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RE: Proposing Steem Equality 0.19.0 as the Next Fork
I'm with you. I definitely would want to know all the ramifiactions before making such a large change. A more linear rewards curve sounds good, especially to those of us who aren't big yet. However, I'm wondering if it wouldn't come with unintended consequences. I would love to see the current rewards structure fully explained, and then compared item by item with the proposed new rewards structure.
Currently, voting shares compound on whatever gets voted on. The voting shares on a post or comment are squared with themselves so that the effect is greater than the sum of the individual votes. This has a rationale that is explained in the (now somewhat outdated) white paper. To propose purely linear rewards without stopping to address the reasoning is an oversight.
That would be an oversight. OK, so how much my vote adds to a post is basically the amount it would add (whatever that is) squared. But if I'm remembering my math correctly, the square of an entire sum of numbers isn't the same as the sum of each individual number squared, so I guess there isn't going to be one consistent amount that a given user upvote will add to any post, is there?
With the current reward curve, correct. Your vote could have a $0.01 impact if you vote first on a new post, but if that post reaches $100, the same vote would have a >1 cent impact.
With a linear system, whatever your vote adds to a post won't be static, because there is still the whole reward pool to be distributed according to votes. But it will be much closer to static.
Static is good for tracking purposes, but I see how it could be problematic for other aspects. I hope that all these factors are being looked at closely before making any major changes in the rewards structure. Thanks for the clarification.