If eliminating curation rewards is being done for other reasons then it should be a separate proposal. It is certainly not necessary for the concept of buying out a large portion of the voting power.
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If eliminating curation rewards is being done for other reasons then it should be a separate proposal. It is certainly not necessary for the concept of buying out a large portion of the voting power.
[nesting]
@snowflake
There is one reward pool from dilution and the allocations in it are more or less arbitrary and have been changed multiple times. If there is a good reason to buy out voting power then a portion of that rewards pool can be allocated for that purpose. It doesn't have to be specifically the curation rewards.
And curation rewards, frankly, have been cut so much that even if they were redirected I'm not sure that would be sufficient incentive to serve as an effective buyout. But again there is no reason to fixate on one particular slice of the pool.
@jesta is actually proposing that in a separate reply to the post. I am not opposed to the idea of just eliminating curation rewards.
As far as buying out the voting power, I could be wrong but I don't think that we could provide a large enough incentive without the extra money from the elimination of curation rewards.
If curation rewards are not eliminated how are moderators going to be rewarded?
@snowflake
Why do moderators need to be rewarded? Downvoting bad content is a natural behavior, users will do it regardless of the incentive. Right?
[more nesting]
@snowflake
Curators will also be rewarded most likely in the new community system, where they could receive a portion of the author's posting rewards for that post existing in their community.
@ats-david
The idea is to "buy out" the largest stakeholders from voting at all (or at least, doing so, with the bulk of their SP) except downvoting (i.e. making whales moderators) so the influence of smaller stakeholders grows (under some sets of assumptions it could grow by a very large amount)