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RE: Whales & Minnows on Steemit

in #steem9 years ago

"A possible fix to this situation would be to give bonuses to posts according to the amount of votes they get, regardless of the power of users who voted for them. For example, a post could receive 1 dollar if it reaches over 10 votes, 2 dollars if it gets 20 and so on. In that way minnows will be rewarded for popular content even if whales don’t vote for them.

I like your idea very much !!! Something like that should absolutely implemented !!!

PS the only problem as said would be puppet accounts etc... but I think many solutions and ideas are out there to prevent this... maybe these rewards could applied to "hero" members that have at least 50 post and one month presence on the platform or something like that...

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I think we need to wait and see how it plays out. If you have 50 posts, how likely is it that one or two of your posts pay off reasonably well, which means you have more SP and your vote has higher weight anyway even without a special rule? The current SP distribution is very extreme with many minimal 10 SP accounts since there are no rewards distributed, a few whales since the early mining and developer stashes haven't had a chance to flatten out much, and very little in between.

I agree. The distribution after July 4th will be much better. Between now and then the goal is to produce content that the whales find useful. In reality, that means introducing yourself with a meaningful post that convinces whales you are not a bot and that you will add value to the platform over time. This is not a tough task. Anyone who has really tried to get involved has earned a very high rate of return on their time.

I can testify to that. As my attempts at quality content have improved so has my potential payout come 4th July.
Steemit is well worth my time.

I'm going against the grain, breaking the mold, charting my own path and throwing every crazy ass thought that comes into my tiny brain at Steemit to see what happens. So far it's paying about $40 per post. At 300+ post ... that ain't a bad month's work ... errr play. ;)

I think it will pay off for Steemit in the long run too, because the earnings from post I've made with others content will be donated back to the original author in hopes of coaxing them to post here in the future.

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