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RE: Proposed Changes to Steem Economy

in #steem8 years ago (edited)

One thing that could encourage writers to stay here would be the ability to receive rewards after the 30 days period. I already wrote about that and got a ton of interesting feedback. The way I see it implemented is:

  • whoever wants their posts to be be able to receive rewards after 30 days, will agree to pay a hosting fee for each post - it's just natural to pay for your posts to be hosted, as long as you want to be the owner of them, not the merchandise that is sold to advertisers, as on Facebook, Twitter, etc
  • the hosting fee is 50% burned (sent to null), 50% allocated to the daily reward pool (hosting should be paid per post and per day and it should be just 0.00x Steem). That part is then redirected back to the writers, by the power of voting, via SP.
  • Steemit should allow traffic measuring for each writer (implementing a tracking code per person, at the blockchain level, so we can measure everything we write, like on our own blog). That will allow writers to choose which posts they want to "live" and which they don't. Some of them, like short bits, aren't relevant for the long tail, but some of them are.

A few pros:

  • increasing long-term affinity for the platform, by incentivizing writers to stay for the long game
  • decreasing inflation by burning 50% of the hosting Steem
  • gradually increasing the reward pool by redirecting more Steem into the platform

If some of you, guys, better at math then me, could create some sort of simulation and give me some cons, I would be grateful.