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RE: Update on Simplicity: Cutting Complexity with Steem 0.17.0
Does a separate reward pool for comments make things more simple or is there another reason to have one? I guess I still wasn't sold on exactly why we need one...
it's needed for steemit inc. to put comments on other web sites, like what discuss does, this is a great marketing tool for the steem blockchain
I was wondering if that was the purpose but have never directly heard as much... Here's to hoping that is the case! Thanks for the response.
I think the comment reward pool will create an insanely awesome new dynamic to Steem. At first I was very skeptic but now I'm really excited to see what will come out of it.
I have also joined the pro-comment-reward-pool camp. I think it will probably increase engagement a lot. Now new users will be able to actually make some STEEM just from commenting, so there won't be pressure on all the new users to become professional bloggers.
Less people blogging and more people commenting sounds pretty good to me.
Plus, it's a lot harder to game comment curation convincingly because the content of the comment becomes verification that the post has actually been read. For instance, I can vote on a blog post without reading it and no one will ever know but if I vote on a comment that has nothing to do with the blog, then it's obvious that I haven't read them both.
I'm also excited to see how it plays out!
Websites owners are only going to integrate steem if it benefits their existing userbase. Unfortunately most websites's cutomers will never spend 10k usd to be able to reward a couple cent to other comments.
If steemit inc was looking for this type of integration they would have flatten the reward curve or just removed entirely. I am yet to hear a valid reason to keep it and self voting is not it.
I'm looking forward to the 38% reduction in rewards for blog posts, and new users earning lots of steem from comments
I think it's not good that this comment is competing with posts in which authors shares a part of their book. Why one should comment with this huge handicap? Therefore I agree with the separation. I want that my comment compete with other comments.
Good point!
The comment pool makes discussion and comment rewards more simple to achieve. It is proposed to lower the barrier to entry for a new user's a-ha(!) moment and to stir discussion.
Wouldn't the simpler solution be to adjust rewards curves and treat all posts (parent and child) the same? In any case, the fact that another pool is being created doesn't "cut complexity." It increases it.
Like I said above I was really skeptical of the comment reward pool at first but now I'm really excited about it. The discussion will become so much more intense and valuable as soon as it is implemented.
The first person to upvote a comment on the new fork will see his upvote worth more than a thousand but more to the point I really think this will be a major benefit to Steem.
How do you know this? Are you sure it won't simply lead to more spam and abuse that's less visible than parent posts...which most people don't even read now?
You're bringing up great points. I think the upside will make up for the downside.
A-ha(!) ;)
Think smaller SP holders need to be able to add value by curation comments of other smaller SP Holders possibly. Why not show rewards in STEEM instead of $? Then $0.22 would be 2.528 STEEM and 0.001 STEEM curation reward from a smaller user would be possible by a 100X smaller SP holder. Then that smaller holder would see their reward worth 0.001+ STEEM as opposed to $0.00 and feel like they are actually adding value that they could see.
Agreed
I think this is another great point, why not remove the dollar amount and reflect the steem allocated thus far to the post/comment?
Yes, I'll explain more in a post soon.