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RE: Suggestion for Masternode-like Incentive System for Investors

in #steem7 years ago

Quite a fresh idea. Three things shoud be adressed out.

  1. Majority of whales or dolphins would be likely to choose staking as it is more profitable and super easy so that the authors will get less votes, less rewards as a result.

  2. 3 days are too short. considering the 13 weeks for the powering down, staking is too much advantageous over SP.

  3. The investers who choose the staking cannot take the advantege of influencing the steem community through the witness voting. Smaller encouragement of the long term staking. Is it intended?

Also I reckon balancing the profits between those two will be seriously difficult. So my alternative idea is introducing an official staking account. People who choose to stake can simply delegate their power to the account. The account generates profit, and pays back the stake as SP. As your idea is also based on SBD pegged to USD, this solution could work with much smaller side effects.

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I agree with this point as I stated in my comment above. Only for more valuable and right discussion, I would like to address a missing point.

  • Even if the majority of whales decide to stake instead of doing curation, reduce in rewards unlikely occur.

The whole reward amount is constant regardless of consumed voting power. Instead of absolute value in voting power, relative voting power would be used to determine the rewards of individual postings. I guess each voter would have more power and impact on postings if people prefer staking than curation.

Thanks. You are absolutely right. Thr reward pool wouldnt be stolen by abusing so that each author and curator will eventually get more! I missed that part.

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