As far as I know, only author rewards are linear now. Curation rewards are not linear, they are square_root, which I think was left to incentivize finding content that others will like. Also, I think you misunderstood how old super-linear reward curve worked: it wasn't advantageous to vote on what a whale had already voted on, because earlier curators got more of the rewards. The advantage in curation was if you could "guess" what people would vote on BEFORE they voted on them. I think that's still true today.
But I think it's a mistake to get caught up in what the blockchain rules say, because people generally don't really know exactly what the rules say, and it probably has limited influence over how they vote. The pattern of voting for what other people have voted for is basic human nature and you're not likely to see that go away.
Honestly, I think way too much time has been spent tinkering with the rules for curation already. There's plenty of other issues that should (and are) consuming programmer time right now.
If we did want to spend time on author/curation reward rules changes, I would suggest fixing the imbalance between curation and author rewards. Most steemit users curate far more than they write posts, but most of the rewards go to authors and relatively little to curation. I suspect a large part of this problem is caused by the "first 30 minutes rule" that breaks the normal author/curation reward curve. I'd like to see that rule changed to about 1-2 minutes versus the current 30 minutes. There may have been some argument for 30 minutes when there were less posts, but nowadays it's just a crazy rule, IMO.
I’d like to see this too. I’m not 100% set in 1-2 minuets, but 30 is definitely way to much. 5 would be the highest I think would be necessary.
Yes, my initial thought was 5 minutes, but after thinking about it more and the number of posts that come in now, I started thinking 1-2 minutes was sufficient.
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The point I argue is the the motivations, not the rules. Regarding curation the reward should be a compensation for their time rather than a purpose by itself. If we have an alternative reward for the people seeking financial benefit only, will they still curate? If caught abusers cannot get any rewards in the future, will they boldly commit? Impunity and mixed incentives would be important problem to solve.
I think putting some pressure on investors to do some amount of curation and posting isn't a bad thing, from the point of view of keeping the investor "active" in his investment. Whale-level investors have options for opting out somewhat by hiring curators or delegating their steem, so but I note that most whales occasionally make use of their voting power. As an investor in many different coins, I can safely say that steem forces you to keep engaged and aware of what's going on, and I think is good for steem's "investment attractiveness".
I took your post to mean you would like to see a blockchain-based reputation system as a means of curbing some voting abuses. Theoretically, I think this is a fine idea, but it's one of those things where I think coming up with an algorithm that works well is a major undertaking (it's really a long research project, IMO).
Based on your comments above, I guess you're looking for a system that would allow the community to more effectively curb rewards from "bad actors" once they've been identified. This can be done I suspect without too much difficulty, but it will definitely increase the power of "whale-level" investors over the platform (or at least make it more easy for them to "ban" someone they don't like from getting any rewards). This may or may not be a good thing, it remains to be seen I guess.
Thanks for good thoughts. Regardless of differences, I believe we all seek success of Steem. Perspectives on investors and rewards are diverse and debatable, so I want to leave it open at this moment. On-consensus reputation system also needs long and rigorous research. But I think crowdsourced verification oracle can be a feasible option. Anyways, thanks for sharing your opinions :)
Yes, I don't mean to say your idea is bad. It may be a good idea, I just point out some potential issues. If we can come up with some simple, easy to implement version of it to try, I wouldn't be opposed to trying it in some hardfork, as long as we are ready to revert the change if it has unintended consequences.
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I agree wth you @blocktrades. Leave curation the way it is or change the 30 minute to 1-2 minutes, and focus on making the website fast and make it easier for people to register etc. How do you like the new layout/interface?
I agree with most of your view point @blocktrades however for now most steemians main concern in addition to the points raised here by @clayop is the issue that has plagued steemit for days now (please see my latest post for details) : lost of posts, comments and not being able to vote. Thanks for your wonderful service here and happy weekend to all of you.
Yes, I think that's the main issue on everyone's mind now, that's what I meant by other issues taking precedence over improvement to curation/author rewards right now.. There is a lot of work going on now to improve the situation, so I hope it will be resolved soon.
You are welcome @blocktrades am glad that both of us are on the same page...am also glad that we can always use your services to take advantage of market movements (I always use @blocktrades ) via our wallets hence the uniqueness of steemit. If you read my posts you will see that I promote steem ecosystem especially its uniqueness to many investors especially new ones and at times like this, patience is needed and not whinning or panicking. Hope we stay in touch and happy weekend to you and your team.