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RE: Help Fix Steem's Economy!

in #steem6 years ago (edited)

hey traffy good to see you posting again

so what's the conclusion? is making 10 post a day getting boring or u just missing the $8 price tag?

honestly you proved your point, you have made more self upvoting about 200k Steem in about the same time as posting when you made 100K (and honestly probably the same effort ~ accumulatively)

from what I can see the separate 10% flag pool isn't going to gain much momentum, but then again, many who has been here a long time have seen flag wars or skirmishes reward ego bruising, so i can see the fear factor, not sure about @ned wanting a 100% separate flag reward pool, but yeah I can see that a new culture will come soon if that happens, we can even flag folks for powering down, flag for delegating to bots, flag for not wiping up after shitting in the streets, the flag options are endless

i don't see the harm of doing 50/50....since we have done that before, but in the meantime, big self upvoters like yourself will still benefit the most with alts (and i'm not saying you don't deserve upvoting your 10 post, but as you say, it's at the sinking ship expense that's distributed to all aka all Steem holders get taxed even at 50/50 [unless you start getting flagged....my thoery you will stop at 20% loss easy].......still if you got 200% return more aka 200K Steem vs 100K from exponential rewards i would say that return is still pretty good at Steem at $0.80....considering you're deep in the black)....so honestly i don't see how you would get discouraged to stop self-upvoting

that super linear 1.2-1.3 thingo might not deter bot usage....infact it might pump it higher

so how about this, consider these economic ideas and do a part2 post:

  1. reduce delegated voting power to 80%....see what happens

  2. i'm not in the chat with the other big whales and steemit inc like you are, so why not propose increase curation by 5% every minor hf so it goes from 25% to 50% over say 6-12 months....and we all see what happens?

  3. try limiting your selfupvoting 80% (and see if encouragement works to help retention and user base growth).....aka vote 20% away to worthy content creations to increase and buff up the fundemental value of Steem even in this down market, ...i know you probably already hate (or have negative feelings about) @comedyopenmic and have not supported since your tiff with @idikuci which striked a nerve with you since day 1 of his complain....but i never flagged you, infact i upvoted you 100% multiple times when i was still powered up at 25K during those times......so follow your emotions, don't upvote whatever I say, heck don't make any extra effort .... hell you can set 20% to follow @curie and just cut your post and comment upvote to equivalent 8 a day

i have just read an interesting paper....that proposes btc will rise again to 19-20K only after the next stock market crash..upto 1-2 years in the future ....the theory of a long winter for crypto easily mean we eventually see a $.50 Steem....hell maybe even an extreme dip back to your avg purchase price of $0.20 - .30 (that would really be worst case scenario)

look with 6 new social media crypto on EOS and a dozen others on other crypto....yes most running AND working, in 1+ years, i doubt Steem will still have the incredible lead it had in 2017 when you bought Steem, and I'm almost 90% certain Stem will no longer have a lead in 2 years time

btw. the long winter theory is not w/o basis.....when the dotcom crashed...as you know being a finance guy yourself, it took 3+ years of a down market from 2000 to 2003 before it started rising again (and slowly rising this time).....and even then , it took over another decade to get near that peak again, history does not repeat but it does rhyme......if 3 years in winter is even 1 year for crypto...then a decade back to peak is another 3 years....but with 1 difference >80% of all the stocks back at 2nd peak were not the same 100 top .com stock in 1999.

yup....good to see you posting again, hope i'm wrong and you become a multi-millionaire again

personally what i hear you are saying is this , if 50% curation (linear or slightly super-linear) and 10% or even 100% flag does not work...it only means 1 thing DPOS - delegated proof of stake does not work, the rich getting richer model will not be the boon of crypto mass adoption on social media

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still, i have not given up hope, there could be a better way...i waiting till jan19 release to check out another crypto that can exceed 1 mil transac / second faster than eos currently, beating visa minimal criteria of 65K/s, and way faster than steem (14K/s testnet max speed)....and they don't work on DPOS compromise decentralization for speed architecture (meaning large stake holders don't decide everything and pay themselves more) nor POW (not a believer that 100.... or even 10 crypto...or heck even 2 crypto... can each burn a mid-size country worth of power every year....really not sustainable) nor DAG (like Gbyte or IOT....and are limited by architecture to scale to thousands of transac/s).... when their libraries are ready (and yes they will have all the things ETH and Steem has like token [ERC20]/SMT, also NFT [like ERC721 think all the swords and gold in games ad crytokitties] and other things like ETH and GByte has like smartcontracts [so people can vote and do weird stuff like cross between crypto and record legal ownership, etc, etc] ), then i can see how a social media that runs on them may might become like FB to Nasdaq....IPO 7 years after the crash and still out did 99.99% of the other .com stocks

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