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RE: Update on Simplicity: Cutting Complexity with Steem 0.17.0
Instead of the 7 day timer they could just change the
24h+30days >>>>> 24h+7days
Seems like the best option to me. And for long-term revenue to authors, then can simply add a tipping function/option to posts. It would make tipping more intuitive, at the very least.
@busy.org has a pull request of that.
EXACTLY THIS ^^^^
The best option to me, is to pay every 7 days or so.
Well, they're not going to do perpetual payouts, so that's not really in the cards. And one seven day period is too long, considering nobody votes after the first few hours most of the time anyway. A 48 or 72-hour period should be the max for the initial payout. Seven days is just too long and arbitrarily so. What's the point of seven day payouts, anyway?
In the real world (where bloggers aren't mining steem) most people post a blog weekly. Probably because they don't expect all their readers in one day, their readers come different days of the week.
7 days gives gives curators more time to catch up on the content they like without "missing out" on the opportunity to add their vote (which is useless in the 30 day period)
Won't it also create a one-time, seven-day pause in reward payments? I wonder if we will see any reaction in Steem price. Not important, but maybe interesting.
Scalability problem because with posts remaining active forever the consensus dataset grows quickly?
Fair concern.