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RE: Reminder, GrumpyCompliance in 7 days + Look who's buying votes on his 6 days old posts.
Thank you, I do support the 3.5 day policy and am generally against abusive upvote purchase. I am just wondering : what is the rationale to limit the payout period to only 7 days? After all, the post will then still stay on the steem blockchain forever. If an author writes a quality travel post and someone discovers it three years later via Google, it is still valuable. However, at that point, the author does not get any reward anymore. Doesn't this policy even encourage to post only content with a very short value lifespan? Why would I spend hours writing quality posts for steem of I only get a share of the value it creates in the first 7 days?
Maybe in the future some kind of SMT could be made as a way to give credit to those authors that make content with long lasting appeal. For now the reader can send a tip to the authors that never get recognition. You know? the ones that dont write about the flagging war.
This is a great answer. I was also thinking that the way ReSteeming works could be tinkered with. If I find a post from a year ago that is really good (and I do from time to time), what use is there to resteem it? I'm better off linking to the stale article in one of my posts instead. I can always manually send someone steem of steem dollars as thanks for an old post, but that system never works. There needs to be a way to automatically tip someone from your own steem when upvoting an old post. You're right though, SMT's will provide ways to do this automatically.
I imagine though that no matter what changes are made, there is always going to be someone waiting to exploit them. I'm excited and scared for SMTs for this reason, especially in conjunction with the new update allowing for instant account creation. But there's also good too, because no grumpycat can ever downvote a post to take away a SMT reward (yet), or earn thousands of dollars a day by creating artificial drama between two accounts owned by (quite likely) the same person, or two people who know each other in real life. I feel like these "knight in shining armor, come to take out the abusers" posts take a page from PT Barnum's handbook, attracting thousands of upvotes for a manufactured battle.
Apt! I need answers to this.
Agree with you on this point Sir. There is so much good information out there which will remain relevant for a long time like various guides or just interesting articles. It is a shame that thanking the author by pressing up vote button is pointless after 7 days period.
Because its a possibility that within the given 7 days period, some might still be able to find it and vote for it. It's for extended exposure of the content.
@juvyjabian i would focus on the benefits and problems on having rewards for good quality posts even after 7 days maybe with no time limit. One reason fo it ? Because at the end of the day my article on how to do x will be found on google even after years and be useful. I would suggest we discuss it on a new page if you guys want to
Thank you @digitalplayer you are of course absolutely right. Sorry to pull the discussion in another direction here. I opened a separate threat where we can discuss this issue: https://steemit.com/steem/@raci/does-the-7-day-payout-period-on-steem-still-make-sense
@digitalplayer this is a very good point. The value of good content doesn't decline with the age of a post. I never understood why the steemit founders set a time limit on rewards for posts. As for the voting bots, I thinkthey were inevitable. If you have whales and even witnesses with high SP upvoting their own posts and those of other whales and taking the majority of the reward pool, it's natural that regular people would develop bots with votes for sale to try and get a little of the rewards pool. The question is: with all of the whale voting, self-votes and paid votes, how will we know if content is any good based on vote count alone? We won't.
@ammonite You won twice in one comment with that one! Shucks I might just follow you for that comment!
Thank you @maneki-neko
You do know you are thanking someone that is actively taking thousands of dollars out of the reward pool for comments that say nothing more than "SBD correction" right?