Whales, Dolphins and Minnows: Why Each User is Important and Has a Role to Play In the Steemit Ecosystem

in #steemit8 years ago


Recently there seems to be a lot of misguided hate towards whales who are sending posts past the hundred dollar range with a single upvote. There have been endless posts claiming vote rigging, content rigging or just a plain lack of whales caring about good content curation. Im sure in a few cases these happen to be true, however if you look deeper, many of the big whales are not posting content , but rather upvoting content based on other user’s votes.

If we look at the photo above at user @berniesanders we can obviously see that the vast majority of his activity is from upvoting other user’s content. Not only is he upvoting other user’s content, but he is upvoting it long after these posts have already been made and long after they have had input from dolphins and minnows. THIS is the reality of the situation when it comes to a whale’s curation method, they are waiting for posts to be noticed by dolphins and minnows before they upvote. The steemit ecosystem is showing signs that it is working in a bottom up fashion, which gives every user an important role.

Each class is looking for signals to see what content seems to be the most liked and deserving of an upvote. The whales look at what the dolphins voted on and the dolphins look at what the minnows vote on in order to make a decision. Minnows are at the bottom of the list in terms of wealth, but possibly have the most amount of pull when it comes to finding the content that will reach the front page or go viral. Sure we will get some bad content to the front page, but doesn’t that happen on Reddit and Facebook as well? How many times have you seen simple memes or posts on the front page of Reddit with thousands of upvotes? How many times have you seem the same trending video on Facebook that has been around for 1000 years? The whales are only as good as the signals they are getting from the dolphins and minnows, so if the content they are voting to $10 or $15 is bad, expect bad content on the front page. Don’t vote because it will make you money, vote because it signals good articles. If they are legitimately good you will make money if they go to the front page.

If you desire good content on the front page don’t look for the whales, look around at the dolphins and minnows because they will be the ones that will grab the attention of the whales. Whales are getting 1000 messages a day from people, begging them to look at their content. It is simply impossible for them to look at it all and most of them have jobs outside of Steemit. This is their LESUIRE activity and most seem to not realize that.

The final point I wanted to make is that with whales upvoting content from new creators they are creating a whole new class of whales who in return will create a whole new class of dolphins. This will take a long time but eventually we will start to see that the wealth becomes spread amongst everyone. Especially when we get more interactive tags or something similar to subreddits, we will see people start to enrich the content and communities they most care about on this site. If your content isn’t being noticed now its not a time to give up. I don’t want to use the term trickle-down economics for obvious reasons, but within steeminomics I believe it works because you don’t give away money when you vote, in fact you make money. We are extremely early here and we still have a long way to go, but things will change and the developers are working endlessly on creating a fairer system that people can enjoy.

-Calaber24p

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I feel positive about the situation too.

Here's why

  • I see a lot of the whales such as our favourites @berniesanders and @dantheman getting about to loads of posts and not just upvoting the post but also upvoting in the comments.
  • I know at the moment there are only a few 'super-whales' but that will change as more users come on board and more dolphins and whales are created.
  • The whales know that the whole endeavour rests on their shoulders in regards to rewarding people's work.
  • The users who stand to lose the most if Steemit is not successful are those most heavily invested... AKA whales.
  • It's blatantly obvious that whales only voting for other whales is the fastest way to kill hope in everyone else, and therefore Steemit.
  • From what I've seen so far, the whales are not stupid.

"The users who stand to lose the most if Steemit is not successful are those most heavily invested... AKA whales."

This is what im relying the most as I said in my other comment, they aren't going to kill the golden goose because they will suffer the most. Also like you said wealth is being spread and its being spread at a MUCH faster rate than whales are getting richer. We just need to wait and watch. I guarantee the Steemit in 6 months will be night and day different than today and for the better.

I'm with you there. Onward we march comrades.

I've been active a whole day now. I've had 3 posts of my own and have commented on numerous other posts. I've been working hard to earn my first buck, and by this time tomorrow I will hopefully be at 2 bucks. I actually haven't seen whale activity on my stuff yet, probably won't but plenty of other minnows and dolphins have helped me out a lot. Maybe I'll get lucky and a whale will find me, but if not then I'm going to keep working hard either way.

Great post.

It wouldn't be easy being a whale . Even though they have the power to change people's lives, it also comes with a heavy burden. In the world of steemit, Whales are the celebrities, and we all know what happens with celebrities. So like any youthful celebrities, Whales need to mature and test the waters and get a good understanding of how the eco system reacts to their presence under different circumstances. I have been witnessing a growth in their maturity, and i think in time steemit will have many whales and many other fish from the sea to balance out the whole eco system

I think both can happen.

I've seen cases when whale votes create a chain reaction of extra upvotes - apparently more people noticing articles with a lot of $$$ behind them.

I've also seen cases where a large number of small votes "get" the attention of whales and thus they are more likely to examine and upvote it.

As one goes through the newly created list, and checks the last 10-20-40 minutes for new posts, they'll get an idea on what's going on by the small votes. Some will have 2-3 votes some will have 15-20-30. It's indeed the first "filtering" so to speak and an indicator of what might follow. So half the job is done for the whales.

Yeah I agree that both can happen, but Id like to think that whales are upvoting the content most people are enjoying so the site doesnt become undesirable. Ill do a post on this later but in game theory there is an idea that the people at the top could probably make more money rigging the system but if it puts the system at risk for collapse they are going to choose an alternative method that might make them less money but wont kill the golden cow.

It's like bitcoin mining, in a sense. If miners collude to attack the network then the coins they produce lose their value - so the attack vector to "gain", fails as a consequence of their actions which devalued the network.

yeah same idea. Satoshi knew his game theory well, thats why a lot of people think hes an economist of sorts because you can see it in so many design choices in bitcoin.

I upvoted You

You said "The steemit ecosystem is showing signs that it is working in a bottom up fashion, which gives every user an important role."

I like that. This article gives hope to all of us just starting out -thanks

Dont be a follower be a leader , be creative ;)

It could be
great post!

thank you @calaber24p

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