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RE: Steemit.com updates - Savings accounts, New payout options, New registration process and more [release 0.0.20161011 PR 460]
Thanks for bringing these changes to our attention! I'm happy to see the web site continues to evolve at a decent pace, and these are all great changes. The phone verification is particularly important to stop account sign-up spam. The decline payout option seems like a mere band-aid though; can't imagine many whales voluntarily making use of this, but I guess we'll see. It might make more sense to have a "if you have more than X Steem Power, then your posting rewards will be diminished by Y percent" rule. That way, posting rewards will go down past a certain point encouraging whales to focus more on curation.
Thanks for the comment, I agree on the first 2 points but I feel that rule change would encourage more sockpuppet accounts instead..
I've had some thoughts to encourage both curation and the use of the 100% SP option but it really needs a full post to explain how it would work, its on the to-do list :)
Wouldn't sock puppet accounts be avoided by the fact that Steem Power is not transferable? A whale looking to divide his holdings into multiple accounts would first have to power down into liquid Steem. New whales I suppose could set up multiple accounts from the start if they have really deep pockets (presumably they could buy plenty of burner phones to get around the phone number validation as well).
Looking forward to seeing your more in-depth thoughts on how to encourage curation, etc.
The main purpose for this is so that when @dantheman, @ned, etc. create posts that are official Steemit communication, that they don't take from the reward pool when the post gets a lot of votes. Some witnesses may use it to if they feel that their efforts are getting sufficiently rewarded through witnesses pay, and don't need to double dip and also get paid through their post.
It is possible that some altruistic whales might choose to do it too, but I agree tthat this probably won't happen very often.
Yeah, that makes sense. I guess the whole "with great power comes great responsibility" thing comes into play here. Let's hope the Powers That Be use it wisely!