We have seen throughout history that for an economy to excel, it cannot have a huge separation between the rich and the poor. A huge income inequality is a recipe for disaster which was repeatedly proven over the years. Some have a great deal of concern about the United States, once the model for a stable economy, since the last 30 years saw the elite get even wealthier. The destruction of the middle class is causing grave concern with many economists to the point they believe the economy could implode because of this.
The same is true for Steem. Since blockchains have a monetary feature to them, part of the ecosystem is economic. Hence, just like the U.S., if there is a huge gap between the haves and the have nots, a problem could be on the horizon. One benefit STEEM has that the U.S. economy does not, is that the system is designed where the percentage of the whole held by the large players is reduced over time. Last year alone, the top 10% saw their overall holdings diminish from 88% to 81% percent. The largest gain was made in the Minnow group who saw an increase of over 5%.
What STEEM really needs is a thriving middle class. This is the basis for any sound economic system. On this blockchain, it is the Dolphins who represent that group. They are the one who will ultimately make things go. Dolphins have anywhere between 5K-50K SP which means they have enough power to make a difference, both individually and collectively. Also, since it is not an outrageous amount of SP, there should be a ton more of them than there are Whales. This is what will help drive this ecosystem forward.
For those unaware, @fulltimegeek started the Stewards of Gondor program where he delegated SP to roughly 40 individuals. Through this program, he allocated 5K-10K to each person (maybe more to some) which instantly made them Dolphins. In other words, he basically created 40 Dolphins by spreading his SP around.
Certainly, he could have kept it all to himself which would have netted him a nice return. He could have rented it out in an effort to improve his ROI. If he so chose, curating at that SP would mean a very nice monthly income for himself. Yet he chose to give it all away in the form of free delegation. Why did he do that?
Without speaking to him directly, it appears that he understands what it takes to make things thrive around here. One Whale is not going to influence too many Minnows. There simply is not enough time in the day to interact with that many.
Looking at last week's stats that @abh12345 put together, there were over 23,500 upvotes, many of them, I surmise were given to Minnows. Personally, I gave 606 during that time period with a guesstimated 75% going to Minnows. Would I have made those votes anyway? Perhaps. But the difference is, because of the delegation, my VP was worth double. This means that each Minnow received essentially twice the SP from my votes than he or she would have otherwise.
Here is @abh12345 post:
This is what a thriving middle class does. It is able to reach large numbers of people because of the sheer numbers. Tens of thousands of Dolphins can do what 100 Whales never could do, help hundreds of thousands of minnows. Naturally, we are not to the point where we see these kinds of numbers but they are coming. We know that within the next 6 months, there will be hundreds of thousands of active Minnows. The question is how many Dolphins will there be to help pull them forward and help their accounts to grow.
And this is where the Whales come in. What @fulltimegeek is doing is one approach that is obviously proving effective. @stellabelle, @wwf, and @steevc did the same thing. An interesting aspect of this is that some of the delegates are starting to do the same thing. @wwf was a receiver of SP from @fulltimegeek and now he is delegating some himself. I saw others who mirrored that with some Minnows in an effort to get them ahead quicker. Again, we see the multiplication impact.
Everyone wants to go to the Whales for everything. After all they have the SP, so people constantly want to hit them up. Overall, I found most Whales are very dedicated to STEEM and are doing a lot to make it succeed. However, in my view, it is not the Whales job to help Minnows succeed. The numbers are stacked against them. When you have the amount of people signing up and posting (30K authors daily at last count), the Whales simply cannot view all that material. That is why it is best for them to support the Dolphins who, in turn, need to support the Minnows. One Whale, @fulltimegeek, assisted 40 Dolphins who are assisting who knows how many Minnows.
Quite frankly, Whales have bigger fish to fry (pun intended). Many of them are from the technical side of things meaning they are involved in the development of apps and on the blockchain itself. Others are involved in the witness program ensuring that this blockchain runs smoothly. Still others are involved in the development and consensus on the rules that the witnesses implement. And still others took it upon themselves to clean up the site.
Of course, there are a number of Whales who do go around upvoting content they like and believe to be quality. I see many who not only upvote posts, but the comments also. Some do very little posting themselves yet their blog is full of resteems. Through this, they are doing their part to make STEEM a thriving ecosystem.
I believe that in the not-to-distant future, we are going to see a time when the price of STEEM precludes most people from buying in at Dolphin level. Just using $20, that would take $100K for someone to get 5K SP. Even $10K would only get someone 500 SP, a long way from being a Dolphin. Since Dolphins are needed to keep the "economy" of STEEM thriving, where are they going to come from? It is only through the support of the ones with higher SP that this will happen.
Therefore, we need to do everything we can to make the Dolphins more powerful so they can touch as many Minnows as possible and get them heading towards the minimum of 5K SP. There will be a time when 500 SP is a lot meaning the Dolphins will be the new "power breed". Over time, we will see some Whales powering down as they cash out for various reasons. This will only further enhance the situation I am referring to.
The future success of STEEM depends upon a strong Dolphin base who is active and focused upon supporting the Minnows as much as they can. This is what is going to lift this blockchain to even greater heights. Fill this place up with hundreds of thousands of Dolphins and you have a blockchain that will be worth hundreds of billions of dollars (if not into the trillions).
And this, I believe, is the motivation for @fulltimegeek and others like him. The payoff at the end will make it all worthwhile.
If you found this article to be helpful, please give it an upvote and resteem.
To receive the free basic income tokens you are entitled to and help end world wide poverty, please click the following:
Pictures by Google Images
Totally agree with this. We need more Dolphins.
BUT we shouldn't just be relying on generous Whales like @fulltimegeek to artificially be cloning them by the dozen.
Aspiring minnows need to get down to work the works, stave off the temptation to power down when they get a few hundred bucks, and buy some steem while it is still just feasible to do so.
I made it to Dolphin at the end of last year buying the last batch of steem needed the day before the price shot up!
What I hadn't realised when I became a Dolphin was how few there are. To become one of less than 1400 in the whole world could make me feel endangered.
Suddenly I have been propelled into a somewhat mythical world. I am the only Dolphin in Wales, and I am one of only a handful amongst the Homesteaders community.
It is great being able to help the minnows with useful votes but there urgently needs to be more of us.
One Dolphin can't support all of Wales !
I agree with you about the aspiring minnow powering up whenever they can. I see so many who simply do not do that. Looking in their account we see SBD moved out.
Sure there are many who really do need the money and for them, I understand. However, people should keep as much as they can on the platform as they can.
Yes - hopefully with a rising steem price people will see it as more of an investment to hold on to it and power up.
I have come across quite a few who joined in last summers boom months, accumulated a few hundred and then come the darker, flater, slower days of October / November cashed out.
I suspect they regret that now 😊
Hi
I am a new dolphin (a couple months a dolphin, 10 months or so on Steemit) the grind to dolphin is real. How do I connect with other dolphins to help each other in the grind to Orca?
I see the value in helping minnows and plankton, no problem. I made my 8000 th upvote recently.
But I think my journey towards Orca requires more dolphin to dolphin interaction. Any ideas or suggestions?
My dear friend, I will be a dolphin in a few days. It took a lot of hard work but I am going to get there. :) You are not alone.
😊
I agree, @pennsif! It's taken me some time to become a Dolphin, all through posting. It's an interesting position to be in. I seem to constantly adjust my voting approach, but I really liked @jedau's perspective that we invest in Steemians like we would invest in cryptocurrencies. It's hard to invest in folks that don't invest, themselves, here on the blockchain as well. Especially homesteading folks, because the idea of investing in long-term production capacity is so central to homesteading. Our Steem Power is like our homestead soil.
The other part that's been interesting about being a Dolphin (still a small one) is finally understanding how much we can vote. I see so many Dolphins hoarding their voting power. This lets us bestow upvotes of a couple dollars on ourselves or a few other people. But we can vote over and over and over -- at 100%. Even though our voting power may go down to 30%, we can still give higher rewards than most people on this platform. The more that Dolphins vote (and even high-powered Minnows), the more balance there would be in the platform.
Hi @haphazard-hstead - thanks for the @jedau link - most interesting. Will definitely revisit my thoughts on this.
The idea of how invested people are in the platform has just come up for me in the context of a new monthly grant giving project I have just launched. Inevitably that will be a criteria I will have in the back of my mind at least when deciding who to award grants to.
I'm still trying different approaches with voting at the moment. I'm currently working on my #SignUp100 campaign to get 100 more people on to steemit this year - particularly in Wales. That brings with it some degree of moral, and practical, obligation to fully support the new people I am onboarding - at least until they are past the initial few danger weeks when rewards are generally very sparse.
But as the numbers grow, if I am doing my job properly, that will become an ever more tricky task to balance well. 5K+ SP is very useful but it can't work miracles !
Your effort to bring on 100 people is admirable! And it will require supporting them for awhile, for sure. It's a complicated ecosystem here on the Steem blockchain, especially now with more and more platforms and projects connected to it. We all have to keep adjusting -- keeps us on our toes! ; )
This is my position ^^^ I am trying to post quality content daily and comment/interact with other posts. I have been powering up everything I can spare trying to get to 500sp. I want to reach a point where I can help others succeed as well as invest in the platform and my future!
👍
I agree. The only way is to zoom through the lower levels, them grind it out between 55 and 60 (thats where I am now and it seems to take forever to inch up to the next level).
Just keep posting daily, post good content and eventually, it gets seen. Ive been lucky that Ive had several posts picked up by whales. In each case, though happy to get the rewards, i noticed an almost obscene difference between my normal post returns and these isolated cases.
Curating good content at every opportunity has earns a consistent amount. This is what we can do best at the lower levels of the Steemit ecosystem to help both ourselves and other minnows inch our way upwards.
Better to view whale curated posts as anomolies and stick to earning the rewards.
Yes, just keep at it is the only answer.
This is my position ^^^ I am trying to post quality content daily and comment/interact with other posts. I have been powering up everything I can spare trying to get to 500sp. I want to reach a point where I can help others succeed as well as invest in the platform and my future!
It's the only way. At least you will know thatvfollowets and upvoters are genuinely interested in your work.
I agree:)
I have written a couple articles about building and lifting the network and spiralling value outwards to those who are looking long-term and hopefully more with 'unused' SP will loan it outwards to do this. I call them community nodes.
I pay for delegation so I can be part of the community at a greater level but as some have mentioned, the smaller accounts need to spend some time developing good content and building their own wallet also. It is not good enough to rely on others for eternity nor to rely on bidbots and support programs.
It is getting quite expensive to keep paying for the delegation, though I can wear the costs better than many. 20 percent or so of my own SP is also delegated to others, some new starters, some for manual curators.
Lots of ways to help at every level of the ecosystem, it can't be left up to only a few though.
This is so true and often overlooked. So many people think they cannot contribute yet they can. There is so much going on here that it will take the efforts of everyone to really move this forward. It is happening before our eyes which is a wonderful thing.
I appreciate your comment @tarazkp. Yes not everyone is able to rent SP....in fact, it is risky for a great deal to do that since they do not understand how this all works.
As for the entire network, that is key....if STEEM is truly going to reach its potential, we need to see all aspect of the ecosystem improved and uplifted. Therefore, personally I am doing my part by posting and interacting with others. I leave the coding to the experts. LOL
I completely agree with you. As the platform grows, it will be harder and harder to grow the middle of the earnings curve, at least from a numbers standpoint. I appreciate what is being done already and the attention that segment continues to receive from posts like this. Hopefully we can continue to put an emphasis on it moving forward so that the overall health of the platform can continue to grow and thrive. I think the communities will really help diversify and grow certain sectors as they should be able to "specialize" in certain areas. We'll see how it goes.
I also think there needs to be a little more emphasis on upvoting comments rather than just new content. Both are important but I think people who comment are showing a much greater willingness to get involved and actually care about the health of the platform. Too many times I see authors with $100+ on their posts while the commenters providing the bulk of the upvotes (if not the dollar amount) receive pennies, if that, for their support of the author. It makes it a little frustrating to make the time to read posts. Just my thoughts.... Thank you!
I'm one of those guys who mainly comments.
I work long hours and I don't have much time. So for me I have to find the balance that makes most sense. I could spend my time writing posts that few people would see or I can spend it commenting on posts from authors I like.
This is the better option for me all around. More people see my comments than see my posts. I help add value to quality work. I make more from comments than I do for posts. That means that currently, me commenting is better for Steem, the authors, and myself.
This might change in the future if I have more time and as my SP increases but I can't really see me slowing down on commenting. If anything I will probably comment more.
Another factor I think about is that when I comment on a post my interests and the authors interests are aligned. We both derive satisfaction from acknowledgment and engagement in what we have written. I put effort into comments, just as authors put effort into posts. When others recognize that it makes it feel like our time wasn't wasted.
Thank you for your comment @dagger212.
I have thought about writing a post covering that same topic.
That is something I noticed a number of Whales do...not only do they upvote articles but they will also upvote comments. Yet, when I look at what whales and dolphins do, many of them will upvote an article yet not the comments. This is especially true in their own articles...you will see them comment back but no upvotes of the comments given.
I guess it is part of the educational process on here. So many come here looking just post...it is a process to get them to comment...then they upvote articles...then we need to condition them to upvote comments.
@taskmaster, I agree with you 100% on this post. Well written and I thank you for bringing light to my work as well. I was delegated 10K from @fulltimegeek as he loved my posts and hoped that the spirit of my message would influence the other Stewards of Gondor.
I found that when I started delgating my own steem away to build up those who were red-fish / plankton to help them become minnows, my own success increased. It was an amazing observation to see the rewards for giving and helping.
I suspect that @fulltimegeek is witnessing the same for himself, although he has not come out and said it. I have 8 people with whom I have delegated and committed to helping them become minnows. My help is not just in delegating steem, but I also help bring awareness to their blogs by created the 'Stewards of Terra Mater', similar to what @fulltimegeek did with his 'Stewards of Gondor'. The publicity helps tremendously and should not be ignored. But I also go one step further and I provide them with guidance and assistance to help them learn about the system, answer questions and mentor them through the journey. It is hard work, but I know that these 8 individuals will pay it forward and that is how we build a community and strengthen it so that the bullies don't tear it apart.
It takes a leap of faith to delegate so much steem away. At one point I had delegated 99.9% of my steem. However, the steem just keeps rolling in, so it is hard to keep giving it away! lol
I really do encourage people to build their own team. It really does pay off for ALL involved. Thank you @taskmaster4450 for writing this blog post. Well done my friend and fellow Steward of Gondor! May we influence this platform and may the ripples of our actions spread throughout the platform for all time.
Thank you as always @wwf.
And it is my pleasure to include you in this post and share with all the wonderful work you are doing with your SP and the following you are creating. It is truly magical how so many people are positively affected by the acts some are doing on here.
It is funny you mentioned a following...while only doing my first delegation last night, I have taken the approach I am going to help those who follow my by upvoting all comments (that I see...at times I get overloaded). The other day I was thinking I am the pied piper of Minnows since it seems I amassed a following of them. LOL.
That is okay, the regulars reply to all my posts and get between 14-16 upvotes per week from me. Over the course of a few months, that will have to add up. Hopefully they remember me when they become famous.
It does get overwhelming and my vote power is delicate as a result of me upvoting those I've delegated towards. I hope they remember me when they become famous too! lol
I don't know if it will help my friend, but I will remember you. 😁
VP is like gold...so precious and in need of guarding. It is best spread around but not too much...just enough is magical...a tad too much and it is diminished.
More art than science.
Indeed! I work hard to make sure it does not drop below 75% but mostly the point where it can recharge in 24 hours. That is the goal.
Beautifully and wisely said!!
Generally, the crypto holder or reach person can rapidly achieve the bigger whale and instant got massive reach, in thus situation for middle person or lower need just 20k-35, SP that's the enough, rather than yiu csn choose many thing! @taskmaster4450
Upvoted & Resteemed!
I am one of the users who've received a 5000 SP delegation from @fulltimegeek and I agree with everything you've said!
I want to build my account not only to become more powerful myself, but also to delegate others to grow our whole community.
840 is the number of unique authors I upvoted last week and I would've done that even without the awesome SP delegation too most likely, but the upvotes would've been worth just a fraction without the delegation, so with this delegation it truly feels that I make a difference.
And that's also one of the reasons I want to delegate others too in the future. To give back and to grow our entire community.
This hits the nail on the head. When you look at the number of people you upvtoed and the amount of SP they received versus had you not had that SP, it really makes a difference. Sure, for each person it isnt a huge number, although, if you are like me, you are hitting up the same people multiple times throughout the week. I try to upvote every comment on my posts meaning my regular commentors are getting 14-16 upvotes per week from me.
That's exactly what I've been doing too! 1881 is the number of upvotes and 840 is the number of users who got the upvotes, so many of them received multiple upvotes. Especially the users who comments on my articles regularly.
I'm a firm believer in the fact that I would be nothing without my readers and followers, so the least I can do, is to respond to and/or upvote each comment I get on my articles. Which is why the regular commentators will and can get multiple upvotes.
I agree @hitmeasap.
I often wait until my VP recharges so I can give decent votes out...even when hitting the better comments at 7%, with the price of SBD, it is decent money.
The whales often get attacked for circle but, when you think about it, that is the way to large scale success, both individually and collectively. If we upvote those who comment on our posts, then, over time, their votes are worth more which increases their votes to us which increase our SP...and so on.
Pulling up minnows with upvotes helps my own SP received on my posts since they will carry more weight.....hopefully they will all become dolphins soon (and remember me when they are lol).
Yeah, I've been struggling to keep my VP but it's a work in progress. I recharge slowly but steadily right now. While I continue to spread the wealth as usual. Almost.
People have to see the bigger picture, or at least try to see it. Short term thinking can be good for all of us, but long term thinking is what really will change everything for the better. Keep up the good work!
I agree. I guard my VP like it is the most valuable thing in the world...I will not let it get below 85%. To me, it is crucial I exert discipline. I see many with a ton of SP yet their voting weight is down to 10%. Suddenly a 100K SP account is voting like it is 10K...or a 10K like it is 1K....I am like, look at all that SP just tossed aside.
People need to understand how early the blockchain game is. We can truly change humanity through crypto tokens. STEEM is going to be a major currency to do that since it will be in the hands of people since they can earn it on here. It is up to us to get it to as many people in as large an amount as possible.
Plus an upvote from a Dolphin could well inspire a Minnow to keep at it....that could be invaluable.
Well said! I'm down to ~58% VP right now, but I was at ~50% when I got the delegation so it's not a mystery that I drained my VP.
However, everyone will benefit more if I get my VP back, which is why I'm trying to recharge it. Even though I do it slowly.
I just can't stop to upvote content to get my VP back faster, so I still vote but I do it with a little less percentages. Slowly but steadily recharging. :D
I see it as a win/win for everyone, and it will be an ever larger win when I'm back at higher VP.
It would be interesting to compare the total amount you give out by voting with a low %, but keeping your vote power high -- compared to voting at a high %, but letting your vote power drop to 30-50%. The way I look at it, I can give out lots and lots of higher value votes, working my way to a lower voting power. Our voting power only drops 2% of the remaining power, with each 100% vote. So the decline in value gets less and less as we vote more and more.
Great stuff :)
Nothing more to add from myself that you haven't stated in the post, or the discussion with @hitmeasap.
@fulltimegeek is a class act and one of a kind with regards to the size and spread of his SP delegations.
It would be great to see more follow and perhaps given time, they will. The additional nice part about it all is the 'sub' delegations that have started to appear. Lets see how far we can get with this, it could be epic.
Fine work, and thanks for the mentions!
Maybe you can tell me...how does one delegate?
What are the technical aspects in one's wallet of how it is done?
I use this tool, by Steem's number one witness: https://steemit.com/steem-project/@jesta/vessel-006-steem-power-delegation
Accounts, SP Delegation:
Additional account creation: https://steemit.com/steem-project/@jesta/vessel-007-account-creation-encrypted-memos-bittrex
Good luck :)
In addition to vessel that @abh12345 mentioned, you can also delegate from steemworld.org
But I am not aware of any way to delegate from within Steemit itself.
Thank you @preparedwombat.
That helped a great deal....very simple to use also.
I use this tool developed by @justyy to delegate.
https://helloacm.com/tools/steemit/sp-delegate-form/
I have a lot further to go in becoming a dolphin if the definition starts at 5000 sp, but I think that's the status I'll strive and be happy with if I get there.
You will get there @dirkboy41.
1K SP after signing on in December is a good start. You will get there by the Spring if you keep on going. You next goal is 2,500 SP...commenting can only help you in that regard....
There are so many different ways to bring SP into our accounts...it is wonderful when it starts to snowball.
Appreciate the encouraging words, but 99% of it is funded as an investment, but I'm already pleased with the earned SP from interacting on the site. Slowly but surely, I'll get there eventually!
Thanks for the information. I'm relatively new to Steem and am still learning my way around here, but you get it. By helping others, you help yourself. I hope to become a Dolphin at some point in the future. Steem has the potential to go up 50-100x if the community plays its cards right.
50-100x?
LOL You must have been reading my posts. Well to the land of lunacy where STEEM optimism reigns supreme.
Of course, those who dont believe might be the ones eligible for the funny farm since your prediction could well come true....I am of that belief too.
Even at that lofty valuation, Steem would still be worth only a fraction of what Facebook is worth today. You tell me, on which platform is it more profitable to spend one's time?
I am not in the Steemit is after Facebook camp...at least they arent going for it at this time.
Steemit is being geared to attacking Reddit. The features are similar (even the name matches) and communities are going to mirror subreddits.
Of course, all of STEEM is not just steemit...we know D.Tube is going after the youtube crowd and, in my opinion, will have huge success at doing that.
Overall, we are going to see much higher numbers.
I completely agree... look at China... for so long they really only had the two classes, the divide between the rich and poor was absolutely massive.... for the last 20 years though they've had an absolutely thriving middle class and not only has the Chinese economy absolutely thrived because of this, but the world's economy (especially in real estate and education) has all benefited from this.
I'm just a redfish/minnow myself, but I'm working on the @thefreshfive project that is working on new user retention... making sure new users to the platform feel heard and welcomed. If anyone would like to delegate SP to @thefreshfive you can be sure it's going to a good cause that helps the platform as a whole.
Thanks!
Your analogy to china is wonderful and accurate @aussieninja.
One of the attack on the crypto market is most of the coins are in the hands of only a few wallets. That makes a lot of sense when you think about it since the early adopters got in at lower prices (and risk I might add) which enabled them to add a large amount. The question is does a token have the ability to be spread to more people over time.
I believe one of the advantages to STEEM is that, through the reward system, tokens are generated and given out to all people who participate. Yes the Whales still get a lot...however, the entire minnow class is getting more and more each day.
Out of curiosity, I've been seeing a lot of accounts that are always resteeming articles and flooding their blog with them. Is this beneficial to Steemit and something I should look to do myself? The same with using voting accounts?
To be honest I'm a bit lost when it comes to those two topics and feel like practicing writing and putting out my own posts is better as a contribution but at the same time getting behind the ecosystem seems like a much better use of my time so that we all benefit from the platform.
Great post yet again, really appreciating the info about how Whales and Dolphins effect Steemit. Also, big ups to the people who are striving to balance out the ecosystem.
I would say your best contribution, at this point, if new, is to comment comment comment.
That is how you build a following and you will also find that people, especially successful authors, upvote comments. Just last week a whale, who really hadnt upvoted my posts, hit up a comment of mine...it was $44.....
Commenting is how people get to know you....plus the site really needs more people commenting.
Totally agree, love dropping by to see peoples posts and interacting. Just wasn't sure what they situation was with resteeming and voting.
Thanks for the advice buddy!
No problem.
I forgot to answer part of your question.
I personally am not into voting bots. For some they work well....others not so well. That isnt to say they cant work..just be careful.
I think the communities will make getting recognized for newer people a lot easier. That said, I still think that commenting a ton gets people noticed and gets one a fair bit of SP coming in.
At what point is one considered a "dolphin"? I understand that this is probably arbitrary, but has a standard arisen on Steemit about these classifications that I'm not aware of?
From my understanding @zoidsoft, it is 5K SP.
On the upper end, I am not sure where the cutoff is from Dolphin to Orca. Of course, literally, SP isnt used but MVests.
I would say 5K-50K is pretty much a dolphin....50K-100K an orca...
I guess that puts me somewhere between a bass and a northern pike.
My understanding has always been that it’s based on powers of 10.
1,000,000 vests = minnow
10,000,000 vests = dolphin
100,000,000 vests = orca
1,000,000,000 vests = whale
The stats from @steemitboard are based on these powers of 10 and I’ve seen them mentioned elsewhere too. Don’t know if it’s official from Steemit, but it does seem fairly widespread.
Which works out to roughly:
500 SP Minnow
5000 SP Dolphin
50000 SP Orca
500K SP Whale
Good to get a general idea.
Thank you @taskmaster4450, clear, concise, and well written. Being rather tech nescient myself as I'm sure there are others, its a tough task learning the ropes. A year ago I couldn't make a post, let alone wrapped my mind around the whole idea of crypto, or mixing crypto with social media. I in no way knew what a block chain was. I am learning a ton, these things are starting to come together now. I'm rambling , I realize it's off topic, sort of. But these types of posts make things a whole lot easier to understand. The dedication to building the platform, as well as lifting others to do so is highly motivational.
Btw, the amount one can learn just by reading the comments is worth the price of admission.
Yes it is truly amazing what gets shared if people will read.
Too often people skim through an article and throw up a bs comment in hopes of scalping some SP on an upvote.
I learn more from the comments than the article itself at times.
I have been crunching the numbers and for me to even get to a 1000SP target I need about 800 SBD.
Yet I am motivated to do it because of all the minnows I am helping out in @steemitfamilyph in getting them confident and writing good articles and not vote begging or using one of the five tags as the name of a whale.
To make them quality STEEMIANS who will further enrich the community with their content.
Start of the year I got an 800 delegation from @blocktrades because I wanted to make a little
more difference from being able to upvote 10 people a day because of my low SP I can now upvote a lot more and even reward very good content with a full vote which merits .41 cents at full power. Very small compared to dolphins and whales but to us Minnows (I don't think I am a minnow yet) is a huge difference.
Let's face it there are just too many material out there for a handful of whales to notice and with all the votebegging they get its so hard to filter through the noise.
So it does make sense to delegate some of those vests to dolphins and even minnows who are trying to get involved and enrich the content of the Steemit community.
It is admirable that a lot of the whales you mentioned are doing that and you for that matter have done really well in mentoring people and empowering them to be a good part of this community.
Always a pleasure reading your thoughts and giving hope to people.
I doubt that there will ever be hundreds of thousands of dolphins...
Dolphins will always be relatively rare since it takes ten million vests to become one. It’s now just over 488 Steem Power per million vests. Last spring, it was 470-something. So I think it’s probably somehow tied to the inflation rate of Steem itself. If so, the amount of Steem Power needed to acquire the 10,000,000 vests to become a dolphin stands to increase over time.
There’s less than two thousand dolphins as is. Even if all Steem was spread out evenly, there would be less than 60,000 dolphins.
But bigger minnows can take up the slack. I’m not (yet) a dolphin, but I’ve already started doing some delegating on a small scale such as the 100 SP I delegated to @eaglespirit who I “adopted” as part of the 1KSP initiative.
Ok I will settle for 60K dolphins LOL
The middle class is crucial. If it wasn't for a few people on here who have some decent SP I would be making nothing. You are chief on that list @taskmaster4450.
It is the difference between a vault with all the wealth locked in it benefiting no one and being surrounded by a world of abundance and wealth.
When I came here I found your posts pretty quickly and I realized that this is one of the few places that the whole abundance mentality thing is actually practiced by a substantial group of people. I have tried to apply these principles consistently and I have been steadily rewarded for it.
I do my best to share. I try to provide thoughtful comments to quality authors. I upvote a good amount of posts and comments. And I have engaged more than a few newbs in discord to try to show them the ropes.
I don't have a large account yet, but from my pov I am crushing it with this strategy. This all due to the generosity of others. We have an opportunity to raise people up here and show others what the world could be. That is what this place is all about.
Thanks to @Fulltimegeek for helping others do this work and for everything else you do. Thanks to all his delegates for actually doing the work of making Steem an awesome place for new Steemians like myself. And thanks to @Taskmaster4450 for continually lighting he way on the path to abundance.
Keep Steeming!
Great analysis, couldn't agree more. I think otherwise you risk an incredibly imbalanced hierarchy (as you noted) or a lack of continuously meaningful interactions, which Facebook is now suffering from. While obviously we'd all love to see Steem reach FB-like levels, there are perils which we can work to avoid now.
https://www.theverge.com/2018/1/14/16885314/facebook-news-feed-changes-meaningful-interactions
You are right, but how many dolphins are there yet? I read in some post yesterday, that even being a minnow means, that you are already in the top 2%. So therefore I would conclude, that we need a broader base on minnows first, before even thinking of making dolphins. It´s like every good pyramid system - the top is only as strong as their base is - this is true with houses as well as any political or economic system.
@arcange tracks these stats. As of today, there are 1,355 dolphins:
https://steemit.com/statistics/@arcange/steemit-statistics-20180113-en
Thanks! See, that´s what I mean... this is still the absolute elite...
I cant answer that @atmosblack. I dont know how many Dolphins there are on here.....
What you say about the Minnows, if not true now, it will be with a major increase in the price of STEEM. If it takes $10K to get 500 SP, that leaves a lot of people out from buying in. 500 SP is still an achievable point rather easily...people can get to that in a few months on here even if they do not buy in at all.
You are right! We do need more dolphins. There are too few to help all the minnows swimming alone out there. @fulltimegeek is a visionary and we need more like him to help Steem grow like it should.
Considering the time that I am trying to spend here, this post actually made me emotional. I have been struggling to come but has been real difficult. This post gave me a sigh of relief that there are people here wanting to help others.
I might not be necessarily looking for the same but that allocation and the distribution thing, and that economy of sharing of wealth through steem is very beautiful.
I followed each one that you mentioned in the post except for @stellebelle . It says that the page doesn't exist. Something wrong with the internet or with the person's id?
And, thank you for the motivational post @taskmaster4450.
Sorry @jeetendra.
It is @stellabelle.
My fingers went too fast in typing...corrected it in the article.
Thank you @taskmaster4450.
Great post. I'm lucky because I joined steemit only 3 weeks ago but I get some support by a friend who joined early and has dophin class SP.
Without his support it would be so frustrating to see hardly any support for my posts and maybe I would have quit already.
I hope the 'middle class' grows and keeps on support new member so the platform can keep on growing and steem keep's rolling down the mountain as a snowball :-)
Yes! I see this as being one of the only sustainable solutions. Spread the voting power around- whales delegate some voting power to very active steemians who are doing good things. Many of us have more eyes and ears than 1 whale! I wonder what the majority of whales think about this? It seems in their best interest anyway as it will undoubtedly expand and enrich the platform! People feeling more encouraged with bigger votes on average keeps people posting and curating!! Great thought provoking post!!!
You are 100 percent correct about how the Dolphins encourage the minnows. I have been on steemit for alittle over a week and whenever a Dolphin upvotes one of my post it really makes me feel like I am doing something right. I have also run across Dolphins that are willing to take the time to answer questions and who genuinely take an interest in my success. Thank you to all the Dolphins who put the time in to search out the lowly minnows and help them out. Keep up the good work.
Thank you for your comment @bowentroyer.
We are just passing on much of what was handed to us when we started. There is no way to navigate this place on your own...we all need helps and guidance.
Yeah, whales can't possibly support all the minnows. There's just too many new users coming in. The more dolphins we have, the better our future will be on steemit. I would love to see more whales delegating steem power to users, because it's the perfect way to spread the rewards to as many people as possible. We can't have a healthy economy if we only have a lot of whales and less dolphins.
You are as right as anyone can be. Dolphins are the real engine that can keep steem move ahead as if you go with little fished and whales there is no equilibrium in the sea. And dolphins are helping each other, are joying each day and moving ahead together. Only this way there can be a real growth on the platform without bumps and uncertainty. So, let's keep on feeding the little fishes that are working hard to become dolphins and sustain the ecosystem.
You're right... the middle class is needed, and so far STEEMit is inbalanced.
This inbalance can grow with time... or not, depends on how people perceive Steemit and choose to use it.
But I think that with adoption, the distances won't be as noticeable.
Good post, totally agree.
Very interesting pararellism used. The middle class would do a whole lot of help in holding Steemit together. If the whales devote all their time nurturing the minnows (which is unrealistic anyway given the ratio of whales to minnows), there wont be time left to develop the platform. And if the minnows feel that there is no support, they'll most likely go look for better oceans to swim in. China came to mind when you mentioned middle class. Their economic boom is something. Hopefully, Steemit can follow that trend and make it big worldwide.
A brilliant analogy! I didn't think of Steemit in this way before. Thumbs up!
You are absolutely right! I am following a guy with my other account that makes some Unity tutorials currently. I see him get 20 upvotes but barely any money, and his voting power is still at few cents. I am his biggest upvoter. Guy I am referring to is @roundbeargames
Making more dorphin for this community to thrive is really a good idea.just like what you said ,a quite number of whales are really trying to lift the minnows but they are not enough to reach out all the members.the idea of producing more dorphin if am to say is a welcome development.thanks for this post because am sure it is going to be a sort of motivation to most whales .
I agree. There should be more dolphins.
I had a basic delegation given to me when I first started, and I didn’t realize how useful it was until it was taken away.
An 8 steem power delegation would help my upvote be worth .02 instead of .01 - it’s not much of a gain by does make this a bit more interesting. Small delegations of 100 would be helpful in developing more dolphins, faster too.
Very good post and read I can hardly find any thought that you haven't catched on to. So my suggestion would be to create a Dolphinsupporter community kind of like the minnow support project. I hope that this issue will become more relevant in the future because the time periode to create all this dolphins accounts is very short if we look at the Steem price. Even with 6$ Steem it is hardly manageable for average joe to ever become a Dolphin.
I concour with you and i like your post it will be very great to nominate another person at least it qill triger other member anr help community to continue growing.Thanks for your post it serve as parth to follow especialy for embryo and member like me.
Im almost a sea turtle 🐢 right now 😜 on my way to becoming a dolphin 🐬.
Great post. I believe that ecosystem is good as his weakest link. Decision from @fulltimegeek is unique. We really need more big picture thinkers.
This was extremely informative for me. Your point about the necessity of Dolphins makes sense. Thank you!
Interesting blog @taskmaster4450
This post very nice,,thanks for sharing this post..best of luck.
Thank you for sharing ♥
Am in total agreement, we need more middle class stemians than both wales and minnows
I like dolphin ,it is my favorite .Thanks a lot sharing this dolphin post..
I hope I can be a dolphin one day. I am working really hard to achieve this goal
wonderful whales,,,
thanks for sharing
I would love to visit there. Great picture!
You are totally right, same situation is exist everywhere. The rule of the universe "the rich becomes richer, the poor becomes poorer"..
It is realistic to have a competition all the time to be rich and poor in the economy, but I think the methods of steemit are excellent and excellent.
It needs #ceo to get #rewards. #delayed
I would like to be one of the hundreds of thousands of Dolphins, if anyone out there would like to help some one get there here I am. You don't have to delegate SP to me just upvote my post & comments. At the moment I'm at 150SP. Thanks for the help.
I gave this an upvote and resteem.