you can already implement your proposal by refusing payment and ask people to tip you. Good luck with that.
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you can already implement your proposal by refusing payment and ask people to tip you. Good luck with that.
If you look at this issue from the point of a Steem Power holder who is willing to abuse the system, the current system is a dangerous one.
It requires investing your money in it to abuse it. By the time, you make a few cycles of abuse, you might end up with a crashed Steem price.
If you look at this issue from the point of a moral investor, I wouldn't invest in this system knowing that 6.1% of my investment will partially be blown away to low quality content.
If moral investors don't invest and if all you have is abusive investors, that system is bound to crash soon.
If the Steem price crashes, then the payments received by the authors and curators won't be worth much.
So, it's a losing game for everyone, except for the few abusers who have already made enough money to cover their initial investment and now turning their profits in the system, for a last few cycles before the whole thing collapses.
And of course you know that me refusing payments and asking for tips is not going to change anything. So, I'm not going to elaborate on that.
Even if it crashes, you don't get paid in steem but in steem power, or in steem power and SBD. SBD is pegged to 1$ worth of steem, everything else is speculative, thats why we see those high payouts for posts.
steemit was meant to have high utilization and not as an speculative object for investors, see what Dan Larimer says:
It's better to get paid in steem than being paid steem power, because you can immediately sell your steem. It takes three months to sell your Steem Power completely.
If the price of Steem crashes, the price of Steem Power and SBD crashes as well.
SBD stands for Steem Backed Dollars. The peg will only work as long as the underlying Steem, Steem Power have any value.
If Steem, Steem Power crashes, Steemit founders won't be able to print USD to pay the SBD holders. Nor will anyone else accept SBD as money.
If Steem prices go down, the author and curator rewards will go down as well.
The amount of my Steem Power didn't change, but back in the day one upvote of mine with 85%+ voting power used to be worth $0.02, but now it's worth $0.01, due to the value of Steem decreasing.
At the end of the day, if something has high utilization, speculating investors will flock to it. If you can't find investors or other means of financing your business, then your business will have a problem.