RE: Curation On Steem - Let's Talk About It
Agree with 50/50, especially if paired along with two other measures highlighted here to cover some other angles. Profit maximization should be expected out of anyone, hence it's best aligned with the behavior that we want to encourage, ie curation or content-reflectiveness.
Quoting off someone else who sees the same thing:-
Steem Power holders should realize that we need to have a redistribution of wealth paid by inflation going from the rich to the talented, thereby attracting and exposing better and better content over time.
Personally I like to post tweetlike stuff but not necessarily keep voting on them to keep up (or selling out to achieve the same effect). I'd rather try to lobby and support stuff that I like (edit for clarification: even if its just a tweet, not necessarily long form essays) while achieving returns that are as competitive (at least not as terrible as a 4x gap) through my own curation or through some specialized/generalized curation service.
Steem is slowly moving away from single content creators to communities. More Actfit's and Steem Monsters on the chain is where we are headed. Less solo authors. It is already a tough sell to tell business owners that they have to pay 25% Steem tax when other block chains like Tron charge much, much less.
If anything we should lower curation rewards to 15% to attract more business'es. Steem benefits way more with several business'es running on chain and working to draw in new customers than a few leech authors. I have never seen authors spend tons of money advertising steem .... Business will.
Could you explain why you think businesses will benefit from lower curation rewards? And what 25% tax are you talking about?
Curation rewards are a form of a tax and thereby are a limiting factor to business operations. Take Actfit for example. They are running an ICO on Steem-Engine. They are using their steem account voting power as an incentive to add value to their ICO. That value is effectively taxed by the curation rewards built into steem. So their 35% discount is actually only 10% because in order to get the value you have to pay the 25% curation tax.
If they did the same operations on Tron the actually benefit to their customers would be a lot higher. Not many business'es who can do basic math will choose Steem over other choices due to this.
I still fail to see how the 25% curation is a tax? That 25% goes right back into the upvotes pocket? If you are saying it is a tax vs who they upvote (still no understanding how you consider it a tax) then they could simply reimburse the 25% they earn from curation rewards back to the person that got "taxed". And if they curate well, they can make better money off the 25% then they otherwise could.
A tax is something that is taken from both parties and given to a third party, like a government. When doing a deal, if the 25% goes back to one of the two people in the deal, then they can work out an arrangement for that 25%, therefore it wouldnt be considered a tax. Maybe I am missing the barn door with your comment but thats what I understand.
And you can't compare Steem to tron. Steem is a app specific blockchain built around PoB concept. Tron is a general purpose blockchain where you can build anything like it's ETH. Steem was built for a set of task and cut out all the outside noise (IE Steem isnt trying to be a world computer or decentralized could storage for vids etc) - where as Tron is trying to be a world computer and is not limited persay. Just apples and oranges when talking token distribution model.
I guess we agree to disagree on this then. Not that it matters much.
It matters a little, because I'm reading the thread. Do you mean something other than curation rewards when you say "tax"? If you mean curation rewards, can you go into more detail about why you consider it a tax?
There will be no apps if people only try to game the system. User are the backbone.
Agree that profit maximization is main reason many are here. Also your other point was very important: “You get the behavior you encourage” there are no secrets in life only denial.
Agree
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When you first brought up your proposal, I think 50/50 reward change had larger support while other parts had some resistance. 50/50 makes complete sense to me. At the very least it should be tried by itself.
Much more, it would bring more investors to #steem. Curators would then find joy spending as much time as content creators because they will have a good ROI on their investment.
@ned, are you reading this? Listen to the userbase