Excellent response. I agree with everything you say.
The curation penalty for voting early should be changed somewhat.
Yes I think it needs adjustment.
Combined with that I think we need to rething the curve of rewarding curation where the first voters receive a much bigger piece of the pie than those voting last.
Yes in fact people have suggested this before.
I also noticed the lack of mention of delegation in your post,
I forgot about delegation - that is one way to help I suppose this creates the whale issue again though. If you have substantial voting power does that reduce the need to actively curate? I suppose we would need data to assess this in practice.
It might reduce it if you become lazy and because of the rewards not changing too much cause of the curve, yes.
Since we also have the problems with distribution (not too many having a bigger stake to actively consider curation a way of earning), and although it over time is getting a lot better (and with new investors and curators coming to the platform its being spread wide even more) it could become a lot better if the delegation is spread among more curators and with the change in curation curve in mind it would work wonders for curators actually being rewarded a lot more for being the first to stumble upon great new and undervalued content.
Would also be nice if delegation could have more options for reward allocation so that inactive investors and whales would not need to rely on the curators sharing the curation rewards with them but it being done automatically instead thus incentivizing them to delegate more actively and to more users.
Yes in fact I think it was a big mistake not having this built in. Delegators should get something in return even if it isn't a 50:50 split they should still get something, as they are basically making an investment.
They shouldn't just be expected to do it as a charity service.
Exactly, especially since it only takes 10 votes daily now so any greedy investor will just throw em out quickly without care if its going to the right place or being distributed nicely instead of handing them over to a good manual curator knowing its doing a lot more good for the long term of the platform while still seeing some rewards from them.
the sad part is no one up there seem to have even read this postyou and @thecryptofiend raised so many good points
A lot of these changes have been / are being discussed. I was really in support of the idea of a delegator receiving a portion of the curation rewards that were earned from the delegated SP. It was discussed with the dev team, and unfortunately the math/computation to make it work was too complex. Something like that could be formed 'off chain' though via some type of delegation market. It is still early in the game. Something along these lines is still a possibility.
Would "Fabric" be able to do this? I think it is really important in order to make delegation truly viable.
I am not a blockchain expert, so I don't really know. Maybe? It wouldn't be worth discussing unless/until we actually have fabric first though. Until then it would be getting too far ahead of ourselves.
great comments, great discussion / as a relative newcomer I enjoy the idea of curation and do try, but there are virtually no rewards. I'm all for a better system, probably about early, non-bot votes getting rewarded, yes !!