You are viewing a single comment's thread from:

RE: Are we ready to drop author rewards by 20% for the new Steem Proposal System?

in #witness5 years ago

Thank you for putting this forward. It is quite the conundrum and I'm glad you raise some concern for those who are content providers. I fully agree that it's not a good time to be looking at cutting those rewards.
I'm guessing that these workers are the development types, programmers and such like?

I fully get that what blocktrades is doing is to advance steem and thank him for that. I also realise that if the only way to fund it is through cutting author rewards, then it needs to be done. However, as a none programmer who has no chance of trying to earn any of those payments I can also see that this would likely leave content makers feeling betrayed again. There are already a lot of complaints going around over auther rewards and the lack of ability to get good content seen. If there are others sources that can be accessed for the funding, then surely this should be looked into, even if it only lightens the load for what needs to come from author rewards so that the percentage is a bit less noticeable.

I don't think it should come from witnesses. That weekly payout is actually much lower than I expected and knowing what associated costs and responsibility goes with it, I don't believe it should be reduced. I also agree that curator rewards shouldn't be reduced. Without incentive you'll lose a lot of curators then authors will be losing rewards and Steem will be losing authors. That sweet spot is a tough balancing act.

Posted using Partiko Android

Sort:  

Thanks for replying.

Yes, the worker system is mainly for development work but I don’t see why it can’t be applied for other jobs such as funding marketing campaign for example.

The idea is that on the long run the system will bring more value to the platform by building more useful features by opening the development of the platform to a wider development community. This should help everyone including content creators. But again, it’s about timing.

You are right, finding the sweet spot will be a challenging task.

Posted using Partiko iOS

Coin Marketplace

STEEM 0.30
TRX 0.12
JST 0.033
BTC 64449.70
ETH 3164.37
USDT 1.00
SBD 3.87