This is a great post and I agree with many things you said.
However, there is one fundamental thing you need to understand. Our brains as humans is too small to understand how economies work. We cannot compute all the cause effect relationships that will come from higher curation rewards. I am sure that this will be an improvement, but in reality we have to try out to know for sure.
What Ned has been proposing (and what you don't seem to get) is the following: Let us stop wasting time on tweeking the game theory of steem. It will never be perfect. There will always be problems. You will never choose the right rules for the system, no matter how much you think.
Let us instead create SMTs, there will be thousands of coins competing against each other. Each of them will have different rules, some will have delegating allowed, some will have it banned, etc...
This is the key idea: The optimal coins from a game theory perspective are the ones that will survive.
If a coin has bad rules, like steem right now, then people will stop using it and move to another SMT, maybe created by yourself, which has better rules. If something better comes up later, then with enough time it will overtake your coin. This will go on forever, with improvements always made, and users always slowly navigating towards the best SMT.
Don’t be a condescending twat. I get what Ned proposes - I just think his proposals are shit and that they’ll never be delivered anyway.
Adjusting curation rewards is an easy fix and has a lot of support from actual investors...you know, the people who actually purchase STEEM and give it the monetary value so that other users can “get paid” for their shitposts.
SMTs are a pipe dream and a relic of the 2016-2017 ICO craze. They’ll create vastly more network and potential legal problems than any perceived issues that they’ll solve...if ever even delivered. Are you aware of STINC’s track record? Are you actually a new user, or a sock puppet? If you’re the former, then I would suggest reading some of the actual history of Steem and its “development.”
I am a new user, joined in about june of 2017, left after a few days, and came back in 2018. I didn't mean to be condescending, just really thought you didn't get this.
I agree that stinc's track record is shit but isn't this our only hope? I would love if you could show me where to find more on the history of steem's development. With Jesta gone I don't know how anything will be developped without stinc.