Viewing a response to: @snowflake/re-ats-david-re-snowflake-a-case-for-eliminating-curation-rewards-20170306t020857800z
>This is the saddest part actually... No, the saddest part is that the rewards are *only* 12% because they have been reduced from 50% to 25%, minus the reverse auction. This is the reason why you're seeing more automation for voting. It has to do with that whole *incentive* thing. When the rewards for spending time/energy on a specific task are reduced, you tend to get less of it or a lower quality, or both. Or you get automation, which can result in the same outcome.
| author | ats-david |
|---|---|
| permlink | re-snowflake-re-ats-david-re-snowflake-a-case-for-eliminating-curation-rewards-20170306t152944530z |
| category | steem |
| json_metadata | {"tags":["steem"],"app":"steemit/0.1"} |
| created | 2017-03-06 15:29:45 |
| last_update | 2017-03-06 15:29:45 |
| depth | 3 |
| children | 2 |
| last_payout | 2017-04-06 03:28:54 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 4.411 HBD |
| curator_payout_value | 1.470 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 473 |
| author_reputation | 324,017,334,201,433 |
| root_title | "A case for eliminating curation rewards" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 2,657,993 |
| net_rshares | 29,319,444,289,622 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| abit | 0 | 29,301,319,528,368 | 100% | ||
| abcd | 0 | 3,173,382,279 | 100% | ||
| escrow | 0 | 536,879,149 | 100% | ||
| remlaps | 0 | 14,414,499,826 | 100% |
> When the rewards for spending time/energy on a specific task are reduced, you tend to get less of it or a lower quality, or both. Hence Linux? There are other rewards and motivators than money. As long as you do not include those in your economic thinking, I predict your predictions will not be very good.
| author | ocrdu |
|---|---|
| permlink | re-ats-david-re-snowflake-re-ats-david-re-snowflake-a-case-for-eliminating-curation-rewards-20170307t012439280z |
| category | steem |
| json_metadata | {"tags":["steem"],"app":"steemit/0.1"} |
| created | 2017-03-07 01:24:39 |
| last_update | 2017-03-07 01:24:39 |
| depth | 4 |
| children | 1 |
| last_payout | 2017-04-06 03:28:54 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 311 |
| author_reputation | 140,931,335,327,250 |
| root_title | "A case for eliminating curation rewards" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 2,661,903 |
| net_rshares | 0 |
Yes, but on *this* platform, the incentives are the cryptocurrency. It's the entire purpose of the token. It is meant as an onboarding mechanism for social media users, hence the payments in STEEM, STEEM Power, and STEEM-backed dollars. As long as people refuse to acknowledge the purpose, I predict that their solutions will not be very good.
| author | ats-david |
|---|---|
| permlink | re-ocrdu-re-ats-david-re-snowflake-re-ats-david-re-snowflake-a-case-for-eliminating-curation-rewards-20170307t020231786z |
| category | steem |
| json_metadata | {"tags":["steem"],"app":"steemit/0.1"} |
| created | 2017-03-07 02:02:30 |
| last_update | 2017-03-07 02:02:30 |
| depth | 5 |
| children | 0 |
| last_payout | 2017-04-06 03:28:54 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 345 |
| author_reputation | 324,017,334,201,433 |
| root_title | "A case for eliminating curation rewards" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 2,662,083 |
| net_rshares | 0 |
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