Ok, short rant today.
One of the major issues that I see with Steem, the blockchain, is that the payout window of only 7-days does not incentivize long form, high quality content, but rather shorter, more frequent posts.
Here's an example of what I'm talking about. As we, @steemsmarter, attempts to make sense of ALL the variables that are included in the Steem payload, specifically
Write a Steemit Web App: Part 13 - How to Calculate a Vote's RShares
This post really helped us understand the variable "rshares" (aka "reward shares") which is used to determine the percentage of the reward fund that is paid out to the author at the end of the 7 days of voting. Pretty important variable, eh? This helps us determine the current value of a vote and the max value available for an account.
Also, the author @jfollas reminds us that approx 20% of a user's total Voting Power regenerates per day. Thx for the tip, amigo!
All this said, we want to upvote this post and spend some of OUR voting power to benefit the author. Without this post, we may still be looking for an understanding of how to calculate and the significance of rshares....but alas we cannot.
Why can each vote not have it's own 7-day window so that posts can be voted on for a longer amount of time? Is this because of how the post (discussion) is then inserted and saved in to the blockchain along with it's associated parameters and descriptive variables?
Could there be a way to allow for a post to be submitted to the blockchain after 7 days, but then hash it and update the rewards past that time frame? Of course, votes older than 7 days are already locked in and stored in the blockchain, but could new votes still be included somehow?
Learn more about the Steem payload from these posts by our own @thescubageek:
Oh yeah, and give them an UPVOTE before it's too late. Lotta good info there. Thx @thescubageek.
Until next time...Keep Building Freedom!
In Liberty,
Ashe
I'm wondering if the Steemit community ourselves could hack this a little with a cultural practice:
If the author were to leave a comment on the post at the end of the same day...something along the lines of:
"If you found this blog post valuable and would like to support my work after the 7-day window. Please upvote this comment. I appreciate your support!"
I realize this isn't a perfect hack. There would need to be a new author comment every 7 days to keep extending the window, but if we as a community accepted this practice by actually using it, perhaps it would signal the value of some sort of extension by the developers.
It would be cool if a post were able to hit a trending benchmark that would make it eligible for a second round of voting.
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I"ve thought of that idea too. I've posted new comments on old posts asking the author to leave a comment so that I can upvote them. I think the main issues is how terrible the user-experience of Steemit.com is (which unfortuantely is still the, by far, most used front-end for the Steem blockchain). Since most ppl use it, there's not real notifications of new comments or mentions on a post and it can easily get lost. If we had private messages, it could also be a game changer.
It's a weak point for Steem and I wonder if Dan will change/fix it when he builds a Steem competitor on EOS. I'm looking fwd to it to say the least.
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Upvoting the comment would be a nice way for the author to get payed on a valuable article even after the 7 day period will be over but I don't know. It kinda feels odd. I hope there will be better solution to the problem.
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@ashe-oro Thanks for bringing this up.
I made a post last year that has garnered 95K views so far, but I made almost nothing on it in the payout window. I still get the exposure for the brand and Steemit page but It is in the top 100 all time viewed posts on the site.
For reference : https://steemit.com/bitcoin/@bitcoinshirtz/a-full-list-of-bitcoin-debit-cards-for-2017
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yo dawg, how do you know it's in the top 100 all time viewed? where is this kept? Btw, views are only abailable on the client side so views on Steemit.com aren't recognized on Busy.org.
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@ashe-oro
This post has all the data
The 100 most popular Steemit posts of all time!
But I'm not sure how it was pulled.
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Presumably it’s generated a ton of followers for you, though.
Certainly not a primary payout, but if people keep finding your long form posts on google (and steemit seems to rank fairly well), there’s certainly some long-term benefit... isn’t there?
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sure, but its derivative value.
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I feel your pain. I am new to steemit and have been searching for guides and tutorials. Each time I find something really useful and want to reward the author, I cannot due to the 7 day lock out.
I've seen some authors add comments underneath their post which you can vote on so they get some reward for their efforts.
It is something that needs to be addressed to improve the quality of content.
I can only appreciate so many pictures of "nice flowers" :))
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You raised a really good point ashe-ore.
Some times we cannot find post at right time and when we find it ,it should be 7 days old and if that post is excellent enough that he deserves upvote.Then it waste the person's hardwork.I really want steemit to change this paypout of 7 days and hide the wallet :)
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exactly. I think it would be wise to change it, but I'm not sure if they will or not. I'd like to better understand WHY they chose 7-day payout window.
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7 days talking is maximum time it should be reduced to 2 or 3 days ! great point briefly discusses by you!
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I agree, I have content that is mostly long-term in nature (e-book for taxes to Bitcoiners and Steemians). I come back months later to find hundreds of new views on certain chapters (one has over 800 views which for me is a lot). The 7-day window is not capturing the long-term usability of certain content.
I actually just wrote an article on this exact topic last night with a view actionable ideas.
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exactly. It would incentivize high quality content.
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When I saw you topic I was like...what's he talking about?
Nut now I get your drift and I think you are making a valid point here. But funny enough, how many people are thinking like you? How many people will be willing to upvote the post even when it's stayed long overdue. I think the best way to go about this would be the author reposting same post if it's that important but how does the author know that his post would want to be read many times and upvoted many times. These are questions that begs to be answered. But the thing is...if a post receives so much accolade ,I think it's important that it is reposted after the 7day winder but how can we do that without inviting the wrath of cheetha?
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Steamit community is made for a longterm stay so it is necessary to maintain 7days payout time period beacause there are limited coins lol xD ...
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this is handled by the Voting Power.
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They should have the option to get variable curation periods. The less days the less money but quicker access to your funds made and so forth.
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interesting point. You basically forego the payout to give a longer time frame for payments. I'm not sure that's necessary, tho. Each vote could have it's own 7-day payment, meaning that the rewards are realized by the author after the time frame.
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There could actually be a way but i don't think its happening anytime soon. Since steemit is build for long term raising to maintain a 7day gap becomes necessary. Moreover i want to say that upvoting the post that has stayed overdue. Don't think many people would want to do it. Lets hope what is best for us happens. And the platform doesn't show a downfall.
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well think about this. Steemit.com is in the Top 1000 most popular websites in the world. It will become a go-to source for information one day (already is in the crypto space). We want people to write extensive and well researched topics that have a lasting effect. The 7-day window doesn't incentivize that any more than using Medium.com.
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Yeah now that's the points. For this matter it should be changed because if we want it to be a source of knowledge the knowledge should be available for ever and ever. Keeping the space of 7 days won't be good at all. Moreover we should develop the habit of writing well researched blogs only. Then it will help with the knowledge and informatory source.
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Would read up on some of the points raised and the links referenced. This is a very importance discussion since it deals with the amount an author earns from a post
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7 days makes it wait alot...it should have been 5 days at max . it makes a lot of waiting....and if the value of sbd decrease that really makes the author like ....
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