A lot of people have been messaging me recently asking about the inner workings of @ocdb. I can see that it's drawing a lot of attention and I don't mind sharing about it as everything is open-source and public, which many dapps on Steem share the same characteristics of. Not to mention there is not much kept secret considering that if someone does not want to share info about its project, the activity on the blockchain can surely give you a sense of how it works.
I am very proud of our community and I'm not saying this from a pedestal thinking of myself like someone amazing who came up with something great, what I did many could've built themselves and the whole reason it exists is cause of some very awesome people who put work into it for the sake of the greater good of the ecosystem it resides in.
What I am saying is that there are still a lot of unnecessary services on Steem who in my opinion should not exist in a trustless system as one of the advantages of it is that we don't need them. We don't need to pay people to use the Steem blockchain, we don't need to pay people to read anything we want on Steem and we shouldn't have to pay people to give us a chance at investing in this ecosystem by our activity and the value of our content.
I understand there are some that will always choose something more premium, much like buying a low quantity of something irregardless if they get a much better price if they bought it in bulk. There will also always be the need for instant attention and the ones fighting about being the best at that will have to keep the competition amongst themselves.
Not everyone though, the people who seek long term solutions and want to build their presence for a long time to come will seek out safer ways to do it. I'm not saying that @ocdb is the safest way possible and the fluctuations in price did lead to a few days of instability but there's no thing such as no-risk in life. The people have proven though that they would like a place with a better distributed stake among authors they enjoy reading and produce quality original content. They see a lot of value in a future where a lot more people are involved in the way the reward pool is being distributed.
While this may seem to some as just a patch on a system with the wrong incentives of curating quality over quantity, I see it as a way to make the current rules more fair to the creators. In my eyes a lot of reward pool is still being distributed to people with low interest in the future of the currency. You could compare it to a Bitcoin miner that has sold all of his Bitcoins and has resulted in paying a fee to rent hash power as cheap as possible and make sure he gets the most out of the rewards of every new block just to sell those coins too.
You may say that the same thing could be said between some of the whitelisted authors too, that they would use the ROI from buying the votes to just constantly sell it, and although I don't have any statistics or have looked into it, I don't think that long term holders interested in growing with the ecosystem and community to see where this experiment will take us are in it for the short term gains. The short term gains will get smaller the more people that use it, although demand may cause more people to invest, that is not completely guaranteed as there may pop up similar competition even for a non-profit distribution bot. If @ocdb doesn't keep on improving and staying up to date someone else could possibly offer a better incentive but the important thing to remember here is that they are competing vs something that is already doing something great for the platform compared to the services riddled with middlemen.
What would you do if you were an active author sharing your work on Steem and you found out that if you're in the @ocdb whitelist you can buy a certain vote daily that offers you a guaranteed return over a period of time? Would you stick around and see what you could do with your account when the time comes your votes are worth $10? Or would you take the $10 in Steem at low prices to sell it for a currency that only depreciates in value in the bank.
I'm sure most of the users on Steem have already understood how your tokens can grow proportionally with your account. A user holding 1,000 Steem earns the same percentage as someone holding 100,000 and over cycles of new heights and shakeouts those using @ocdb for their content and delegating to it to grow themselves and each other will realize over time that it won't be as important how much Steem you can sell, it will be more interesting to see how much SBD or interest you can generate.
I am definitely here for the long haul — still — so I applaud any initiatives that help build some measure of long term stability, and generally encourages people to stay around "for the duration."
As for your question, my ambition here remains to power up and build stake; I just don't "get" the whole short-term cashout approach.
I'm so bad at Steem, I know. When I first came here, the person who brought me told me "You have to invest, not spend. You will get excited at first and you will want to spend, but hodl."
Great advice, and I've been so bad at following it.
Long term > short term. I don't know why but I am always pushing for long-term goals. I am tired of fixing short-term problems and realizing that in few years all that dissapears because we didn't think beyond the wall of money.
There will always be people who will try to gain the system and make money easiest way possible while they suffocate it in a long-term. The problem is that most of the people will see that it's easy money and will join in.
While we're down with the markets, from my standpoint, it's all good. I am getting more steem with my posts and I can use ocdb to promote my projects and to gain a bit more steem. I understand why people stopped posting or why they left, but I can't believe they did it now. For us minnows, since every STEEM is important, this is the best time to be on the blockchain. Plus, if you have fiat money, unlike me, you can buy Steem for a cheap price. Of course, if you believe in it and the freedom.
Even tho I didn't use bidbots before, I am using @ocdb everytime I can. I know that idea behind it is to help the community in the long-term and knowing that you're not making easy money as a middleman, I must say that this is the only bid bot I know that I respect.
I hope you will create new mentality in people and have a good healthy competition on Steem blockchain!
Ps sent you DM on Discord. Can u answer? I want to promote it more :)
I'll check my dms!
Ganging up, and/or paying to take more rewards from the pool than what the community freely votes to you shows a lack of class, imo.
If what i am saying isnt selling in the open market i dont join a gang, or pay a bully, i suck it up and try to think of other things to say.
These are the facts of steem.
Either you say things folks want to vote for, and not against, or you work harder to gain an audience.
Big pharma's pill isnt helping.
The sooner the newbs are apprised of these facts, the better.
And anything that softens this reality is counter productive.
A crutch.
There is barely any voting power left to be used to curate let alone curate freely. Curating for content is going to diminish more and more over time when people start curating dapps for distribution of tokens.
This isn't much of a "gang" than people sharing a similar view of what kind of content they enjoy reading and writing and wanting a more fair shot at earning stake through their content than what someone like a dev may be getting just for having coded a bid bot a year ago.
We could go back to the math that attracted readers, and rewarded 'popular' content, rather than keep the math that rewards spammers scamming the investors?
I'm afraid that it's become obvious that stinc, et al, would rather reward themselves than make a viable platform, atp.
As for ganging up, it is what it is, you got to do what you do.
I don't refuse votes of folks just because they come in a pack.
It's when you refuse to vote folks that don't join in your reindeer games that an issue is raised with me.
The newbs that don't know the math are easily duped.
I agree with that, and yep in a perfect world the incentives to curate would outweigh those of selling votes.
Ready to lead a community fork?
Lop off the problems all at once?
Lately I've been curating rather than posting. I know that it's a lot less profitable but I seem to enjoy it more. Go figure.
The time I joined Steemit I have been trying to post regularly investing much of my time nor I cashed out Steem for Fiat till yet, I am still HODLing coz I am a firm believer of Steem.
Let's wait for the good days to come :)
I am going to resteem this :)
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Im totally here for long term!
But how can I get on the whitelist? :)
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and how to join?
I believe so many of us here want to get into OCDB but being discovered is tough.
Ever since we had the recession on the crypto market I have done my part to stabilize the value of Steem by powering up everything that I have.
My goal for the coming year is to build up my Steem Power for the long term. If anybody would be kind enough to review my posts and see if I qualify to be part of OCDB I will be eternally grateful.
It is always a pleasure @acidyo.
Hi @acidyo!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 7.949 which ranks you at #33 across all Steem accounts.
Your rank has not changed in the last three days.
In our last Algorithmic Curation Round, consisting of 233 contributions, your post is ranked at #2. Congratulations!
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
How does one qualify for OCDB? Is there a post we can be referred to?
Thank you for the upvote 🤗
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Congratulations @acidyo!
Your post was mentioned in the Steem Hit Parade in the following category:
In 3 days I will have been on the Steem blockchain for 1 year. Over the course of this time, I have invested a small bit of my own money (not much, but I don't have much). My intentions from the start were long term. I quickly understood the value of such a platform, and knew it would be wise to stick around. Even during the bear market, I maintain this mentality, along with the confidence that community based dapps are the future.
I've received a couple of curies along the way, as well as a decent amount of support, which has exponentially increased since being recognized by helpie. I'm grateful for the support I currently receive, and I have done my absolute best here. Steem has impacted my life for the better.
I've known about, and understood the purpose behind @ocdb for quite a long time, and I hold this project in high regard. For me, it would be an honor to be added to the whitelist, and I would undoubtedly utilize the service. If I never make it to the ranks of whitelist, I will continue on with my Steem mission, because after all, not everyone will meet the quality standards. I think that I do, but if I do not, I will continue to work on improving, and perhaps one day, I will make it amongst the ranks of quality whitelisted members of @ocdb
Thank you for your hard work and dedication to Steem. You're appreciated @acidyo
Steemit guides us to make a balance to spend steem and to invest and hold some of it for the future of steem @acidyo and it does it by giving us the default payout of 50/50 of liquid steem and SP.
It is a great feature and steemians must realize to hold more steem is to make it more valuable and my hope is that soon more and more people would stumble upon steemit and use it for everybody's benefit.