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Question asked on Musing.io by dominion01

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· @dominion01 ·
Question asked on Musing.io
<a href="https://musing.io/q/dominion01/should-steemit-increase-curation-rewards-to-50-to-increase-participation"><b>View this question on Musing.io</b></a>
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properties (23)
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vote details (1)
@camiloferrua ·
Question answered on Musing.io
<a href="https://musing.io/q/dominion01/should-steemit-increase-curation-rewards-to-50-to-increase-participation">View this answer on Musing.io</a>
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properties (23)
authorcamiloferrua
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json_metadata"{"app":"musing/1.1","appTags":["steemit","life"],"appCategory":"steemit","appTitle":"Should Steemit increase curation rewards to 50% to increase participation?","appBody":"<p>I don't think that's a good long-term strategy, I think it would be preferable to increase the rewards in Steem power for authors, so people would want to publish more and better content to gain more influence in the blockchain.</p>","appDepth":2,"appParentPermlink":"p3pqn3q7q","appParentAuthor":"dominion01","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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vote details (1)
@edb ·
$0.42
Question answered on Musing.io
<a href="https://musing.io/q/dominion01/should-steemit-increase-curation-rewards-to-50-to-increase-participation">View this answer on Musing.io</a>
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properties (23)
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json_metadata"{"app":"musing/1.1","appTags":["steemit","life"],"appCategory":"steemit","appTitle":"Should Steemit increase curation rewards to 50% to increase participation?","appBody":"<p><strong>Voting shouldn't be called curation.</strong> It's a misleading term. Curation means that experts help other people discover good content, preferably by creating a coherent collection for a certain theme or genre.&nbsp;</p>\n<p>Resteeming is a form of curation, but it isn't rewarded. Voting is expressing your own preference, and extending the arts metaphor, it's comparable to buying a ticket for an exhibition or concert. Upvoting posts you like (including your own) should be enough of a reward.</p>\n<p>A high reward for voting means that whales who don't post often stay rich, while poor bloggers stay poor, no matter how active they are. It also encourages buying and selling votes, because the voting bots get part of the money back as rewards.</p>\n<p><strong>Participation in the network is rewarded by rewarding authors and commenters.</strong> It would be better if voting would cost money, like supporting content in the real world does.</p>","appDepth":2,"appParentPermlink":"p3pqn3q7q","appParentAuthor":"dominion01","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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vote details (4)
@dominion01 ·
Should Steemit increase curation rewards to 50% to increase participation?
<p>Good answer.</p>
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properties (23)
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vote details (1)
@milaan ·
$1.00
Question answered on Musing.io
<a href="https://musing.io/q/dominion01/should-steemit-increase-curation-rewards-to-50-to-increase-participation">View this answer on Musing.io</a>
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properties (23)
authormilaan
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json_metadata"{"app":"musing/1.1","appTags":["steemit","life"],"appCategory":"steemit","appTitle":"Should Steemit increase curation rewards to 50% to increase participation?","appBody":"<p>It has been debated upon in past. The people who advocated about 50% curation reward were of the opinion that it will make the curation reward attractive and hence the curators like whales or orcas will love to curate more with their influential steem power. They will be happy to curate more and it will come naturally, so the authors will get more natural upvotes from the whales and thus it will otherwise encourage authors to post more as natural upvotes will rise. But this has been an apprehension by some people in this community and it may not so happen in reality.&nbsp;</p>\n<p>Further, we can not say whether it will work &nbsp;or not. So what if it does not work, then definitely &nbsp;the author reward looks less attractive and &nbsp;if there will not be more curators even after making the curation reward to 50%, then I think for the same amount of reward, the authors have to double their effort, so this thing could back fire in that scenario.</p>\n<p>So in my opinion, we should experiment this sort of thing by increasing the curation reward like 35% or 30%, as little increase will not impact much to the author reward and nonetheless the dapps are also debiting benefactor reward which is making the author reward as 65% net on an average in many cases and the authors are also happy with that as well. So in my opinion it is okay to do like that and if we suddenly make the curation as 50% then it could be catastrophic from the author's point of view.</p>","appDepth":2,"appParentPermlink":"p3pqn3q7q","appParentAuthor":"dominion01","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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vote details (3)
@dominion01 ·
Should Steemit increase curation rewards to 50% to increase participation?
<p>Good answer.  Yes, some experimentation to get the optimal recipe would be worth it.</p>
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properties (23)
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vote details (1)
@victoria-bella ·
$0.34
Question answered on Musing.io
<a href="https://musing.io/q/dominion01/should-steemit-increase-curation-rewards-to-50-to-increase-participation">View this answer on Musing.io</a>
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properties (23)
authorvictoria-bella
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json_metadata"{"app":"musing/1.1","appTags":["steemit","life"],"appCategory":"steemit","appTitle":"Should Steemit increase curation rewards to 50% to increase participation?","appBody":"<p>I think this can be implemented in Steemit for now so that it can increase the number of participants who join and work in this steemit. With a prize increase of up to 50%, it can make a lot of help so that every steemit user will receive curations up to 50% of every post they make that can increase their power power quickly without having to buy it but only need to curate each other's posts to get prize curates up to 50%.</p><p>With the enlargement of this curating prize, we will receive a bigger reward than now if our posts have reached the quota or have been up to 7 days. And the curators of our posts also receive greater rewards which are up to 50%, and if this is really implemented later then the curators who curate each other's posts in Steemit will receive a huge reward every day.</p><p>Even though currently the price of steem and steem dollars is declining, this has no effect with the allotted curation of each post. However, the enormous impact of the decline in the price of the two coins, namely steem and steem dollar is the reduction in steemit users who write the work on this steemit platform. They say that at this time every work they write every day is not worth the reward they are steaming because of the decline in prices of steem and steem dollars.</p>","appDepth":2,"appParentPermlink":"p3pqn3q7q","appParentAuthor":"dominion01","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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vote details (2)