RE: The truth and lies about 25% curation, why what you know is FAKE NEWS.
I think there needs to be an adjustment to the curation / author split in order to attract investors who would buy STEEM, power it up and hold it, and earn that way (thru curation). If steemit was also advertised as a platform that pays good dividends to "investors" it might attract some curators willing to invest instead of people who are given the idea that they can just write a crap post and earn a bunch of money (that's how you attract spammers and scammers and people who post crap that clogs the "new" feed).
Maybe I'm missing something but I think in order for STEEM to appreciate in value significantly curators need to get bigger rewards. Otherwise the author / curator balance will remain tilted and authors will keep cashing out continuously and keep driving the price down.
I'm not suggesting a huge change, maybe make it 67/33 or 60/40 or something. IDK. Just one guy's opinion.
Check @blocktrade's recent post for his view, along your lines I think.
I’ll definitely be interested to see what @blocktrades has to say on the matter. They see the stats of how much steem is bought vs sold. Thanks for the reference
no worries :)
Why would you need that when I read that over 70% of STEEM is held in SP?
If that is the case, a large percentage of the existing STEEM falls under your category.
Increasing the proportion for curation might cause an issue because of the possibility that the rich are going to monopolize it.
There is definitely that aspect of it. But it could attract more investors (the rich) who could drive up the price of steem which would benefit everyone holding STEEM, even the minnows (bigger payouts, etc). I can understand where you're coming from though. The rich already kind of own the system right now anyway and it seems like no matter what is done they'll find a way to stay on top. That's just the way it works...iMO
the golden rule: He who owns the gold rules
whatever we do, the rich will never give up their power over us. There's more of us but they have the upper hand, they pay us to kill, steal, slave for them and that's what they call community.
A new system is needed where the rich slave for the poor :) If you're rich it should be that you're curating/writing etc and actually bringing in something here. But as it is, the poor produce everything and the rich just reap the rewards.
There are some poor reaping some rewards. Carrots? to draw the other poor in.
Steemit is just a small version of reality. Hopefully we'll all learn from one another and help each other as much as we can.
You painted a clear picture. No matter what we do, no matter our efforts input, the rich always find a way to stay on top the poor
That is the ugly part of reality
Marxism. It was wrong then and it's wrong now.
Yeah right, there's always this difference between rich and the poor :)