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RE: Fixing Curation: Community Discussion
Ok, so I found this post from last year that explains the "lates (at the time)" changes and how it makes it that content creators receive more from the post's reward: https://steemit.com/steem/@steemitblog/latest-curation-reward-solution
If I make $1 to $5 on some posts, and right now I get 75% of the estimated rewards, if we switch it to 35% for creators, creators will not be as motivated to create quality content. It will be a huge hit for small creators.
That change + hardfork 19 made it to where it's more profitable to sell votes and dump the liquid rewards (which also destroys the price of STEEM) and it's not a debate about whether or not people deserve to be paid for content. The simple fact is that what we are doing right now is unsustainable and you can see the price of STEEM tanking as a result. Sure it will pump again for Smart Media Tokens and I'll be dumping the rest of my STEEM then unless they address the fact that I have virtually no need to actually have STEEM. I do not vote for myself at all, check my posts, I am in the target demographic you described most of the time with my post payouts and sometimes I spike to 10-15 dollars and I'm still saying the same thing. If I was making .40 cents a post I would be saying the same thing as well. When people aren't voting and they're all competing for virtually nothing using bid bots it's all some illusion that anyone is making money other than the handful of people that got in early and mined a lot of STEEM.
Perhaps the solution is to increase the amount of upvotes from 5 to I don't know, for people to upvote more content, if the upvoting is the problem. The way I see it is that changing the post rewards vs curation rewards percentage will not get rid of bots. Unless there is a clear cut rule about it, they will continue to exist and profit and since there is no rule against it, they are in their rights, which I recognise. I don't think it will incentivise people to upvote content more. It moght make some people upvote content which they would not want to be upvoting, they will begrudgingly upvote. I think the big fish will still have an advantage over the little fish. I think the little fish will lose out even more, because it will not make more people upvote our content. I also think from what I see and know that the people who can't afford to spend too much time on steemit but post excellent content when they do will lose out even more. If a percentage HAS to change, I think 35% to creators is too drastic and unfair. Content creators still deserve to have the majority of a post's reward pool, they took the time to post content which they created, be in on their website, video channel, or specially for steemit. I believe the problem is with bots allowing people who post poor content to bid for votes. I personally would like to see a rule where bots MUST check the content they are to vote on, and if they deem it unworthy, then they send the bidders money back, or something. I don't know what the solution is, but I recognise that bots contribute to it and people who spam links that aren't even their own or copy pate content are also the problem. I don't think changing percentages for rewards will change any of that. We need to find a solution for the root cause of the problem, not the surface symptoms of the problem.