You have explained it more. I don't really support that 50/50 proposal to me and also we should be mindful and concern about the witnesses. The cost they spent to run. So I also will support the witness reward remains untouched

Everything above sounds good to me except for the 50/50 split in Author Rewards and Curation Rewards. I do agree that there should be more curation going on but then again if the Author Rewards are decreased this drastically then there might not be as much content to Curate.

After all a huge part of people here on Steemit wants to get some sort of earning out of this and if it gets reduced by 25% that would be a huge blunder, especially when there is a rumour of EOS launching their own Social Network.

I for one believe the 75/25 split I'm favor of Author Rewards is a perfectly balanced ratio. Plus now if we get the 15% Down vote pool we can somewhat counteract the One Liner/Picture Posts that has no context at all.

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Great take on HF21, I feel SPS will be vital in the success of Steem @thecryptodrive

I believe the witness percentage of the inflation should be reduced to fund the SPS for one simple reason. Witnesses, and their supporters will obviously have the most influence over the direction of funds within the SPS system. When Steem price has been high, Witnesses have justified the pay on the basis that they are funding other projects and developments or supporting the community with some of the Steem received that is in excess of their costs. These projects funds should now be requested and voted on through the SPS instead. It would also be trivial to build a SPS proposal that supplements witness pay during times of low Steem value, but there will be no way to claw back the inbuilt inflation to witnesses without a Hardfork battle. If Steem price rises, node costs fall, and the SPS is used as a witness piggy bank... I just know I won't be happy about it.

The big fear for me with convergent linear is the crippling of small interactions. Like everything on Steem, number of votes doesn't matter... just stake and vests. One whale vote achieves the "consensus" that it would take many smaller users to achieve. Meanwhile, if these smaller users don't band together en masse, their votes are totally lost. Small accounts lose virtually all of their voting power unless piling on to a "popular" post. This is the exact opposite of organic curation. I think you're correct in that we'll see a resurgence of voting trails and curation guilds, but I don't see that as a good thing. That's not organic curation or good content discovery. That's just a bunch of people communally choosing one post to vote on so they can all make money together without enjoying it or even viewing it.  The landscape will also look a lot more like it did under the superlinear curve. Many weren't here or don't remember, but I know that my feed was 90+% posts with zero payout and a few posts with big payouts. As I take a moment to scroll through my feed right now, every post has a payout... some are only 15 cents... but it's a payout. I also choose to spend some of my power voting on comments, usually dropping a 4 to 6 cent payout with my vote so it's above dust threshold and provides a payout. All of these micro transactions will cease under convergent linear. We are actually seeing a gradual broadening of the "middle class" and a greater diversification of stake. Convergent linear and 50/50 are going to slow this process enormously i fear.

I also see 50/50 as a negative against developing business models like Steemhunt and Oracle-D. These are businesses and initiatives that function on the premise of businesses and brands utilizing their stake to reward users for performing tasks, writing reviews, talking about their products, etc. Businesses are incentivized to acquire SP because their voting power is their marketing spend. It's already an amazing system because these brands can reward their followers and ambassadors without ever touching their original SP principal, that may in fact still grow over time with price appreciation, 25% curation rewards, etc. Under 50/50 the "marketing spend" of these projects is effectively reduced by a third. The same goes for all philanthropic curation projects that actually want to reward their vote recipients as much as possible and don't honestly care much about the curation rewards coming back.

I also foresee the large whale accounts whose voting behavior this is supposed to change being completely ambivalent. One large vote from a whale will automatically propel them to the point in the rewards curve that converges on linear, so they won't benefit nearly as much from votes following after their own. Plus, since they're voting with a ton of power, they need an equivalent amount of power coming in behind them to make the 50/50 pay off as much as just self voting themselves. This will only happen if whales collude to trade votes and pile on certain authors. No organic curation or content discovery. The only way these whales can see significant rewards under the new 50/50 convergent linear system is to break their votes up into many smaller votes... probably voting at 5% strength or less. I don't believe for one second that an account holder who currently is delegating to a bidbot, or autovoting their own spam posts and receiving completely passive rewards... is going to shift to evaluating hundreds of pieces of content daily, and delivering 200+ reasoned and authentic upvotes that assist in curation and content discovery. Traf's post wasn't heartening in this regard. A whale who is engaging in the unwanted self voting behavior, and is one of the main architects and proponents of this new EIP, could only say that he would "likely" change his behavior if it passed. 

> Now for the contentious part, the shift from 75% Author/ 25% Curator rewards to 50/50

I am not sure if I am happy with this... When will it start?? Then Smartsteem has to adopt :-/

*Followed* - Thanks for sharing your impressions and thoughts!

You don't seem very active as a witness on this blockchain. On which position are you right now?

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Just for clarify a doubt i have. When you say that Steemit Inc (private) is investing "his" money. We are talking about the premined steem? Or they bought more to increase that initial SP. Of course, premine it was necessary to start running the network, and also to "control" in some how the functionallity of the ecosystem. The social media system behind a chain requires premine and i understand this. 

But i dont know if its cool to call that as private invest. The "private" part its preety clear, but not the "invest" part. I dont want to be the negative guy, but for me is preety clear that they dont care much about content and they see this ecosystem more like a bank account than a content creator platform. 

Whales dont read, barely comment and of course they just post a puppy picture to get hundred dollars each. Then sit on his invest and cry demanding for more. Im not talking about all whales, there are _good whales out there_ , great and dedicated steemians and those really desserve to have big proffits.

Im not against rich people, im against greed. 

Now, with MIRA implementations the cost of nodes should decrease. Why is this really necesary? Maybe whales never noticed about how much pain becomes with HF20 for newcommers. Or maybe they do, but, they dont care. This days new ussers cant post or even comment because RC is a joke if you have the 15 SP starter.

The system have to take care of new comers, instead making things difficult to them. And there is when im start thinking that they dont really care at all. 

If something essential as adopting new ussers to create content, have more audience and be more known outside. 

Steem are becoming a close system isolated from the world.

But, no. Steem system looks like designed to screw little people for the sake of "god" investors and stackers. But, arent them the responsables of all what happening? They call the shots, and when anything goes wrong just punish minnows and newcommers.

Sry my bad english... Thanks for sharing your thoughts

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Dear @thecryptodrive

>  from what I understand this to be is that the rewards start off as sublinear, meaning that rewards are less as the first few votes come in, once the content is proven by consensus to be vote-worthy then it converges to linear as it gets more traction, linear is what we have now. 

Would that mean that rewards from upvoting comments will be cut down? I mean: if my 10% upvote would create reward worth 0.05$ then it seem that this will be way smaller amount in the future?

Yours
Piotr

When is the HF set to take place?

Dear @thecryptodrive

Excellent take on HF21, I feel SPS will be vital in the success of Steem however on the fly after its implementation it will be that we see the results little by little.


Friend @thecryptodrive, I just voted for you as a witness. Great work that you do.

Hey old timer! ;0) I like your reasoned take on things!

i like the idea of delegated downvotes. maybe a bit of both.

I think the idea of 50/50 rewards impacting self-votes and circle jerking is delusional. 

Be whale.
Have 2 accounts.
Use one to upvote the other. 
Keep both sides of the spread *regardless of the splits.*

A circle jerking arrangement will be sightly more complicated, but it follows the same principle.

Changing the rewards split will impact the bid bots and the curation trails.

Thanks for your perspectives as we really depend on witnesses to operate here and given sharing your thoughts helps us decide who to support.  My only concern is how the changes will change the attitudes of the community which is still unfortunately small and even more so how will future users become more interested as it seems that the learning and opportunity curve will steepen for smaller and potential users which are the immense majority.

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Dear @thecryptodrive

the results little by little, @lanzjoseg  following the teacher to give support  @thecryptodrive

Friend @thecryptodrive, I just voted for you as a witness. Great work that you do.

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I could never understand why it have to be ether 25/75 or 50/50, but not the calculated *mediane* of vitnesses voted parameters.
The same principle could be applied to the size of the downvote pool and in fact to just *any* parameter.

Hi, @thecryptodrive, I am from @Snaxteam.
Hardfork is the most discussed news on Steem the last days. And since the topic of rewards is touched on here, you must have heard about our Snax project? Snax is a blockchain platform. It was created for people to receive rewards for their social activity (tweets, Steem posts, and so on). We have our own view on a fair distribution of rewards, different from Steem (this is described here https://hackernoon.com/decentralizing-social-media-rewards-steem-and-snax-comparison-ac17201824cc).

We have already spent several rounds of rewards. And you are one of the leaders of our Attention rating now https://snax.one/steem?page=1. I hope it can be insteresting for you and your subscribers. Join now and start getting a Snax reward https://snax.one/. Ready to answer your questions here. Or you can write to us in the channel Discord https://discordapp.com/channels/509371605542109185/578602854437093426/ We will be glad to see you in our community)