RE: Curation Author Rewards Changed?
VERY good post. Need more posts like this and more attention to them.
I still prefer the 75% for writers as curating is just a click and writing good articles takes not only skill but hours to complete.
I can see how increasing curating can bring in investors as they can simply use their SP to just vote and make money but I dont see that as the value of the long term community, I see it in quality writers. So I stick with the 75%
As for long term royalties I TOTALLY agree and have been pushing that since week one of being on the platform. I feel this is CRITICAL to long term success.
There is no way any successful person is going to invest hours into an article or story to only make money on the first votes in 24 hour period.
There needs to be WAY more incentive to UPvote quality posts no matter how old and a payment plan for it.
I have been following you as I see you are quite smart, glad to read this post. Keep up the good work.
Best Regards~*~
Long term royalties in Steemit blockchain are not possible currently. Around 1 million steem are miners daily and distributed among all the post published in a day (24 hours) or so. In one year you will have to distribute the same quantity of steem among 365 times more post, so each new post will be receiving a lot less rewards as time passes. It tends asymptotically to zero rewards payment very fast...
If you keep the rewards of authors high in comparison with curators, IMHO the only possibility for steem is to decrease in value trending to zero. It is just the equivalent to long term royalties.
Do you prefer 75% rewards of 50 votes, or only 10% rewards of 1000 votes?