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RE: Hardfork 21 is HAPPENING. What will change?
First of all, this is a great opportunity for people to start manually curating the way in which they believe it ought to be done. No more excuses that delegating to bid bots is too much more lucrative. We're all so lucky to be the first people ever with the power to influence and incentivize the behaviors and development that we want to see in the future social web. Let's build that shit together instead of quarreling over "rewards" that don't mean anything else than dilution + lowered STEEM price unless we use it to create something others find worth joining.
This is a great opportunity to sell your free downvotes if you never plan on using them and to use bid bots to make sure all rewards are 20+ SP so you don't get cheated.
Hopefully, the stakeholders that have stayed with Steem through the bear market understands that min-maxing returns from selling down/up-votes doesn't result in profit, but a decrease in the value of their holdings. Let's change that.
@edicted is making a point that is logical. The reality is that most people's posts don't get anywhere near 20 STEEM without bidbots. That's just a cold hard reality. This change is making bidbots more necessary for content producers.
It wasn't always like this. Hardly anyone reaches that level because so much stake is bound up in bid bots. If we can return much of that SP to manually curate content and also build a new culture where people vote to bring value to Steem then it is absolutely possible for more creators to start earning those levels of rewards once again.
No the cold hard reality is that new people will loose interest before they even know how it all works. What they should have done is make post with higher value on it reduce the gain. And those with lower votes gain more. That is logic. Now they are kissing up to high sp people.
We can't know this until we've seen how things play out. But I agree that it is a fair concern that smaller users, communities, and comments in general may suffer.
However, stakeholders can choose to avoid this if they want. We for instance build our curation system on @steempress to add support behind a large number of curation projects. So that smaller users who write original content and get engagement from others can quite easily reach 20 Steem in total post rewards.
Speaking for Steem in general, a lot rests on the assumption that a significant amount of the stake currently delegated to bid bots will go back towards manual curation, as well as downvotes returning rewards from vote farmers to proper users.
Like you said before nearly no one earns 20$ on their posts at the moment. The only people that do are those with either a big pocket or a big following. They will be earning more. But to be frank it is not those people that need to stay around to make a "SOCIAL" network. It are the small people that make or break a big system like steem. We have seen a decline in activity for months now. Because the small people don't interact anymore. Everyone is scrounging to get ever last bit of steem. And what do the devs do? Make shure the small people earn even less while the big whales earn more .... ?
@zoef, thanks God there's someone that says that the king is naked. I am curious to see the curation level when what will remain is just a bunch of whales'posts on whose quality and intrinsic interest allow me to doubt. At this point, mass adoption is a utopia. Surely this is going create another disincentive for content creators: why should they write quality posts when their time and effort is worth nothing? Why someone new should feel curious and attracted by Steemit? Probably, this is just not the place where to find interesting contents (interesting per se, aka something that anyone steemian or not would come and read). So what place is this? Let's stop being delusional high there: time is passing and scaling/broad adoption is not happening.
The break even mentioned in the post is 20 STEEM, not $20. (It is also not a hard barrier; at 15 STEEM or 10 STEEM, or 30 for that matter, the difference is still pretty small).
20 STEEM = $3.60 currently.
@fredrikaa I think this upgrade is based on wishes how we all want it to be, but it's also based on 0% reality. You who were working on upgrade, should have known better by now
Im sorry, but I had very little say in the changes to the curation system. I fear this can negatively affect smaller users and communities as well as engagement due to comments being less attractive to hand out smaller votes to.
Why would they want to choose to avoid this if they didn't want to choose to avoid this so far?
Ah! that's the KEY question here. If they choooose to avoid 'this' if they want!! eh?
C'mon @fredrikaa. Please, start reading another kind of stuff. :)
Well, the whole point of the fork is to try to align incentives better for content cautious curation instead of the system we have now where holders seem to earn more STEEM by voting whoever wants to pay the most for a vote with no real risk of being downvoted. That could change.
I mean we are a SOCIAL NETWORK.. So why not use our voices for things we believe in instead of just making money.. I see arguments for both sides, but I like to personally upvote posts because some people post things I like and sometimes they post things I don't so.. I guess it's like voting.. You have a voice and it's up to you to use it.
I think if people on Steem just voted what they actually liked, it would result in everyone - especially those holding Steem Power - earning more money. Curation rewards and bid bot returns are not "profits" if you're a stakeholder, because it comes from inflation that dilutes your assets. To make real money is to increase the value of the token.
Yes to increase the value of the token is much bette rthan blogging and when we get bloggers to focus on posting about steem OUTSIDE of steem on twitter and youtube reddit etc we can bring in bitcoin holders to invest LARGE bags in steem I MEAN LARGE bags
but yeah its sad to realize that so many people would have a completely different outlook if someone early on at steemit inchad just set up a wolf of wallstreet style marketing dept that pulled in users to an inner circle to see how many new investors one single highly motivated individual could bring in and then TASK that work out to thousands of users... the blokchain is about to undergo things like thsi with TASK token and CAPTCHA and @steenm.ninja INV invite token and its possible distribution via @banjo discord bot for onboarding but we need @steemit @steem @elipowell to check out the work of inertia and maybe fund it to get a massive network of discord steembots issuing steem accounts but EVEN WITHOUT steemit incs help it will happen on its own thats the exciting part. steem is going to start working on its own in a free market way that will show off what steem is truley capable off , all the demand steem can drive froim tribes and steem engine trading and much more.
Really Sherlock? and how do you propose to convince some Indian or African or South-East Asian of whom there are many here that they should save their Steem instead of using their reward to improve their lives ever so slightly?
What the heck does Nationality or race have anything to do with this? Steem has never depended on anyone but a few wealthy whales (From all around the world) to find its true price, and there is no need to keep users that need convincing. They can sell if they want now and waste their steem on a few dollars of food , when they could have held their savings. You arent supposed to cash out of your stock market savings portfolio just because the prices are low :)
Your argument really came out of left field and it feels like youre actually upset about something else, and I understand the concern for steemians in developing countries but they shouldnt deserve and dont want special treatment. They knew what they were getting into, and many of us dont look a gift horse in the mouth.
Many of these people you refrence got a lot of steem for free and if they did buy it, they can wait the market out like everyone else for steem to find a bottom. There arent that many whales who even own very much steem so the bottom is bound to be somewhere near 7 to 10 cents where a few other whales I know got in (They wont want others to get in) So tell the people in developing nations to place their buy orders very low, maybe then they can become whales on steem and if and when we go back to $ to $8 range this will all have been worth it. or it can go down as far as people are willing to sell it to, but there isnt an infinite supply and it cant get too cheap without certain whales being unable to control their urge to buy millions of steem at less than 10 cents ... etc etc
Exactly.
You left out the important of "if you're a stakeholder".
My point was to make it clear that curation rewards and bid bot returns are not "profits" to someone who has bought Steem. Because those tokens dilute their existing stake at the same time. So if you want to get more wealthy as someone holding Steem, your focus should be on what you can do to increase the value of the tokens that you have.
So nothing you wrote made any sense in the full context of what I said.
Not everyone who has bought Steem has done so as an investment. Some have simply bought it as 'pay to play' to increase their enjoyment of the platform.
Always the talk of is of investment and ROI but this is not everyone's primary motive for being here.
Everyone who has 'invested' time here is also a stakeholder. It is still an unlevel playing field designed to exponentially help those with more financial wealth than those without. Exact the people Blockchain technology would benefit the most.
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My sentiments exactly, @nathen007.
I think both social and business are being harnessed here! Isn't it a win win synergy??
Why not both?
I read and upvote many articles. If my vote is worth 0.01 now, it will be worth 0.02 after. That's NOT going to change my voting or curation behaviour one iota.
Rewards mean a great deal to many people here.....not you, of course, you're living the first world dream which is great but there are people here from all over the globe, so try and use a global context to the discussion instead of your simple, rose-tinted first-world perspective.
So you will be withdrawing your delegation to OCDB then from which you make a tidy sum each day?
My comment here is mostly addressing the opportunity to get the tens of millions of SP currently delegated to bidbots to be used to curate to create a web that we want, and the potential impact that can have.
If you want to be taken seriously, then make arguments based on the content of what is said and not the identity of the person saying it. Anyone can earn Steem and become a significant stakeholder here. So the comment does apply to anyone anywhere.
That's my plan. Although ocdb is not like other bid bots since it provides good content creators added opportunity to earn mroe Steem.
Good content creators . Again good depends on your starting definition.
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I hope so.