RE: As a top steem witness, will you support a hardfork implementing the “Economic Improvement Proposal” or “EIP.”
That's the idea behind 50% curation, but I don't think it would necessarily be a guaranteed outcome. Let's say an artist is blogging regularly and getting consistent support from regular curators. The audience is stable. If the author reward gets slashed from 75% to 50% it would demotivate the author more than guarantee a bigger audience or curators.
It's also a psychological factor: others getting more rewards for the work of the author! It doesn't make sense.
Another thing is the platform is growing, so curators are faced with more content to discover than to curate the current user base. To curators, it wouldn't really matter who/what they vote for, they would still get 50%. So when the user base increases, the support to that particular artist will be diluted. Therefore the artist will be on the losing side in the long run while curators reap more profits.
I personally don't care about my curation rewards, my joy comes from the work of people I support. I think curators greed may be driving that push for 50% which I find very steep. Perhaps 30% curation would be a good start to try that idea instead of doing a full blown cut on author rewards.
I didn't see you consider a situation where the platform is declining?
Imo, as an active daily Steem user, we need to fix content discovery at all costs. If we don't and competitor comes up that actually does reward content based on quality, this place probably will be forgotten so fast, it'll be like snapping fingers. We don't have a lot of time. And let's be real, look at our adoption rates, something is clearly wrong and keeping the same set of rules, in my mind, for that reason alone isn't a reason. After all, this place is paying for authors, yet they're joining in small numbers and most even leave after a while. So it's mind boggling to me how some want to keep the current system.
I've been Steemian for over 2 years but I'm powering down and selling in case this EIP is not implemented, as that's a clear sign that the users are actually happy with the current situation, and I cannot say the same, at all. Someone will get it right eventually, and I'm supporting the ones willing to try and I've heard there's one coming soon with major backing.
Edit: Oh, I can see you're powering down as well. It seems to be common these days, cheers.
You are probably right with the idea that a small increase would be good to see if it was having the desired effect. Maybe a 50% jump would be too big at this point especially with autovotes in play. But, I would be happy to share more of my post rewards with people that were interacting on my posts organically. I do think that we have to find a way to encourage more curation and reading of posts on the platform.
Agreed
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This and this:
I saw that as the driving factor from day 1. Im a smaller account then you and i vote stuff i find enjoyable, i never calculate before i vote, i care little if my VP goes down..
My behavior will not change and i dont think the behavior of those that are using the platform "as intended" will either.