Re - Changes to not reward Steemit Posts/Authors after 30 days etc. I disagree & here's why.
The LSS is right here next. For those that love to read longer things, keep reading LOL.
The Short Version:
Essentially -- If someone wants to buy a book or click on one of our comments 5 or 10 years from now, the authors should be paid for that, as the original bill of goods was presented to people upon launch. Without content and those creators, there would be no platform or community.
Publishing rights do not (sic) expire for the author, so why should their revenue stream for that creation of content expire?
The longer version with more detail:
I don't have a lot to say usually about improving IT and tech stuff since it is not my expertise.
But this is a
PUBLISHING SIDE / CONTENT issue
If we take the time to write something that stays on the blockchain forever in perpetuity, just like writing a book or making a movie -- those content creators do not have their revenue models and income streams revoked after 30 days or 30 months. So why should that be any different here?
The content is what builds the brand and revenue models for Steemit. No content = no valuation for the company and the currency.
The content is what backs the currency (STEEM) , as I see it also. It is like when Canada moved off the Gold standard backing their currencies in 1974 and the USA did so in 1971.
That is what fiat currency essentially means along with tying it to inflation.
Steemit will be chock full of content, which is great for the founders and the whales, but after 30 days - the long term valuation remains with the platform once you cut off the content creators from their long term (passive) revenue stream.
Imagine why Facebook is worth so much-- the content and user base creates the valuation for the "company" - the company can point to the users and the content and it pads the valuation for THEM -- leaving the content creators out in the cold which does not seem right.
Can you imagine where George Lucas would be today, after making the first Star Wars movie -- if he gave away (which he was asked to do) -- or worse -- his long term content and other merchant rights/ content rights were TAKEN from him by the stud -- and thus his revenue stream for the future?
There would be no Facebook without the users and their content. There would be no Star Wars saga like we know today if Lucas was stripped of his long term content providing revenue for him and there would be no Steemit or Reddit without the users and the content providers.
Book authors don't get stripped of their revenue models and rights after 30 days or 60 days unless they sign off on it upfront or along the way.
The value should remain tied to the content creator with the publishing and revenue rights.
Changing things along the way that are drastically different for the content creator's revenue stream they created in the first place does not seem right.
If someone wants to buy a book or click on one of our comments 5 years from now, the authors should be paid for that, as the original bill of goods was presented to people upon launch.
The motto of Steemit essentially is : Steemit - Get paid to post, vote and comment.
... not just inside 30 days and then your access to your revenue from your content is taken away.
I thought this out and hope it does not upset anyone but I feel pretty strongly about this.
If you're still reading, that's great.
Maybe this comment will get a click in the years to come that rewards me down the road.
Most sincerely -- Barry
With minor edits today, this was my response on the official @Steemitblog account post Jan. 15th, 2017, where founder @dan / @dantheman was replying and interacting w the community in that post. I saved it in a draft knowing I would deal with this in due time.
It was a blog post looking for ideas on the next big fork/changes coming soon to Steemit -and here is that original post.
https://steemit.com/steem/@steemitblog/steem-0-17-change-proposal-introduction
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
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I agree and I would go further, I think you should be able to use up to all your daily voting power on one post if you think it deserves it.
That's interesting for sure.
Fundamentally I agree, and I was hoping that improvements in the blockchain technology would lead to the end of defined payout periods. However I can understand the constraints and think everyone needs to individually evaluate the pros and cons for their situation and business.
I think this (https://steemit.com/steem/@dantheman/building-long-term-value-from-your-blog) was a great post by Dan that covers some of the pros. It's definitely worth it to consider we're earning stake and not money. A novel may be published on Steemit chapter by chapter, and it should be remembered that even though it's payout has ended, the author has essentially gained a share of every novel published on Steemit, not just their own!
Everyone seriously using Steemit for a business or creative venture should absolutely plan Steem rewards as only a partial revenue stream and Steemit as a marketing tool. I have no problem with affiliate links, writers and artists should drive physical book or print sales in every post signature, and I think we will see robust crowdfunding and Patreon style uses develop on the blockchain that will operate outside of the normal reward pool.
In short, the payout timescales aren't perfect, but I don't see them as a huge deal breaker. For casual social media users it's a non issue, and professional content creators will find ways of bringing "evergreen" revenue streams to their content.
This post has been ranked within the top 25 most undervalued posts in the first half of Feb 02. We estimate that this post is undervalued by $8.71 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Feb 02 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Upvoted and resteemed!!!! I hope you are doing well friend 👍
Getting by dude, have a look at my contest post today, put a lot into that one. I know you like them.
Excellent information, very interesting dear friend @barrydutton thanks for sharing
Signing off for the nite, have a good one buddy!!
Some very good points here.
TY sir. My latest post just went up -- it is a Liberty based Contest post.
https://steemit.com/steemit/@barrydutton/steem-contest-gaw-time-top-two-people-win-free-steem-give-me-your-best-liberty-post-get-at-er
No. Facebook bussiness model is based on advertisers wanting to put their ads in front of those users which agree to tell Facebook what they like.
Valuation is done by the markets. If Facebook users started to use the platform only to share their pictures and how they are feeling, then Facebook would not have so much information about them and couldn't monetise them.
No. Some publishing companies are even getting revenue long time after the autors are dead. So they get much more than the person who actually did the work. Many times even writers have to sell thousands of books in order to get out of the losses, because publishers want their money first.
Probably I am wrong. However that is what I am thinking after reading your article. Just my opinion, not an attack
@barrydutton I am very happy a whale like you Barry are taking this on! This is by far the biggest negative on Steemit and many of us have been hoping it would of been changed by now
Oh, I am a long way from a whale LOL. But thanks
TY for understanding. My latest post just went up -- it is a Liberty based Contest post.
https://steemit.com/steemit/@barrydutton/steem-contest-gaw-time-top-two-people-win-free-steem-give-me-your-best-liberty-post-get-at-er
You make a good point, though I wonder what a good alternative would be. Maybe it would be a good idea to add an easy Donate option to every post. It could be an option when you Upvote, after the first 7 days, so that even then, there's an option to earn something if people value your content.
I know you're able to send someone Steem already, but I think adding it to the upvote button would make it much more likely to actually happen.
It's a great idea, it was being discussed on here for awhile now....
TY for understanding. My latest post just went up -- it is a Liberty based Contest post.
https://steemit.com/steemit/@barrydutton/steem-contest-gaw-time-top-two-people-win-free-steem-give-me-your-best-liberty-post-get-at-er
I'm. Still relatively new around here. I wondered why u can't invite and comment on some posts. They must be aged out of earning. It's a bummer we can't still engage with the author after time has lapsed. Thank you for pointing out the post that addresses the issue.
You are correct -- it has been brought up a lot -- there is a 30 day limit on a post and then you can still vote for it but cannot comment. Thanks for saying hi and commenting today.
Following you now.
Oh also if you go to the search bar - enter my user name + something like "change your profile picture" -- you will see the super easy post I made months ago on how to do that.
Have a good day