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RE: .

in #utopian-io7 years ago

This is fantastic analysis, @crokkon. I agree with @abh12345; I'd hoped for more of an improvement for curators relative to authors, but that's no reflection on the rigour of your work.
The elephant in the room is the SBD price. Until that's back down around a dollar, we're comparing apples and oranges.

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I think that this is the key point regarding curation vs vote selling.

Wouldn't it be simplest just to switch curation payouts to the same currency as post payout? i.e. 50/50 SP/SBD in most cases. Then we have apples and apples.

Waiting for the SBD price to change its behaviour may not happen - and there are also benefits of a SBD price above $1 for many people.

Without comprehending the reasoning behind the SBD pump, it's really hard to know how to approach it.
It's also incredibly difficult explaining the architecture of the place to noobs, when they can't understand why we'd have two currencies which are worth roughly the same.
Simplicity is it's own reward.

It will come in handy to say thanks for giving

What's wrong with more than $1 sbd price?

SBD's were designed to be a hedge, pegged to the USD; so if you had some gains on steem and wanted to lock them in, you could buy SBDs instead of having to cash out via an exchange or bank account.
You'd know that even if the price dropped, you'd still own that amount of US dollars worth of steem.
All of the mechanisms the team built to keep the price around a dollar were designed to push it up if its value crept down below a dollar.
Since they're designed to sit at 1 dollar, it didn't occur to anyone that somebody might buy them for $5 (who would do that?) and nobody built in a mechanism to pull the price back down if it went higher.
It's all very strange :)

Pesky free markets meeting planners plans.
They just never do as they are told!
😂

( I know nothing of this, ...just my 2 cents. lol)

Plan your plans and scheme your schemes.
They're flat ash under the wheel of progress.

Yeah, but socialism will work next time..........honest...
😂

The higher the SBD price, the higher the likelihood of self-voting for a 'cash' payout, over curation as an 'invested' payout.