RE: Hardfork 21 is HAPPENING. What will change?
Steem could be policed from a central committee of moderators like Facebook does. We have that with the tech cartels. Steem could be policed, however, through a decentralized Wild Wild West. Downvoting is flagging. You can leave a comment stating why you flagged something.
Downvote Pool
As people downvote, will their downvote power and weight increase and will this second pool grow and grow, is my question. I'm guessing that if people are paid money to downvote, and if that secondary pool is not just merely Resource Credit (RC) manna, and if the downvote grows and grows, then that is potential flaw in Steem. But if this second pool is fixed, then that might be less dangerous.
Downvoting
I don't downvote. So, I don't promote that. So, you're right that we shouldn't be flagging each other like you said. Yes, decreasing author rewards down to 50% is dangerous. It might promote more interaction, engagement. However, it is risky. It is dangerous. I'm hoping things improve. I'm crossing my fingers. Hard Fork 22 might be undoing some of these things. If these things don't really work, we should revert some of these back to HF20.
Free Market
I believe in the free market. Specifically, the market can be crazy. Some people have a lot of money. Some people may be very poor. I believe in the system, generally speaking. I believe in freedoms. So, I believe in letting run around wild doing good and bad. So, we see a wide variety of content with variations of quality and quantity. Generally, quality can be measured subjectively, generally speaking. Of course, objectivity is real. But too often, people are judging quality from a point irrationality, because humans are full of bias, preference, perspectives, paradigms, beliefs, feelings, as we are not perfect. Now, hypothetically, if we were perfect, if we knew everything, then we would be able to rate the level of quality objectively. I believe in freedom over safety. I believe in smaller government. Have a lovely day. Oatmeal.
Yup. That's what it's all about. And if the reward bar is set too high for new users, the new users will simply not be here.
What's the point in posting on Steemit for $0.02 a week (maybe... if one is friends with a large wallet...) when someone can post of Facebook and have a much larger audience?
From what I've seen so far, most of the top payouts are handed over to plagiarists who have purchased most of the votes and the rewards on the post as well. This particular practice is mystifying to me, as it seems like chasing a tiny profit margin using a ton of cash... but whatever.
There should really be a Gaussian voting power curve... with the highest vote power set at a few thousand SP. That would ensure the best quality content over all... because the mid level users are the ones most likely to be engaged in actively reading content and making the platform better. This would also fix the problem noted in other threads regarding the VP of the bidbots.
But... maybe someday there will suddenly appear a BAT tip jar next to Steemit postings. And the whole discussion of platform generated rewards will slide into oblivion.
One of the purpose is to protect content from being banned from tech cartels. Money is secondary issue. I'm here to save my work because I've lost thousands of videos, pictures, etc, on YouTube, Facebook, Twitter, etc. I've lost dozens of accounts, etc, in the 2010's, in the USA, in Vietnam. Millions of people are running into these issues. As the dollar dies, Bitcoin, Steem, and other cryptocurrencies will continue to rise.
Well, there are many, many other ways to keep your digital stuff afloat, on the internet or offline, private or public...
Good.
Spoken with great wisdom, especially the part when you said, "Oatmeal." It was deeply touching...
Even commercials can be awesome when designed to be hilarious. The problem with content is often that people don't care enough to do something well. The problem with making it difficult for Steemians to earn without a huge following is that they won't have the incentive.
Wouldn't it be cool if Steem could reward authors well enough that they wrote their books on here? But they can't, because the 7 day reward system does not make it profitable. Steem wants to be a long-form content machine, but it is not capable of paying people long-form rewards. On Youtube, a good video can earn you money for years.
I think we are making a big mistake by allowing for a culture on Steem that says what can and can't be on Steem. We should let everything legal be on Steem and let the curation decide the reward.
I've often wondered what it would be like if you had settings that would allow you to choose how long the post stays active? Like regular daily posts stay open for 7 days, while big posts you spend a week making, have an option of earning for a month, with changed rewards.
Great idea.
Yeah, I think allowing people to decide the payout time is a very cool idea.
There would be advantages and disadvantages to extending the payout time, for example, some people might upvote shorter payout times so that they get their curation rewards sooner. But there could be incentives for patient voters that are willing to wait for payouts.
I would also think it would make sense for a long post to give an increased amount to curators, in exchange for the longer exposure.
Guess we'll see how this fork goes, and if it has issues, we make this suggestion.
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Does Dlive have evergreen content (videos) that can earn past seven days which, like you said, Steem has that limit currently? I thought maybe Dlive, which left Steem, was talking about that. But regardless, perhaps we should launch a competing blockchain network that allows for evergreen content, that is content creators and content creators.
We are moving towards a platform that promotes self-censorship, because the first ones to be marked could be those that generate rubbish or offensive content.
But, when these are finished or diminished, those who remain will have the capacity to eliminate those who are below their reputation.
The whales that promote this HF21 have considered that they could be left alone? ... or is that what they really want?
@galatas I thought the same thing... I think there are many bad side effects of this update. They may not be shown at first but they will appear and grow bigger every time.
I really feel steemit should handle abuse, separately to down votes. Plenty of innocent people fell victim to misguided justice and plenty of criminals got away with in the Wild West 😉
The problem with leaving it to users is that isn't possible for people to successfully flag some abusers out of action, the persistent ones create more and more accounts and it becomes and endless game. Others are too big to be stopped.
It didn't occur to me it might grow, that is scarier. I hope not, fixed is definitely at least better than not.
I don't downvote either. Woo yeah. But people do and I don't like seeing it promoted. Cutting the author rewards does risk pushing authors off, I'm not here for the money so much, and would say at this point quite a lot aren't, so I don't know how much that aspect will kill creators, but it is a big cut to give up. Thank you, I am going to hope you are right ☺️
That is really well put. I totally support a free market, and the madness that comes with it. Steemit isn't quite a free market, although it is very comparable to what we also call a free market out in the wider world, complete with corruption to boot.
Thank you, kind of had a sleepless night after I saw I had a response and couldn't delete this comment and dreading what might show up. But thank you, very much appreciated ❤️
Other Places:
The good news is that there are other websites that are similar to Steem that you can also copy and paste posts to. I'm not talking about Busy which is an app or a platform of Steem. Also, Steemit is also an app of Steem.
Competition:
There are other blockchain social networks that I post to that is similar to Steemit. There are probably more out there. They include:
Bearshares
Dream Real
Serey
Smoke
Weku
Another one that is slightly different is Cent. And there are probably more out there that may come and go.
That's the competition and if Steem fails too much, then some people or a lot of people will continue only posting to some of these other websites. So, if Steem wants to continue to be on top, they will try to listen to their own users. When I say Steem, I mean the Steem Witnesses who coordinate hard forks, annually or whenever.