But even if its intent is to cull comment spam farming, it utterly destroys rewards for organic interaction between small accounts. When people make good, legitimate comments on my posts I like to hit them with a 25% vote and reply. That gives them about .03 which is just above the dust threshold which already penalizes small accounts. Likewise most accounts posts see very small rewards of a few cents on their posts, but they are legitimate, organic, and quality content. To cripple all these actions and shunt that value more toward whale votes & bid bot voted content is a negative. We’d effectively be creating a system where the majority of accounts are more likely to see decreased or even zero rewards, as they never see a large payout on an individual post.
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I think we need to see actual numbers and a specific curve before we can judge this. There will be some cases where small interactions are inhibited but there are already some cases where small accounts can't by themselves generate a reward large enough to actually pay out. These are all tradeoffs.
One thing to consider is that if massive reward-mining operations are curtailed even somewhat, there will be a lot more Steem left in the reward pool and the sorts of small interactions you describe may therefore generate larger rewards, despite being somewhat inhibited by a curve. There are two parts of any reward calculation, one being the curve and the other being the total size of the reward pool and what else is pulling from it.