Can the HF 21 Proposed Economic changes bring about better, more honest curation?

Asked by runicar Promote - View in Hive.blog - Audit

It is not a secret that Steem's economy is broken at the moment. Countless users partake in nepotism, favoritism, circle jerkism and many other shameful and outright malicious strategies in order to increase their earnings on here, and it's taking a toll on the entire platform. In fact, this short-term profit-maximizing mentality many indulge in is cutting short the long-term potential and success of the Steem blockchain.

There is no denying that.

source

With this in mind, Stinc proposed some economic changes which are geared towards shifting the paradigm from abusing to genuinely curating what is in your opinion the most high-quality content.

This will be achieved through:

  • increasing curation rewards from 25% to 50% (yes, yes and yes! If we want more people to honestly curate then curation rewards should be as high as possible to disincentivize vote-selling and delegating to bidbots)

  • changing linear curve to convergent linear (terrible idea imo because a lot of minnows will be hurt because of this)

  • creating a separate downvote pool -> basically gifting each user a couple of free downvotes per day (I hope this dreadful idea doesn't come to life because I have a feeling it's going to cause a shitstorm of unmeasurable proportions)

Read more in the official post by @steemitblog

While the proposed changes may prove to be steps in the right direction, I don't think they can completely fix the fundamental issues Steem faces on a daily basis. It might temporarily alleviate some of them, imo it will not be able fix them.

But that doesn't matter. What matters though is what our collective intelligence will conclude.

So let us know what you think.

runi reveal.gif

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No! Users will adapt to the changes and find new ways to keep abusing. (92.31%) 12 / 13
92.31% Complete (success)
Yes! Curation will improve. (7.69%) 1 / 13
7.69% Complete (success)

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