This is why Steemit is not what I thought it was.
I thought it would mean curation and votes based on content, not lining pockets.
I have been proven wrong.
Time to re-evaluate why I spend time here.
This is why Steemit is not what I thought it was.
I thought it would mean curation and votes based on content, not lining pockets.
I have been proven wrong.
Time to re-evaluate why I spend time here.
It is good that I found out about it in the first week on steemit.
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
Please tell me this is not news to you. The trending page features the same authors for over a year..
Thanks for being honest. Most whales will say: We vote for good content.
There are bots flagging self-voters, while nobody flags pay4vote bots, getting paid to vote is in my opinion is the same exact thing.
@snowflake
I really want to invest in steem, everything in me is screaming: Buy! Buy! Buy!
But everyday when I see what is on the trending page I come to the same conclusion: regardless of the technology the value of steem can only go down.
Similar to Bitcoin if only a few dozen miners were allowed to solve blocks and the whales hoarded bitcoins in order to keep the public out.
I can only imagine how many people would love to buy into the technology behind steem or maybe a new fork of steem, but will not due to the current climate.
That's pretty accurate actually .
Even if steem has some problems ( which are solvable) it still has a way more democratic distribution mechanism than any other crypto out there.
I don't know if you've noticed but more and more people are getting into the business of rewarding users ( 21inc, electroneum,and many other social media app like sine). These guys are just only realizing that this business model is the future and is the only way to get the masses interested in crypto. Steem is at the forefront of that which is why I keep stackin every day.
I did not know that they were rewarding users in a similar fashion as Steemit. Although I keep hearing @ned talk about SMT's potential to reward on any web site similar to Steemit's model.
I am actually very grateful to Steemit, because a year ago I met @cathi-xx on here and I moved to England to be with her, so that is why I might be very critical at times, because I really want Steemit to succeed.
At the moment I am just holding a little bit of steem and hoping that they fix some of the issues. I have also stopped writing stories on here, since they take so long to write and get edited, when there are practically no large SP holders left that are still curating.
Steemit is a good playground and they have all tools to test the best way for this model. Probably that is why https://smt.steem.io was made. Only it was made too fast, because Steemit still does not have a viable product.
I never said it was.
And it makes it even worse, because users with power - like yourself - have accepted this sorry state of affairs and its been languishing this long.
So why is Steemit going to succeed? Is it to train a new generation of bots to monetize and comment on each other's posts?
Because that's the only use-case I see with the current system.
Feel free to correct me if I'm wrong.
Not news too me at all.....
Omg god... @talltim, I agree with you so much..... :-/ This post make me sad. As you, i 've spent so much time here and I even went to steemfest. I needed to be sure about why I was doing all of that......
But I realised, that even if we all join Steem because of the money, we shouldn't stay for that. Because we will not have it. If we got it it's because of luck.
We don't have to think about money. We have to think about a decentralized place (that's why we should use Busy and not Steemit who is part of steemit inc).
We have to think about sharing content gaining money or not. Steem is a social media based blockchain. It will not change the world tommorrow. But ... you know right, that only fews cents can already change the life of people in Africa/Asia ?
We don't need to be here for the money but for the passion to share, to make friends.
I was already a blogger and I blogged for years without gaining any cents. Why wouldn't do it here too ??? I blog here too because I am read, commented and better found on Google (thanks to Steem SEO).
Stop complain... Choose why you are here. And if it's only for the money, better leave the plateforme. Otherwise you will get too frustrated.
But I agree with you that's not what steem advertised (blog with quality content and get rewarded). That's more about who you know than what you do. It's more about how much you also have and can make your upvoter win (have you heard about circle jerks?).
Anyway, don't be here for the money... It will drive you mad. Be here because of the hope it gives of having a "decentralized place without - for now at least - any advertising every where and who still can change some really poor people's lives" .
If it was just about the money I would've quit a long time ago.
It isn't. Its the principle. Those intangible properties that supposedly separate us from animals in the jungle. Except here, money is tied to power - so you see a system that is teeming with all kinds of opportunistic parasites.
That's what I'm railing about.
It could change, and maybe it will - but until then I'll just scale back. I'm sure there are more newbies in the hopper who haven't realized what I have.
But they will.
Keep feeding the bots, whales. Soon they'll be the only thing you can talk to.