Is this you?. I enjoyed that video.
I lived through n^2 back in the day and I accepted it because I didn't know any better.
I remember I needed 10k SP to give away 1 cent. (with 40 votes a day).
The first time I could give away 1 cent I was so happy.
But I'm glad it changed (even though I probably would benefit a lot from n^2 now), linear is easier to explain and more fair in my opinion.
SMT's will give way to a whole experiment of economic models. It will be fun to see what people will come up with.
That's me :)
Fairness is subjective, and I don't think it should be one of our aims.
The lottery is the epitome of unfairness, and look how many people "play".
I remember posting before bed, and waking up in the morning crazy excited to see if my post had gone viral and made $10000.
It never happened, they were usually less than $1, but I'd given it my best and knew I'd hit the right note eventually.
Now I'm virtually guaranteed $20-$30, even if I throw out some low effort rubbish four times a day.
If I spend days tweaking and refining a single post, the most I can expect is $50.
That's hardly going to attract the best and brightest.
It's going to attract a factory worker mentality.
Clock in, clock out, get paid for your hours.
It might be 'fairer' but it's hardly overwhelming the platform with top quality content.
Ultimately as more authors arrive the quality will rise to the top, achieving the same effect; so it'll be less important as time goes by.
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Fair points. You can already see many with the 'clock in, clock out' mentality, and this is where I dislike blaming the rewards model and shying away from social behavior.
Not sure a change will fix anything, but am very much looking forward to the future here where hopefully, my stake will be going out to some awesome projects and growing the blockchain that way.
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SMTs will let us pit some of these ideas against each other, too.
The steem blockchain is just the foundation; the competing structures can all be built on top; then we can see if ideas that work in theory actually work in practice.
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For sure. It's been a tough few months, especially if you are in contact which many smaller accounts, but I can see light ahead and am feeling confident that these competing structures will be a good thing for all of us.
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You just need a long memory. I first bought in at 50c, and watched the price drop to 7c.
HODL. Not just a catchphrase.
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I was actually chatting to the man at the top of the post last night about those times - sounded brutal - well done for not exiting down there!
My account predates those times, but my increased activity didn't start until early 2017, where (hopefully) the worst was and is over.
50c doesn't sound so bad now eh :D
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That was a good chat. I have seen the absolute low of the steem blockchain. I call it the dark ages of Steem. Almost no one believed in it anymore back then.
It's funny to think that those times happened only a little more than a year ago.
How fast things can change!
I'm glad to read you have a more positive outlook for Steem. As you know in general I'm very positive about where we are going.
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Yeah thanks for that, I did need a boost from the past few months. It's not even that I can complain at all about what my content brings, was just getting a bit caught up in some of the negative aspects.
But yeah, it's nothing to compared to what it must have been back then, only just over a year ago.
As per your blog, the stuff already on the table and likely soon to arrive is very positive. Hold and collect what you can is it? :D
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