RE: Should We Raise Curation Rewards From 25/75 To 50/50?
Voted for
- No
I think it's important to first release SMTs and Communities to see how those developments impact things. Those are major improvements that represent paradigm changing additions to the Steem ecosystem and it is important to observe how they change this complex system.
Those features might not just solve the problem, may fundamentally shift the entire dynamics of the system such that the nature of the problem totally transforms, as does the optimal solution. Even if people still feel that curation is not optimized at that time, there is a very good chance that the solution they envision will be totally different once SMTs are out in the wild (or even just advanced Steem-Engine tokens). There is a non-negligible possibility that once SMTs are mature, people will want to remove curation rewards from the base layer entirely and raise that functionality to higher layers where they can be better customized and more rapidly adjusted.
I can see it making sense to remove curation rewards once SMT's become the backbone of how rewards are distributed. Steem, IMO, is not a rewards currency (right now it serves that purpose, but SMT scales much better) - however, it is a distribution currency. DPOS being a vote based system requires great distribution to succeed in the long term.
While removing curation rewards down the road, makes sense from an investor POV, not forcing me to curate in order to get my rightful claim to the inflation, I wonder if we do remove curation would we remove the upvote from the base layer altogether and just direct that to passive interest earned for powering up steem?
And what immediately comes to mind by removing curation is the need for a decentralized resource leasing market, because people need steem to transact on the blockchain, businesses will need to allocate resource credits to new users who don't have access to Steem. - I envision most Steem will be locked up, not being circulated (esp if we remove curation, distribution will decrease dramatically) but rather used to power apps. It may be hard to find steem, or at least the price to entry may be too high for someone just looking to join a steem powered site and not care about paying for the rights to vote on witnesses, ETC.
I do not see eliminating curation rewards as synonymous with eliminating curation itself. Is that what you meant?
Would you please have a look at my comment to @kevinwong above? I'd love to have your consideration of it to contemplate, and I also reckon it's better to see how SMTs, Oracles, and Communities change the dynamic.
Thanks!
But nobody knows when SMTs come. Or you have some Information about?