Did you know your posts can't give you money after awhile? We should really talk about this.
So after reading this post, I discovered something about Steemit's reward system that I didn't realize before. Apparently, after a certain period of time, your post will no longer generate Steem payouts even if they receive upvotes. The current cutoff time is about 48 hours, and the incoming change will allow rewards to apply for up to 30 days. I didn't know about this until now, and neither did a lot of my Steemit loving friends. But now that we know I must ask - why?
Is there a technical reason that a cutoff must exist? Otherwise I can't see why ending rewards for content helps the platform or its users. In fact, it seems to me that disabling rewards after such a short period of time only punishes people for creating quality content that could stand the test of time. Not only do you need to get noticed by a whale to get any kind of reward, you must get noticed by one within a short period of time in the stampede of new and trending content. Even if something awesome is discovered months down the road, a whale couldn't reward you even if they wanted to. Shouldn't we be concerned about the kind of content this is going to encourage, and discourage?
Users can certainly adapt and focus on creating here-and-now posts. But what I have a hard time understanding is why there needs to be a financial incentive for flash-in-the-pan content over other types. Why shouldn't users promote things they've done in the past? Why shouldn't curators be rewarded for discovering gems from months ago? Why shouldn't a whale be allowed to reward that undiscovered piece of awesome from last year?
If I am incorrect in how this system works, by all means let me know. But if I'm correct, can we get an explanation for why this must be, and if not can we discuss and consider a change?
great post heres my post
https://steemit.com/money/@ph111p/introducing-your-kids-to-blockchain-with-a-piggy-bank
Great question. I have the same concern. If you create quality content and keep it updated, the platform and the reader wins. You can bring in organic traffic from the search engines and outside referrals, indefinitely.
But if you can't keep getting paid for that quality content, you're destroying the incentive to create quality content in the first place. You're going to have a race to the bottom to create the largest number of low-quality posts of only immediate, and not lasting, impact.
Given that this platform is more like Medium than Reddit or Facebook, this is a question that merits further study and discussion.
Imagine a Steemit full of the highest-quality, unique, long-form content that is regularly updated, that ranks highest in the search engines for a range of terms and that people are organically linking to. That's an online endpoint that will bring new people and investment in over and over again.
That's got to be worth more than yesterday's recycled memes.
Love this community!
Yea what's up with that? Can the community vote this? Or can Steemit be more transparent about it's reasoning?
This is coming up after the new hard fork I believe. It will only allow people to really earn money on 4 posts a day which is actually a decent amount, to avoid spam. It says "comments" but they really just mean posts.
It's okay if they block editing after some time and if they really leave the upvote/"payment" option open that would be great! I imagine there are a lot of people that accumulate quite the archive and will later in time have people going through one post after another.
Otherwise I would see Steemit become full of reposts and news.
The rewards should never end. Hit and run type "news" posts should not be encouraged and the ending of rewards after a period of time encourages these types of post. Archives are great things and people should be encouraged to search through archives and find jewels, rewards them, and bring them back to life. I like the idea of limiting a person to posting four rewardable stories a day. It cuts down on spam posts.
I see it in the same way, rewards should never end! Why should someone write i.e. a movie review and post it on steemit, if he/she will only get rewarded for 30 days? The movie will exist forever and so should the rewarding for a review of it.
Agreed. Its no different than royalties in other business platforms. Besides, I just don't see the 'why' behind it. What difference does it make if old posts can keep getting rewards?
Wow, didn't realize so many people felt the same way. I was curious myself. I assume they have a good reason, but I wouldn't even mind if we got a greatly diminished amount. If an old post is benefiting the system, why shouldn't the creator get a little something something?
body pruned due to size