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RE: Details on Proposed Comment Reward Curve
We propose to role out the new curve for the comments only because comments do not have curation rewards in the next release.
I am opposed to this. Among other problems it will result in less honest (or at least not aggressively abusive) vote power being deployed into the comment pool and therefore facilitate abuse.
I think it is better to address the issue of revising curation rewards as needed, not have a separate comment pool at all, and just use the new curve (or one like it) for all content, with all content earning curation rewards.
Why treat posts as different from comments when comments can contain just as much information as posts, will engage users in a natural way by starting/continuing the conversation and exploring other discussions, and if we remove the incentives for commenting or experimenting with comments doesn't that affect a greater majority than posts themselves as there are more comments than posts?
I agree. I suggested above:
Yes I was agreeing in my own convoluted way, sorry for the confusion.
Currently what stands out to me is the lack of reading, nobody sees posts so nobody reads comments, and older posts are locked to comment so themes and conversations get diluted. I would say we need a natural way to incentives comments not by another reward pool, but rather by making them available to the readers, so far people can read only the title of the post and some arbitrary information, what if a substantial update was made, yeah I'm thinking comment rewards are a good thing, a few people have been offering them but those are people making good payouts. Tough question. I have a idea I'm not sure it's a good one. It will certainly not fit the Kiss strategy :D
Some here I agree. Dont change it.
Maybe N SQUARED is a feature and not a bug... The free market is currently finding the value of what STEEM is worth in spite of the highly visible selfish mining syndrome which plagues all communities. If one of the biggest whales like Smooth says he hates this proposed change, then I'd wonder how bad he hates this change as a shareholder. In other words, If I was a whale like Smooth, and someone took my cheese away, I just might shrug and leave.
https://steemit.com/steem/@steemjesus/1-good-thing-about-steem-is-that-the-weak-arguements-fall-away-so-fast#@gtg/re-steemjesus-re-
I think you misunderstand. I'm very much in favor of a flatter reward curve, but it should be for all posts and not just comments, there should not be a fixed percentage allocated to comments (which could very well be either too high or too low, or even both at different times) and posts and comments should be treated equally with respect to curation rewards.
Curation of comments is nowhere near the same importance as curation of posts. Rather than seek more ways to generate more steem, why not start thinking about what makes steem more valuable to people as a whole. 38% isn't really a cut if you consider what good it could do for the price.
It is very unclear to me that any of this has much effect on the price but if it does then flattening the entire reward pool (including comments) with one system that is less complicated and confusing would likely be more positive.
Agreed but who is deciding the road on what happens @smooth - who are the ones with the POWER within the company that drive the steem ecosystem? Not speaking about the people on top of the company to the public world here. Any hint would be cool - sorry for asking but I work in PR
I agree with you but I won' cast my vote on such a high payout post :D I agree with your point, but I would flag for an oversized payout :D