RE: Opinion: Whales and the fairness of the new reward distribution
I believe that the hard fork with the new reward distribution will have several consequences in the long term:
- For Steem holders it has become more difficult to generate passive income by delegating to bid bots. Since their business is on it's way to beeing destroyed.
- To generate ROI for steem holders it has become necessary to curate or at least to take the time to select some authors and to set auto upvotes.
- People who were not "using" steem actively might sell their steem as a result. People who have a real interest in the system will grow because they believe in the curating effect. This might create a transition between old whales and new whales. I think that in a first phase it will result in further decrease in price of steem but later this tendency might get inversed when steem will be in the hands of the people who care.
Another effect of the Fork
When I look at people with little SP, I realised that there are fewer posts than in the past. With the new distribution curve their posts make very little income. If once they write a post that is upvoted by a whale, they then run the risk to be downvoted by the people that have discovered downvoting, because it has become free.
The amount of posts will decrease even further and I believe that only big SP holders will continue to post regularly. With the new reward curve, it's quite difficult to make a post reach the first USD in value. In addition it has also become much more difficult to make money from comments. When there is only one upvote on a comment this one looses a lot of value because of the reward curve.
So in the end I don't know whether all this is for the better. Especially when we think about onboarding new people...
The problem is not 50/50 but the new reward curve that is unfair. I blogged about it recently, bottom line, you need to make 20 STEEM per post to break even now.
What do you mean with "break even"? As an author you don't have costs.
Or do I understand something wrong?
"break even" is the point compared to the linear curve, where you are starting to earn equal or more than before: https://steempeak.com/hf21/@vikisecrets/the-new-reward-curve-is-unfair-and-harms-bloggers-and-commenters-earning-less-20-steem-per-post
Good point. Thanks!
Er meint damit, wenn er einen post schreibt,
und deine genannten Investoren ihm upvoten,
und die 20 Steem Marke nicht überschreitet,
dann sind die Investoren weg.
Weil ein post mehr rewards erhält wenn die 20 Steem Marke überschritten ist,
mehr rewards für den Investor bzw. die upgvotet haben! Ist dein post unter dieser 20 Steem Marke bekommst du noch weniger als vor dem HF21.
Das heißt ein kleiner Steem account der keinen großen Upvoter/Investor hat wird auch nie einen bekommen, da er die 20 Steem Marke nicht erreicht!
lg 🤠
Ps.: Dein Wort in Steemians Ohr, das sich Investoren sich dem Aufwenden von Zeit zum Finden, Prüfen und Bewerten von Content widmen.
ich jedenfalls hab noch keinen kennengelernt! Denn ein solcher Verkauft seine SP oder Votingpower, und hat null Arbeit damit, aber beste Rendite als jeder andere Autor, der mehrer Stunden pro post verbringt!
Danke für Deine Erklärung!
Das hinsichtlich der "besten Rendite" sehe ich anders. In Steem-Einheiten gedacht hat der Investor eine Rendite. Da der Steempreis aber seit langem fällt, hat der Investor Verluste. Sein Gewinn an Steems gleicht das nicht aus. Das meine ich damit, dass jeder Investor Risiken eingeht und damit insgesamt einen Mehrwert für unser Netzwerk bringt. Aber ja, hoffen wir, dass viele zu Kuratoren werden. :-)
I totally agree with you. A small accounts upvote is worth even much less because of it.
From your mouth to God's ear...
E-X-A-C-T-L-Y-! Negativity only brings MORE negativity. No good ever comes out of it.
Negativity at work: Your comment deserved 100%, but I only gave 1% 'cause I don't have the SP to waste.
I don't think we will. And even if we do, we won't be able to hold them longer than a week or two. Would you plunk money in an untested novelty, or would you try it for a while first, given a choice? New people might come with a few SP at first, get bitterly disappointed, and leave without ever going further...