However, not all of those discussions are optimistic. Quite a few are pessimistic. Mostly by content creators who feel the reward-cut is unfair. Some might even feel as if they're 2nd citizens on Steem and that the TOP witnesses are trying to take from the little guys.
They feel entitled. I think they don't realize that they essentially are being tipped by other people. (People buy SP, thus have the right to distribute some amount of newly created tokens, and elect to give it away -- rather than self vote or delegate or sell the votes.)
If the ratio is too unfavorable for hodling and curating, no one would do it, and there would be no rewards. Maybe 50/50 isn't even good enough.. maybe 5/95 would actually be better for creators long-term.
It would mean more people hodl and upvote (and upvote at fuller amounts).
But many people, I think, look at STEEM as like "magic blockchain thing, post blog make money". They don't think about the incentives and where the money comes from.
As one of those "entitled" content creators, I'm going to respectfully disagree. I don't feel entitled. I feel like I work hard, spending hours conceiving, writing, and editing my little stories and making my bad artwork---for about 20 cents worth of crypto per day. I worry that my 20 cents will now become 10 cents per day, after HF21, or that my posts, which might only be going to pay out 2 cents or 3 cents (not much, but it adds up over the months) will now be worth 1 or 1.5 cents and not pay out at all (which doesn't add up over the months.)
Why don't I just invest in Steem and become a curator myself? Because I work a crappy, minimum wage delivery job that barely pays enough to buy fuel and groceries and keep the lights on. I've been a writer for 40 years, blogging regularly since 2003, and I was thrilled when I finally found a site that let me build up a little bit of economic value doing what I love. My DREAM is to someday be able to support myself with my writing, and here, I thought, was a venue where I might actually be able to do that! And, I've managed to stack over 500 SP in about seven months, just from my writing and art---but with rewards cut in half, that exact slog goes from seven months to 14 months (or more, considering some low payout posts will now become NO payout posts) with the same exact content and effort applied.
I don't FEEL entitled, I just worry that my climb to financial freedom (supporting myself with my creative work and quitting the minimum wage gig) just doubled or tripled in duration. I don't use bid-bots or self voting (which seem dishonest to me), and I DO upvote and comment on other folks posts, but I would simply prefer---and be more proud of the fact---that most of the income I made on this platform came from my own creative efforts and not from just upvoting what somebody else made.
Entitled... (I admit it. I was offended by that word. Hopefully, I have expressed why I disagree with that sentiment in a way that doesn't offend in return.)
Posted using Partiko Android