Exactly. With SMTs, we can have communities, similar to tribes, around a specific topic or multiple topics, and those can be rewarded with their own currency. But Steem should reward mostly content that is valuable for Steem or at least relevant IMO. People still confuse Steemit with Steem and maybe having a trending page that is displaying what Steem actually is, will help.
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its not a confusion on steem 'vs steemit for me. its a rather easy distinction. but like it or not, steemit is still the main face of steem when it comes to blogging and creative content.
Content valuable for steem. how would you define that? and what seperates that from what should be funded via SPS
You're a Steem veteran. Of course the confusion around steem vs steemit is not a problem for you ;)
Content that is worth enough in return for possible sell-pressure to be generated. Many people are saying that whales, early miners & steemit inc. are creating the most sell pressure. And that's somewhat true (I've never seen freedom powering down), but there is still sell-pressure being generated by the inflation from the reward pool. And most investors won't just throw money away if it's not giving something in return.
I didn't really expect that the SPS would be that hard to get funding from, at least at this point of time, but it is. And it's actually great. Because already, some proposals have been submitted with ridiculous amount of sums. And it's important to keep the threshold high, so good proposals will receive funding.
Now, this is where "content valuable for Steem" comes into play, as it doesn't require some kind of threshold. Instead, everybody can vote on the said post and will receive the payout after 7 days. However, the payout is not guaranteed. On the SPS, if your proposal is approved and stays approved, you'll get a guaranteed amount of SBD.
Do project updates not get cashed out? and devs don't fund their projects with the rewards pool? you have never seen freedom power down because he makes enough from leasing he does not have too.....I don't see that being powered up very fast, do you? Yes there is sell pressure from inflation, and shitty spammers and content. but fuck all is really going to good content in the general schemes of things. we wont attract good content creators if they come to steem and thing they gotta write about steem. and thats how trending looks.
Im not sure I am seeing a resonsable arguement on how trending looks good or even better.
That's the trending page on youtube.
The over concern about trending has been going on for almost 4 years.
"Good enough is eough"
I would tend to agree. but I am a marketeer/content creator and writing stuff on topics where people get emotional or that touches on peoples pain points is good for traffic and the strategy works time and time again.
People like to stay narrow and focus on the pain points they have without seeing what else lays out there. Three years of distribution of Steem and this is where we are, time to consolidate the resources to who is looking long.
we have been consolidating a long time now, more like a hefty recession than a consolidation. I have always been positive and have spent much time focusing on the good, upselling steem, reinforcing positivity and reasons to be here.
My personal pain point is my reduction in vote value. the bigger pain point for steem is that it is ghost town and with trending like that, we wont attract invstors or creators. there is nothing left to consolidate....those who are long are the same ones that remained long after hf20. we havent attracted many more long looker since.
Where are you seeing this because it seems to me that mine has increased about 10%
right there on that one I slapped you....14 cent at 100%,
Which proves......those with more stand to gain more......
hmm, seems steemworld hasn't updated, nor has Busy as that shows increased. @steemchiller?
steemnow by @penguinpablo shows the lower amount
I mentioned this to asher the other day but didn't check it.
Since SteemWorld can't know which post we will vote on, it currently shows the estimated value for a vote on a post that already got 20 STEEM.
So, if one votes a comment that doesn't have much rshares already, the green line would be somewhere on the left of the curve and the vote's amount would be much less (can be -50%). Optimal would it be to have a new setting/slider on SteemWorld, where we can choose what we want to see.
Edit
As I saw, the shown amounts in the account operations and the votes overview are really not correct currently. Will fix that today. Many things on my list...
This is an area that I really need to read up more on. Thanks for taking the time - now.... get back to your list! ;D
That's what's been going on, the consolidation of all Steem into fewer and fewer wallets. That's the death of a market, and a big part of why the price of Steem has gone down and isn't going up.
1.2 million accounts and 7000 posted since HF21. Do the math. The hemorrhage of users is the hemorrhage of Steem price. We don't need to consolidate. We need to distribute.
These numbers are pretty useless considering that most of those 1.2 million accounts are alts with some users literally having 1000's of accounts.
Also, there is something like a million in Steem held at S-E to back the distribution of SCOT tokens. People seem to conveniently forget that there are more tokens being distributed on Steem, than Steem and SBD and, SMTs will push this out even further.
There is 130 million Steem liquid, and only 26 million coming out of the pool over the next year and that amount will drop.
Yesterday, there were ~10,000 posts, ~27,000 comments and ~38,000 accounts transacting on the Steem blockchain.
https://steemit.com/steemit/@penguinpablo/daily-steem-stats-report-friday-august-30-2019
We can discuss the numbers, but the point is that retention is horrible because stake weighting captures the rewards that are necessary to encourage content creation and drive Steem price up. HF21 dramatically increases the impact of stake weighting, and as a result the problems Steem social media suffers due to stake weighting are going to be dramatically increased as well.
Moving rewards from creation to curation does not demonetize bid bots at all. All bot operators need to do is pass some of their curation rewards on to compensate. Once that is done bid bots are more powerful than ever, due to the new rewards curve. It is the basic failure to encourage capital gains versus profiteering that actually creates dismal retention, not at what point profiteering extracts the rewards, that matters.
@paulag estimates her vote is ~25% of what it was before HF21, and Imma accept her estimate since I can't be bothered to calculate it. That means she can deliver but a quarter of the financial incentive to create content and engage with it she could when user retention was dismal and collapsing the market for Steem. Regardless of whether she retains 15% or 35% of her encouragement ability, the fact that it is dramatically reduced means that user retention is dramatically discouraged - from the point at which it was already existentially bad.
Consolidation of Steem is the problem, not the solution. The fewer users there are with Steem, the lower the price of Steem will fall. Consider what the price of Steem will be when the ultimate consolidation has occurred: one account has all the Steem. The price will be 0, because there will be no market for it.
Pogo famously said 'We have met the enemy, and it is us.' Profiteers are the enemy of Steem, and sadly have essentially all of it.
Quit sucking all the value out of the underlying investment vehicle - Steem - and we'll see potential capital gains instead of your fattening pile of tokens, worth ever less than they were the week before.
Social media shouldn't be confined to some topic, like crypto currency, because that excludes all the other values society has. People, not bots, are the elements of social media that matter, and you are replacing them for personal gain.
Personal loss really, since you're killing the value of Steem by doing so. I haven't looked today. What's it down to? What is your capital loss today? When you get tired of gaining a bigger pile of smaller tokens, consider being an investor instead of a profiteer. Build something up instead of sucking it down.
That's what investors do, and you are why there aren't any here.