I think that this is how the world works or even the Universe. There is a law of resistance. Universe works the way that things happen in the way with less resistance - that is the most efficient way of doing things.
Of course that means that by doing such things you attract the same people. In other words - you post fast content just to get fast rewards and the place becomes what it says - money talks. 😂
Btw, when I found out about it, I was not very happy, too.
Until "they" address its obvious shortcomings.... I do think a few tweaks are needed, but most of the problems here can't be solved by "them." They must be solved by us. I think markets (and Steemit is a market) can solve a problem like the centralized power of whales and the incentives they currently respond to, and it troubles me a little that so many of us minnows cry out for some type of regulation to solve this problem. Markets, though, require freedom for voluntary exchange, they require a sufficient level of complexity, and they require time. I'm not sure that forcing users to use the 50/50 curation percentage qualifies as true market freedom. (I've seen a suggestion for curation sliders – good idea.) But I'm waiting patiently (because markets require time, I can't stress that enough) for the sufficiently complex population of dolphins to become large enough (markets are scale dependent) to have the ability to compete with the whales.
I feel like, if our goals was to ACHIEVE something of real substance, instead of making money, then schools of minnows would bring together intelligence and ideas sufficient to potentially even just use steem as a launching off point for a fair and balanced egalitarian coin, with ultimate human use case scenarious. Alx
Yeah, wish I had known.
Just watch how things develop, don't pour a lot of energy into this platform until they address its obvious shortcomings.
Its sad, but that's just how it is.
I think that this is how the world works or even the Universe. There is a law of resistance. Universe works the way that things happen in the way with less resistance - that is the most efficient way of doing things.
Of course that means that by doing such things you attract the same people. In other words - you post fast content just to get fast rewards and the place becomes what it says - money talks. 😂
Btw, when I found out about it, I was not very happy, too.
https://steemit.com/steemit/@scorer/steemit-a-place
The incentives are aligned in such a way that copy-pasting and low-effort posting is the norm.
So, the value of Steem is going to converge on the value of such data - which isn't scarce by any means - which eventually trends towards zero.
That's the future of Steemit, if nothing changes.
But having this knowledge helps you to make a better decisions.
And all of that because of this information.
Until "they" address its obvious shortcomings.... I do think a few tweaks are needed, but most of the problems here can't be solved by "them." They must be solved by us. I think markets (and Steemit is a market) can solve a problem like the centralized power of whales and the incentives they currently respond to, and it troubles me a little that so many of us minnows cry out for some type of regulation to solve this problem. Markets, though, require freedom for voluntary exchange, they require a sufficient level of complexity, and they require time. I'm not sure that forcing users to use the 50/50 curation percentage qualifies as true market freedom. (I've seen a suggestion for curation sliders – good idea.) But I'm waiting patiently (because markets require time, I can't stress that enough) for the sufficiently complex population of dolphins to become large enough (markets are scale dependent) to have the ability to compete with the whales.
I feel like, if our goals was to ACHIEVE something of real substance, instead of making money, then schools of minnows would bring together intelligence and ideas sufficient to potentially even just use steem as a launching off point for a fair and balanced egalitarian coin, with ultimate human use case scenarious. Alx