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RE: Proposed Changes & Curation Rewards
You have to earn your way up through writing and commenting. Curation rewards are like mod-powers, you only get them after posting on a forum for a while.
You have to earn your way up through writing and commenting. Curation rewards are like mod-powers, you only get them after posting on a forum for a while.
It's too bad you can't or won't see it from the uninvested new user point of view anymore.
I highly doubt it will be possible to earn 16,000 steem power, or that investing it in a platform that changes on a whim in less than a week like this would be a smart thing to do. Even upon achieving 10x that amount of rewards, the grand ability to donate a dollar for content I like is not worth the months of effort that would require. Watching you disregard all the discussion and suggestions about protecting users from bots only reinforces that idea.
People are going to be pissed off after they realize the ad campaign only applies if you invest thousands of dollars, or have a bot, or know someone. My estimate is 2-3 payouts before new user activity drops off and they go try the alternatives.
You shouldn't expect to give away hundreds of dollars to others over the course of a month here. That's where SD will come into play, you can donate out of your own pocket anytime using these.
When you want a new user to give 1c for a first vote, that's 6$ a month - twice of what the account is worth right now. If that were possible, I'd create a lot of small accounts and let them post spam & vote for each other all the time.
Voting rewards don't count a lot when it's only a couple of votes, but the more upvotes the post receives, the more each single vote counts (also those cast before). The busier it gets here, the more eyes a post will need. Whales are limited in amount and voting power, they'll always stay an anomaly, but their domination will go down more and more over time.
@pharesim
The context behind that partial quote was not tipping, "The grand ability to donate a dollar" (by voting) would take a massive investment and months of work. Only big investments like yours for instance, at 60,000 steam power can even give over a quarter...
All everyone has been trying to point out is that when a hundred new users all upvoting the same post notice they don't have any effect at all, it will piss them off and chase them away.
Whales want to diversify their risks.
Thank you for the information Dan and everyone involved. I agree with the conclusions.
That is not the math that I have witnessed. Please explain in detail how many users it would take.
The only vote have seen that gave a post 1cent was from a user with 8,000 steam power. This means that it would take 16,000 steam power for that user to get 1/2 the rewards, or 1 cent. It would take the votes of hundreds of normal users to give that user anything. I have yet to see even 1 cent come from users without thousands of dollars invested.
This is still completely ignoring the fact that bots will be allowed to steal most of the curation rewards, because it was just decided that nothing will be done to protect people from them (by the person who wanted to scrap the whole reward system because of them last week).
Common! You already know that tipping don't work! Give me an example it worked well somewhere!
This is what we want to change after all... If tipping was successful we are not needed in the first place.
@liondani: he mentioned tipping.
Could at least the earnings/rewards be better and easier at the beginning ... like with new casino players that get so many rewards (lunch for 2 for free,bonuses,tickets, free entrance etc...) until they get hooked... and then the rewards get less after one month or two... ;)
or just give to new users a first deposit bonus and give them 100% more Steem Power
when they buy Steem Power with their bitcoins from steemit
Promotions like this are good but what is the mechanism for paying for them?
@liondani I honestly don't know whether they have more than enough or not. Every new account will need to be funded with 10 SP which means they currently have enough for 3 million users accounts and that's all (yes changes can be made to the minimum balance but I'm just pointing out that the resources are not limitless here). On top of that, much of Steemit's stake is supposed to be slowly sold off to pay for development. I don't know if that is still their plan but it was earlier. So giving away more of it to pay for this sort of promotion would have to be balanced against those other competing uses.
steemit pays for them (even manually) until the planned redistribution of wealth is done!
they have more then enough... https://steemit.com/@steemit/transfers
https://steemit.com/beyondbitcoin/@officialfuzzy/if-steem-reaches-even-25-of-reddits-market-valuation-#@smooth/re-fuzzyvest-re-liondani-re-officialfuzzy-if-steem-reaches-even-25-of-reddits-market-valuation--20160608t100521600z
Sadly, anything making things easier for smaller guys can be gamed.
The bonus is something steemit should consider for sure though, nice idea. Maybe a bit sleazy ;-)