RE: The Flawed Philosophy Behind Steemit Curation + Solution!
This is a really good idea for altering reward distribution. Specifically, the lower your SP, the higher your proportion of SD reward, and the bigger the reward for the curators who vote early, is how I would think it would function best. Speed up that initial part of the process of bringing new votes in. And yes, lower the curation rewards relative to the SP of the creator, relative to the voter. This encourages greater churn of who whales vote for, which encourages the new creators coming in.
Since the minnows get smaller rewards initially anyway, more liquidity helps them continue their work. Those who are established, boost their profile faster, and their ability to curate as well, and big curators will be incentivised to search for new writers, and it will also have the effect of defeating whalebot votes voting by user instead of making the effort to search for new users.
I agree with the second paragraph, but I'm not sure about changing the SD reward proportion, as this may have additional consequences to the operation of the system. Rewarding fast curation actually discourages reading and creates incentives for even more bots, so that's not really a good idea, I think.
Thank you for the upvote, I really apreciate it!
to the minnows, 5 bux is huge. To not be able to spend as much, but if they get such a reward, they need to be encouraged. Then they can decide to power up, or if they are broke, they can pay some of their bills. Starving artists is not just a cliche. The new writers can cash out, but if they do that, they reduce their ability to get bigger rewards. You do know already that SP affects reward size? So that's already accounted for. It would not be the leak out that letting exploitative whales win big rewards on curation and then powering down is.
I understand your point, but imagine 99% of users (minnows) getting 5 dollars away from Steemit - this will decrease Steem value even further. I think having whales and minnows voting on good content, instead only on established authors, would increase the chances of everyone, with reasonable writing skills, to get noticed and rewarded - this way only good authors can pay their bills :D
ok, but you see my point. you might be nobody, with a good idea, join up. you need to pay your bills first or there is no more posts. make the curve very sharp then.
Of course, I see your point. It's always in our interest to get money back for our work. But if minnows get the option to cash out immediately after they get rewarded, someone may decide that the more accounts he has posting content from, the higher the chance of getting noticed and receiving cash from a whale.
It's better to give more power to trusted accounts - maybe that's another use for the reputation meter - the higher your reputation, the more SD versus SP you can receive?
Regardless of SD to SP ratio, my idea would give everyone a much better chance to get noticed and receive money for their work, right?