RE: Do You Know What 'The Sweat Equity Principle' Is? || SMTs To Address One Of Steem's White Paper Promises
Thank you for mention!
Honestly, I first read White Paper a month or two ago. After several months of its active using, finally read and understand how it all works, it's like watching a story about filming your favorite moovie. Then, I was impressed by how cool Steem is in terms of organization and using the basis of human behavior. But later I noticed that it contains some contradictions, like those mentioned above: about the equal value in one hand and principle of the casino in another hand.
For some reason, those who invest money are more likely to win than those who invest only their labor in the form of posting and curation. How much time you did not spend on the curation, if you do not have money (= Power), you will get scanty curation rewards. See it? You need Time+Money
Whichever cool article you write, if you do not have the money to promote it (get to the trendind page using bid-bots), you will not get a broad audience. You need Talent+Time+Money
If you have money (Power), it's enough just to create a bid-bot and automatically get profit, supporting posts, regardless of their quality.
Money is enough.
Steemit is not fair, and it is also written in its White Paper, as an explanation to Zipf's law. "Everyone gets at least something" - this is just a concrete argument in any dispute about the fairness of the distribution of rewards.
Great comment, thank you for stopping by once more!
Do you think that we have an expectation management issue then? According to @paulag's statistics we only have a user retention of 12%. That's terribly bad. Do people join with expectations that are far away from reality, or why do we lose 88% of them after short time?
You ask interesting questions, that's why you see me here:-)
About statistics... Maybe. Probably something is wrong with the promo campaign. When people are told: "You can do here the same things as in other social networks, but you will be paid" people register and start doing the same things here, sharing other people's recipes, spreading funny pictures / quotes / memes. And then they are noticed by the Cheetah / Steemcleaners, they understand that it's hard to work on content and its promotion, that it's not just copy / paste for money.
Perhaps then they try to spread the original content, but they simply can not be seen behind a bunch of shit posts. I do not know about you, but it's hard for me to find something original and interesting in our "New". It will sound sad, but more often than not, my visit to New ends with catching cheaters. This may be the reason why many oldtimers are limited to voting only for people from the circle of their friends, without giving chance to beginners.
I'm not saying that everything is exactly so, it's just my opinion, as a person who spent some time here and looked around. I watched as some of my friends stop writing original stories and become shit-posters. Really, why do you need to work hard and waste a lot of time if, as a result, you get the same votes from Minnosupport, Busy, eSteem, Curator and 5-10 more random people. Due to unjustified expectations and lack of attention, even honest and talented bloggers can leave the platform.
But this can only be one of the reasons. When you analyze the level of adoption of a platform, do not forget about people who are purposefully creating accounts for fraudulent activities, such as post / comment farms, and then simply leave them after their scheme is uncovered and there is no more possibility to cheat with these accounts. One user can have 100-1000 accounts. You can ask Patrice how many names Dart has.
In addition, a large number of accounts are created for resale. They are simply created and waiting for their turn to be sold. Who wants to remain anonymous or unwilling to wait few weeks for confirmation, can buy it for only $ 10. Nearly 2,400 such accounts were created on one of the Russian sites as paid jobs. Yes, we lose a lot of accounts, and this is bad but not each of them is a real user.
Haha, I'm happy to hear that. Asking questions is one of my favourite hobbies :-)
It's definitely a communication issues. I believe that it's not only due to marketing claims but also to a lack of education during the onboarding process.
People join this place without having any idea about the rules of the game. I had weird conversations with users about copyright during the past weeks. Actually it annoyed me that much that I stopped doing it. Many many users don't even know what copyrights are. No kidding! There was a point in time when I thought: screw it, it's not gonna be my problem if major copyright claims are addressed to steemit.com and dtube.video.
Definitely. It has taken place and it will in the future, especially thinking about competitors like EOS that are just waiting to get their apps launched and invite frustrated ex-steemians to join.