My Crazy Idea for Curation Rewards on Steemit

in #busy6 years ago (edited)

Here is an off the cuff, random, wingnut daily idea. I have been following with great interest @kevinwong 's posts lately, he is really getting at the heart of the matter of the economics of steemit. He is not a witness here on steemit, but I encourage you to read to read his posts, they are very to the point and he lets you know exactly where he stands.

In one of his posts I started thinking, if I were king/queen of steemit for a day what would I want to happen? I think the focus here should be to "Bring the fans to the venue, put butts in the buckets," in other words make our cool, very well kept secret sanctuary less of a secret by making the masses able to participate as they wish. That poses problems though, right away as we all know. Not all of us can sing or dance, write, play an instrument, or be a very attractive and interesting woman on here (no matter how hard I try I have to accept that, lol--being 6'2'' 290 lbs looking like a lumberjack makes that difficult), or whatever floats the masses boats at any given tide.

So the point is I think post rewards should go as the following: 33% to the poster, no more no less. Now, if they wish to get in on the curation of their own post, they are more than welcome, but they would have two phases of curation and they would only be able to take a massive chunk out of one them if they are "A big deal." We have two ends of curation, the first, being the front run curation, starting after one hour of posting. You may vote on any post but the vote doesn't go into affect until 24 hours after creation, and the order of votes are parlayed into a pool, and in the order they are received, they are automatically placed one minute apart from each other, having the curation maximum for the front run being 2.5 days after the cooling period, or when the post is exactly 3.5 days old. Then the second, or back end curation period starts, which is 3.5 days + 1 second after the initial post is made. This also continues with a voting sequence that spreads each vote out one minute from the next, unless there is a gap in voting, then it waits until the next vote is cast, exactly the same as the first curation half, or the front run period. Now, this will create two sweet spots in curation maximums, with the ideal time being the mid point in time for the front run, of 2,520 minutes into the post (2 day, 18 hour point) and the top spot on the back run would be at the 4.75 days (4 days, 16 hours). Have an ascending curation reward up to those points, and descending after these times. The community will be giving the bid bots also two sweet spots for buyers to use their bots, and they can have their limitations as well, there is also a far more random activity pattern, as an author that usually blows the doors off of it, could have their post pre-voted by 400-500 people out of the gate, but they are all in the front run half of the curation (1/3 of the payout). There is also the first sweet spot of using the bid bots on the post, should the poster wish. Assuming there is more voters than minutes in the first half of curation, which is quite a few (5,040) to be exact, the next votes will be carried over into the second half of the curation, or if there is an overflow later in the post, that will be the result. This will make curation harder, but much more rewarding. Vice versa for the back run, then all voting will be ceased after 6 days and the post will payout within 24 hours. But cryptkeeper17, what happens to the other 1%, I suppose you want that don't you? Nope. No one gets it. Burn it. 1% of the payout each time is burnt, sent off to @null, creating an economy of inflation avoidance by eliminating 1% of all production making the SBD, or whatever portion of the currency is paid out to those that are the "Verbs," or actual workers providing humanity behind the automation will have a crypto that ideally will avoid hyper- inflation like fiat has become, as this of course is an alternative to that.

Long story short... FANS WANTED, CONTENT CREATORS APPRECIATED, CURATORS REWARDED.

What are your thoughts?

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I think the little details don't matter much, Steem's econs just need to shift into distributive behaviour by incentivising that very activity.. by the way I'm not a witness lol

Yes, thanks for the heads up, I will take care of that detail. Well, I voted for you to be one, lol. It must be the Mandela Effect hitting me here on steemit, I will make the correction, I could have sworn that was true and I heard it on here a few times. Yes there are a million ways to set it up, I enjoy speculating with the idle semi-worthless talk. Running steemit is joining that list of "what can you do better than everyone else:" like run a hotel, run a baseball team, build a fire, and now build an economic model that is crypto based and a social network. Thanks a ton for the comment and the heads up on the error on my part!

You got a 47.06% upvote from @whalecreator courtesy of @cryptkeeper17! Delegate your Steem Power to earn 100% payouts.

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I agree that Steem economics should change but I would like that there is 50/50 share for all, posts and curations. 33% is not fair for me...

Of course, I see what you are saying. But there are also one of two halves of curation that you can hit on your own post that could also rise your payout on your posts. Also the payout would be greatly sent out in SPs versus SBDs if the same model, meaning there would be far less sbds floating around, people that are creating and finding worthwhile things to vote and get rewarded for doing so would grow quickly as well. Pie in the sky thinking on my part I know, sometimes it's fun to throw these random thoughts out there. Thanks for the well thought out comment sir!

Even if you got bit more for selfvote doesn't change much. Curation would ris a lot if we have 50/50 split. Now with 25% share,people are just too selfish to give 75% to somebody. 50/50 would be really fair but that is only my opinion :-)

Haha I am actually so selfish, I do not vote my own post because it curates very little, and I try to use my votes purely for curation and voting worthwhile posts. When the price of Steem falls the curation rates get even higher, so we do already kind of have a nice little buffer built in for the people that want to rise their status through efficiency, so that is good also.

I think 50:50 would be a nice happy medium but would love to see the devs at least trialling something like this, feels like not a lot has changed in a long time.

Agree. All we can do is make suggestions, discuss and hope that somebody powerful enough to change something will hear that and do something.

You got a 29.56% upvote from @whalecreator courtesy of @cryptkeeper17! Delegate your Steem Power to earn 100% payouts.

I'm glad that ppl are talking about Steemit economics more and more, it's definitely something that needs to be changed and i hope the community can pressure the devs to do something

Thanks for the comment. Yes, it is important to talk about it, always in my opinion, so that the rock solid principles are more widely known and the gray areas can be explored and all areas are always under scrutiny. That is the virtue of being decentralized, you don't have to shut up because a heavy hand comes down on you that 'owns' all thought and opinion on the platform.

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I think you're right, there needs to be a change in distribution. I don't know if 33% is the right answer, but I think it's a good place to start the conversation.

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well It could work. Only one way to find out. I think if authors got less it might take care of some of the spammy shit posters but then it would create more spammy shit commentors perhapse

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You got a 2.34% upvote from @upme thanks to @cryptkeeper17! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).

The force is with you! You got a 57.69% upvote from @steemyoda courtesy of @cryptkeeper17!

I have read your article.
It is very interesting.
Thanks for sharing us.
Have a good day @cryptkeeper17

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