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RE: Elimination of Curation Rewards

in #curation8 years ago

One thing this debate has revealed to me... is that lots of people seem to think the best way to increase the value of their account... is by behaving in ways that earn them more STEEM rather than by behaving in ways that raise the price of STEEM.

Some of this is tragedy of the commons. Most of it is simply that most people who participate in any endeavor are short sighted because most people period are short sighted.

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Yes or alternately (and I'd argue more correctly since there is no existing resource that is being overgrazed and therefore spoiled; instead this an attempt to build something) a public goods problem. That is addressed by setting things up so that incentives are at least somewhat aligned between short-run individual interests and longer-run social interests. In this case it is very questionable whether the existing system comes even close to that.

setting things up so that incentives are at least somewhat aligned between short-run individual interests and longer-run social interests

Word up !