Content producers need to know that the tax is on them. The SPS is funded by a tax on content producers. This might be fine because the content being produced isn't high quality anymore but then it also risks reducing active users on the site to even lower numbers. Retention is important. Curation is passive rather than active and while I can agree with 50/50, I don't see why SPS should be necessary.

How about create a profit and use that to fund pet projects via SPS? I know SMTs need to be funded, and communities, but I predict this along with the reward curve change could actually reduce the motivation of content producers.

If the price of Steem actually were going in the other direction perhaps I could be more optimistic but these changes don't reflect the downward price movement (EIP). As a result, I don't think it's enough by itself. I think something more needs to be done although I'm not exactly sure what.

Anyone have suggestions?