Said it before:
The technology is great, but the challenges are figuring out a sustainable economic model that works.
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Said it before:
The technology is great, but the challenges are figuring out a sustainable economic model that works.
When I signed up in June last year, I got a $0.10 cents upvote every 20 comments. Nowadays I rarely get a penny vote.
I noted that the values of upvotes have dropped to low. Also wrote about that:
https://steemit.com/steem/@krischik/seven-upvotes-and-no-payout
Including an update on the correlation between steem power and VEST. And I might even make another on that one.
When they changed the voting to a linear model, they also changed the voting strength - before you could make 40 votes a day without losing too much power. Now it's just 10.
The few power voters who kept the site clean can't vote much any more (because of the 10 vote rule), and everyone else just self-votes. That's why voting in general has collapsed.
That's very interesting, that explains a lot. When was the change made and what was used before?
Of course self voting only works if you are are at last minnow. Plankton votes are worth noting.
June 2017. See
https://steemit.com/steemit/@thecryptodrive/welcome-to-steem-hf-19
And this:
https://steemit.com/steemvoter/@steemvoter/steemvoter-week-in-review-for-may-21-26
It was combined with a linear voting system instead of the previous exponential one.
I think they thought they were taking power away from the whales and giving it to minnows. But what actually happened is that the small group of power voters who were keeping the site stable by dishing out 40 votes a day to anything that caught their eye were discouraged and everyone else just self-voted and you get the mess we see now.
Yes, it seems that backfired big time. There might not have foresee that eleven month ago as I suspect minnow and plankton votes where not as week and wales not as powerful.
Same here. And knowing a programming and math I figured out the actual problem: The linear correlation between steem power and VEST. I wrote about this here:
https://steemit.com/steemit/@krischik/answer-to-somebody-tried-to-tell-me-steem-is-dead
Thank you for your service, let's work to get your ideas implemented. Have you talked with the dev team?
No. I should really work out the details and make a post on in and put it up to discussion. But will anybody listen?
We just have to figure out where to post it. I'm sure there's an official area for such things but since I'm one of those idiots who never reads any of the instruction manuals for anything and just figures it out with trial and error, I haven't discovered where we are supposed to submit those types of things yet, but my guess is that it is covered somewhere either in the FAQ section, Welcome section, or elsewhere on the list of links in the drop down steemit menu in the top right. Let me know if you find it!