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RE: Reward Curve Deep Dive

in #steem6 years ago

Curation rewards doesn't encourage people to power down or to extract rewards from the pool, quite the opposite, it's why people power up so they can earn more.

By limiting curation rewards to a multiple of the median, most profiteering would be eliminated, as the potential returns would be insubstantial for profiteers seeking large returns on large sums.

And then what would be the most acceptable way to earn would be by self voting. You discourage curation and encourage self voting and other such self aggrandizing behaviors.

Curation rewards don't create incentive to choose high quality content, but instead are simply gamed by substantial stakeholders to maximize rewards. This is not curation at all, but merely additional extraction of operational resources, and only of import to folks with substantial stake.

facepalm lots of vaccous nonsense that says "rewarding curation makes it not curation".

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