Quite a lot of people are currently discussing HF21 and the EiP. This is a good thing, as engagement is always better than no engagement at all. It means Steem's community is alive.
However, not all of those discussions are optimistic. Quite a few are pessimistic. Mostly by content creators who feel the reward-cut is unfair. Some might even feel as if they're 2nd citizens on Steem and that the TOP witnesses are trying to take from the little guys.
Yes, content creators matter!
Before I go any further, let me state the following: Yes, content creators do matter and are not 2nd citizens on Steem. We (you'll understand that in a few seconds) are a valuable part of the Steem ecosystem and the reward-pool cut/shift from 75/25 to 50/50 is not about "punishing" content-creators or "the little guy". It's about reshifting percentages for the good of Steem.
Now, why did I write we? Am I not clearly a witness and developer? How dare I put myself in the content creator camp, you might think.
Well, you might not know this - as I didn't realize it myself (time flies), but over my 2 years here on Steem, I've created quite a lot of content. To be more precise:
I've created
283 postsand4028 comments.
Now that's obviously not as many as professional content-creators such as @nonameslefttouse did with 359 posts and 10558 comments. But for someone who is primarily a developer, writing another kind of words - I'd say that's pretty good.
I am a content creator!
That's right. I'm part of the cool gang! Wait, does this mean I'm in favour of cutting my own rewards? Sh*t ...
...
Just kidding. I'm ofc aware that my own rewards are being cut. Is it going to be worth it? We'll have to see, but that's part of taking risks to change the status quo.
And for those of you, who think that authors should earn more than curators: feel free to read the post below.
https://steemit.com/steem/@josephsavage/who-deserves-more-authors-or-curators
With that said,
I am going to continue to create content on Steem. Regardless if author rewards are at 50%, 40% or even 25%. Because it's not about the money. It's about the creation process. But even if I'd focus on the money: where else do you get paid to create content?
Here are the SQL queries, used in conjunction with STEEMSQL for the posts and comments:
// @therealwolf
SELECT COUNT(*) FROM Comments WHERE parent_author = '' AND author = 'therealwolf'
SELECT COUNT(*) FROM Comments WHERE parent_author != '' AND author = 'therealwolf'
// @nonameslefttouse
// 2017-08-18 12:38:12 is the creation date of @therealwolf account
SELECT COUNT(*) FROM Comments WHERE parent_author = '' AND author = 'nonameslefttouse' AND last_update > '2017-08-18 12:38:12'
SELECT COUNT(*) FROM Comments WHERE parent_author != '' AND author = 'nonameslefttouse' AND last_update > '2017-08-18 12:38:12'
They feel entitled. I think they don't realize that they essentially are being tipped by other people. (People buy SP, thus have the right to distribute some amount of newly created tokens, and elect to give it away -- rather than self vote or delegate or sell the votes.)
If the ratio is too unfavorable for hodling and curating, no one would do it, and there would be no rewards. Maybe 50/50 isn't even good enough.. maybe 5/95 would actually be better for creators long-term.
It would mean more people hodl and upvote (and upvote at fuller amounts).
But many people, I think, look at STEEM as like "magic blockchain thing, post blog make money". They don't think about the incentives and where the money comes from.
As one of those "entitled" content creators, I'm going to respectfully disagree. I don't feel entitled. I feel like I work hard, spending hours conceiving, writing, and editing my little stories and making my bad artwork---for about 20 cents worth of crypto per day. I worry that my 20 cents will now become 10 cents per day, after HF21, or that my posts, which might only be going to pay out 2 cents or 3 cents (not much, but it adds up over the months) will now be worth 1 or 1.5 cents and not pay out at all (which doesn't add up over the months.)
Why don't I just invest in Steem and become a curator myself? Because I work a crappy, minimum wage delivery job that barely pays enough to buy fuel and groceries and keep the lights on. I've been a writer for 40 years, blogging regularly since 2003, and I was thrilled when I finally found a site that let me build up a little bit of economic value doing what I love. My DREAM is to someday be able to support myself with my writing, and here, I thought, was a venue where I might actually be able to do that! And, I've managed to stack over 500 SP in about seven months, just from my writing and art---but with rewards cut in half, that exact slog goes from seven months to 14 months (or more, considering some low payout posts will now become NO payout posts) with the same exact content and effort applied.
I don't FEEL entitled, I just worry that my climb to financial freedom (supporting myself with my creative work and quitting the minimum wage gig) just doubled or tripled in duration. I don't use bid-bots or self voting (which seem dishonest to me), and I DO upvote and comment on other folks posts, but I would simply prefer---and be more proud of the fact---that most of the income I made on this platform came from my own creative efforts and not from just upvoting what somebody else made.
Entitled... (I admit it. I was offended by that word. Hopefully, I have expressed why I disagree with that sentiment in a way that doesn't offend in return.)
Posted using Partiko Android
Finding valuable, funny, original, unusual content is all that matters to me. I welcome experimenting with parameters. This is the only way to find out and improve.
Posted using Partiko iOS
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.
One way I like to think about it is: do you want more STEEM or your STEEM to be worth more?
Posted using Partiko Android
Exactlyyyyyyyy....a lot of people want more in quantity not the worth...sadly
i would prefer both
And how do you think we show achieve that?
Posted using Partiko Android
That is the big question indeed but I want more steem and I want my steem to be worth more... :-)
Perhaps the change to 50/50 curation will encourage more people to powerup Steem to SP, thus slowing the supply of Steem on market and potentially pushing up the price. Let's see if that happens.
Posted using Partiko Android
I haven't seen anyone complain on Palnet about 50/50, in fact just the opposite.
It's all goody goody there just because people haven't tried to exploit it.
@remind-me in 1 year
I think bot owners really won't pass up the chance.
!dramatoken
Hey @fuadsm, I will notify you on June 24th 2020, 12:00:00 pm (UTC)
Later! ( read more... )
Hi @fuadsm!
You asked me in this comment to create a reminder.
It seems the time has passed!
That's partially because people see PALnet as double-dipping (extra content rewards there on top of the content rewards here).
But you have a good point, and in fact PALnet rewards will ultimately become dominated by accounts that have substantially more PAL than SP.
Because they are blind. Inflation steem 8.x% + Inflation PALnet 10.x% + 2.x% in/out = 20.x%
PAL has its own supply and it is not a factor of steem supply, so the inflation is not additive.
If you hold both, your inflation devaluation would be a weighted average, depending on the amount you hold of each, not a sum.
PAL is paired to STEEM.
It trades against STEEM and requires using steem as gateway, but it is not paired to it.
To say PAL is paired to STEEM is like saying EOS is paired to eth, just because that's where the ico was.
/facepalm
What can I say? Money rules. People talk about “Value” and “Quality” that means how much money that you invest on. It is not really about “Value”,”Quality” or “Goodness”. You are saying that content creation matters. But it really doesn’t matters beside investing money. Yes there is no money tree on earth. Yes I am thanksful to all investors paying me 10 dollars per month. Yes Steemit is not a place to earn money. Just can’t understand why people delegate their power to others just because of not powering down and not taking away the money. It just make cheap illusions. Like yes this a great content. IDK Wealthy steemian will do what ever they want.
Bla bla
Posted using Partiko iOS
Well, not exactly pessimistic or rather optimistic really. I just have the hunch that if authors who are primarily content creators had the sensation, absolute perception and total security that the majority of these so wrongly self-called Curators were not most of them just a pitiful bunch of AI algorithms, hussy automatisms and plain greed formulae through voting trails/guilds who don't read a damn and much less appreciate a fucking bit of what they vote and are obviously unable to distribute consciously and fairly better the collective rewards pool. Certainly their resistance & opposition to give up 25% of their profits would not be much of a problem in accepting the current hopes & statements in discussion through the HF21 and the EiP.
Well, to ponder this quicker & better. ¿What about if you start with this dPoll and cast your very welcome opinion with your vote?
I bet the community of authors will appreciate a lot the participation of a Steempreneur & Steem Witness, Dapp developer, high SP holder and salient/well-known personality across the steem blockchain who is also a 'content creator' which one would be his choice on this modest survey. };)
Cheers!!
Hear hear! I also commented but as you know I'm muted so I'm cheering you for you @por500bolos, perhaps the salient one will acknowledge your contributions and take part in a good old poll?!?
Democratic processes love polls right? Is this a democracy? Does that mean we have politicians,lobbyists, and special interests too!?!
That's super and a real revolutionary platform where every one has a voice, but buying a microphone, renting an arena, selling false hope, and campaigning will certainly make your voice stand out from the crowd! Make Steemica Great Finally MSGF doesn't roll off the tongue so let's just pray for MAGIC
Oh yeah! this poll of mine certainly is as democratic as democratic processes can be. As long as the self-inflicted participants agree with the following rules:
"Any government is only as good as its rulers. In a democracy, this means that the general population must be properly educated to rule themselves"
Of course @skramatters. Elementary my dear friend. Otherwise, without 'them' this dPoll would be pure plain Demagoguery like the one they like the most. };)
Btw, MSGF = Master of Science in Global Finance?
I'm happy to see this. When I read the title I wasn't sure which way it would go. I think that rewarding content creation (and the communities that have evolved around it) is an extremely important part of the Steem's value proposition.
Now... the data shown in the comments here indicate that maybe the move should be to 90/10 or even 99/1 instead of to 50/50... clearly we have more than enough content creators. What we need is to attract curators!
Come reward your favorite content and earn a pretty good ROI in the process! Let's stop saying 'get paid to create content' and say 'get paid to reward content' instead.
Sure, but the reason we "have enough content creators" is because of a steem dream that sold a half truth. The "success" of any steemian is directly proportionate to the amount of skin they have in the game.
If we simply say earn by curating instead of creating we will have the same situation as we do now. A minority of accounts willing to invest initially so that they gain some nice sticky traction and momentum. People out of a healthy self interest follow the steem, for now they latch onto the bid bot trending creators that generally don't add much value that would attract consumers or curators.
If we can add earn more by seeing yourself as a start up and investing in your brand you will have equal opportunities to earn from creating and consuming "curating" which is less toxic than what we have now. I'm not disagreeing with you or wolf for once, I'm only saying let's please be honest this time around and include the reality that steem isn't a fantasy and just like IRL it's a pay to play game where you hope you can be confident buying in will have good results both individually and collectively.
Now the wolf won't see this as he muted me for my outspokenness on seeing his smartsteem "side hustle" as a conflict of interest for a consensus witness that claims to be a content creator but doesn't mention they make thousands a month from offering a service that preys upon the desperate, adds no value to the ecosystem, and isn't well managed in that his profit is clearly the focus not oversight on quality standards.
Don't hate the player, hate the game though right? That's his hustle and like a good politician he has played both sides of the field well here.
I prefer honesty or at least some integrity to hire a team that follows through with a, quality assurance guarantee for their clients content. But, being that, that this is subjective and not as profitable we have a free for all garbage dump of misaligned incentives and bad actors self voting, circle jerking, and bid bot owning their way into influential roles here.
Bid bots aren't creating anything good except for the owners, we have non profits here that curtail this negative impact but it's not enough. We need fresh blood, willing to invest, that requires a platform that is sustainable has some semblance of stratification or social mobility and good leadership.
We are headed in the right direction though with the Scot stuff and community building let's just not be so naive as to think a new spin on get your money for simply hitting "like" compared to posting shit will evolve this ecosystem. Organic growth user here BTW that wouldn't dream of investing even though I love the community and the concept. I don't buy into the duplicitous and fractured leadership we have as a dpos pseudo democracy. I don't think that's unfair or without merit.
I don't think that focusing on the money that can be earned here is the right approach either way. STEEM should be treated as a utility, a tool that supports/sustains other business models that are only indirectly related (or completely unrelated) to content creation. Blogging was a proof of concept use case, and Steem has a lot more potential than that.
Whether or not bid-bots are good/bad for the ecosystem is a red herring, because it focuses entirely on the ecosystem of creation/curation and implicit rewards that are not the whole picture. Even if they were, the role of a witness is to secure the chain and approve/decline hard forks based on their contribution to Steem as a technology (not as a blogging platform).
I oppose the Hard Fork because it's equally a red herring... moving deck chairs instead of focusing on long-term strategic development. When RC's and witness votes become the dominant reason people own SP (instead of curation and delegation for upvotes), then how the content creation rewards pool is distributed will prove to be mostly irrelevant. For that we need full focus on SMT's, not playing around with 50/50, rewards curves, curation curves, downvote pools, spitting into the wind, tugging on Superman's cape, or messing around with Jim.
Well said, I'm in complete agreement with all of this in its entirety! I have stuck around because of the untapped potential I see that others like yourself also see.
I need to check out your post that's been referenced a few times lately. And also follow you and/or convince you to become a witness lol..
I was solely focusing on the blogging aspect as that's what seemed to be the crux of this discussion here. I'm not into pissing in the wind or saving time in a bottle. But, I do like the songs. I am into blogging but only because I don't have anything else to currently offer this platform.
I got drilled by a steemian for expressing my views on what I feel a witnesses responsibility is here in my eyes. Being that this isn't just a POW chain and there is more to witnessing than securing the chain for consensus witnesses. As you said in its simplest form they need to approve or decline code from a is this innovative and efficient for the technology. But, for now I will quote a whale that's a witness that said "blogging is still the best game on steem" and until we define this place or have the communities and SMTs that bring utility and more use cases I get that we all feel compelled to do something..
Steem is different things to different people and I'm a late arrival compared to the emotionally and financially motivated users that are entrenched in that mind state. I never expected lambos or moons and I would appreciate a culture that doesn't focus on rewards only.
I will no doubt see significant drop in "earnings" and the increase from my curation won't make much impact as I delegate over half of my SP to others. It won't stop me creating. If I was here for the money I wouldn't be here at all! Things change and some people will benefit from changes and others won't. Any change will produce complaints, and in a short time people will just get on with it. In my opinion, if it encourages people to power up (STEEM or PAL or both) then it is a good thing.
Edit: personally I doubt the change will drive up the price of steem. But I'm happy to be proved wrong
No matter what happen I will keep going to produce content here. :)
People who today complaing will be praising witnesses if the whole thing makes things better on the platform.
More drastic percentages shifts could Be required, but I know for certain that it's not enough just to shift them. Other mechanism are requerid to incentivize curation。 I think that Steem promotors such as yourself should Be careful when stating "where else content creators are paid for posting". Libra's logo similarity with Steem's and the upcoming release of voice by the very same man who created Steem might rended useless this assertion
I think I understand the intentions of the change. However, it does not seem entirely rational to assign the same weight to the authors and curators.
400+ posts and 22,500+ comments here
...though i’ve never taken steems out of steemit so i am probably not a representation of a steemian who’d be concerned about these changes
all the steems i make goes right back into the ecosystem as steem power...
but these posts are valuable, both yours and josephsavage’s, i think many needs to hear deeper and more thought-out data and information on hf21.
i do hope if/when it happens, it will bring stronger steemit in the future.
Followed by a baby organic steemian
Posted using Partiko Android
Great post Wolfman and I am so pleased you shone a light on Josephs post, possibly the best post I've read in a long while.
My concerns with this HF, however, are still that using DApps will become even less worthwhile as they also take a percentage. If we don't try and encourage DApp use we will have no one developing DApps and thus less to attract new members.
Maybe the smartest is to build a market arround Steem / Delegation / RC and other things we can do with Steem.
Then we have to remove the Inflation of Steem and use Smts. Idk this would work, but fix the Voting would never work perfect.
For Example: If all User vote perfect, they like something more then others. So they build there own bubble and dont explore new content.
IMO we should add Like/ Dislike and rename upvote to Support/ Donation. Maybe this works better.
For me, i think it is more usefull give devs the $, then a Author. Becuase Steem need to be more User friendly and easy to use.
Nothing like taking away 10%-15% rewards for your content creators WHO MAKE THE Fin Content on Steemit which is what brings in the money. Then giving it to devs as rewards when NOTHING was done with the millions of dollars in the last 2 years. Steem is seriously the worst company anymore
Hehehe it's 42% from content creators
But who's counting??? Lol
Posted using Partiko Android
Hi, @therealwolf!
You just got a 0.29% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
Makes sense to me. Their is a need for curators' attention to be rewarded as well. I am an early investor in the BAT token and support contact creators as well as earn for my attention/consuming of their content using the Brave Browser. A Steem Developer I support now in this way is @spl.
I actually am using the Brave browser now curating this post.
It is fine to be a creator, but if one does not have anyone to appreciate the creation... ?
I guess this discussion, like most, has more than one opinion.
Steemians! Get two together in a conversation and one will witness three arguments.
So, since I appreciate this content, along with my upvote on #palnet and #steem, I am going to tip you with #theramble native token. Hope it works here...
!SHADE 20
You cannot sent token to yourself.
Oops.
!SHADE 20
Hi therealwolf the SHADE tokens are on the way.
Thanks for sharing SHADE
To view or Trade SHADE visit steem-engine.com