But, what happens when the price of STEEM increases? Will comments be receiving $10,000?
I believe we'll need a solution for scaling reward levels with price increases
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But, what happens when the price of STEEM increases? Will comments be receiving $10,000?
I believe we'll need a solution for scaling reward levels with price increases
We have one. It attracts more users to compete for those rewards.
Even with more users competing (I suppose you mean more posts or comments?) we will go back to over the top rewards. The outsized lottery effect going into $10,000 a post is arguably a good or bad thing - I'd personally advocate to not see it again. Consider all the adjustable variables - for instance, target votes per day - that can be adjusted to expand or shrink distribution.
Would it make sense to cap the rewards and distribute the excess yearly for example? So making good posts consistently in the low tide would be encouraged as well.