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RE: Make Steemit Great Again: Fork This Place!

in #steemit8 years ago (edited)

As someone in favor of the comment reward pool I would appreciate a source of this claim:

Well, it's not really a "claim." It's more like a rhetorical jab. I've been known to make those without warning.

Does it make it a 38% cut of curation rewards though?

Based on the wording of the proposal, the 38% comment pool will come from the allocated rewards for current posting and curating. This leaves us with the 75/25 split between posting and curating which is drawn from the remaining 62% of the pool. So, the rewards would be:

46.5% for blog posts
38% for comments
15.5% for curation

The 15.5% is a 38% reduction from the current 25% of curation rewards. But keep in mind these two points:

  1. There will be no curation rewards for comments.
  2. The current curation payout is actually ~12%, not 25%, due to the reverse auction.

So, curation rewards will likely be reduced even more than the 38%. That will likely give curators much less than 7.5% of the total rewards pool. This is a very troubling figure for those who invest into STEEM Power. Without a need for holding STEEM in the form of SP for rewards, there's no reason to purchase and hold STEEM. This will likely negatively affect STEEM prices.