Vlog 409: Improving the Economics of Steem - The positives, the negatives and the dangers.
Currently, Steem is not a content discovery/rewarding blockchain.
It's a builders blockchain.
The incentive is to grow your own account and make Steem grow as well by investing, building, working hard, basically doing what you can do to build a home and community here. Steempower is used to propel this effort.
That's what it has been for the last 2,5 years under linear.
The hope is that implementing new economic changes will improve the content discovery/rewarding aspect of Steem.
These are the proposed economic changes.
Increase curation rewards to 50%
Use a convergent linear rewards curve (n^2/Cn+1)
Use a separate downvote pool of roughly 25%
I have no doubt that these changes will improve content discovery, especially taken into account that it's currently nonexistent but I can't say by how much.
I have tried to make a video (it wasn't easy, took me about 35 tries) that explains as fairly as I could all the positives, the negatives and the dangers of changing the economics of Steem.
But ultimately the choice of implementing the changes will be with the top 20 witnesses.
I am part of witness @blockbrothers.
Please consider us for your witness vote if you think we deserve it here:
Vote for @blockbrothers via SteemConnect
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