RE: A case for eliminating curation rewards

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A case for eliminating curation rewards

in steem •  8 years ago 

I intentionally used "make profit" to make it easier, but actually it's compensate loss from inflation. SP holders who don't curate are losing about 8% annually, but if they curate, it will decrease to around 4~6%.
Meanwhile, STEEM holders are losing 9.5% a year, since they don't get 15% of inflation reward. Merely removing curation reward keeps the difference (15%) same, but if we change curation reward to inflation reward, the difference will become around 33%.

Details can differ, but I think the core idea is the same, as I mentioned in my last sentence. Voting is not free lunch.

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SP holders who don't curate are losing about 8% annually, but if they curate, it will decrease to around 4~6%.

financially speaking, the 3% difference is just too small to justified the time and effort invested.

IMO, the psychological satisfaction sometimes weight much more to a curator than any financial rewards.

and I'm agree with @snowflake in his point that, the increase in platform-quality and thus the value of SP could eventually benefits SP-holders more.

IMO, the psychological satisfaction sometimes weight much more to a curator than any financial rewards.

I agree. I am just playing devil's advocate. You can find that I already suggested this argument last month and got a huge backlash.

financially speaking, the 3% difference is just too small to justified the time and effort invested.

But there's no significant efforts and time if one is using bots.

But there's no significant efforts and time if one is using bots.

Exactly.... that's the main reason why curation reward should be removed.

curator who don't use bot will probably get much less than 1%, so the curation reward is actually penalizing those who perform good curation manually.

I agree with most of your comment but I don't think this conclusion is certain:

the increase in platform-quality .