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

in #steem6 years ago

I completely disagree with this proposed, 50/50 rewards split!

In fact, I would want to go in the other direction. Those who create content deserve the vast bulk of the reward. I would put the split at 80/20 or even 90/10 towards creators.

I sometimes spend hours creating content. Researching, writing, proofreading, image creation, video editing, et al. A curator is a much more passive participant. They MIGHT spend only a few minutes reading said content and that somehow entitles them to 50% of the rewards?! No! Absolutely not. I cannot agree to this. I dedicate a lot of time to enhancing the network with good and thoughtful content and this new split proposal makes me viscerally angry.

This is outrageously unfair and this is guaranteed to act as a disincentive towards creation! Creators do the content heavy lifting! Curators are important, but their participation is not worth half the reward for the work I put in. This would effectively tax my efforts and when you tax something you destroy it.

If you want to decrease self-voting, then punish self-voting. If you want to get investors, create better and easier to use software. Go and innovate. If you want to decrease bid-bots, then come up with a solution that does that, but DO NOT think that just because someone reads our work, comments and re-steems entitles them to half our reward. It will not make the network better, it will make the network worse.

It will make it worse be making the rewards inherently unfair. Curators have not earned the privilege of that much reward. This is not a share and share alike platform or world. I've earned my place on the network. I've invested a lot of time and actual capital into it and if you take 25% of my rewards away to fix problems that aren't even the big I will be inclined to stop creating.

The top earner is @crypto.piotr according to https://steempeak.com/steem/@steem-data/steem-statistics-16-06-2019

Why do people merely commenting on this thread - that he created - think they deserve half the rewards? I don't think I do. I mean, could you imagine a world where authors who write real world novels were forced to share 50% of their earnings with readers? How unbelievably stupid and greedy.

The biggest problem the network has is not the rewards system.

It is... EASE OF USE! Self-voting only accounts for 6.4% of total votes according to the same source cited above https://steempeak.com/steem/@steem-data/steem-statistics-16-06-2019

EVERY. SINGLE. PERSON... I've gotten to sign up became frustrated because of confusion and an inappropriate amount of Steem Power for interactions on the network. They don't like that they can't vote a lot during their first day or two. It frustrates their efforts to explore the network and they GIVE UP. Facebook and the other horrible networks got one thing right. EASE OF USE! They're so easy a literal moron could use them.

If you gift newbies more, initial SP, they will be able to participate more.

Passive interactions with the Steem Network need to be made more effortless for Curators, not more profitable! Good grief.

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I'm glad I'm not the only one feeling very passionately emphatic about this change. I like your idea of going 80/20, but again, I'd need to see stats and proof that it would benefit. More SP is necessary for curators, that's for sure. "more effortless not more profitable!" YAS! I am so opposed to this and I feel like the Elites of Steemit decided this on their own without consulting creators, only consulting curators. It makes me feel so poopooed as a creator. We are not going to be compensated with double the upvotes or anything like that, we are going to lose so much of what we can earn on Steemit for the quality content we create. And them deciding on their own this change, makes me feel this is a centralised dictatorship where the whales dictate everything and care not for the smaller fish in the sea.

Good grief indeed. How did they decide this without taking us into consideration? Oh wait, they didn't!

Dear @distantsignal

They MIGHT spend only a few minutes reading said content and that somehow entitles them to 50% of the rewards?! No! Absolutely not. I cannot agree to this.

You nailed it! :/

If you want to decrease self-voting, then punish self-voting.

Actually self-voting could be switched off by Steemit Inc.

ps.
Thank you for accepting my invitation.

I realized just now that I never actually thanked you for your amazing comment. I appreciate your time :)

Have a great monday.
Piotr

Thank you for inviting - and alerting me - to this development. The community and witnesses need a much better structure for debating these huge changes. I am not satisfied that the witnesses are doing enough due diligence and community outreach in a clear manner. Feel free to message me again about these sorts of discussions.

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