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RE: Reward Curve Deep Dive
It doesn't have to change behavior to have benefit. If people still want to create a zillion little bot accounts and carry out hidden spam for the purpose of milking rewards, they can, but they will earn less and the rest of the community will earn more. That's still a win.
Well, limited benefit is a like a base hit when bases are loaded. What we'd all prefer would be a home run. It takes the same time to swing either way. Let's target more productive mechanisms and decrease the possibility of only getting a base hit.
I flag trash. You have received a flag.
Yes, that is the aim. The tricky question is how much less will they earn so that it does not significantly disrupt the system - or even lead it down towards an unwanted attractor.
The rest of the community earns a whopping 4¢ per day spread out to the whole community. It’s effectively a no-upside change. So why do it?
It's bad but where do you get that number? I think it's more like $1 a day or perhaps $2 a day, which is bad for people in developed countries but not as bad as you think for people in developing countries. You can make some posts on Steem and in theory do okay if you're in certain parts of the world.
That said, the problem is vote buying and selling, and the fact that quality content gets the same $1-2 as a low quality content. There is no incentive for content quality to improve over time.
Where does the number come from?
Also, I didn't say that I believed it won't change behavior (in fact I believe it will). My comment was explaining that there is still a benefit even if (however unlikely) behavior doesn't change.