EDIT: It has been brought to my attention that the hardfork is not today, but we are left in the dark about when and if, making the rest of my letter still as applicable as if it was going to happen.
Dear Steemit friends and followers,
I don’t expect you to upvote this or anything I post.
Especially after today’s hard fork.
As you know one of the biggest changes is the Vote Balancing.
“Rebalanced target votes per day from 40 to 5. Votes will still regenerate over a 5 day period, so an account can vote 25 times sporadically before incurring large penalties to voting power, or 5 times daily. The goal of this change is to redistribute where the voting power is coming from. There are currently a few whales that vote often and many more than vote far under 40 votes per day. Accounts are too often at 100% vote power. Every block that an account is at 100% vote power is lost potential. The goal is to get as many accounts under 100% vote power at all times. This should lead to rewards being spread out due to the lack of consensus among whales as to what defines quality content.”
My view is that this will limit social interaction on steemit and cause more people to spend less time here creating a de facto killing of the “social” in this “social media” platform
I’ve already remarked how if you are not a “blogger” or writer of somekind, then the social aspects are slim here to begin with and this site is not like other social media (and not in a good way).
@theoretical wrote an article Learning to love the voting power equilibrium point change which he defends this change, all in the name of “fairness”.
Despite what we were told that if you Power Up and “invest” more your vote and voice is worth more, which was always inherently “unfair”, yet fair due to the commitment made.
Side Note: @theoretical used @biophil’s “leaky bucket analogy” which he may or may not have done so knowingly. This brings up an inherent problem I have with steemit because there is NO notification system if you mention other users. So even if @theoretical did credit @biophil, @biophil would have to have stumbled upon @theoretical’s article to even know…
My champion responder is @williambanks who had this to say (in part):
“Well congratulations. You've now killed any reason to keep curating manually. And you've turned voting up commentary and content you agree with into a mandatory business decision.”
"In fact you've specifically stated that some hipster twatbeard who hops on and spends 5 minutes to upvote 5 posts is MORE valuable to the platform than those of us who are treating the platform like it's their day job.”
“Upvoting and following is how we mortals, BUILD social networks. Upvoting IS how we show appreciation to people who say some insightful stuff whether we agree or not. With enough opportunities to upvote, it doesn't matter if we toss a few "appreciation votes" at our friends and even a few at our "frenemies".”
"Now instead of 40 chances a day to spread a bit of recognition around, I get 5. Yeah sure I can use the slider. But then if I do that, I have to mentally justify that decision. This is mental loading and turns upvoting into tipping which is exactly what you said you didn't want.”
“The correct solution is modify the weights so votes regenerate MUCH faster.”
"A full power vote every 30 mins would increase engagement to crack like levels of addiction.
With more votes to spread around, more stuff gets upvoted. Sure it dilutes the hell out of the $10k daily posts. But it also raises the value of everyone else who is seeking some little bit of recognition or validation.
It also causes the redistribution to suddenly become much more fair, because there are no more $10k posts but hundreds of $100 posts and thousands of $10 - $90 posts, and maybe millions of $1 posts.”
“But with a choice of only 5 a day, or having to mentally justify a change to weight on that slider "just in case", it is going to put mental loading into the equation that will just reduce how often I choose to vote. It makes us stingier, because now it's no longer an emotional decision, it's a business decision.”
"The end result of this change is that all voting turns into a simple calculation of $/hr based exclusively on the bonus amount of the post. With almost no votes for commentary (which yeah is how I and several others make the bulk of our money).”
"Sadly the math will be hard for a human, but trivial for a bot.
That's the curators side, but the content creators side just got much, much worse!”
“The part you're missing here is that steem and SBD only have the value WE impart to it.”
The post eventually got @dantheman’s attention and he responded with:
“If bob is a bot who spends 4 milliseconds curating you will see the reality of what we are trying to balance.”
Admittedly, I am not a developer, programmer, nor blockchain expert, but couldn’t we implement voting balance changes that impact just bots and not regular everyday users like us?
That may be a “simplified” solution, but without something that throws the rest of us into chaos as we fret over supporting our friends and follows, now we, as @williambanks pointed out, we have to “mentally justify that decision” which means less voting because thinking is too hard.
With that being said, as I started, I don’t expect you to upvote this or anything I post.
“Especially after today’s hard fork.”
Thanks,
@strangerarray
Written by Michael Paine
Please follow me, @stragerarray, to keep up to date with my other fiction, non-fiction, and other post.
Hey y’all for more great content check out my friends:
(All robot images from steemd.com)
There is no hardfork today.
Thanks!
I had no idea.
Good thing this is clearly stated anywhere.
I would like to help put an end to your fears. I am a fat minnow but still just a minnow. I do have enough SP to use the scaling vote. Even after the hardfork I can give out 1% votes all day long. or 20% votes at the same rate I could give 100% votes before. For smaller minnows this means only voting 5 times a day. That will not hinder social interaction it will however cause minnows to value their votes higher and strive to make as much per vote on curation as possible. Commenting could still be worth money in rare cases and social interaction is the only way to build a following here so it is already incentivized to the max.
Thanks for this insight.
danke für das erwähnen in deinem Blog Post
thank you @strangerarray
Thank you!
A brave post! I will fight alongside thee!! https://steemit.com/steemit/@mindhunter/why-i-believe-the-reputation-algorithm-on-steemit-requires-an-earthquake-shift-or-else
I'll send over some of my minnows to assist!
Me too! "Tae the STEEM decks! All minnows report to the decks!!"
1 minnow reporting for duty!!
LOL
Got a small incline that this post MIGHT go viral??
Brave, but wrong according to @joseph's reply.
Who will win the day?
Who needs our content creation?
Who knows how to get attention?
Minnow love to that @micheletrainer person!
This upcoming change has been on mind mind so much that I slipped the phrase "hard fork" into my novel episode intro yesterday. 😉 It'll be interesting to see what changes come about. I, personally, was enjoying being able to spread the wealth around now that my upvotes are worth more. I found myself spending much more time reading others' work knowing that my upvote could add to their wallet total.
Well please see the addendum EDIT that is now at the top of this post, for the hard fork was delayed.
Well I've been here 3 minutes and my hard work voting has been consumed by your most excellent post. I'm almost 50% of my day, because I also upvoted Julia's supportive comment. So now do I not login more today or for 5 days? zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz :(
Maybe we can upvote each other in facebook. LOL
Here is a theme song to go with your title,
I don't follow voting power - mines been 30-40% per cent for days now! Who cares?!
I post 10 times a day too. No whales dictates to me!!
I know a minnow with 2% voting power - but I've been sworn to secrecy!
Well I am wrong about the hardfork according to @joseph (see his reply.)
Too bad there is no communication about this...
Steemit is new , it is different ; yes the war on bots is essential but newbies and visitors here are far more important than bots. There must be ways of fighting the robots without throwing new steemians under the bus and destroying their early enthusiastic experiences.
My own significant other is quite a good writer and cares deeply about humanity and the environment. She crafted a longish article that was not designed to be noticed by Social Media readership rules. Once she posted it was never even opened , without votes or comments like my lady people are gone.
Once you insult people you have lost them forever ; that was never the intention but it was the permanent effect . . .
How is taking SOCIAL out of Social Media a smart business model ! ! !
Good points, thanks!
If people cannot upvote often then what is the point of upvoting at all. I personally will only upvote whatever I find between 9 Am and 10 Am EST. This will allow me to vote for maybe 25 posts, but it will not allow me to have votes for new people on the platform.
Steemit rewards one thing, steemit rewards the number of follows you have. You could easily prove it . . . Have the popular people who publish regular high quality content, have these people names made invisible to their feed follows.
These people upvotes will go from example 99 upvotes down to 6 upvotes. People find their groups and associates via their feed and upvote the steems they like. If I have no useful upvotes for a new person to the platform who has almost no follows that person will not stay on Steemit.
Unless we recognize and reward new users then they will leave quickly and just tell everyone they ever meet how stupid Steemit is. Since voting is worthless why does it even exist if people can do nothing useful with voting ! ! !
I posted about the importance of a recognize button and no one even opened the page : (
Just a tiny minnow small whisper . . .
Thanks, I too mentioned before with the addition of the feed "feature", that would hamstring new users and end the search to expand by following others that you are not exposed to by some other ways... especially when some people here consider links in comments/replies as spam, where is the flow? How do we connect? Where do we get exposure?
Oh the benevolent "money pit" of paying to "promote". The cost to be noticed is too high and requires not buying into Steem Power, limiting investment incentives for the sake of liquidity.
And there is real possibility of loss for content creators as @williambanks mentioned.
I used a formula for 25% votes to upscale my own posts, comments ; 25 % for quality useful , 25% to the follows and 25% for new content . . .
Now with the new changes there is no point in even voting almost ; sorry I cannot upvote your great comment but with one vote per five hours , I cannot risk upvoting and then being unable to vote on some stellar comment in find in 3 hours time . . .
Once I can no longer upvote my feed I am not sure what the use of followers will be since unless I can comment on all my followers posts over time they will simply do some housecleaning and remove me from their feeds.
There must be something I am clearly not understand in these voting changes , so maybe I am missing something ; but if I am you can be sure new people herein will not hang around to work it out if they feel little toward the Steemit platform.
They will leave ! ! !
You comments make sense to me... we will see.
This is 100% correct. Hopefully they are completely rethinking this voting thing. If it went through as planed I realized my time on Steemit was probably over.
Right...
great post! very insightful
Thanks