RE: Steemit: A Platform About Content, SP Delegation or Daily Diaries? | Part 1
I checked out that view and like it 100% more, although I might still have questions about the system of what gets filtered out: Are there posts that could potentially be falsely flagged by an algorithm? I'm just curious, is all.
1.) It doesn't have to be either/or. The delegation for vote business wouldn't be so harmful if a front end provided a way to reduce its visibility. Just because those posts exist doesn't mean that they need to be the first thing someone sees when they visit the site. (for example, see here for a view from @the-gorilla that filters out the bot votes).
I think you are on to something here. My first thought was that this chain would be perfect for a business owner who could make a sizable investment, delegate large amounts of power to several of his employees, share newsletters/posts with them, and have everyone upvote.
If my theory is right, and any business owner ever figures out how to leverage it, I guess that'll put an end to the spammy delegation-bot posts. Unfortunately, I don't have the financial means to test my theory. 😞
The issue I foresee here is the patience level. Small payouts work for those in the long game, but this could also be another reason why the site does not have a major US following. Americans want instant gratification. While they don't mind paying for something, they'll also abandon it fairly fast if it's going nowhere or moving too slowly.
But on the other hand, even as unbalanced as it is, small payouts are still more than people get from most platforms - and the people who do grind it out generally start seeing bigger payouts.
Perfectly said!
To get there, I think we need to (re)build our development community, and we also need to have some people who are good at herding cats. 😉
Less STEEM should = higher price, right? I'm no developer (much respect to those who are), so I'm not versed in everything here, but this means the price should gradually rise over those 12 years, correct?
7.) Right now, daily new STEEM production is at its peak levels on the inflation curve. Barring rule/parameter changes by the witnesses, it will be going down by ~75% or more over the next 12 years (90K per day to 22K per day). To me, it's an open question what this will mean for the delegation bots and their clients.
Thank you, sir.
I was very happy to see your application, and I hope you get approved.
Glad you like it 🙂
For the bot users, I have a list of known voting bots (which probably needs updating) and then every 12 (or 24, I can't quite remember) hours, a list of users who have delegated to each voting bot is updated.
For the blacklisted authors, there are a few possibilities - they might post plagiarised content, they most post shit / lazy content or I might just dislike them. I basically blacklist people / content that most would consider to be trash (I've also not updated this list for a while).
For blacklisted tags - these are posts filtered out that have used a hashtag that is known to attract a high level of shit content. It might be a specific community or simply the #krsuccess tag. Like all of the lists mentioned, they're maintained manually so I haven't updated them recently.
There's still quite a lot of low quality content seeping through but the current options filters out about 60% of existing content on Steemit (I can't remember the exact amount but I remember it being more than half of all posts)!
0.00 SBD,
1.60 STEEM,
1.60 SP,
0.00 TRX
Do you know what the breakdown is in terms of rewards, i.e. how much of the reward pool is going to that 60% of content you think would be better off hidden?
0.00 SBD,
0.00 STEEM,
1.54 SP,
0.00 TRX
Great question. At the moment, I don’t have an answer but I should be able to add a calculation to the code and find out.
0.00 SBD,
0.01 STEEM,
0.01 SP,
0.00 TRX
True. My thought has always been that people do FB and Twitter for free, so we need apps here that would be able to draw people at scale, even if there were no rewards. No idea how to really accomplish that, though. The rewards always seem to sit front and center.
I'd say that it probably puts upwards pressure on the price, but there are also many other factors in play, so there are no guarantees. If you want to see what the curve looks like (last quarter), you can check here.
0.00 SBD,
0.08 STEEM,
0.08 SP,
0.00 TRX