If There's No Path for Minnows to Become Whales, Can Steemit Survive? 100% of this post goes to@markrmorrisjr to support #dolphinschool
I've been watching a beautiful project unfold this week, but as I have, I've also grown increasingly frustrated.
As a dad, I understand how hard it is to keep a goldfish alive. We do great with dogs, and cats, even a lizard, but the fish? Nope? 3,4 days tops. And the same thing is happening on steemit. It would seem we are content to feed the whales, while minnows and plankton are left to starve.
There are some people who seem to get it.
The #dolphinschool bootcamp project, started by @Markrmorrisjr is amazing!
With just a couple days promotion, he managed to gather 20 students, who've been fulfilling daily assignments for each of the five days and creating some really wonderful content.
They've gotten some really great response, in views and comments, people are overwhelmingly positive about it, but, here's the thing.
The project is getting very little support from us!
While some of the students have earned decent payouts, the project itself is getting triple the views and comments it gets votes! They haven't had a single decent payout on any of these posts, each of them with well over 2000 words of actionable tips and resources, while the same 5 or 6 accounts sit atop the trending column, day after day after day, buying hundreds of votes and drawing hundreds more for a few pennies in profits.
Meanwhile, what evergreen, usable content are they even producing? Sure, crypto news is interesting, but what value does it have once the market changes?
Crusaders like Bernie pick one or two targets, but no one is addressing the elephant in the room!
Without wide asset distribution steemit will fail!
Right now, 41% of the assets still belong to steemit inc. That's fine, they're capitalists and deserve to reap some reward from what they've built, but right below that, we're allowing the huge percentage of our rewards to go to a few, not just a few days, but nearly every day.
Meanwhile, we're losing 90% of new accounts almost as fast as they sign up
If you've ever wondered how the 1% became the 1% Steemit is showing us. The vast majority of users, rather than creating true community and building projects that will create true wealth among them and a circle of supporters, they "invest" in the biggest accounts.
It's just like the stock market. We seek fractional, short term gains, "sure thing" by selling votes through them, buying votes from them, renting them our SP and upvoting their posts for the curation rewards. Meanwhile the average post can't be getting more than 2 votes!
If we have 250K posts per day, and the record number of total transaction is 2 million in one day. That's 8 transactions for every post. But, that includes upvotes, follows, comments, resteems, transfers, the list goes on!
If upvotes count for 1/4 of all transactions (and I'm having a hard time believing that, when we can only cast 10 full power votes in a 24 hour period) that's 2 votes per post, while some accounts are taking 1000 a day and more!
No, I'm not suggesting an equal distribution of funds.
I don't believe in communism, or socialism, it makes everyone impoverished, but, if we don't support the plankton soon, it will be impossible for anyone outside of the inner circle to even BUY their way to a decent payout, due to the overwhelming resources being consolidated in the top accounts.
No, I'm not asking for redistribution of anything! Even voting power!
I'm asking for users to start supporting real talent, especially that talen that supports the beginners.
These new accounts start with such restricted SP that they cannot complete the assignments for #Dolphinschool without trouble. (two votes, two resteems, and a post on their own blog) when these are completed, some accounts don't have enough bandwidth to comment and upvote other students, even minimally.
So why does it matter? Just shut up, buy votes, sell yours and make money!
It matters because, the only way to correct the situation we are in now, is to change it now. It's not going to get any easier. The vote selling and buying and delegation leasing is a problem. Here's why.
- The steem mining integrity is undermined when subpar, or short term value content gets huge rewards!
- Quality content goes unrecognized and many quality users will leave, impoverishing our community
- 3rd world countries are where this can spread fastest, make the most difference and create a real position in the global market for steem.
- A wider user base, earning higher rewards is the best way to solidify steem and attract the investors that will raise the price.
A higher price of steem is the only way to increase the value of the prize pool!
If we don't get more cash value in the daily rewards pool soon, I predict that many mid level and lower level users will visit less often, creating even more disparity.
If you're in the top, you may think, oh, good more for me.
But even 100% of $0 is still zero. Crypto is not like other investments. What assets are there, other than the mining operation, which is the engine driving creation on the blockchain? So, here is what I'm asking.
Please, if you're a dolphin, or whale, curate your own votes!
Sure, selling your service to the highest bidder, may seem like smart business, an easy way to make money, but like I said, 100% of 0 is 0.
If I was a whale and hadn't been supporting the #dolphinschool 100%, I'd beach myself in shame after reading this!
The ideal solution here is a balance:
DON'T VOTE FOR CONTENT THAT YOU WOULDN'T BE PREPARED TO RESTEEM, AND THAT DOESN'T SUPPORT YOUR PRINCIPLES, INTERESTS & VIEWPOINTS!
I can offer the following guidance here, based on my recent investigation:
Thank you @steemgoblin for your holistic support of the true Steemit community, and @markrmorrisjr for the brilliant #dolphinschool!
100%*0=0!!
Do not bank on curation rewards. Voting is not a way to make money. Period. Go here https://steemviz.com/pendingpayouts look at any account you want, NO ONE MAKES THAT MUCH ON UPVOTES ANYWAY! Focus on building audience and producing good content.
Apologies, I shouldn't have used the word 'payout', I was assuming that high value payouts indicate users with the bigger accounts, which is wrong. What I was trying to suggest is voting with discernment to ensure support for all levels of user, as opposed to merely voting on posts that are are well written and interesting. Personally, I would vote on all your posts (and a few other users who have high value accounts) because I enjoy and appreciate the quality and content, but I realise now that I need to consciously spread my vote power to support users with smaller accounts whose posts I also enjoy and appreciate, so that they can grow in the community.
Perhaps multi emoji 'Likes' could be employed as seen on FB. One could then Upvote and/or Invest in the Post/Comment.
No, only vote on quality content, otherwise, you just divvy up the prize pool with no real purpose. The entire reason for it is to encourage quality content so that steem is based on a knowledge base filled with great art, information and stories. Your suggestion would merely encourage more mediocre content, creating the system we have now where trusted curators and bots are put into effect to upvote content that's not complete crap. I'm not saying don't vote someone with potential,but if they're just shitposting memes, they either need to add value, or go home.
Okey dokey, I'll make a note of this and try keep it hidden from my rebellious side.
That's what #dolphinschool is working on too, improving the content they offer, so that we CAN in good conscience, upvote them.
I'm am a participant in the #dolphinschool and you are totally right, the steemit system is not designed for the plankton to rise up in the chain
The Trending/new/hot system is obsolete, I really suffer to find content I would like to read. At least other social media recommend me content based on my recent likes/thumbs up. Here, the whales are the whole time on trending, the same 10 individuals in each category
But fuck it, I'm not going to surrender just because the system is designed just for the 0.5%, this is like real life but exaggerated, with patience and hard work we can get out of the bottom
You earned my follow
That was pretty fire, and that's the kind of thinking that will lift you out.
no, i don't think we should surrender either, I think we need to change hearts and minds!
how to go from plankton to whale
re invest all that you make into SP
when the opportunity presents itself
rent some SP for your account
(as much as you can)
if it was easy anyone could do it.
it's been done.
by whom? In the last five months, name one.
why do you say 'last five months'?
how quickly you accumulate SP is dependent on how hard you work
time is irrelvant.
How many posts have YOU made?
I've made over 26K (and comments)...since I've been here.
I'm making a good living...paid off all of my bills...and I've bought some toys.
a houseboat,( my retirement project) a new computer, and a tricycle
anyone can do it..all it takes is work
Wrong. (see above). You are conflating the luck of your success with hard work. I see by your account that you joined August of 2016, LONG before Zimbabwe sent cryto prices through the roof. believe it or not, the majority of users OP is referring to arrived here in December, left in January. These people did not have the fortune to arrive early like you did. Please do not try to make it seem like someone can enter this market at this point and achieve the same success as you.
you've convinced me.
I totally failed to take Zimbabwe into consideration..
how thoughtless of me...
Well, that's a good perspective on it. I respect what you're saying, but I still say, the eco system is decidedly harder to break into at this point.
you're flat wrong.
it's easier now that it ever has been.
It is easier for YOU, but it is not easier to get started, same prize pool almost dollar for dollar as end of summer 16, but 100x more users.
Ever play the game "King of the hill"? And you got to the hill when the game started and few players were involved. So few players were here early that most could fit at the top. Sure, you had to "climb" the hill. But now there are many more players, and you're telling me everyone can fit at the top?
you've convinced me.
you guys say you can't
you're right.
Nobody said we can't. Everit. The argument is that more personal curation and upvoting, instead of leasing out your SP and buying votes will lead to more sustainable growth, and higher returns. But, you got it figured out. Meanwhile, those new plankton, cannot post 20x a day and you still have yet to address that.
i've been here 4 weeks.. accumulated only $6 SP. Mostly derived from comments.
how do you rent steempower?
$6SP in only four weeks?
my payouts were .00001 for a long LONG time.
It took me two MONTHS to get that much
at 20 posts a day.
the way to rent SP is from Blocktrades when they put it up to rent again.
right now they don't have anymore to rent.
whatcha do..is keep pluggin away..
comments are GOOD.
if you can think it you can steemit..(post a lot...learn from doing)
when BlockTrades reopens for renting SP...buy some
(this is NOT investment advice..do what you wanna do...I'm just sayin)
then keep doing that for a while..
your SP will build very quickly.
I started same month as you, took me about a week to get my first $40 payout, was up to $16k SP in five months. It was MUCH easier in the beginning. And, with the limited SP a new account has, comments are not necessarily good, they run out after about two short posts and a half dozen comments, along with ten votes. You don't know.
my votes dont count for shits.. not even 0.01 and i still have 98% voting power
you should NEVER let your voting power get that high.
if it's above 80 at the end of the day (when You quit steemit for the night)
then you have been lax.
I always vote it down to seventy.
20% will regenerate in 24hrs...it's best to leave a cushion.
if you don't use it you loose it...why waste money?
if nothing else vote for yourself.
the more votes you make..the more SP you get...it's called curation..
it starts off tiny but builds.
nothing happens on Steemit that you don't MAKE happen.
but even at 100% it is $0.00... does it make sense to still vote?
First and foremost thanks to you and @markmorrisjr, the #dolphinschool challenge is doing really great, am a participant and honestly am enjoying every bit of it.
As for me I came to terms with the low pay-outs, as I work towards building a quality following and am getting one or two people appreciating my content and that motivates me. I will keep building on what I have going here and when I succeed I will repay it back to upcoming plankton (even now am trying to do that with the little I have)
I just hope a whale see's your post (they will definately), hope they will take action.
Great post @steemgoblin! I truly believe everything you've said because I continue to watch when a posting that 's only 30 words and because they buy it through bots get more payouts than those of us trying in the #dolphinschool to break out and make a name for ourselves.
I've noticed on many posts the views will be up high and the votes are low and then in other groups such as #20_votes_plus they'll have not even 10% the amount of views compared to their votes, which means it's being voted on without even being looked at. So sad.
Great post, sorry my power can't give you more than $0.01 but this deserves 100% upvote for sure.
Thanks, this is all I'm calling for. If we really read and engage, and the same people end up on top, the deserve to be there, but when the lower rung of the trending ladder is up over 200 votes and $100 in payout, wow, how do you get there without the $40 SBD to buy votes?
The voting without viewing sounds like something that could have a software solution, if both are tracked.
@novacadian Could be, I think like the article says many circles are just supporting those already on top and therefore they don't even read the content.
I am a minnow and working hard to grab the attention of whales to earn some good amount of support my education expenses. There should be an equal distribution definitely but minnows also need to work hard to earn their pie.
You didn't even read the post. here is a prime example of what @steemgoblin is talking about! You commented on something you didn't read, meanwhile others upvote things they don't read and read and comment on things they say are awesome, but they don't upvote. ENGAGE read it again, your comment has zero to do with this post.
Sometimes there is a language barrier too sir. I am not a native speaker so I may get it the other way.
Be that as it may, I didn't intend to say that anyone who doesn't work deserves reward.
@angelm is not a "sir" she is my very female wife. LOL Mother of eight, to be exact. HA!
I'd have to agree with @angelm, it kind of seems you didn't read my whole post. I'm not suggesting voting for anyone that doesn't work for it, just the fucking opposite.
Wow, some how this post revealed me some of the problems that I don't know about this platform. This is really educational for me.
i appreciate your blog dare thanks for sharing
Well here's hoping it gets some traction.
You're making a lot of sense...
thanks
I agree, I work hard on every post, I do one a day. You look at the trending, it's a couple of pasted charts and some text saying buy low sell high. It makes a thousand bucks. anyone could post that 20 times a day. Meanwhile minnows scrounge to get a couple bucks for a high quality creative post. My upvotes come from people like me or just a little bigger than myself. They work hard and post great content also, and I support them. What I wonder is why so much steem goes to info you can Google easily, and is outdated as soon as it's up. Is that really valuable for mining purposes? And what about all the creative original content created specifically for Steemit just sitting there making a buck or two or worse none at all? If I were a whale I would be looking for high quality content that is under exposed. Not charts that are garbage the next day. It's not hard, I find great content every day from minnows and plankton, I upvote it boom, they get a penny. You're just saying reinvest the profit where it belongs and it is healthier for the community, it's that simple. I get it, who wants to browse Steemit when you're sitting on your island sipping margaritas. It just seems to me it would be in the whales best interest to build a larger value base filled with superior content. Op is right, those creators are what will keep this platform viable. They need to see some reasonable growth, because if they are talented creators at some point they might as well go to a traditional medium to make money. Maybe rather than sell to the highest bidder a whale could find a few solid active minnows and delegate it to them so they can support solid content? Nothing sucks more than reading an amazing original story or watching a great video with .02 payout and then clicking trending and seeing a cut and paste job with 500.00. Or maybe that's just me. Great post by the way goblin.
work harder...Lately I've not been feeling well so I've ONLY posted eight times a day.
when I feel good I post 20 or more....and comment a lot (like now)
hint: most voting is done by bots...keep that in mind
hint2: most of the people who actually READ post have the attention span of a gnat.
(keep it short...)
hint 3: sturgeons law...so get cracking..to get to the 10% you got to get rid of the 90%
I could not agree with you more and this is one of the objectives I will shoot for when I become a dolphin or whale
Me too my friend, me too.