You are viewing a single comment's thread from:
RE: Why I am negative to "WhaleShares" and believe it will be another "RewardPool-RAPE" for #STEEM.
If the devs still haven't fixed the fundamental problems in the past year, you can expect initiatives like this. If the devs aren't doing anything, someone has to. For fuck sakes @ned, fix the algorithms so everyone is treated fairy on SteemIt and people can ACTUALLY curate and get rewarded and rated properly.
Steady as she goes
-HF 19 - Linear Post Allocation Curve - https://steemit.com/steem/@steemitblog/2hfxx1-pre-release-hf19-linear-rewards
-HF 20 - ANN proposal coming soon
-CBTs (Community Building Tokens) - https://steemit.com/community-tokens/@fyrstikken/ned-scott-ceo-of-steemit-inc-have-a-40-minute-conversation-with-the-steemspeak-com-community more on this soon.
@ned but linear rewards is only a very small step in the right direction, unless i'm misunderstanding the article. It's of course still better than it is now so that's good! Anyway, the rewards are only 1 of a few other basic problems with the algorithms. They all need to be tweaked so they all work together, right now content isn't curated properly, people don't get penalized for curating improperly (upvoting bad content, downvoting good content and sheep behavior for example), the reputation system is just a popularity system and it makes very little sense to allow voting from the first second of publication without giving the curators the opportunity to read the content at their own speed.
great concerns Calamus! I'm with you. One question though, how exactly would one "penalize for curating improperly"...seems like it would be a tricky thing to implement. If you upvote someone that doesn't reach a certain threshold of additional upvotes, then it's judged to be 'bad content'?
If upvotes are the mechanism through which we can algorithmically judge the 'quality' of content, how does one measure good or bad quality in any other way? Seems like a good problem to me. Also... I think there's a real question at hand here...If there is value in upvotes, how can we possibly prevent people from acting as dollar maximizers? I'm not sure we can. Ultimately, we all have some aspect of power from our own votes and words...
hmm @abit would you mind sharing your reason of flagging @ned's comment?
experiment. it's an auto downvote due to the amount of rshares coming from fyrstikkens vote
Ohhh right i read about that actually.
Thanks for the updates @ned - many are hysterical on here but fail to realise we are still in Beta mode. I myself have probed the underbelly of Steemit today in my Daily Dose, but that is the role of philosophy: to destroy our idols. Not in they way you might think, but to make us stronger in the long term so our Alpha game is never found lacking!! ... Steady as she goes @ned ... blue skies ahead :)
I'm just a minnow, a content creator coming from YT and FB in May, and Abit is downvoting my content. What's the point of that? He says its just business and no hard feelings. WHAT?? Most of my followers are not whales! It ruins my ambition.
@mericanhomestead i think @abit is doing an experiment where he downvotes other whales that blindly vote for content or something. So it doesn't mean your content isn't good, it's just a statement. I don't know the exact details but i believe he posted about it a few months ago.
P.S.: you already had a following before you came on SteemIt, imagine how 99% of the SteemIt users feel when they work hard and never earn more than $0.10 for hours of hard work. Most people have it way worse than you even.
Hey, it's got nothing to do with me either :)
That is awesome @ned! Looking forward to it!
this is fantastic @ned . Did not know about the tokens
Tell me how the tokens fix all the problems? :)
Don't know. We wait and see how it will roll out. then we apply criticism if needed. I applaud the effort though now.
I curate and am getting rewarded just fine.
yeah, me too - curating and doing it just fine - no need to pay me for an upvote.
You're not in the group with the problematic experience, you're in the top 0.5% or something :)
@fyrstikken mentioned connections amongst other things help with upvotes and ofcourse sp too etc. So give it time! Everyone is CEO of steemit!
Lol there's only 1 CEO. But that reminds me of the roadmap they released, i think they said they will probably allow us to vote on changing blockchain settings and such, that will be cool.
hahaha, that is where it becomes obvious that you have not learned enough yet! You look at concepts, vision more than outright words! roadmap is theory! There principles and concepts. In my eyes, you are a whale even! Depends on how you see yourself. In reality, there are no titles. You have small bank or steemit wallet, you have a reputable community of great minds, and a ton of information, plus a blockchain, what esle do you need to start your own company or empire? we are on fyrstikken post and oh see how he has built his own, and if one doesn't have the means to money-wise but you have a vision, you can team up with likeminded people and create a movement aligned with a vision! Hahahaha, you are a ceo on steemit! with time, you will see this!
Of course i look at concepts, i'm a programmer, that's what interests me, creating complex revolutionary systems. I'm less interested in money, marketing and such.
As a programmer you are even way ahead of the likes of us! Discuss with the developers, become a witness,, build new apps etc
LMFAO you have 1.3 MILLION SP, most people have under a 100. I hope you were trolling ;)
Exactly. That's why I purchased that amount of SP. SP in a way is like hash power.
SP: "Influence tokens which give you more control over post payouts and allow you to earn on curation rewards."
@johalfiles There are times when I wish I could go back in time and buy a ton of steem. Now, Im simply powering up as much as possible with the payouts on my articles. Curation rewards are pretty decent and its good to remain powered up. I've been buying steem at nearly every lows since being hospitalized during the dumps I missed the chance. Hoping the price doesnt rise quickly so there's ample time for greater steem distribution.
With great power comes great responsibility lol
This is true @timsaid. Uncle Ben said it best.
Yeah i understand. Maybe we first need millions of users and much more liquidity before we can come to any reasonable conclusion, but right now it feels like content creators are way too dependent on large SP holders.
Possibly. I agree to some extent there brother. Time will tell. Also a higher price of steem may cause a different factor in this as well...not sure.
That's what i mean with too early, the price of STEEM is so low right now that whales aren't selling to even out the distribution.
As the price of steem rises though the distribution gets worse. As a net percentage it won't change just due to price, but the amount of fiat that separates the 1% of people that own 90% of steem will make it harder to level that playing field.
Hmm good point, so SteemIt is more of the same then. Just like the world we try to leave behind, on SteemIt the 1% own 99% of the power and there's nothing we can do against it.
Huh? Now that is good info. I'm new to all this and little bits here and there such as this are "GOLDEN". About SP being like hash power. Thanks "thejohalfiles
Well said.