RE: Top 21 Steem Witnesses ~ HardFork 21

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RE: Top 21 Steem Witnesses ~ HardFork 21

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novacadian (59)in #witness • 7 years ago

My comment has a bit of Devil"s Advocate about it so please take it as another point of view and in no way is it meant to be derogatory to other opinions on this thread.

First off... to me STEEM is a wonderful evolving experiment. It is a leader in its unique genre of blockchain technology. In that regard any change is not etched in stone. In my time here, for example, self voting was introduced. It was then removed and re-introduced over a series of Hard Forks. So if something does not work it can be changed again. The sky never needs to fall in an Open Source Project if we can be open to change and experimentation.

For what it is worth, the best aurgument presented to me for the reward adjustments is that it will make curation more profitable than delegating to bots. Any attempt to undercut bots is ok with me.

Secondly, STEEM's Blockchain has grown and evolved to show itself to be more than a ledger for bloggers. It is now a ledger for many thing above and beyond a blogging platform... from game data (Drug Wars, NEXTColony, etc.) to 3D graphics (dlux-io). This will only grow in my opinion with the blogging data on the blockchain sharing more and more of it to other dApps.

Thirdly, allow me to present a hypothetical evolution of this project now that Condenser can handle ads. Imagine that the community focuses on one of the greatests strengths of the blogging aspect of the blockchain, that being the immutable content aspect. With the de-platforming underway on Corporate social media platforms, should they find a welcoming community here they will come. Such highly followed content creators will bring eyes to the Chain and ad revenue in the process.

Imagine in some future Hard Fork that ad revenues are shared with active users using the same code that presently distributes inflationary tokens (currently at around 2.5% of ones stake). With such a setup then we could see our stake more like shares and the number of users is not so great an issue. We should never have a business model who's goal is to replace Facebook and compare success of the blockchain by the number of active accounts in my opinion. We should be thinking outside of the ZuckerBox. SteemMonsters is one example of an aspect of the blockchain which is outside of that box. We should encourage more.

To finalize allow me to remind you that Communities are on the way. This will be soo empowering that, coupled with SMTs, one can run things the way that community wants.

We have only just begun, in my opinion.

Steem On!!! 😎

7 years ago in #witness by novacadian (59)

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snook (70) 7 years ago (edited)

I agree there is huge potential in the steem blockchain that we have not ever thought of and I know of a few projects that are already being implemented using steem as it's ledger where people don't even have to learn about steem to use it...... smart on their part that thought of it.

I also think communities and SMT's are the key.......but with each hardfork, we don't get SMT's or communities. The communities are hidden in Discord which doesn't make any sense to me if as you state they are where we will grow.

so to me, the priorities are a tad backward on what is important and the order in which it is being done. I am not going anywhere but it felt good to voice my frustrations in that video. Something I rarely, if ever, do. Sometimes you need to get the negative out so you don't wallow in it and leave.

Steem IS my happy place. I want others to have the same experience here. It's a place that gave me the freedom at zero monetary cost, but a freaking ton of my time, to find my real voice and not be afraid to use it. I have never powered down and don't plan on it.

yet

I see people like me.....soon not able to do what I have done......Call it what you will......Steem being free is the only reason I could afford to spend the time I did to learn so much...... I see that going by the wayside and THAT makes me sad and upset.

I admit and have before, I was very lucky to get here close to two years ago where I could post and comment as much as I wanted to. New people, using certain frontends, don't have that luxury. Again something that upsets me.

Do I think you should power up most of what you make? for me yes, I like having a larger say and a larger way of helping people.......but at some point, I will need my investment of time to pay off. Not tomorrow but not in 20 years either......

Thank you for your comment and the tone that is yours when writing on touchy subjects!!

$0.03

2 votes

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novacadian (59) 7 years ago

... the priorities are a tad backward ...

No question. Not only backwards but behind schedule.

... it felt good to voice my frustrations ...

Kudos to you for opening up this dialogue. There is no better time to voice one's opinion. Perhaps tagging all top 20 witnesses that currently have your support would be a good idea so as to broaden the discussion.

$0.02

1 vote

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snook (70) 7 years ago (edited)

@guiltyparties, @timcliff, @someguy123, @themarkymark, @thecryptodrive, @followbtcnews, @drakos, @stoodkev, @arcange, @nextgencrypto, @patrice, @c0ff33a, @ura-soul, @ats-witness, @quochuy, @pjau, and @castellano. I would love to hear your thoughts. I know my vote is small but I still vote for all of you.

$0.17

3 votes

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ura-soul (75) 7 years ago

I have been very busy writing code for the last few months - to integrate Steem into https://www.ureka.org - so I am not able to keep up with all the discussions as much as usual. This post seems to be based on the idea that switching to a 50/50 curator/author split will only result in benefits for investors - is that accurate?
I have already replied to someone else on this recently and it was quite a long response - because the system has so many facets.
In short, there are several relevant points:

Steem hasn't exploded as some thought it would (partially imo because of slow development and zero marketing). The inflationary process that creates rewards means that author payouts come directly from the pockets of investors and from nowhere else. Authors expect to be paid, but that is a relatively new thing for the web - most platforms pay nothing. Authors need to remember that without investment there is nothing to pay them, period. Therefore, making improvements for investors is something that also helps authors.
Investors currently have no choice but to make a lot of posts or lose the value of their tokens. By improving curation rewards, the investors have ways of getting an ROI that doesn't involve having to endlessly invent meaningless things to post about. That is a good thing for the platform and for PROOF OF BRAIN.
Steem is based on proof of brain. If it doesn't work, then one of the main selling points is gone. Improving curation rewards 'could' improve the chances of proof of brain working again.
I agree that there is no guarantee that any of the claimed benefits of HF 21 will actually produce the intended results. It would be great to test them in advance, but that is not a simple thing to do. I would probably have pushed to have community features coded up first, so that we can then test out different curation/author splits in sub communities - solving many problems at once. But I am not a top 20 witness and not many people listen to me currently.
Steem is an evolving experiment. If the changes turn out to be terrible, then they can be reversed or improved.

There are many other things to be said, but I think maybe this covers the key points in this post. I am happy to respond to any questions/comments. Cheers!

$0.11

2 votes

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snook (70) 7 years ago (edited)

I agree that there is no guarantee that any of the claimed benefits of HF 21 will actually produce the intended results. It would be great to test them in advance, but that is not a simple thing to do. I would probably have pushed to have community features coded up first, so that we can then test out different curation/author splits in sub-communities - solving many problems at once. But I am not a top 20 witness and not many people listen to me currently.

First Thank You for answering. 2nd. your 4th point I SO agree with!!!!!! This is the part that really makes no sense to me. You put my thoughts into a perfect explanation. Thank YOU for that!

Good Luck and much speed on your coding!

$0.07

3 votes

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ura-soul (75) 7 years ago

Thanks!

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pjau (63) 7 years ago

I've wanted communities since I first heard about it early last year, it should have been top of the list of things to be done in my opinion, fucking around with curation values is not going to solve the Steem problem.

$0.04

2 votes

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