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RE: My Disappointment for the Crypto Community Has Reached a New Height.

in #bitcoin7 years ago

I am trying to grasp to all the news that circulate in the crypto world.
Bitcoincash is growing. Any ideas ?
B2X is coming back ?
Like you mention we the users should dictate what coins should prevail.
We all know money talks.
Any ideas about steem declining so and so ?

Keep on steemit

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I am putting my money in crypto projects that I feel will change things. I personally like projects like Guld which is a DAG. I don't have much to say about Steem, my confidence has been shaken concerning this platform. My article was pretty clear how I felt about the Bitcoin madness.

Thanks for commenting.
You said enough and I get your point.

Hard to have confidence in STEEM these days. Well stated.

My confidence in this platform has also been shaken. I'd be interested to hear your thoughts why? From my point of view it seems more about bots and vote selling than about actual curation of quality posts. The vast majority of stuff posted is rubbish posted merely for the sake of getting something up on the site. There is some really good quality pieces being written and posted , but they are lost in all of the other trash. Short term I'm sure people are making money but it doesn't really bode well for the future of the site. Its certainly not what I was expecting when I initially joined.

Agreed. Any insights on why bots are allowed/tolerated? It seems that many of the rules were designed by people who did not want these spam articles...

Bots are allowed because they are not specifically disallowed. Presumably bots are like guns. Nothing is good or bad about a bot per se. It is an inanimate object, cold and perfectly calculating with computer like precision. Bots are only good or bad based on the programming logic used by the person that pulls the trigger - to write the code

Guns aren't bad. But guns are mostly used for harming people, so countries have banned them.

Bots aren't bad. But bots on this platform are mostly used for harming the ecosystem, so the useless 'pay you when you pay me' bots should be banned.

I don't know what the solution is. Bots aren't the problem in themselves, just as you say. The outcome though is that my feed is filled with crap and its hard to find anything worth reading. I know there is quality content on here, I just cant find it. ATM Steemit is essentially just one large proof of stake platform. You stake your coins to a bot and then watch the rewards roll in. Even the whales are in on the game. They make more money staking their steam power than manually curating. In some ways you cant blame them. They are simply responding to the incentives the platform is providing. It's really up to the Steemit team to refine the algorithms, so that the incentives are aligned with the objective of promoting quality content. That is assuming that @prof-pieters is right and the objective remains to encourage quality content and not spam.

That's my read on the situation as well: somehow the incentives are not aligning with the spirit of the platform.

There are lots of us trying to produce good content. Pick a category and go to the new tab each day and keep an eye out for good articles and authors and upvote them. That keeps them writing and posting more. Dont give up on steemit yet. I have high hopes for this site yet.

One of my "Dead Posts" from the past :) humm curation here really isn't thought through. A weekly basis is not a worthy lifespan of articles or any blog piece ..
https://busy.org/story/@j3dy/having-fun-on-steemit-c30-d3-week-recap-work

this is what I believe steemit is for :)
https://busy.org/introduceyourself/@mojojo/hello-my-name-is-jo-ann-and-i-am-a-new-member-of-steemit

well steem in this case.. Busy looks good

I’m not giving up yet. I make a point of going to the newly posted section when I log on. Im an economist by training and a very famous theme in economics is that “people respond to incentives” When the incentives are stacked against us, it makes it that much harder to find the truly engaging and original material.

I’m just going to focus on writing good articles and trying to curate well. If enough people do that we’ll get there!

just vote somewhere else since votes will just drain your power past payout :|

keep it up man, I like the attitude :) you are also welcome to my post from the past for some inspiration if you wish :)

It would be nice to be able to see my voting power...I keep forgetting that is a thing.

There are so many reasons but the bots are not one of my issues. I would like Steemit.com be the focus of the team. That is my main gripe.

I have been writing loads of excellent content for half a year on Steemit and I can't get any decent upvote headway on my articles without using MinnowBooster. The platform is so overloaded with crappy posts and poor segregation of the posts that I don't think people ever find the good content. This is a significant challenge with the platform. Steemit also does not provide a way to differentiate the accounts I follow and make sure my real favorites get identified for valuation to a much greater degree. Some people that I follow are awesome and always do great content that I want to have a special category for. These people are the ones that should get major support. Then there are those that just post BS everyday with no effort put into it whatsoever. This should be flag-able and cause these people to lose value over time.

Without some real incentive changes, the platform is going to get taken over by BS and then it will just be replaced with a new platform at some point. I hope that's not the case, but this is the direction it appears to be going. Proper incentivation rules and capabilities on Steemit is the core of what will make or break this platform since this is how the Proof of Work / Stake is applied to those using it. If this is wrong, the platform will fill up with crap. You'll end up with a Steemit neo-feudalism model instead - basically just big whales and plankton. Sure, this is a bit off topic from the above article, but if you want Steem to be a big boy crypto and the Steemit to blow the doors off Facebook and others, this is what it will take.

From what I read on the intro-FAQ, you can flag posts/comments, and that is equivalent to a downvote.

However, I do think you're onto the problem with your organization comment though. As a brand new user I went through all the tags on the trending/new/hot/promoted and found a few things but nothing overwhelming. (I'm sure it exists---I just couldn't easily find those posts & users).

I wonder if each tag should highlight some high reputation accounts that frequently post to it? Though then you funnel power and attention to a few individuals so that's not so great. Maybe a "classics" category in addition to the trending/new/hot/promoted that highlight "top x of all time"?

However it is technically done, I think the real trick is to create a way to better track and value the people that are consistently good and flag those that are consistently crap. If you can then filter against this by categories that you are interested in, then even better.

Additionally, I find the current rating system insufficient because it is binary and doesn't really encourage downvoting except in case of something egregious. We need a way to identify crap spamming posts that doesn't necessarily take "votes" away but warns people that it has little to no content value.

Lastly, if there was non-binary voting that was a 1-5 vote, you could also set how much value you want to give or vote. This would allow more value provision. Currently you can just set vote percentage if you have enough Steem. Frankly this is just silly because the key thing is to rank value, not just count on numbers of people upvoting it.

I think user rank and the decrease in vote power was supposed to fulfill that function in a mechanical way (without allowing gaming of the system). Somehow, that has either been broken or is not functioning as well as it could.

A possible adjustment along your lines could be a (or 2 kinds of votes) a "standard" upvote (unlimited) and a "money" upvote, of which you get 5 a day, on a recharging basis. (I essentially wonder if people are not voting enough for the curate function to work). This way you get 2 dimensions: popular posts and valuable posts.

I tend not to vote up accounts that don't use real names. That is just how I play.

I'm not sure what that has to do with my points relayed above other than you not upvoting me for retaining my privacy. Did you have other comments relevant to the above that you'd like to contribute?

I hate to pop into this thread just as I’m going to bed, but I’m so relieved to see this kind of critical discussion going on somewhere. I keep oscillating as to how I feel about the content issue, particularly finding it. I’ve been searching for way too long this evening for a good convo, and now that I have it’s too late to write too much!

Some advice; stop using minnow booster.

That goes for any other pay-for-vote services. Steemit used to work because the whales had incentive to vote to earn curation rewards. As long as people such as yourself continue to offer these whales a chance to sell their votes while they can still earn curation rewards, there won't be much of a reason for them to vote naturally.

If whales would vote for real content rather rather than some "I'm new to Steemit" selfie for $200, then sure. Otherwise, I waste all my time on Steemit for nothing. At least MinnowBooster allows me to magnify my SBD and add some Steem to my wallet. I'm honestly getting tired of producing excellent content to be ignored. I have a select few committed followers which is great, but most upvotes are very minimal. If this problem gets solved somehow, then sure, I'll absolutely stop using MinnowBooster.. why would I need it then? Unfortunately, Steemit is currently a neo-feudal estate that doesn't build its middle class. This can only end in tears for everyone if the incentives don't change.

well said - Blogging and earning by blogging means WORK and sometimes hard work

many people still dream from a quick rich, but forget to work for this.

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