Should Steemit Inc Impose Maximum Daily Post Limit in order to Control Reward Pool Rape?
Most of us are aware of the notorious civil war going on between @berniesanders and @haejin –mainly because @berniesanders want @haejin to reduce his daily 10 Post s- where he earn average of 300SBD on each post while many earn very little or sometimes nothing. This resulted to brutal attacks from both parties leading to flag wars which if not controlled will spread to many innocent people and bring a bad name to steemit platform. Conversely, however, this is a complex issue because many top stakeholder in steemit are guilty of raping the reward system- therefore @haejin should not be the only victim because he is taking advantage of the system rather Steemit Inc should do a constructive due diligence and resolve the issue in the next HFork 20 – here are some few points to note:
Note: there are many issues with steemit reward system however, for the purpose of this article; I will concentrate on post limit ( resteem this post in order for other people to join the discussion).
Post Limit: Imagine steemit reaching 50 to 100M+ users (this is achievable in 3 years’ time) and many members flooding the system with 5 to 10+daily posts? This will lead to flooding of the system with less quality posts. Reason is that it takes time to write a top quality post or make a top video. Therefore, solution might be to impose daily post limit for example, 2 posts max per account (this is just a suggestion-feel free to add yours in the comment section). The advantage is that people will concentrate on improving quality of their 1 or 2 max posts, reduction of flooding of popular tags and reduction of raping the reward system with one account. On the other hand, this will lead to increase in individuals having multiple accounts for the purpose of vote sharing- which is a disadvantage however less issue because such accounts have to be popular like the original account plus link to all the vote sharing from individuals accounts .
Quality not quantity: People always reward quality contents and not amount of posts. Therefore it is better to pull all materials together in 1 or 2 posts and send out a top quality post than dividing it into 5 to 10 short posts in order to take advantage of the system.
Engaging with People: Important thing in posting here is to respond to people who usually comment on your posts and reward good comments-thus motivating new members to comment prudently. I wonder how someone with 5 to 10+ daily posts will respond to all people that commented on his/her posts!.
Now is your turn, what do you think about the issue? send in your comments, would you upvote in order to send in your support and resteem in order for other people to join the discussion.
See my former post: Steemit Is Ready to Take Over The World: Will You Join The Vibe?
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Limiting posts is not an option, it would shut down the door on short form post use-cases (Zapple comes to mind). Also, Steemit Inc cannot impose a limitation on the blockchain level, it has to be approved by the witnesses (steemit doesn't own the blockchain).
O Yes... Good Point. FOLLOWING YOU!!
I think your suggestion is appropriate but would probably only shift the problem. The reason folks can rape the rewards pool is twofold.
The problem is that anyone can create a post or comment (regardless of quality) AND IF someone with a lot of Steem Power up-votes the post at full power they will recieve a LOT of money, as in hundreds of dollars. I saw one comment that earned ~$345 with just 4 up-votes and 3 were insignificant.
The reason this exists is because the folks who invest a LOT of fiat currency into the Steem platform expect and mostly deserve a return on their investment. If you could accept the risk and had a million $US to invest you could use that money to power up to a level that would allow you to self-vote or up-vote a second account at a rate that would earn far more than a conventional investment. This extra return is due to the extra risk.
That million $US is also what gives the rest of us solvency, i.e. it creates trust in the crypto-currency. NO currency has value unless enough people BELIEVE it does.
So, it's a tricky problem not confined to this platform. The folks with lots of money will always use that power to their advantage. The result is the rest of us get to eat off the crumbs. You know, they give us jobs, etc.
Many, maybe most, of the big investors (stakeholders) are in it for the long term, others are raping the rewards pool in the short term. But just like the fiat currency world while the rich folks do their thing the rest of us get to do ours, like eke out an existence. For this post to have earned $155+ with 40+ votes you know well how the game is played. BE happy, you're one of the successful ones.
this is quite interesting. I am really, really new here, so I am just learning what everything is about. This clearly written comment is helpful! I appreciate it
Thanks, I encourage you to just have fun. Read posts you like, make comments that are honest, and forget about the money part of things. If you have something to post then post it but understand that only your "Followers" will probably see it so don't be discouraged. And now you know why it's important to gain followers.
Very good comment ,your are correct . However the issue is not about people who invested in steem power rather posting 5 to 10+ daily and if imposing posting limit will help solve the issue.
Let's hope it gets fixed!
Finally a voice of reason. Thank you.
When you have a $1k under your mouse click - it is hard to resist and not click on your own content.
Here is another way to think about it.
Imagine that you are using social network and communicating with person who is a billionaire or at least millionaire and this person is really busy. One hour for this person is worth hundreds of thousands of dollars. For most of us it is unfair but for this person it is just a small reward for wasting her time and commenting for you.
I only wish I had a $1k mouse click!
The funny thing is that last year I also only could have dreamed thy my vote is worth more than nothing. I needed few months to increase that number to few bucks. At the beginning it is awesome then you get used to it and now it is even worse - you can not resist on self-voting. 😉
Dream big and do at least something. I'm learning and wish that some day my click would be worth $1k, too. 👊
Here's my 2 cents worth, or is it 3 cents now!
Maybe now. 😀
I do appreciate all random acts of kindness! ;-)
That's the way to do it! 🙌
I also think steemit inc. as you put it and the Devs . Need to step in here and try to do something about this for the future betterment of Steemit as a whole ! We need this platform to be a thriving happy inviroment ( I cant spell at 6 am lol!) in order to succeed , especially after hard fork 20 When its going to make it much easier for everyone to join Steemit !! We will soon have millions of steemians , then look out !! Great post @charles1 ! Keep up the great work my friend !upped and resteemed 👍👍👍😀
Welcome and sleep well. Thanks for your comment
Your welcome !😴😴😴
sweet dream nice lady...dream of 1M steem power and SBD 👍👍👍😀
There used to be a 4 Post per day max and then you would start losing rewards for the 5th post. You were allowed to post more but the rewards for doing so fell.
Good point indeed
Yes I Remember That!!
It does make sense. Could be abused
seems like a good one,
I like the idea of limiting the number of posts per day to maybe 2-4. I struggle to do even one per day most weeks so it wouldn't affect me any but there are a lot of others whose activity here would be impacted and maybe that's a good thing.
I also have a tendency to unfollow people who start clogging my feed with low quality content but the barrage of so many posts per day by a single author definitely still clogs the other feeds and it's hard to find good material.
A quality post usually takes some time to create so if someone is already creating high quality posts then it's very likely consuming a lot of that person's time just creating 1 or 2 posts per day.
If I'm not going to put time and effort into putting something on steemit then I usually don't bother with it. I haven't posted much this week (I have 3 posts within the last 7 days I think) but last week I managed 10 which is a record for me. I was at work less than normal that week so I had more time for it and a lot of inspiration apparently.
I don't care if someone earns a lot here but if they're doing so every day with very similar content every day multiple times per day that's getting into a gray area. I'm not taking a definitive stance on the bernie / haejin situation because I don't want to get dragged into the drama but I do lean towards 10 posts per day being a bit much, especially with the rewards being what they are.
Same here. If the daily limit were 3 posts per day I would struggle to achieve it. I'm a caregiver to my wife's elderly parents so I have plenty of time to punch out posts, but not quality posts.
I Agree, Maybe Some Regulation Is Needed! Thanks For Sharing! FOLLOWING YOU!!
You are correct, thanks for your comment.
@cryptokeepr Thanks for this reply. Still new and 2-4 posts per day sounds like a challenging task if you're truly adding valuable content. I've obsessively read through countless posts and the majority are well articulated ideas. It would be great to know any of your current fave whales or dolphins. Cheers!
I agree..lets do 2 posts max limits
I agree.if this is not addressed steemit will crash
I fully agree with you on the limitation of posting.
Actually there was a limitation at first.
Now it's needed to adapt it again
Thank you for your comment my dear @slowwalker ...hopefully they will limit it to 2 max a day so people will focus on quality and not quantity..I wish you a blessed week...My latest post analysed steem intrinsic value, feel free to see it. Thanks and more success.
I'm too new here to fully appreciate this post, but from my DXGold days I can tell you that there is no end to the ingenious ways that people with little or no self-discipline will take advantage of a good thing to spoil it for everyone else. Making rules and relentless and unmerciful enforcement of them is the only thing that greed-driven people understand in my experience.
You are absolutely correct...thanks for your comment
I liked the 2 to 4 post a day policy they had in the past. I honestly don't know how people are ab;e to put up more quality posts than that.
Good point, I even prefer 2 max daily so people will have time to respond and support other people posts