Why Whales & Dolphins have to start work for steemit or risk to lose their whole investment!
Wow - this were weeks... steem price exploded, important VCs & media wrote about steemit, we were hacked, servers overloaded and content grow from minute to minute. A whole bunch of new people joined steemit and getting their first stories written, exciting moments.
Yesterday steemit even temporary closed it`s doors for register new accounts as there were too many sign-ups last days. But in all that good times new problems come up and some are even fundamental ones.
So all good? ....no it is not!
So whats the problem now.... as more people joining more are abusing the system. Often not in a real bad manner just have the "get rich quick" signs in their eyes. The most overgrowing problem here is "tag-spamming" so people push their stories (mostly introduction posts) into all top topics resulting into full spammed niches. The worst of all is that this spam posts get of course a lot of upvotes and dominate whole categories.
What can I as new user do?
For such cases normally people should downvote/flag the post - the more voting power a user has the more power has its vote. All good on paper and looks well.... but now to the reality - all full spammed, 3-5 editorials mostly with no power, poor viral content what earn top and as a normal consumer everbody would have left in first minute. So how can this happen and who is responsible for this quick escalate.... the whales and dolphins - so the fat stack holders.
Where are the whales and dolphins?
A good question.... but simply not doing their work, help steemit and protect their investment. When you are a steemit-power whale you must have to do editorial work to protect your investment and keep the plattform clean - so this is not only a get-rich-quick game here. So in general this people hurt steemit now when you analyze it in detail.
How large the problem got?
Well in my eyes its totally fucked up.... yesterday there were 4 posts in topic "marijuana" related content in TOP12. This are the worst spam results rates since early internet... well done steemit-whales!
What are the whales and dolphins instead doing?
In general a lot of them (not everybody) just do steemit-prostitution & abuse the system.... so they meet in slack chats and upvote their content all together - also for money. This got the next overgrowing problem here... it got so wild (and shameless) that in the top earing story of yesterday it was even clearly stated.
Here the copied text:
...................................................................................................................................
I've made awesome partnerships with top writers like@XXXXXYYYZZ and @XXXXXYYYZZ and had chats with some really awesome people on Slack.
To: @XXXXXYYYZZ @XXXXXYYYZZ @XXXXXYYYZZ @XXXXXYYYZZ and a host of others. You guys rock.
...................................................................................................................................
You wonder why you earn 0.02$ and others with some shit content 20k... well here is the reason - lol.
Conclusion
Dear whales and dolpins - you should get on the white side of steemit and start working otherwise your whole investment will be destroyed. When you own a stack of steem-power and not do editorial work or have time for it then you should simply sell your account. This whole problems with spam and poor upvoting for cash is even on that stage today a point why all can fail. Nobody even not stupid ones will look if they can find related content between 80% spam.
It would be great to get maybe also a discussion with some whales here - what you think about it? I know I wrote it maybe little too exaggerated but it is an important topic what should be discussed about.
For new investors...
The market cap would be even not OK if all would work like it should be but how it run today it is just a joke. Take care when buy today - way too overpriced in my opinion. I think it is good to watch it for a few monthes and then decide what price can be representing the value.
You know, curators have power as well. We can just stop upvoting tag-spam. Not that complicated.
Yeah I know - but tags are even not visible public in post so people upvote it. When only minions are doing downvoting and whales are not joining the work it will bring nothing. The voting power is definately to less like we see now. This was the reason even top topics was full of unrelated content.
Finally a post from someone who gets the issue.
Thanks for your answer - yeah I try to get the focus on it.... seems the whales are not interested in that topic & voting power of a few users is way to less for the upcoming problem.
The whales need to realize that making more people who can award small amounts is essential to the future success of this platform.
Yeah absolutely - so true.... this is the reason I wrote too how they act now they even hurt steemit. Centralized power what upvote tag-spammed content to highs nobody can finally downvote - it is even not worth the time to do it. Somehow it all got in complete the opposite direction as it should be. :-)
I believe that free market will show true price as it should be. Going through content is really hard but its what we minions should do not whales.
When I step on good content I sit down and write, talk to author for in some way my comments give value to them (since my steempower does not)
Last few day I almost haven't touched top posts just new ones. I'm sad when good content doesn't get enought notice but its our fault not whales and doplhins because they upvote good stuff we were suposed to find it first. I see @dan and some other whales often doing our work by upvoting first adn then we all jump to that. thats not how thing should work.
I guess that problem lies in that everyone just write their own stuff in hope to hitg it big and i return no one reads what other have to say unless its upvoted by doplhin and after by whale.
Tunas on other way just create thier stuff so they could become doplhins so they don't have enough time to search the see.
Going through spam is hard and that is why its our job.
Edit: I remembered one where whale indeed did wrong thing, it was that boy from Africa story form yesterday, I can't find it now but just after few mins he recieved 200$, and can't remmember which whale that was that led to 10000$+ payout. In that case that felt bit unfair. If we minons found it I woudln't mind. There is need for minions to vote first and then tunas, dolphins and whales cooming to handout prize. It must work that way to be fair.
Thanks for your insight and detailed answer - it is for a starter always good to hear different views!
The problem (I think) is only that the "minion" vote-power is then way too less if the mass should do the work. That was more or less the reason I wrote this post as unrelated content started to dominate niches - and not even niches, also the top topics. I think it should be work of all of us, not only one group - but when the whales are missing you can forget all as it is useless and has no effective result.
I must agree that curation reward for curation needs tuning , else our efforts compared to payouts are way to low.
I remember finding:
https://steemit.com/introduceyourself/@rubybian/hi-steemit-i-am-ruby
in something like first 20 minutes and being 6-th voter acording to this
https://steemd.com/@rubybian?page=3
and my prize was
curation reward of 0.006 STEEM POWER for rubybian/hi-steemit-i-am-ruby
System is in place and it works just needs tuning. My voting power at that time was maybe low and I was experimenting with voting time. Her blog earned $1,675.07 But even if I found it at perfect spot my reward would still be insignificant since i earn more than that from inflation or interest (not sure which one pumps my steempower, maybe both do).
In a way its like incentive for us to invest more in our steempower but then it is hard to invest if u don't realy believe in it to work i even see that people comming in get 5 SP and i got 10 SP when i singed in. But I hope things will go for better.
Have to agree that it should be our job as well to upvote new and great contents. But downvoting when neccessary will be a key to keep this community fruitful.
At the moment, higher influx of new community members will bring more popularity here, but with limited 'readers' like us, I guess we'll have to deal with more spams then ever, LOL.
I'm just hoping, this system gets adopted by other social media outlets, and let this community be the juggernault that it deserves to be. But lets keep our feet firmly on the ground for now, and see where steemit brings us.
hahaha i love the DiCaprio's pic, I agree with you with the newer investors
Great post, and this is a real problem. Steemit needs tag police!
lol - a tag police :-)
@hastla,
Firstly, thumbs up. I upvoted this cos you made a very good point with 'tag-spamming' which you're right. At least, to an extent.
Secondly, I know I wrote it maybe little wrong and too exaggerated Maybe you're doing it all wrong, when soliciting for opinions, I believe it should be factual and concise. Don't forget there are humans behind the names you subtly attacked.
Thirdly, we all have to work together on this. Yesterday, there were over 6k new posts. All NEW. Diff from about 7k new posts the day before. Some still waiting for love. I, personally, know how it feels. I go through hundreds of posts everyday and I'm certain others with bigger stakes do too......
We all should work together to make things better. we're still in the beta stage and things can only get better.
Lastly, community thrives on partnership. For example, there is a slack channel for steemit-abuse where a number of people are working tirelessly on curtailing some abuses of the platform. There are several channels on slack with hundreds of steemians trying to better the community. Why not join them?
Looking forward to reading more of your posts.
Hi Infovore, i just see that you have become popular in such a short span of time. I would say destiny is on your side. So, maybe you can try the below. Who knows what the future really holds. Give this a try. Maybe later you can quote me if this is successfull for you.
https://steemit.com/steemit/@mms2209/3n6vxw-how-adzcoin-will-soon-make-millionaires-just-like-ethereum-and-steemit-now-is-the-time-to-join
Very good post @hastla, very good. Thanks.
Dolphin is here!
haha :-)
Happy you are here too - damn... I should have mentioned you for your work and add that people like you try to keep all clean so all of the lazy whales should send you some steem.
You correctly point out some problems there. We do need more and better curation, especially more downvoting.
However, blaming it on "the whales" is too simple IMO.
Every user can help by downvoting junk posts. Even if you don't have much voting power yourself, it will help others judge the posts. It will reduce the overall earnings of the poster, and hopefully make him stop spamming.
Some people do mutual upvoting. That's just one of many ways people are trying to game the system. This is only a problem if their content is bad. In the long run, this problem will go away. You can help make it go away if you don't upvote popular posts just because they're popular.
Really thanks for your answer and get some other opinion. I only recognized it brings absolute nothing when a few normal users do the work. I am not blaming the whales of course but just wanted to start a discussion about it. But who is profiting the most from a clean and well curated steemit.... of course the whales. :-)
Next - why should anyone do the work what not profiting in any way when the ones what should be look after are not interested? This makes also no sense.
Sad truth.