Steem wising up to become the hub of best content - The next evolutional step from delegation and bid bots
Wise brings anyone the tools to empower great content curation without losing control of funds.
The Problem
Everyday we have the same problem: How do we find and reward the best possible content on the chain? What makes the task even harder is the fact that majority of the SP is being held by the few rather than the many. This is why delegation was a important evolution for for Steem but it had it shortcomings, mainly the issue being lack of control and no rewards for delegater.
With delegation there is no control on who the delegatee can vote on, how many times, on what tags and so on. You get the point.
Whales and orcas also want return for their investment, plain vanilla delegation however does not give any of that but lucky for them bid bots were introduced. A next evolution for Steem. This enabled high SP accounts to sell their votes without any effort and has seen a great adoption among Steemers (Around 11.11% of all available SP is available through bid bots). Thanks to this new direction of Steem, majority of trending posts in top 20 are there thanks to bid bots every day.
So when trending should be the showroom for the best available content for consumption in Steem, we rather have sold it to highest bidders. Meanwhile Steem is having huge issues with retention and has bad reputation.
Solution
Wise enables you to give people access to your votes with rules set by you to ensure your voting power isn't abused.
For example I personally could give @melooo182, who I know is great at curating art content this kind of access to my votes:
- one 20% vote a day
- required tags: art
- can't vote on accounts: melooo182
- can't use for flagging
The steem power would still be in my wallet, I would still receive curation rewards from the vote melooo casts and I would keep control. Simple as that.
What would Steem look like as a content hub when we see high amounts of SP in the hands of proven curators who are experts in the fields they curate? I know we're using "bitcoin is going down and so must Steem" as excuse for bad performance in almost any metric but it doesn't mean we can't make Steem stand on its own and make people want to use it. For that to happen though...
We need Steem to wise up
We all want Steem and the apps built upon it to compete with the likes of Instagram, Youtube and Twitch. It won't happen with the current trajectory we're on but with wise being adopted by the whales and orcas, it just might.
Future routes
Find the best content creators on the chain, reward them to keep them here, enjoy the fruits of success that comes with it. Or just let your votes continue being bought or used for the same people day in and day out and wonder why Steem is performing so bad even though we are paying for content creators for their work.
Sources:
https://steemit.com/steemit/@themarkymark/how-much-sp-in-tied-up-in-bid-bots
Edit: it seems that of all the active Steem power that is used for voting bid bots account for about 22% instead of 11.1%. So almost 1/4 is used for vote buying or should I say "pay me and I vote for you" - kind of services. Did I hear "Proof of brain" somewhere?
Hello @igster you probably already know but in the past few days Steemgario seems to be having some lag issues and on some matches there's no rewards, is this anything that can be fixed? Thanks.
Due to decrease in community support the server had to be downgraded which is the reason of poor performance. All we can hope for is to Steem to boom in price or see more support for it.
Hey @igster thanks for the reply much appreciated as people were lost to what was happening, big shame about the sudden lack of support how odd, its sad because this project really is amazing, its going to be tough to recover with poor performance but I will upvote where I can.
No worries, it's up to the Steem blockchain now to success, that'll raise the funding automatically of Steemgar but it'll need to be a hefty increase.
I'm sure there'll be more interactive and good games utilizing Steem somehow eventually.
upvotes bots may be good for the investor but for a content creators its waste, buy some plan earn 20% for your investment but not reaching the right audience is not for content creators, bots need to evolve where they can promote the content in a right platform, there are so many good content creators who are not been able to reach the audience, WIse sounds perfect to encourage, the next generation of artist.
The problem is, those who contribute great content shouldn't need to use their own money to promote posts just to be seen. Instead Wise enables us to create a system that finds these great people, who just being here increase the value of the whole blockchain as they will bring more eye pairs than any bought advertisement post will.
Wise indeed gives me a lot of hope for the future of Steem but action needs to be taken by those who control majority of the stake in Steem power as they hold the true power.
the ones who control, first rules for them is how profit they get for their time and investment, so making them do something for a social cause is very difficult, hope they get attracted to Wise and understand the logic behind Wise and build a wiser community where equality is really equal.
Well it's not really about equality, it is more about giving the Steem power to hands of those who do great at curating content. Whales and orcas will still receive curation rewards and in long term their millions of steem will be far more valuable when Steem gets adopted in a huge way, but yes, changing the current behavior can be hard but I hope it can happen eventually.
Congratulations @igster! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - France vs Belgium
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
Congratulations @igster! You have received a personal award!
Click on the badge to view your Board of Honor.
Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Semi Finals - Day 1
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes
Congratulations @igster! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
Do not miss the last post from @steemitboard:
SteemitBoard and the Veterans on Steemit - The First Community Badge.
Cool! thanks for mentioning me and my art curation as example 😉👍🎨
Do I have to do anything else to get your votes when curating art?
I looks very much like the curation trails of steemauto but with some extra rules
I'm looking into it right now, I'll let you know
Congratulations @igster! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - The results, the winners and the prizes
@igster you were flagged by a worthless gang of trolls, so, I gave you an upvote to counteract it! Enjoy!!
Congratulations @igster! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
Congratulations @igster! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP