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RE: Some Implications of $100 Steem

in #money7 years ago

I guess my question is if new people get here and rewards are more difficult to come by, what's going to keep them here? I realize this is free money, but the people who start earlier have a significant lead and that will be discouraging to newcomers.

I think our biggest challenge as a community will be 1. Spreading the wealth to newcomers, ensuring they stick around or want to come back and 2. Creating strong communities, right now we have a community mostly focused on crypto, which is fine early, but needs to expand a great deal. Maybe with updates we will see this happening faster. These communities will help with part 1 as well because there is value in content and right now our content is weaker than other sites for most topics

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I agree. There are some huge problems. I've noticed many good quality blogs going unnoticed and many low quality articles with huge payouts. Furthermore, all I see above is $0.00 (lots of participation and zero payout on post after post). Steemit would be better off showing payouts in microsteemit. At least everyone feels like they got something for their participation (even if it's a miniscule amount).

I've noticed many good quality blogs going unnoticed and many low quality articles with huge payouts. Furthermore, all I see above is $0.00 (lots of participation and zero payout on post after post).

Maybe you haven’t looked hard enough? You have only been a member for a few weeks; the site has a steep learning curve. It is very common for newbies to see the site the way you do. My first six or seven posts earned zero.

What do you mean he hasn't looked hard enough? He's saying newbies often don't get the recognition they deserve, which is in part true. Then you see someone post a photo everyday with $200 everyday.

I'm not saying people on here who have a ton of SP don't deserve it, hell half of them probably paid for it, that was just smart thinking right there. The problem is we quickly lose users because they don't see any action on their posts. Hoping communities will help with this. If people would stick it out for more than two weeks they'd start to make friends, gain followers, gain SP, etc etc. All good things in time, but sadly we live in an age where people want instant gratification.

I do think we will see this becoming less of a problem as time goes though

He's saying newbies often don't get the recognition they deserve, which is in part true.

Oh sure, but as long as I’ve been here, newbies (myself included in the early days) seem to see Steemit as inherently unfair with deserving posts getting ignored and crappy ones getting well rewarded. But I think that, as people gain more experience here, they find that it’s more nuanced than that and that there are also excellent posts that get well-rewarded and dreck that gets downvoted to oblivion.

If people would stick it out for more than two weeks they'd start to make friends, gain followers, gain SP, etc etc. All good things in time, but sadly we live in an age where people want instant gratification.

So very true.

Ah I see, yes it is pretty nuanced, good posts are one thing, but community, interaction, marketing, vote bots, the list goes on for things that can accelerate our growth here. Even a bit of luck goes a long ways, like whether or not a whale sees your stuff.

Good point. Perhaps I don't have enough experience. Although there is a lot to be said for the newbie experience when it comes to the adoption of a system like Steemit.

There’s already an issue of people not sticking around. We’ve already got nearly 700,000 accounts but probably only 10% of those are active. I have no way to guesstimate what the numbers might look like going forward, but a more active blockchain should translate into more value.

Steemit seems to sell itself on egalitarianism, yet the scenario outlined your post seems to be a "rich-get-richer" situation. Why would the masses switch from traditional media (youtube, twitter, etc.) when there is only incentive for the most popular and oldest bloggers?

when there is only incentive for the most popular and oldest bloggers

What makes you think that? It seems to me that there is a huge incentive for noobs.

Steemit seems to sell itself on egalitarianism

Really? To me, it seems to be imbued by anarcho-capitalism rather than egalitarianism.