Curation Rewards - A Curators Perspective
There has been a lot of discussion going around about POB and how the current curation rewards are setup. @felipejoys has proposed a 75%/25% change to the author/curator curve to reward authors more. As a curator, I see a few issues and concerns to the long-term growth of the POB community if the current 50/50 split were to occur.
Curators spend many hours searching and reading content across the platform to ensure that quality is not being upvoted. I spend a few hours a day reading and upvoting content, trying to spread my votes across users who I feel are contributing to the platform. I don't post too often, but could spend an hour a day writing a post and probably get more POB returned to me for my effort. If the split were to change, then that is probably what I would do.
More Authors and less curators would probably be a result of a change in the curation rewards. Already less 'bang for your buck' comes from curating and it is a pretty 'loveless' job, but an important one.
Less investment would result if the change occurred and therefore a drop in the token price. Why would you want to invest more if you are to receive a lower return on your curation investment? Why not just post more and get a better return through the authorship of content? This would definitely result in less investment and a lower price for POB. Larger investors have jumped into POB headlong and driven the price up for the larger curation rewards. Most large users have staked their investment for those returns and I could see some unstaking and offloading that investment if the curation % changed.
Although I do see why these changes have been proposed, the purpose of Proof Of Brain is to ensure quality content is produced and curated. If you take a look at other low value tokens, such as the Sports Talk token, you will see the huge amount of low quality content receiving huge upvotes. One of the reasons I no longer am invested in that token.
These are just my opinions and I see some others such as @allcapsonezero: https://www.proofofbrain.io/hive-150329/@allcapsonezero/rewards-trails-and-the-investor-perspective which also outlines some great points.
What do you think?
Thanks for reading!
Congratulations @scooter77.pob! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 1250 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPSupport the HiveBuzz project. Vote for our proposal!
Yes... I also wrote a proposal that we switch to 75/25 ... where 75% goes to Curators / Investors ... you can read it here.
https://www.proofofbrain.io/hive-150329/@offgridlife/i-think-75-25-ration-on-pob-is-a-great-idea
This is an important and interesting point. Could it happen on POB as well?
As long as someone acquires a fairly large stake, there's no stopping them besides downvotes and that usually sets up a messy brawl.
A community flourishes based on the quality and efforts of the moderators/curators.
Curators are supposed to use their brains, too. If they are dumb enough to vote for anything, then the entire tribe's value goes down, leading to less investment. I sure hope no large stakeholder would want to harm themselves. Proof-of-brain yet again.
I suppose that's not really a curator but someone voting to reap the rewards on their vote. A bit like how it has become on some other platforms like publish0x.
A big community can absorb a lot of bullshit. Steemit's still going strong and that has become a cesspool.
I think that's acceptable in publish0x, because they're paying for user activity. Their business is exposing users to their sponsors. Even if someone doesn't even read what they're tipping, they still get some exposure, so that is fine. I do it myself that way, but there's always that one post sparking my attention. Besides, tipping in p0x offers very small rewards compared to proof-of-stake models.
Agreed, but it started because of that votebot bullshit witnesses allowed. If it starts ugly, it grows into a cesspool and cannot be fixed. It's still early for POB.
It is and ultimately it starts and ends with the tone from the top. Stake is the only control lever we have after four years of Steemit/Hive. Prevention is much better than cure so I hope we don't devolved into how Steemit or some of the other tribes have become.
As a content creator and "small curator" I care a lot about both sides and I think it is important to take care to keep this flow of growth for the currency and the audience that actually produces good content. I honestly don't mind keeping 50/50, but if we change and it doesn't affect the curators' expectations and results, that's fine, I'm still just a little fish around here hehe.
I think that was a typo there? Or maybe I didn't understand what you meant by that
Either way, I agree with you. I think curation is a very important and time-consuming job and I think the current split is good as it is
Posted Using LeoFinance Beta
Thats a typo. Thanks for the pickup!
I always try to see both sides, but I think there will never be a consensus on what will be ideal in this regard. The best thing to do is always to keep the dialogue open for new ideas and for debate (which, by the way, is happening phenomenally in the POB community).
I think an important point that needs to be addressed, but obvious in the long run is the awareness of the asset
Many people take their rewards and quickly pay for the first available purchase order, without even appreciating the money they have earned.
Every time I go to withdraw some amount (which is not urgent), I try to position the sell order at some value that I consider fair, in the current situation between 0.80 cents and 1 dollar, which gives an increase of 30% to 60% in relation to the purchase order to settle on the spot.
We need to value our token and not sell it at any price. I know that each person has their needs, but we must also think about the long term, and what to do with this token that we won. Unlike Hive and Leo, POB is finite, so each day we will receive less than the day before, with the reward cut every 4 years.
Thus, we must look more in the long term and understand the scenario that we want to build for the future.
And I believe that at the moment a discussion about currency appreciation (not selling at any price), is more important than the% reward for curation and authorship.
Posted Using LeoFinance Beta
Whenever curation is being talked about, "spending HOURS a day" comes up. Honestly, I don't believe it takes hours to find 10 posts worth voting. People are either lying (more likely) or they are proud of being very, very slow readers (less likely). Come ooooon...............
Clearly, this depends on how much stake you have.
This is not true in POB, where you get liquid curation rewards. You're not stuck for 13 weeks powering down. It's an easy job, too.
Better author rewards means better content. A high quality project brings in higher long-term profit.
For real. The people who say this are dropping the 100% or 50% votes too. It takes a little more time when you are spreading the votes even further but it doesn't take hours upon hours to get your votes in daily (some days are different of course).
I'd love to see an experiment where people are given larger stakes for a day so we can see how they handle it though. It's a shock to the system if you're looking to do a good job and keep your standards high consistently. Nothing overly strenuous though.
I may not spend 'hours and hours' a day voting, but I like to spread my votes around and read what I am voting on. It does take time to curate good content.
Yes, but because it doesn't take "hours and hours", I'd say it's pretty financially rewarding.
I always liked the 75/25% split that was used on the old blockchain we split from. I belive authors deserve the lions share of the rewards for their content. Curators and content readers should be upvoting because the content they are curating has interested them or brought some sort of value or intrigue to the reader/chain not because curation rewards are high.
50/50 is fair distribution in my opinion. The most important thing is how the platform reaches new users. When there are new users that join and earn, the demand for POB will increase too. POB tokens will be rare in the market. That makes the price soar. Why are all of you worried about 75/25 or 25/75? POB is the rising star of hive tribes, as evidenced by his 50/50 split.
Changing a protocol that has been in place since the beginning will only result in a schism.The worst hostility among the members. That is not good for the next development.
As important as the author is so is the curator. If write up is posted without anyone reading tru to upvote it yeilds nothing. Sometimes it's time consuming to read understand and comment. The pay is fairly shared as we both need each other
65/35 is a better percentage in my own opinion
Seems pretty good but what happens if you do both curate and post? I do both but my returns are mainly from curation which is decent.