You will earn 33% less, but some believe that incentive will make a lot more people vote for your content which will make you more money than you currently earn today.
I asked my fellow co-owner of STEEM and fellow witness and stakeholder, @smooth to dumb down the salespitch for us, so here we go:
The Pitch
by: Smooth
Curation is broken. A too-large and increasing portion of the reward pool is going to self votes and paid votes that bear little to no relation to quality or value brought to Steem
As a dedicated quality contributor, this is hurting you.
By making a set of changes, including (but not limited to) changing from a 75/25 to a 50/50 allocation between posters and voters, we are attempting to shift the economic incentives away from this sort of self- and paid-voting and toward curating on the basis of a high quality, high value contributions as determined by a system better turned to measure stakeholder consensus (as opposed to unilaterally-decided self votes and/or paid votes)
As a dedicated quality contributor, this would likely benefit you.
Can we promise that the 33% decrease in gross rewards will be made up for by a combination of a) A larger share of rewards going to your quality contributions; and b) Growing the value of Steem thereby increasing the entire reward pool (including your share)? No! We can not guarantee this but we think it is a very plausible outcome.
We also believe that doing nothing and continuing the failure of its premiere feature (stakeholder/voter-allocated rewards used to promote growth) will likely result in Steem continuing to stagnate, and likely continuing to decline in value. Your rewards will decline with it.
End of Pitch
So, now that you have read the pitch as an opening page, what do you think, please write your pros/cons below.
Sincerely, in all friendliness.
@fyrstikken / @fyrst-witness
Stakeholder & Gatekeeper
NB: None of these eventual changes would happen until after HF21+ and SMTs. FYI.
This post is because of this post: https://steemit.com/witness-category/@cervantes/witness-consensus-status-to-fix-the-actual-steem-s-economic-flows-eng
I might upvote some of your comments for visibility, that does not mean that I agree or disagree with you, only to lift what I consider important comments from less important/trollish comments.