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RE: A Reward System Proposal That Will Make Everybody Stay in the Platform and Will Invite More Signups

in #steemit8 years ago

While this idea may seem like a more fair solution at face value, it is currently completely infeasible for the steem blockchain to pay out a consistent amount based on reputation, as the rewards are sourced from the reward pool of mined currency in the form of steem, which is allocated by stake weighted voting. It will heavily reduce the value of steem to distribute fixed rewards for posting, and remove the incentive to produce quality content. People would simply make a large number of small posts, instead of investing time into detailed content. It would be difficult to stop people from simply posting one sentence several times a day, as they could easily escape flags in the crowd. For this idea to be feasible, it would need to be refined as such -
1 - Hard fork the steem blockchain to change the reward pool code by allocating a percentage (e.g. 10%) of the reward pool steem to a "daily bonus" pool.
2 - Every 24 Hours, each account above 30 reputation that has made at least one post in that time receives a share in the daily bonus pool proportional to their (reputation-30) squared.
This way, people are still given a minimum reward for posting, while not placing extreme inflationary pressure on the supply of SBD, and encouraging the widespread spamming of posts for repeated rewards. This has to be rate limited, and cannot possibly be paid on a per post basis. This would also not be a very significant amount of SBD per user, and would be unlikely to exceed 0.50 SBD per active user.

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My proposal is an idea and regarding its implementation it has to be design by the geniuses of the community. You mentioned that people might just post many different post consisting of one paragraph and boom, there goes the reward. Simply NO, rules must be set, like for instance putting a minimum words per post like 1k words per article. This way author will submit a really good and high quality post.

I don't understand much about the economy of the steemit but I think this proposal will increase all steem (STEEM, STEEM POWER & SBD) because portion of every rewards will go to SP and STEEM.

Words per post have nothing to do with quality.

You don't seem to understand that the whole reason for curating and rewarding people is to filter posts for quality.

Your solution just pays people for posting - so you put some rules about minimum words - that means nothing. Somebody could use a bot to churn out posts that meet the criteria and get the payout.

If the system is able to pay out automatically then it is possible for a bot to be designed which can make posts that meet that criteria. @dahaz159 has pointed out why your system could never work.

Dan and Ned are not stupid they have thought long and hard about the current system.

The geniuses of the community have come up with the current system.

It is not perfect but nothing is.

The number of words was just to answer your comment about an author who automatically gain rewards even posting 1 sentence.

With regards to the quality of the content, that's another story. Rules must design properly to avoid abuse and the with the existing smart people in the community, I believe designing and implementing the rules is not a problem.

That's not really an answer. You are suggesting a change which ruins the way the old system works but your solution to the problems is "someone else will think of it". Maybe the others will think of a solution or maybe not.