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RE: OPEN LETTER TO STEEMIT INC., THE WITNESSES, AND THE WHALES
What about limiting the reward amount itself.
Maybe not a hard limit, but more something like a multiplier, a posting power, that decreases with post frequency and that needs to recharge (like the VP).
you post once, you get 100% of reward but your PP decreases by say 20%
the second post, posted just after the first one would get you only 80%. You would need 6 hours to recharge from 80% to 100%.
For the comments, no multiplier, but a hard limit that comes into effect after say 10000SP and becomes smaller logarythmically as your SP increases: i.e. minnows no limits, Whales limit.
That could maybe be a way to tamper the hijacking of the reward pool everybody moans about, without eating up too much posting feedom.
Whales with bot armies would dance around those limits.
I feel that seeking to impose limits is peering in the wrong direction to find a solution.
I reckon what we should be doing to seeking to incentivize what we want to encourage. Recruit stake by making it profitable to benefit the community, rather than trying to prevent them from doing harm by profiting.
IMHO, the solution to the problem the platform faces is finding a way to incentivize curating good content, but not just the top 1% of posts. We need to acknowledge that we are all on a spectrum of quality, and there is far more value in a community of posters of all levels of skill than there is in one in which only the very cream of the crop receives any reward at all, and everyone else is just a consumer of their content.
So, let's turn your idea in that direction. How about each separate account you upvote increases the curation reward you get by 1%? This encourages single, rather than multiple accounts for curators, and also broader penetration of curation in the community of creators.
Still no idea on how to incentivize curating quality posts, other than our native interests as people.
I hope framing the quest for a solution in this way might help those wiser than I to do so come up with carrots, rather than sticks.
Thanks!
That's a neat idea worth some whiteboard time to see if it works out mathemagically. Humph, had not thought of this one. Good thought.
That's silmilar to how it used to work but the decline only started after 4 posts. It would still be easily avoided with the use of extra accounts.