Steemit Is Changing - How It Affects You
Steemit is changing...
A small change just happened.
A bigger change comes soon.
The future of Steemit gets crazy
Press Play For Max Steemit Info
Enjoy The Vid
Part 1
We had a small change. The views tally is gone. It wasn't counting correctly so it's gone until it's updated.
This will also help the Steemit site run better.
Part 2
Changes on the horizon.
Hard Fork 20. It seems to be centered around bringing new users on board.
They will streamline the signup and allow us to invite other users. Here comes grandma.
Speculation:
Could hard for 20 be when we see communities? That would be cool, but I haven't heard a timeline yet.
Communities would be like Reddit subreddits. Imagine how that would work on Steemit.
Part 3:
Lets go into the future.
1st We need to understand Ned's vision.
Crypto as a human algorithm to sort the best content to the top. That is the goal.
Currently we use a stake weighted voting system. People who have more tokens have a higher vote. This was supposed to benefit the best content.
Does the current stake weighted voting bring the best content to the top?
Here's a quote from Ned,
"With Steem we didn't quit find that was the case. To truly realize a future where cryptocurrency helps us identify great infromation we need to leverage not "stake-weighted" voting, but "account-based" voting. 1 person, 1 vote. It's much more democratic that way. That in combination with super linear rewards curve.
The wording is subtle. This is just a general direction. We won't see a big change in vote weight, but we see many small changes over time that push toward this account-based style.
This is one benefit of SMT's. Steemit Inc will have hundreds of experiments they can learn from as new apps launch and tweak their own systems on Steem.
There are far more details in the video. Go back and press play if this piqued your interest. What does your Steem future hold?
Sometime i feel its better to have the same steem power to everyone.. no whale no minnow anymore..
No one should beg for votes. No one should pay for votes.
Everyone should really value their votes for good content.
Here who has more wins more.. though some contents are really good not getting even a single vote.
Though i joined todayto steemit i should get paid for good content.
Making Repo with followers shouldhappen in a sec.
I wish ned should read my comment atleast.
I AGREE WITH YOUR COMMENTS. THEY SHOULD VALUE THE GOOD CONTENTS. I DO NOT KNOW WHAT THE TREND IS. ONLY THAT PUBLISHING TO SEE WHAT GUST, NOR MODE
Great update. Thank you.
Steemit just keeps getting better.
I don't care that it's not perfect... I care that they keep working on it.
And they do! It's a great place to be.
Just when I thought I was understanding how the weighted voting system worked. :) Well I suppose this will be better, but I guess we will have to see as it is implemented.
Agree with you
favours those who have been steeming on the longest -- is this not inherently age-ist?
discriminates against new users, or subtly encourages them to steem harder (in my experience) 😌
yeah, its rather a popularity contest, but with a user base of 60k daily users, those that create amazing content will have no problem standing out.
My fear here is that it might shift the balance from "how good your content is" to "how many people know you"
Funny how those "fixes" are like trying to fix old plumbing....you fix one leak and another pops up.
It isn't about quality, it is about engagement and networking. It is a social media platform, not an Author's guild.
Very well said. Unless you have spent the last year becoming part of the Authors Guild, but I think you are right.
i agree with you
I can’t work it out, even the different tokens, SBD , power down; what’s the best way to use them?
I aggree
I agree man! What a time to be on Steemit!
thật tuyệt khi steemit vẫn hoạt động và tạo thu nhập cho rất nhiều người.
https://steemit.com/cryptocurrency/@giveaway-247/what-is-cryptocurrency
I agree with you all but I am very curious about seeing how will fix the leverage, not "stake-weighted" voting, but "account-based" voting. 1 person, 1 vote. It's much more democratic that way. That in combination with superlinear rewards curve...
1 person 1 vote is what I don't understand
for making impact, decissions...
right, we can't expect to be perfect but a work in progress, steemit is still just a baby compared to other platforms, and they are still working on better those other platforms as well, but steemit has way much more to offer IMO
Hello good contribution, I am new in this wonderful world steemit from Venezuela I give a greeting thanks to your post to enrich the new people :)
the way to the future is forward. we must keep moving forward. steemit i think is one of the vessels that can take us there.
i need the updete
it should be like this
Does the current stake weighted voting bring the best content to the top?
Here's a quote from Ned,
"With Steem we didn't quit find that was the case. To truly realize a future where cryptocurrency helps us identify great infromation we need to leverage not "stake-weighted" voting, but "account-based" voting. 1 person, 1 vote. It's much more democratic that way. That in combination with super linear rewards curve.
maybe.....
Indeed it is getting better thanks to the people behind it and to all steemians
The truth that since steemit entered had undergone some changes but are already becoming more drastic, clear for a welfare to the community.
Im just a starting steemer, If you guys could check out my post about my friend who was robbed at gunpoint for crypto, that would be awesome! thank you!
Clickbait pro.
It was only a matter of time before Buzzfeed and fake news invaded Steemit lol
It seems a pretty interesting solution to the current problem. Unlike, some of us are thinking, inflationary systems is not always adherence to the value of the system.
Ok so devs have taken a step in the right direction to help curb some of the foolishness, but we still have a VERY long way to go.
How sure are you about that. Right now I don't think anything is happening about weighted voting, maybe soon.
please tell me am so wrong and it will make my weekend.
You should watch the video in the post, it explains.
haha exactly
ive been here since day 1 almost, i love changes
Hey @happymoneyman, thanks for the video!
Would you mind sharing the source of @ned's quote from Korea? Do you have a video link or something? It's interesting to know that he considers an account-based voting system for steemit, I don't think this has been mentioned before in the communication with this community.
Actually the vision that was defined for Steem in the very beginnings was this one here:
Now on one hand that refers to content creators (as you perfectly mentioned in the video), but on the other hand it also includes the curators who provide their valuable attention.
So the vision wouldn't just be to sort or organize content (bring the best to the top as you said), but to create a self-sufficient eco-system where value is created and evaluated through the members of the community.
With excessive vote buying that vision has been currupted lately, since attention doesn't necessarily have to be earned (through value creation) but can be easily bought now.
Steem actually aims to be the modern version of local communities we all know from real life - where one can meet and interact with like-minded people. In contrast to centralized systems, the value that's brought into the network by the members of the community, doesn't belong to one single account who runs the network but to all participants - and is then distributed among those who contribute most.
Lately, we've distanced ourselves a bit from the original idea of Steem. While value creation, community building and the overall growth of the network were the main ambitions of Steem in the first year. Now personal financial benefit, immediate return and inflated follower statistics seem to be trending.
I by myself believe that only organic growth is sustainable growth, and that we need to be careful to not become one of these unsubstantial platforms where no real social interaction is taking place anymore.
If I had to define one single goal for Steem in 2018 then it would be: retention. The user experience is the single most important KPI for a social network - whether it's decentralized or not.
Enjoy Yosemite @happymoneyman!!! I'm a bit jealous now. Was there for the last time at the age of 5 and loved it :-))
Hey @surfermarly.
I think this video is what you're looking for.
Personally, I have a strange feeling much of what was said has been misconstrued and people are jumping to conclusions.
I'm looking at the SP I earned. I can't see why Steemit Inc. would want to make that worthless. So I'm guessing, maybe the most organically popular to the point of trending post could have $2 worth of rewards next to it, but since it received 10000 votes, it sits in the number one slot. That would solve many problems(at least in the reward pool department). These folks could then spend $1000 for their 5 votes and stay at the bottom and from there they can stop misleading other members into thinking they are popular and good at what they do.
People seem worried about abuse but imagine if someone made 10000 accounts just so they could trend every post while their post only has $10 beside it. They could just sit there and look foolish. It would be incredibly easy to figure out if someone is using a trail of sock puppet accounts. We wouldn't have to sit around arguing about whether or not that member is exploiting the system because it would be painfully obvious. And their rewards would be much easier to flag away. They'd be left with one option. Organic growth.
I'm not saying this is how it's going to be. I'm saying that's how it could be. A wild guess. A shot in the dark. We wouldn't have to be guessing if these communications were clear.
Clear communications would relieve a huge pain point for the community. I should have to watch a 2 hour talk that is half in Korean for a 30 second quote about Steemit Inc's vision. Agreed
I think there are a lot of solutions on the board for blockchain identity that may help with the multiple sock puppet account. It will be really interesting to hear how they solve for that. It will need to be addressed or it won't make sense.
Moving from one experiment to the next just means leaving old problems behind and creating new ones. The issues many face now could be easily solved by placing posts like yours(don't take it personally) into the promoted tab when the use of these bots is detected. Then make the self vote something that can't contribute towards trending status. Those tiny changes would help push all of the organically popular content to the top. Something so simple yet seemingly unimaginable to so many. The common sense approach. Your post here today would be marked as an advertisement/paid programming. The high value self voted content would lose it's automatic advantage over everyone else, and from there everyone is given an even playing field. From the wealthiest to the poorest, it would be the content coming first, not the bank account or the false image presented when one purchases their fame.
That would be indeed an excellent solution.
Ned gives a talk in the beginning and then speaks a panel for quite a while. It's great info. I used the 10 second skip ahead button a lot to get to the english parts.
Yea, I was really interested to hear him talk about his vision. He answered a lot of questions I had in my own mind for the future or Steemit. He also mentioned the "super linear rewards curve" This lines up to your good point about being rewarded as curators. It sounds like it will be shifting towards rewarding people who vote on content first, get the biggest reward.
Now some speculation:
I would guess that the number of votes per day would need a cap. Let's just say 10 votes per day per account. Then curators would need to be careful to only vote on the very best content. If they were using bots, their bot may waste the 10 votes on sub-par content. So real curators would have an incentive.
I love the analogy of "local communities". It's true. I interact with people on Steemit, who I would want to be around in the real world. That's definitely different from my Twitter account. It's a special thing about Steemit that shouldn't be lost. Ned's north star seems to be curating content with cryptocurrency incentives. His main goal is to find a way to sort the best content towards the top. He will keep tweaking the algo to make that happen.
You make a great point that retention is a big part of it. I was recently a little discouraged with the overall state of the platform. I felt the shift you mentioned away from community, content, and curation and towards gaming the system. I would imagine a lot of others felt the same. I've been more optimistic lately because the community stepped up and slowed the spam. It's constantly changing. I'm happy to know Ned's vision and that he's going to continue to tweak Steem to help it thrive. It was really interesting to hear him talk about the SMT's as an experiment ground for changes we may use on Steemit someday.
Yosemite was wonderful. I did ice water dips in crystal clear ponds under waterfalls. I just freaking loved it. That place is stunning. Nature and moving water is energizing for the soul as you know very well @surfermarly Cheers
And I’m happy to be part of it through the change and can’t wait to see what more is to come
That's right. We're really lucky to be a part of Steemit in general. It will be interesting to see how it changes.
i'm always interested in seeing new implementations...not just how they work but how they are recieved by the community.
Until then I'm just going to keep on grinding.
Steem on!
for sure. Just enjoy the ride. We're breaking ground. It won't be perfect, but that's the point. Keep grinding, keep learning.
As others have already stated, if account based voting means that all votes are equal, then those with multiple accounts will have the power bias. Currently, accounts can be bought - so we will just see a shift in the way that manipulation of the system takes place (many more accounts).
If the new onboarding system includes a strong form of identity verification then this problem maybe lessened, but it seems impractical to me currently.
I know there are some strong blockchain identity solutions out there. Hopefully Steem can use them to combat the issue. Definitely a work in progress
i like the idea of bringing the best content at the top, but it depends of who are curators and who are the readers who decide what is a good content, because everybody has an opinion, so this could influence the future of steemit , we need to choose who are the right curators and the readers because this could bring to another issue like censorship.
Great video, the world of crypto can be a confusing one so much thanks for helping to shead some light on the future.