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RE: Steemit, inc. employees reap 27.46% of curation reward pool rewards on 2/10!! WHAT?!?!

in #steemit8 years ago (edited)

If you're going to propose getting rid of curation rewards, you might as well eliminate SP as well. There's no other use for it, hence all of the powering down.

Also, good luck getting Dan on board with something he didn't dream up himself. Rewards and "power" aren't the problem with Steem/Steemit. It's the ridiculously complicated mess, lack of marketing, slow feature releases, etc. etc. etc. that are preventing adoption.

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What if SP earned interest, and curation rewards gone? ..and not like the crazy inflation rate, but a decent rate of return. 10%? 15%? Maybe a sliding scale on amount of SP held.

Regardless if voting influence of SP caps or doesn't cap, as in the recent talks, one can then earn decent interest for being invested in Steemit via Steem Power, and have influence on rewards.

I find myself voting on newer articles because I know will do well, just for the rewards..., same reason I use steemvoteer on a few authors. I know not ideal, but if they are crap or something I hate, I wouldn't. Because of this I would like to see the voting power used up quicker at a higher "power". Such as double my power on half the voting... then one can truly influence and vote for things they actually like. It seems we are allowed to use way to many upvotes, and if we wanted more, that is what the sliding % scale is for.

Maybe the Steem formula doesn't allow for this, I am just thinking out-loud. I am not on any side of the issues, most are over my head, just optimistic the best changes (or none) are implemented.

I'm honestly not that concerned regardless of what is done at this point as I know it will be changed 3 months later...

What if SP earned interest, and curation rewards gone? ..and not like the crazy inflation rate, but a decent rate of return. 10%? 15%? Maybe a sliding scale on amount of SP held.

There isnt enough in curation rewards to do that. If you found some way to exclude the steemit account (and im skeptical that theres a way to do that) you'd be able to offer around 2% apr.

2%? That is all. This is surprising because of talks about ending curation and giving it to whales/moderators. That isn't enough. Thanks for the info!

There's no other use for it

At that point, all that would be left is influence.

influence.

on what? the only rational reason someone would have to pay real money for that influence is to monetize it by self-upvoting.

Not true. Will be writing a post on it soon.

If the post is "so i can use my awesome curation skills to make steemit better and cause the value of my purchased sp to increase" im going to make fun of you. just sayin

If the post is "so i can use my awesome curation skills to make steemit better and cause the value of my purchased sp to increase" im going to make fun of you. just sayin

lol, well not going to lie - that is a large part of it. prepare to make fun ;)