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734 posts and 15686 +1
I honestly don't know how many are there and I certainly didn't count them.
What's interesting to me, is the fact, if this platform had a similar user base as something like Youtube, where the consumers far outnumber the creators, a creator could make some damn good money even with a 10% cut, provided they received tens of thousands of upvotes, like you see on most popular Youtube videos. Since the curator enjoys the incentive and gets paid, with tens of thousands of votes, they would have to split 90% or the content producer would earn WAY too much and the thousands of curators would see very little. It's a tough balancing act, but not impossible to find that sweet spot.
Exactly. People are far too fixated on percentages rather than amounts. Percentages don't matter one bit when Steem is FUBAR, the user base is continuing to erode under the current rules, and the price is crashing. See how people would like getting a high percentage when STEEM is worth $0.01 instead of something like 40c. 75% of what?!
1% of something is worth far more than 99% of nothing.
It's the inflation(rewards) under the current rules that erodes the userbase and price .
Moving inflation towards the SPS to create value is the way forward for the steem blockchain.
I hope in the future we will follow through, shaving more and more inflation from all related steem blockchain components, we should focus on value growth.
Let SMT's and all kind of products and services use inflation on their token.
Yes Steemit Inc, included... we need competition.
Yes more and more people have brought up that rewards can be paid in tokens associated with specific communities and apps (including steemit.com if they want one) to reward their users, leaving Steem itself as a very solid and efficient blockchain with low inflation and better prospects for not inflating itself right down the drain.
I don't think we are quite there yet, but I don't want to wait until it is too late either.
IMO some people don't understand how the market has changed and there are numerous alternative models now with low/no inflation or even deflation (token burn economics) competing for investor attention. Steem's high inflation model is looking a bit obsolete.
Exactly, happy to see you are still around and caring.
@nonameslefttouse ... actually, we do... my collaborator did research on the paretto effect trying to overthrow it in the web3.0 and reward incentivised platform... however after taking 2yrs of data about active accounts and transactions - only 1% of the active accounts are content creators - following the perfect thumb theory.
Why people don't curate anything? Well, they see steem as a business, not as youtube cat videos and just slapping that like and moving on, they have invested lots of money or time or both... and currently its easier for them to do what they are doing today than to actually curate.
50/50 will incentivize again the crowd voting - at least we are hoping to do it.
If HF21 is not helping enough, we need to adapt more and might even put more drastic solutions forward. We can’t expect people to not behave in their own self interest, thus the system has to be tweaked so that curators self interest and the self interest of stakeholders is in-line with the good of the platform (Steem).
I've already made some good observations and reported those findings within my recent post here...
... so I don't really feel like it's a guessing game anymore.
Now we just need a great idea to help create demand for STEEM combined with attracting curators. That's probably a good next step after the dust settles. I wonder who would think of a great idea though. We're going to need someone who talks in billions of dollars to be able to pull this off. Hmm.
The crux of the whole thing is the number of users.
As it is now, there are barely enough users to start to see a network effect, which makes a distribution like you are talking about possible.
So far, it seems like the model has been to try to get users into STEEM first and slowly transition the rewards mechanics to a more youtube-like model.