So, every author will be receiving now almost half the rewards he was earning before (and even those rewards were, for many of us, very little). But if he succeeds getting into the trending page... he will receive not half but only five percent less of what he would receive before for the same support.
Think about BTC halving, then you'll see that this approach, though seems quite bad for authors at the moment, should have positive impacts on the price of Steem. By cutting the Steem inflation rate by nearly half, as you've brilliantly stated, we should expect compensations in the months ahead.
Cheers!
Well, I hope it will happen like that, but there's no certainty about that outcome, there are only hopes.
However, even in that case, this system will remain designed to overlook the contribution of authors with little SP and few connections.
Authors' contributions must have value for themselves, and that's exactly what curation was about: to find and reward those gems. Now this system is telling that it is not enough to create valuable content.