RE: So long and thanks for all the fish | a reflexion to the BOT owners and delegators
The Curation percentage is not generally 24% on the bot I would say but it depends on what it is voting on. I checked the last one on mine and it wast 17%-ish. Ocdb generally votes very late because it usually has a queue which means the large vote stacks up and distributes to other curators too, not just the author. If the vote came in early it would effectively lockout all other voters from curation returns - like the bidbots often do.
Just so you know, one thing you haven't included is the people who are in the delegator list and how they use their stake. While some are maximizing their return, others are far from doing that and many of them are actively doing a lot of other things on the platform with their stake. Some of them have a lot of stake delegated out to other people too.
I am a content producer myself and I have worked very hard for the stake I have and taken many, many risks. I had the same conclusion you have now, back when the very first one started in summer 2017. I fought pretty hard for a long time and made some enemies along the way, but it is what it is until a few more things happen on the platform that can change it.
For me, ocdb is a middle ground that can at least help some decent content producers grow steadily without having to compete with other bidders. It returns the same for all. While not ideal, it is better than the alternatives. On top of that, it has attracted a lot of stake that would have otherwise gone to other bots that don't care much what is voted on at all and, don't mind that users make losses.
I have made more enemies on steem than Napoleon in his time hahaha.
I didnt mean to attack delegators or ocdb, but lets be honest, the only reason there is 4million SP on OCDB is because the big big ones are getting at least the same than delegating to other bots, and there is little to none important SP curating organically.
I don't mean from my payouts point of view. I mean from a community point of view.
Have you realized the waiting time from an ocdb Vote went from 1500 minutes to almost immediate?
That means less people is using the service... Either they are gone to other bot, ran out of steem or are not posting anymore...
Which one it is ... I don't know, what I know is that I used to keep a 250+ good content creators community in Spanish with less than 50kSP and most left because the Effort to reward ratio was not satisfactory once i lost the 45K delegation i had.
Also I have been for the last 2 months trying to lease a delegation and not even at 22% APR my order gets filled... Nodaways you can only lease small ammounts from dolphins and pre-dolphins.
(BTW If you would like to spare a delegation, check @reveur, I am trying to rebuild a tiny community of hodlers there and every little helps)
Not quite true other than for the largest delegator and account on the site.
This is true of all on the platform because, all of the SP is the same. It is silly to think that 30 odd whales are meant to sort and curate 40,000+ posts a day. Expecting them to do it on top for no return isn't going to happen is it?
There has to be more reason to stay at Steem than the rewards but, many never actually try to work out what that is for them. Instead, they look at it as a weekly revenue stream rather than a long term investment while having some fun along the way.
I say the big big ones are getting...
Follow vote organic curation projects with less SP that you get a big chunk of the Curation rewards.
Well blame jerry marketing plan... The population we have came here because someone was posting on facebook: Hey i posted a picture of a cat and got 400$
The +250 authors I was educating and pimping and teaching were actually community building and learning and being ambassadors for the blockchain adoption with proper and responsible use of the resource.
They moved on to new grounds where the promise of community, rewards and engagement was better fulfilled and i cannot blame them.
There are 3 reasons I stay here:
It isn't enough while there are the bidbots around. That is the issue and I know, I did it for a very long time as did others.
I do blame Jerry and others like him. However, everyone makes their own decisions on how they run their lives and their accounts.
They move for rewards, I have seen the engagement on other sites, take away the rewards, they die.
I don't know what a parasite chain is :D
Take the rewards away and i go back to my personal blog / web radio rockdio.org
Can you blame people writing 3000 words quality posts receiving 0.001 payout from 150 voters.
Authors that would be happy to get 2$ per week from their content as it is about their waves in their countries?
Authors that grew their account instead of using it for food?
The masses that will make steem scare so the price increases will not come from Europe or the US, they will come from third world countries.
That doesn't means they are bad, that means they will be happy to get a little revenue from a decent paying post 3, 4 $ (50/50) post and increase their stake little by little.
They can even decide to make this their full time job and promote and educate others.
It is a chain that doesn't have a mainnet, my chain uses steem custom json objet to store its encrypted ledger.
it is like a primitive implementation of SMT without the central delegation of trust.
4 dollars is 10 Steem.
There is a pool with about 800k Steem in it now. That is 10 steem 80,000 accounts. Then there is the interest, the witness. That is 30% combined gone. Then there is the difference between countries and what is offered. And that 800k isn't daily. There is 26 million spread out for the year.... You get the idea.
Then there is the problem that most of those small accounts are selling now. Who do you think buys from them? This technology isn't ready as an income stream yet, this is a building and development phase.
People are selling Steem at prices that they will likely regret later. Sure, some 'need' it but the thing is, if Steem never existed they would have access at all, then what? Relying on Steem for income is a poor position that many take. Necessity is one thing but there is a cost to every position taken.
They are selling it at price they will regret and you and me are buying it.
But the argument of the minnows dumping steem is fake and oversold.
In Venezuela community for example the steem never hits the exchanges there is a few services that buy the rewards from the dumpsters and keep them in the platform.
Thier volume rarely exceeds 200 steem per month
Minnow just don't earn enough to have an impact on the price when they sell...
Remember the tail in the candle that took steem price to 1100 satoshis for a few seconds 1 month ago...
I was actively trading that day and there was no volume at all in the market just the odd minnows selling their 0.010 steem... So when a bot tried to sell 10000 steem it ate the whole order book.
Steem price is controlled by the huge accounts playing in the exchanges.
Remember the weekly korean pumps on the SBD of 2017 ? from 0.8 to 3$ and back down in 15 minutes...
Dont blame the minnows and the dumping.
Just 2 weeks ago when i was still in trading i was bored and with 1 BTC i managed to make a little ladder that moved the price 200 satoshis in the direction i wanted...
I kept doing it for about 2 hours until i saw whale activity and as a good small fish retired my walls and went to hide in my cave.
You are right but, that selling will have an impact on their personal value in the future. For most people on this platform, this 'revenue stream' did not exist at all until the end of 2017 when prices increased and SBD broke its peg.
I don't blame them for price at all, what gave you that idea? What they are dumping is their future on the platform and the ability to curate their own communities and interest areas. Relying on others for bread is always going to lead to hunger eventually.
The bots run the exchanges.