create account

RE: A case for eliminating curation rewards by cmp2020

View this thread on: hive.blogpeakd.comecency.com

Viewing a response to: @snowflake/re-cmp2020-re-snowflake-a-case-for-eliminating-curation-rewards-20170305t193157500z

· @cmp2020 ·
$6.12
> how you are going to profit from steem" and instead think of how " to increase the value of the platform"

New users don't care about increasing the value of the platform. Like it or not, they're in it to make profit (as are most voters and authors) (I.E. you're being paid for this article therefore you are making profit)
>They are not voting today already, 90% of votes is done by bots

That means 90 percent of author rewards are also currently given out (diversified) by bots

>How eliminating curation rewards will send authors away from the site?

I and many others would leave

>Why would the platform be any less sustainable?

Because most of the voters that give the platform its value would leave. The loss of voters would cause demand for steem to leave, and the value of steem to plummet.
>users will have more influence which will incentivize them to buy more steem power and the site will be a lot more valuable in the eyes of investors.

No, it will alienate many people who are voting to get curation rewards (causing them to leave and leave only authors) and steemit to look unattractive to investors.

>Do you really expect businesses to integrate a content reward system run by 90% bots? 

Yes, Google uses bots yet many businesses depend on their search engine.
Again, I'd recommend you read this article:
http://www.investopedia.com/university/economics/

As well as this article:
http://www.investopedia.com/university/economics/economics3.asp
👍  , , ,
properties (23)
authorcmp2020
permlinkre-snowflake-re-cmp2020-re-snowflake-a-case-for-eliminating-curation-rewards-20170305t194902567z
categorysteem
json_metadata{"tags":["steem"],"links":["http://www.investopedia.com/university/economics/","http://www.investopedia.com/university/economics/economics3.asp"],"app":"steemit/0.1"}
created2017-03-05 19:49:09
last_update2017-03-05 19:49:09
depth3
children5
last_payout2017-04-06 03:28:54
cashout_time1969-12-31 23:59:59
total_payout_value4.595 HBD
curator_payout_value1.523 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,468
author_reputation65,599,003,109,574
root_title"A case for eliminating curation rewards"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,652,046
net_rshares29,940,445,996,828
author_curate_reward""
vote details (4)
@snowflake · (edited)
>New users don't care about increasing the value of the platform. Like it or not, they're in it to make profit (as are most voters and authors) (I.E. you're being paid for this article therefore you are making profit)

You still didn't get the point.  Profit will come as a form of increase in steem value if the platform is more valuable.



>I and many others would leave

Solid argument.

>Because most of the voters that give the platform its value would leave. The loss of voters would cause demand for steem to leave, and the value of steem to plummet.

Curators do not give the platform its value,  authors do.  
Eliminating curation reward would increase the amount of voters actually, today almost every vote is a bots. By removing these rewards active users will have more power and so will be voting more.

>No, it will alienate many people who are voting to get curation rewards

Again people are not voting robots do. This platform doesn't need curators , it needs people who actually bring value to it, by posting and engaging in the discussions.

>Yes, Google uses bots yet many businesses depend on their search engine.

Google picks up content that people have 'voted' for with their click, so unlike curators google actually 'vote' for content that people want.
properties (22)
authorsnowflake
permlinkre-cmp2020-re-snowflake-re-cmp2020-re-snowflake-a-case-for-eliminating-curation-rewards-20170305t204757400z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2017-03-05 20:47:57
last_update2017-03-05 20:50:33
depth4
children4
last_payout2017-04-06 03:28:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,279
author_reputation33,312,252,512,655
root_title"A case for eliminating curation rewards"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,652,444
net_rshares0
@abit ·
[Nesting]
Flagged another comment for trolling.
properties (22)
authorabit
permlinkre-snowflake-re-cmp2020-re-snowflake-re-cmp2020-re-snowflake-a-case-for-eliminating-curation-rewards-20170305t225743735z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2017-03-05 22:58:30
last_update2017-03-05 22:58:30
depth5
children1
last_payout2017-04-06 03:28:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length47
author_reputation141,171,499,037,785
root_title"A case for eliminating curation rewards"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,653,290
net_rshares0
@snowflake · (edited)
This is not trolling, it's the cold hard truth. 
I don't know if you paid attention but cmp2020 has been insisting on the fact that I don't know what I am talking about eventhough I made an argument for each point.
properties (22)
authorsnowflake
permlinkre-abit-re-snowflake-re-cmp2020-re-snowflake-re-cmp2020-re-snowflake-a-case-for-eliminating-curation-rewards-20170305t230853200z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2017-03-05 23:08:54
last_update2017-03-06 01:01:09
depth6
children0
last_payout2017-04-06 03:28:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length214
author_reputation33,312,252,512,655
root_title"A case for eliminating curation rewards"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,653,352
net_rshares0
@cmp2020 ·
I'm done arguing about this. You are just rephrasing what I debunk, and changing the definitions of words. Please resume fighting for a cause when you understand what it is you want.
properties (22)
authorcmp2020
permlinkre-snowflake-re-cmp2020-re-snowflake-re-cmp2020-re-snowflake-a-case-for-eliminating-curation-rewards-20170305t215324491z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2017-03-05 21:53:33
last_update2017-03-05 21:53:33
depth5
children1
last_payout2017-04-06 03:28:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length182
author_reputation65,599,003,109,574
root_title"A case for eliminating curation rewards"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,652,947
net_rshares0
@snowflake · (edited)
It's funny that people like you who havn't invested a single penny into steem is trying to give an investment lesson to people like me who actually put their money where their mouth is. Pretty hilarious actually!

Edit: That's an observation I made recently is that most users who have not invested a single penny in steem care a lot about growing the number of steem in their wallet but real investors who spent their hard earn money  mostly want the value of steem to increase. This is not speculation, it's a fact which can be verified by reading comments here and checking user's balance history.
👍  ,
👎  
properties (23)
authorsnowflake
permlinkre-cmp2020-re-snowflake-re-cmp2020-re-snowflake-re-cmp2020-re-snowflake-a-case-for-eliminating-curation-rewards-20170305t221742400z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2017-03-05 22:17:42
last_update2017-03-06 01:04:15
depth6
children0
last_payout2017-04-06 03:28:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length600
author_reputation33,312,252,512,655
root_title"A case for eliminating curation rewards"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,653,120
net_rshares473,251,011,180
author_curate_reward""
vote details (3)