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RE: Improving the Economics of Steem: A Community Proposal

in #steem6 years ago

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.