Maybe we still need some time in order to obtain the “real” consequences regarding the implementation of the new economical rules at the steem blockchain but I am sure we can get some facts already regarding the famous new Rewarding Curve.
For the ones that still don’t understand how it supposedly works I would say them that, essentially, any post not upvoted massively by a whale or a cluster of orcas , and so, not reaching the 20 STEEM it is going to suffer a huge reduction on its gains, usually between -25% and -50% but most likely closer to the second threshold.
At the current price of STEEM, 20 Steem threshold means around 3.5 USD or $ or whatever the STU equivalent number.
The current setup of this algorithm is clearly benefiting the Big stakers, because, who has 3.5 USD of voting power? do your own calculations but @dalz did wrote a good post about it here and just by using Steemnow from @penguinpablo you can see that you would need at least 290K SP to reach it (or the sum of the compounded upvoters of the post).
The funny thing is that, due to the STEEM price, it is now the best moment to accumulate as much as possible and build your SP, not only by buying but also by getting the most from your posts, in terms of STEEM…and who is getting more now? The already big accounts that in some cases were already big when STEEMIT did wrote its one and only post, more than 3 years ago…and they keep selling…
The theory is that, if this curve acts as a motivator trigger for investors, willing to get a good APR by curating content, then the price of the STEEM token should rise…in theory, of course…
Because what is lacking here is a HUGE work on the marketing side. Investors will not come if we keep being invisible for them, and price will not stop falling till sellers as STEEMIT INC an others big whales will stop selling like there is no tomorrow.
Now that I have finished my rant here, and coming back to the “rewarding Curve” algo, a question for witnesses and Steem Blockchain developers:
We have downvotes to penalize bad content, this is good for everybody in my opinion so you can somehow express your disagreement and also provide an economical impact on bad behaviors…
Are you planning to smooth somehow the rewarding curve?
Would you consider to set the GAIN/LOSS threshold at a lower but more “human” and community supportive level?
20 STEEM is sometimes unreachable even if you are a good content creator because you have to be discovered by those big accounts, with not so many time for curating work… I hope, eventually, they will also change their approach, dedicating more time reading content and less time selling votes but till then, what about smoothing the curve to, let’s say 10 STEEM…?
We have to find the middle point of the two extremities here, nor “zero” neither 20 STEEM threshold.
Virtue is at the middle!!!!
@toofasteddie
(Pic Source: John Atherton / Sign: Halfway)
