewards are 3.875% same as for author rewards. I heard the white paper needs to be rewritten because some major changes have occurred hence.
I didn't know that curation rewards are that high. I haven't really thought about how making them high would impact my thought process. But off the top of my head, it seems to me the same issues that apply to author rewards and the potential for pacts forming also applies to curation rewards. How do you see it mitigating the vulnerabilities I presented?
It seems to me curation rewards make it worse, because the minions have an extra incentive to vote with the whales.
Curation rewards are a maximum of 1/3 of the size of content rewards, but reduced from that maximum by votes in the first 30 minutes. The white paper has a lot of details like that wrong.
Is the full 7.75% (or the 10% yearly money supply created) allocated for author rewards and then up to 1/3 taken from that? That matters for my computation of the debasement rates. I am preparing to write Part 2 of my blog on that, so having the correct figures would be helpful.
2 STEEM per block are allocated to the reward fund. 75% of the reward fund is allocated for content and up to 25% for curation. There are floor percentages that kick in once the supply gets large enough and I think the numbers in the white paper for those are still correct.