Yes the old curation system works quite great and it's the strongest selling point of SP, IMHO. After changing to the new curation, these are a lot of people complaining and totally stop upvoting. You could find a lot of posts about that problem.
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Definitely true.
I hate to admit this is probably right...
We may lose some authors over it. But we won't lose the good ones.
Minimal IMO. I really doubt the 1/3 reduction would be make-or-break for more than tiny number of cases, if any.