Temporarily Reduced Payouts
You might have noticed something a bit odd on the trending page! As you may or may not know as part of the recent hardforks some changes were made to the way the Steem algorithm will be distributing payouts. One of those changes is to use a 30 day moving average to determine how much Steem should be distributed daily in order to make the rewards more stable and enable users to more reliably predict the amount of rewards they can earn on a day-to-day basis. One consequence of this is that as the protocol switches over to this system today (the beginning of the 30-day period) rewards will be unusually low for the next couple of days. However, don’t fret, this is temporary and rewards will steadily increase as the system reaches equilibrium. This is a one-time event as a consequence of switching to this more stable system. We appreciate your patience.
- The Steemit Team
Such a bad idea. Allowing people to depend on income is a bad vision for the platform. It should be focused on engaging casual user who posts occasionally like Reddit. Oh well maybe hf28 will get it right.
Who depends on income here? I think you haven't really understood that vision yet...;)
judging by much of the content I skim through, the hope for income does represent many peoples motivation
Sure! It's a motivation - but not a dependency. How could you depend on something that doesn't exist :) I by myself couldn't make a living of steemit incomes and I am not doing bad here. Maybe in the future it could be like this, but not now. Until then we should focus on building great brands that will payout in the future.
That's at least my point of view 😉
Referring to this
The scaling changes in HF17 are critically essential if we are to grow to even a fraction of the size of reddit.
The changes were made out of scalability requirements, not explicitly to allow people to depend on predictable income. That's just a side effect.
A better way of putting it would be "to make reward amounts more predictable for both voters and publishers alike".
Thanks for your response
Haha
I wanted to do a gif of him chasing John down the hill on skis yelling I want my 2 dollars!! Lol but couldn't get it together fast enough
Brilliant! I had one of those combs. I thought they were so cool.
Haha yeah I believe I had one as well but I'm fuzzy on that , they defiantly were super cool in the 80's
Better Off Dead was a great flick!
Thank you for trying to cover for the Empire. But it is completely unnecessary. I already told everyone that I took all the steem and bought this:
I suppose your engineers insisted that a muffler wasn't needed in space since sound isn't an issue in a vacuum, but a few baffles in a resonance chamber under there would have served just as well too.
I would suggest a notification at the top of the webpages on Steemit regarding this effect so the wider community (especially newer users) know what's actually happening.
Ouch! Hahah I had some really good amounts on my posts. And they dropped to nothing. Thank you for the update though.
They will recover over the week.
Amazing that you have a good amount in your posts :)
You're telling me.. I'm new and this is all really confusing. I have no clue what's going on
Thank you! Yes, this is an important piece of information for the community at large... seems a lot of people are sitting still, wondering "what to do next."
The answer would be "keep posting as normal," because this is NOT the time for everything to grind to a halt because people feel confused.
Resteeming...
Comment Nesting Testing for Comment Nesting
This is a test of the emergency comment nesting system. This is only a test.
Comment nesting testing complete... Relaunching in 3.2.1.
nesting
Comment Nesting Testing
Nesting!!!!?
6?!
where is my nested comment?
Comment Nesting Testing - Failed
Nesting success requires page refresh for visibility. Testing resumed.
Comment nesting testing complete... Relaunching in 3.2.1.
Yes indeed! Very important info and resteemed as well
Es dificil ganar un steem .
For those who have interest, I have an explanation in this post.
What impresses me most is how your comment was made with decline payout. :) Thanks @abit. This community will thrive because of people like you working to improve it, even if your actions are unpopular at the time. Thanks for your leadership.
how do you decline payout for a comment?
Done with the command line client "cli_wallet".
sign_transaction { "operations": [ [ "comment", { "parent_author": "steemitblog", "parent_permlink": "important-notification", "author": "abit", "permlink": "re-steemitblog-important-notification", "title": "Re: Important Notification", "body": "THE BODY", "json_metadata": "{\"tags\":[\"steem\"],\"app\":\"steemit\/0.1\",\"format\":\"markdown\"}" } ], [ "comment_options", { "author": "abit", "permlink": "re-steemitblog-important-notification", "max_accepted_payout": "0.000 SBD", "percent_steem_dollars": 10000, "allow_votes": true, "allow_curation_rewards": true, "extensions": [] } ] ], "extensions": [], "signatures": [ ] } trueWhat about promoted posts? Paid for promoted post yesterday not appearing?
Known issue, will be fixed within a few minutes.
Great!
So, should we keep posting right??
Yes :) Follow 4 Follow? :)
I followed you :)
cheers :)
Hello Instagram
Hi Facebook
I haven't had zuckerbook in years <3
:)
Yes.
With all due respect; this is a bit late.
The community should have been notified about this before the hardfork, and we should also have been informed that we would suffer a sizeable loss in our potential payouts.
I do hope that you will make more of an effort to keep us up to date on events before they take place in future. Especially ones such as this, which carry a heavy impact.
Let's not turn into facebook or YouTube here.
Agreed. Still, it's an improvement from the Steemit of old. I hope we'll get there shortly.
It's a bit late.., and doesn't explain anything!
This is getting kinda old...
I cannot pretend that my faith in the direction of this platform has not taken a bit of blow today. The seven day cycles already seemed like a terribly misguided idea to me, but I was willing to give it the benefit of the doubt because I could have been wrong, and even if it did go badly we would learn something in the process.
However, the poor execution of this "upgrade" has really got me wondering what is going on up there. I'm having a great deal of difficulty understanding why we even attempted to convert directly from a 24 hour to a 7 day cycle. Would it not have made more sense to have an 8-10 week period leading up to the hardfork where the daily payout pool was lowered to 80%, with the remaining 20% being added to the new 7 day pot at the end of each day until that one was also at 80%. Then a simple switch over could have been done without any need for a "refill."
Perhaps it is simply not possible and my limited developer knowledge prevents me from understanding why this was not feasible. But if it was possible to do it like that, or in any way similar to it, and none of the witnesses or dev team spoke up about doing it in this much less harmful manner, then I really do not know what they are doing anymore.
I have always adhered to the belief that Steemit was built for the people, which is why I fell in love with it so quickly. But, it is beginning to feel quite the opposite. I shall try my best to remain optimistic, until one more thing happens like this again at least. Until then, I'm not quite ready to give up on this place completely. It has too much potential.
As for the announcement tomorrow. I can think of nothing that would be good enough to make up for effectively stealing all of the community's money, so I think they picked a bad time to deliver one. It will be difficult for many to get excited about whatever it is when they are still wondering what happened to their $100 in potential payouts that they were expecting.
I am replying to your post just to save it for later. I agree.
Changing the rules of the game like that requires hard forking; that's what a hardfork is.
So you just admitted that it could have been done that way, but you chose to do it in this way instead?
I totally understand. Why do it in a way that would have been a smooth transition with minimal effect on the community, when you can do it in a way that loses a lot of people large amounts of cash that they were expecting, and create an extended period of very low payouts.
Twice you have sent me an unhelpful message- and a condescending one at that. Do not do it again.
Reduced rewards for a week or two is already a minimal effect on the community. Nobody's going to abandon steemit (that wasn't already) because rewards dip for a week. The rewards aren't enough to keep people here even when fully powered. The community we have here is why people return, not the twelve bucks they get for their blogging. :)
Hardforks have a non-negligible overhead, and there is pretty significant value in not making them too frequently.
Maybe we'll empty the rewards pool average every fork just so that people don't get too many expectations. :D
Geek to geek that's an excellent comment.
@Steemit CTO communicating to @son-of-satire is not one on one, as in a chat. The whole community which is also reading your interaction.
With code, logic, cold, hard is all that matters.
When dealing with people, humans, words matter, @sneak
People will leave @Steemit if they believe that they are not valued.
Stupid people create the value, inspite of intelligent code.
I agree with everything you just said (wrote)... The potential could be off the charts -- but only with a steadfast, strong community of people behind it. And each time something like this smacks us in the face, it does seem like they could give two shits about anybody here (at least that how it looks)... I don't know crap about the tech end of all this.., and it blows my mind what they have managed to put together here (amazing)... But you can only get away with this kind of shit for so long...
Cheers @son-of-satire
I agree 100% also. It is truly amazing what they have managed to develop here. But, perhaps that is the problem. A team should be made up of more than developers. It's no good everyone sharing the same skill set. Hopefully the new marketing VP will be a good addition to the team, only I don't think Steemit is anywhere near ready for marketing after this.
What they need is a thinker, and someone who can serve as a community liaison to translate tech-speak into easily digestible words for the laymen. That could open a more transparent bridge of communication between the developers and the community and ensure that the direction they're heading is the direction that the community wants. If they keep going sideways, there won't be enough of a community left here for this place to have any chance at success.
I also have lost one of my big pending payout it seems - communications is an issue for sure but let us see what the marketing announcement will be today @son-of-satire
Payouts aren't paid out until they hit your account. Therefore, reductions in those amounts prior to payout aren't a loss.
The community can and should expect tweaks to rewards algorithms in the future. These are announced to the entire community, approved by witnesses, with full source code published and available for review by anyone, well before any changes take effect. These changes have been discussed extensively in the community for several weeks, and are required for the long-term scalability of the platform.
I understand that, hence why I said a loss in potential payouts. The overwhelming majority of those potential payouts would have translated into actual payouts.
This is irrelevant anyway. I said that I don't mind investing in the future of the platform. My problem is that we were not informed this would happen so that we might have had an opportunity to prepare for it accordingly. You can say that we discussed the changes extensively over the past week, and you would be correct. But, that's all the more reason that the ramifications of those changes should also have been brought up-- which they were not. The community's confusion yesterday is testament to that.
I really do not appreciate this comment you have sent me. Rather than a simple gesture of Steemit inc's willingness to be more forthcoming in future, you instead thought it best to float some technicality as a defense to an issue I already said I could deal with.
Furthermore, you address the real issue of a lack of communication by stating we can all go and read the source code? Not all of us can understand that shit, and you know it. This looks shady as fuck that you expect the community to find out important shit through reading a source code rather than a simple post from the dev team.
Great job at restoring my faith in you guys with that helpful comment.
What happens to the posts we write now, will the amount change when its all sorted or does it not?
It sounds like if you post stuff now, expect a low payout? Kind of taking one for the team. A sacrifice...that's how I understand it.
Oh... do we continue to put extra effort in or wait?
we can vote.
Very true
Well just pretend we are on FB where you NEVER get paid LOL
So true but then I hate FB, peoples statuses drive me mad
Yes Ma'am! I know that. That's why I'm here too!!!
cept on fb all of your friends and family are there and millions of businesses and other things etc..
True enough, but on FB I would have never met cool people like you @onlyvoluntary and @karenb54! ;)
I can't dispute that haha :)
Except for some of us FB generate actual clients and income via exposure in to the thousands of friends, their friends and groups.
The only advantage of Steemit was a cash payout that was growing for me.
I'd be interested in that to, I've wrote what I would think were 2 petty good articles, ok so one was a load of pictures of my mother's dogs but none the less probably would have earned me a nice reward, will these posts slowejw start to get compensated as the steem comes back?
I've also noticed a large drop on upvotes possible because the autobot's aren't doing their thing?
Total post rewards per day (in STEEM) will be increasing sub-linearly over a month or two, until reach a steady state (same size to pre-hard fork period). If you want to get more rewards (in STEEM), and you're sure that there will be same quantity of people (or more) that will vote for you, and no more authors will be posting (to compete), you can wait a month or so. But who will know a STEEM will worth how much $ at that time?
We need a few answers, I want to continue writing but don't want to put to much effort in if I'm getting nothing back, I've just posted one that I think would have been good payout... or I maybe wrong
It's not worth it to me to take the time to post and promote in the chat rooms several times a day and now for 7 days for each post (really?) for .25 when I was making $10 to $40 which actually added up to an second income.
And this well FB and IG does not pay you that is going around is total B.S. in many cases as I get work (paying clients) from those sites so yes it does pay me when new people in my local area see my posts and hire me. Unlike Steemit that has 2000-3000 users world wide.
I was really enjoying Steemit again and getting paid for posting. For the same time put into Steemit, there are many other legit money making opportunities online that will pay perpetually. It is boils down to ROI on time invested and if working for a few pennies per hour is worth it or not to you.
Yes, @nspart
Till @Steemit rewards every piece of content till the end of Steemit, content producers will give that piece of content more legs by posting on AdSense enabled platforms.
If also posted on Blogger, Medium or WordPress wonder how that would work for @Steemit's SEO?
The time lag to have @cheetah flag @Steemit content duplicated somewhere else has just dropped to 7 days, instead of 30 days, after hardforks 17 & 18.
I'm on 2 minds what to do, I would like to hear something more concrete from the big guys. Not sure where wet stand or what to do at the minute
I think you just keep posting as normal. You won't be making as much these next few weeks but it will catch back up to where you were before soon enough. And who knows if everyone else stops posting maybe you pick up a few more followers for when the rewards are higher again ;)
I hope so, its like starting all over again lol
I think everybody will understand this because it will be for the best of this platform! Patience will pay it back! :D
Thanks for the news!
It was only about 80 cents but I was upset lol
80 cents can buy a loaf of bread from Jimmy John's :v
Interesting, thanks for explaining. I look forward to seeing how this pans out.
Thanks!
P.S. As long as this has no effect on free speech have at it.
...because it still says "steemit BETA", I'm ready for it. Do what has to be done.. we're in BETA phase. Now is the time to make changes like this...
After it is completed though, please consider my diamond-feed idea for special viral promotion by authors that readers can enjoy. posted it today!
You may want to rephrase that, or redefine "couple".
lol we'll see
Thanks for the update! :] I'm curious how this new normalize payout works n all. Cheers for the HF 17 & 18.
A moving average of what?
Is it a weighed average?
Why not stuff the array used for calculating the moving average with 30 guestimated values in stead of 0s at start up of this calculation method to avoid this effect that all moving averages predictably have?
thx for the info - looking forward to the development :)
Could you perhaps put a prominent notification on the site to direct people to this post?
ok this is a bit on layman's term..now I get it :)
resteemed too!
Very glad to hear this as I was happy to come back to Steemit. But making .05 a post after making $10 to $40 was not motivating at all.
Also what happens to the money /value we lost on our currently active posts?
Resteemed as everyone needs to know this.
Glad to finally hear something explaining it in a simple way.
A day late and a dollar short. Would have been nice to have this spelled out last week. Then I wouldn't have built up the hopes of a friend.
Brilliant!
ANNNNNNNNNND BREATHE :p. These things take time :). Go steemit!
nice
Awesome... For the rewards to fully recover, is this a 7 day process or 30 day?
Apologies ... but a bigger explanation is needed. Will votes made now steadily increase in value, meaning that people should just carry on as normal and over the next 6-7 days equilibrium will be restored?
Or, something different?
What happens to the rewards which have been wiped off posts made yesterday? Are they going to be restored at some stage?
Assuming the same daily rewards pool is still being generated, where is this being distributed to? Or is it to be reapportioned on a 30-day moving average, which I assume started about 30 days ago ... or something else?
It seems that we are hitting and hoping otherwise!
Check my post and the replies.
wow,I see,resteemed !
What about the promoted content? Why are still that old posts projected there?
I appreciate the hard work and the readiness to respond to the community! Great work Steem wizards!
I still haven't seen a good justification for the sp sharing.
What do you mean the ability to spit the money from a post?
No, that one is ok, I refer to the delegation of sp voting power, we have seen what happens when the whale influence is allowed to run wild, they suck all the rewards to the top and the 99% starve.
This is what that experiment has been about.
Apparently somebody with influence at the top pushed a work around through.
It's good crapitalism, but bad for brand loyalty, imo.
There are a couple reasons:
Reducing account creation cost by requiring a delegation of SP alongside account creation. This allows us to make millions of accounts without spending millions of dollars, which is super important.
SP delegation allows @steemit (which currently holds a huge amount of the platform's stake) to delegate SP to a broad swath of the userbase (as a part of an achievements system, for example, driving retention and re-engagement), reducing the relative influence of a few dozen large holders of SP by creating a sort of SP "middle class" (via delegation to active, engaged users).
For a quick off-the-cuff example (all details subject to change, this is just a quick hypothetical), imagine an achievement called "On That Grind" that is given to a user who makes one original post per week that yields >$10 in rewards, for four weeks straight. A set of such users would be a great group to bestow stake delegations on, as they are contributing meaningfully to the platform and everyone would benefit from giving them increased curation influence.
Thats Great @fayehalliday and I were wondering what the hell was going on! Cant wait to see everything back on track.
30 days in crypto is like ages not temp ;)
Thank you for clearing things up there, it was nice to be able to earn bits of money from Steemit so here's to hoping things go back to normal.
Unfortunate. As I join, but I am very eager to become part of the community so I will be patient..
How about Honesty. This is NOT temporary. It's been 18 days and the levels are no where near where they were. Not only did we get robbed of the money on the active posts at that time about $30 for me over $100 for some I have seen. But also levels show no sign of coming back to anything close to what they were even with Steem currently at $.25...
And I don't believe they will be coming back to those levels, unless the prices of Steem dramatically increases and you have a large active following using a lot of voting power.
The majority of people making decent payouts ($20-30+) now generally have over 1000 Followers and their actual content really does not matter in many cases from what I have seen. I don't see this as an improvement, but more a slap in face to the users and quality content creators.