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RE: Not how I see it...

in #steem5 years ago (edited)

It's a complicated issue. I know that many people here on Steem were surprised by the proposed 20% reduction in author rewards. I think if a 10% reduction had been proposed there would still be a lot of arguing, but probably a lot less heated. I can see this issue from both angles, on one hand reducing author rewards (but increasing post values) and preventing further inflation should lead to Steem being worth a lot more which is the goal. But on the other hand if author rewards in Steem are a lot lower it could lead a lot of regular posters here to move on because now they will know they have little chance of moving up in the ranks or having more influence on Steem. It may also lead to certain authors having complete visibility on the platform and other authors posts will possibly become much less visible. Basically some of the witnesses if they do not have great intentions will have twice as much power to abuse the system and possibly still a lot of support. I like having a say in this matter through voting, but there shouldn't be such a division in the matter in my opinion--we all want a more secure Steem which also incentivizes witness to keep their nodes running and we also want to reduce inflation over time while providing a good experience for anyone currently here or joining Steemit/Partiko, etc. for the first time. It's also kinda crazy that sunsetting Steemit was talked about a few months ago, which is starting to look a lot less likely. Steemit or other platforms are still a great place to have a community of users for any new business/Dapp.

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Yes, these concerns are quite valid, maybe the answer is to add some inflation to the existing one, and start from that point.... I'm also not saying that we can't test out the donation system, if it doesn't work, and it very well might not, move towards something that relies less on humanity, as weird as that may sound.

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