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RE: How to make profit on Steemit! [EN/FR] I AM NOT RESPONSIBLE OF PROFIT AXED PEOPLE ON STEEMIT.
Steemit was supposed to be a place where curators were financially incentivized to curate well, and creators to create well.
Now we have vote bots, which btw are specifically not allowed according to the white paper. Now everyone self-curates. How do you think this will end?
I think quality will keep dropping as long as the bots are used. Payouts will rise for a while, everyone will keep getting richer, until all the scammers and a lot of hopeful poor people are signed up, and all the artists have left... and that will be the end.
Correct. Artists wont last long in a land of bot self curation. Why waste time and energy here?
Bro this is not crypto it's like youtube look at the very begining it was only "artists" who made pennies with their videos. Then you got all marketing stuff etc to promote value on the click rate. So to speak your ideal of an internet full of teddy bears and cartoons isn't correct when you involve money, in any case. Sad truth.
Youtube is different, it's like fiat currency, centralized. Steemit started off decentralized, and with the stated goal of rewarding good content (see the white paper). Of course it's somewhat centralized now anyway due to high concentration of wealth, but still better than most corporations.
Youtube never had that goal, it was all "let's get rich off other people's work" from the start
I learned a stat where like 90% of Steem is held by less than 10% of the people. I cracked up because it parallels real life.
I agree.
Unfortunatly to many people trying to get rich quick on Crypto.
Ultimately this will only do damage to the space.
@stahlberg - you nailed it, I just posted about this very thing (no link). Steemit is broken. The decentralized nature is a wonderful idea, but now the algorithms have derailed and there's nobody around to fix them. Unless people vote honestly about the quality of the content there will be no steemit left before long because it'll be a useless wasteland with nothing but bots. People need to rid themselves the notion the upvoting and commenting on high-reputation posts is somehow better than posting on quality content. It's really unfortunate.
100% agreed.
Bots completely break the principles of good curation, and they're eventually going to kill the platform. Rather than being a social media platform, SteemIt is quickly becoming a platform whose best-selling content is more advice on how to make money on SteemIt.
That's not good for growth. Nobody outside of SteemIt cares about these articles, and anyone who wants to use the platform for anything outside of making money is going to be sorely disappointed.
I think the community really needs to take a step back, and look at what's good for their bank accounts versus what's good for the platform. Removing the bot industry and bringing back manual curation could do wonders for creating real content on the network. SteemIt could be hundreds of times bigger than it is if it can find appeal with a broad audience - But so far it's floundering in these efforts.
exactly. I was writing about this too! We need some good algorithms here. Actually it is finally a time to get over beta!
I don't care about money i have done mine. But to promote a post and create a community around some subjects (which you can see in my #presentation post) it all depends on why and what are you doing with these tools sure there is always some that will only see it profit wise, as in bitcoin as in eth or any crypto or market some are just here for quick money and that's sad but true..
Also i lost money in this bot promotion due to global marketcap down, that speaks for itself ;)
Yes but Bitcoin and Ethereum are crypto currencies who's value are open to the market for trading and profit making. Steemit on the other hand is a platform for content creators to provide unique content for others to enjoy and upvote based on quality. The Steem earnings are secondary.
I can create a post that is complete shite and then use a vote bot to get rewarded. As @stahlberg says, if this starts happening on a large scale then Steemit is finished as a platform.
There is a single guy posting 10 topics a day making 400$ on every one of them. Do you think OP boosting his posts for a few $ will destroy the platform more?
Of course not but if the main incentive by many here is to make as much money as possible then it will have a negative impact.
I have posted some crypto analysis articles but have made nothing from them, where as other articles which are all about pumping and dumping coins make loads of Steem. Says it all really.
Yeah i heard many people joing the pump and dumps make money and just upvote the guy for helping them.