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RE: Hard Fork 21: A Case For the 50/50 Curation Reward Model

in #steem6 years ago

Dear @cranium

Thank you for sharing your humble opinion with us.

My humble opinion - 50/50 will help attract investors

In my humble opinion it will mostly benefit current so called "whales".

Proposed system can only work if so called Whales would actually start delegating their Steem Power to quality curators. That would indeed allow those curators to be rewarded for their work and benefit entire platoform.

I'm simply afraid, that this will not happen. That at the end most whales will continue auto-upvoting publications of very few people, with their powerful votes and without putting any effort they will start earning x2 more than they did so far.

It surely would encourage them to slow down with powering down, which in effect would most likely bring up the price of STEEM. But that is the only positive outcome. And what would happen year from now, when those "whales" would start dumping this easily earned STEEM?

I wonder if you would agree with me on this one.

Yours
Piotr

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Your concerns are absolutely justified. It can be a very long time to guess, but none of us can predict the future. In this news there are both positive and negative sides. Time will put everything in its place.
But, the very fact of hardfork, against the background of the cosmic development speed of Steem –engine, should have a positive impact.

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