Authors Vs. Curators
I was looking at the lists of posts with all of the various tokens and I noticed that there was a difference between the author reward and the curator reward in one of them. The difference is small at about 1% so I thought it could be one of the tokens that made up 1% of the reward amount. It turns out the CTP token rewards the author a lot more than the curators.
I would like to see a token that has a 1%-99% split and another with a 99%-1% split. It would be interesting to see how the market would react to these different approaches.
An author only needs to add a tag to get rewards from a given token and it is either rare that a post would be rewarded more with a particular Hive Engine token than with the native Hive rewards. So, we can assume the primary motivation is native Hive rewards. A high author based reward system is going to be a more fair distribution of funds initially, however. An author gets the new token and has no rational reason to keep it unless he is also a curator.
The curator not only needs to vote, but has to obtain the new token some how and power it up. That makes every curator add buy pressure to the token. Although, as a percentage POB has been doing quite well as a reward system for a curator.
In theory, I believe a 99% curator rewards token would do better in the market than a 99% author rewards token, unless some fundamental change happens to the way rewards happen. @proofofbrainio is a super whale, and with a 99% curator token, the equivalent would be even worse.
It seems like the distribution is already determinable to be bad if we start the distribution with 1 token powered up with my account and then I vote up who I please. I would become the super whale from that activity. The other token would be dumped and end up with no value. I wonder whether you the reader has any thoughts on how to mitigate these problems.
Posted with proof of brain.... Prove your brain now.🧠🧠🧠
Honestly, I don't fully understand your post, it's probably my fault since English is not my native language and also, I have never paid attention that the different tokens that communities grant deserve. I only know that the vast majority do not represent any motivation to place a label that grants me a reward, many projects that represent communities and specific themes have not had a good impact or their token has not been well managed, there are plenty of examples of this.
The only ones I pay some attention to are precisely the ones you mentioned Proofofbrain and Leofinance precisely because of the rewards received for using their tags and posting on their blogs, they give a reward that with effort and patience manages to increase the value of our wallets, I repeat, a lot of patience, a lot of perseverance and a lot of effort. The same is not true for other tags and specific communities. I know that some game tokens can also be interesting but I have never been interested in games, not even those that pay to use them.
I understand that having staked Pob, Leo, or any other tokens I receive curator rewards when I vote for posts that use those tags. I never paid attention to whether that's convenient or not, nor the percentage I get, probably because the Hive takes all my attention.
I would like to learn more about that.
I don't post in Spanish because of my certainty that you would understand it even less. 😎 The demand side for some things that are not unused comes from a monetary premium. There is a hope you will use some item in the future to trade for something else. The hope is that someone else will want what you are getting. Very few monetary energy goes into gold for some physical application. The idea is to buy it to sell it later. It does exist though. If gold and silver were used only for utility, the per ounce value of gold would doubtless be less than that of silver. Perhaps most of the price of gold comes from the demand by those thinking of selling it in the future.
The utilitarian value for somethings is largely absent in some things. For example expensive old fine wines, fine art, or unused domain names. These three classes of items, and currencies both native and second layer, are purely a monetary premium. I think the demand part is hard to figure out. Perhaps I could learn something by creating more tokens but for now I am content to learn about how some of them shined and then lost their value quickly. I get a lot better rewards as a curator (as a percentage) with powered up proof of brain, but the proof of brain-blog interface has shown me that as an author my author rewards is better in Hive/HBD.
I expose myself to the price of POB, and this depends on supply and demand but the supply side will grow slower and slower. So it is the demand side that concerns me.
Thank you very much for sharing these concepts, I do not pay too much attention to some things that I should, my main concentration is writing (something that I am passionate about) and sharing my thoughts as well as some knowledge accumulated over the years, with the Hope it works for some.
Balancing rewards to incentivize both quality content creation and effective curation is a somewhat controversial question considering that a system that favors authors too much could discourage curation, which could lead to a decrease in the quality of featured content.
On the other hand, a system that favors curators too much could discourage content creation, which could decrease activity on the platform.
In addition, the concentration of power in the hands of a "super whale" is a valid concern. In any economy, excessive concentration of power can lead to market manipulation and inequality, which could be detrimental to the long-term health of the ecosystem.
Thank you. As the saying goes A penny for your thoughts.