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RE: Update on Simplicity: Cutting Complexity with Steem 0.17.0 by abit

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· @abit · (edited)
$0.61
I disagree with these:
* Standardized payouts on a 7 day timer
* Comment reward pool

Neutral
* keep n^2 for longer time

Others are OK.

//Edit: The point is to bring author reward beneficiaries and SP delegation this time. If it's too hard to decide a curve, we can keep it unchanged for a while.
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vote details (6)
@liondani ·
$0.22
Instead of the 7 day timer they could just change the
24h+30days  >>>>>   24h+7days

and my opinion is the author:curator reward ratio should **reverse**...
The curators should take the most rewards since the curators are hundreds (or potentially thousands in future) but the author of a post still only one (authors will continue to take the lion share)
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vote details (43)
@ats-david ·
$0.38
>Instead of the 7 day timer they could just change the
24h+30days >>>>> 24h+7days

Seems like the best option to me. And for long-term revenue to authors, then can simply add a tipping function/option to posts. It would make tipping more intuitive, at the very least.
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vote details (3)
@abit ·
The best option to me, is to pay every 7 days or so.
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vote details (8)
@liondani ·
EXACTLY THIS ^^^^
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vote details (1)
@tibonova ·
$0.20
>  simply add a tipping function

@busy.org has a [pull request](https://github.com/adcpm/busy/pull/407) of that.
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vote details (11)
@beanz ·
Content is king.
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vote details (1)
@dan-atstarlite · (edited)
Yeah, I think people are really going to miss the 24 hour payout. People really want instant gratification. Especially new users who think the platform is too good to be true. 

"SHOW ME THE MONEY!!!" says the new user.

Now it will take 7 days to prove to them that Steemit's not a scam, LOL instead of 24 hours. I hope they remember to login a week later to check.

I remember waiting on the edge of my seat for my very first payout to see whether this was actually real or not. 

But I'm all for experimenting so I haven't really voiced this opinion too loudly and I assume there's a good reason for getting rid of it... I just haven't heard it yet.
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@cassidyandfranks ·
I can chime here as a new user...(brings popcorn for everyone and shares)

I have to say that I have noticed an increase of STEEM & SP rewards in the last day (24hours).
I cannot verify exactly if it is because of this experiment.  

Just my 3cents worth.
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vote details (2)
@tibonova ·
"Show me the money" is true, but 1 week has its benefits.
And as I see ~~everyone~~ much stake is used to upvote new users. If they don't interested in enough to wait a week for that, next time when they get nothing for their post they will leave, or exchange to BTC then leave, or cry a little about justice then leave.

1 week is simpler, and one could have more rewards then with a split period when a nonlinear reward curve is used. Now, at the end of the day, when a minnow's vote is starting to change the reward, the system starts the whole process again with a 30 days period that nobody uses because the votes worth nothing (those, who could fill up the shallow part of the curve have already voted as curators in the first period with a bot with perfect timings).

With one week, there is more room for the investors to act when the rewards are different from what they would want.
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vote details (3)
@jrcornel ·
$0.11
While not in favor of that much of split I do think curation rewards need to be higher... 75/25 is not nearly enough to make curation really worthwhile for most people or to really encourage many people to vote. Especially since early voters forgo some of that curation which makes the actual curation split somewhere in the low teens... 

An author/curator split of something like 60/40 seems like it could work. It might still not be enough but it would be better. Some say that curation is not needed while I feel that curation is a great incentivisor to get the most people to vote... 

Good points by the way about the curators being hundreds/thousands of people vs. a single author... hadn't thought about it like that before.
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vote details (1)
@liondani ·
and don't forget that people that vote the first 30 minutes give more rewards to authors... so it isn't 75:25 but rather 88:12 !!!   So a reverse make absolute sense because for the same reason it would not be 25:75 but about 38:62 (author:curators)
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vote details (1)
@tibonova · (edited)
> Some say that curation is not needed

Curation is needed, but not the curation rewards. I, for one, would vote without curation rewards, and I think many of us would do.
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vote details (6)
@sigmajin ·
>24h+30days >>>>> 24h+7days

Wasnt it already that way at one point...?
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@liondani ·
>Neutral
    keep n^2 for longer time


why keep n^2 longer when the majority don't want it?
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@abit ·
$0.32
Change one thing at one time.
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@liondani ·
$1.36
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vote details (46)
@sigmajin · (edited)
>keep n^2 for longer time

How much longer?  IMO part and parcel of keeping it for a longer time is the very strong possibility/likelihood  that it falls through the cracks entirely.
👍  ,
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vote details (2)
@abit ·
The point is to bring reward beneficiaries and SP delegation this time. If it's too hard to decide a curve, we can keep it unchanged for a while.
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vote details (4)
@snowflake ·
Everyone wants a flat curve, why too hard to decide?
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percent_hbd10,000
post_id2,723,011
net_rshares2,115,272,516
author_curate_reward""
vote details (1)