RE: A twitter like revenue model could be applied to steemit/busy
On a separate note: I don’t think 7 day single payout is a good idea, you can read here why
I forget the exact number, but it turns out that something like 95 or 98% of all votes on posts were within the first 7 days. The real reason that the change was made was not to go from 30 days to 7, but from a 24h payout and a 30 day payout (two windows) to a single payout window for scaling purposes. It was shortened to 7 days because in practice, basically nobody was voting beyond that period anyway.
The more stuff that steemd needs to keep in memory to process the blockchain, the fewer people who can participate in this decentralized network. It is critically important that we keep the IO and RAM requirements down for running a full node as we scale the size of the userbase and blockchain, otherwise unwanted centralization will occur.
ok that make sense, I didn't know there was some memory issue there.
That means the idea to have many payout periods (1 week, 1 month, 6 month,1 year ) is pretty much dead right?
One thing a lot of authors have complained about is that their work is only valuable for 1 week, and that they should be able to be rewarded indefinetely for it..same as youtube videos for example
Yes. I wish very much we could have an extremely long payout period (6-12 mos, for example) but the amount of blockchain processing required over all active-for-payout posts becomes prohibitively large.
We have some ideas about perhaps resurrecting posts for a new payout window if they get voted on again later, but it's still in the research phase. I would love to see long tail perrennial content get paid over a longer period.