The latest hardfork makes me want to ignore every author who doesn't reach 20 steem in all their posts.
My upvotes are worth less if their post doesn't reach 20 steem. I'm effectively choosing to not make as much money. Why would I choose less instead of more, from an investor's point of view? I wouldn't.
If I want to make the best out of my steem power, I would be forced to look for authors whose posts historically always reach at least 20 steem. Which leads me to the circlejerk of whales I simply don't want to ever support.
So if there is no good option left... Why would I - or anyone else for that matter - buy steem power / power up?
This platform uses proof-of-brain. But we can only come to the conclusion of how stupid is holding any stake at all at this point.
100% ético e correto.
Tou farto do Steemit desde que ele ficou igual á sociedade geral, e só o ler este artigo me fez dizer qq coisa
1 % estabeleceram as regras para ficar com 99% do blockchain.
O novo Steem corresponde á atual política social centralista, que quer desregular e liberalizar para comer a parte de lobo.
Claro que os próximos forks vão ser como o capitalismo selvagem.
Quem recolhe os lucros da comunidade é que faz as leis.
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I've gone through the comments and this has been really enlightening.
From a personal point of view, the hard fork has actually improved my rewards from the content I bring in and even led to more engagement in my posts.
@3speak and a bunch of other communities are actually doing a lot in the background to attract content creators from other platform. 3speak in particular leverage on free speech and looser censorship package of steem to bring on individuals with larger following to the community. It employed a strategy that rewards these content creators with larger following more and I actually endorse that. The knock on effect is that it will make people inside the platform increase their reach and improve their content, and also spread the word about the platform.
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So basically you're earning more because now you're a part of a community? That's not new, though. And it hasn't improved with the hardfork. But I'm glad you've found your place around.
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Well there's less bidbot abuse these days and them bots have been curating manually. I get random hits from therising, smartsteem and a bunch of others. Its not just communities.
There are positives and negatives and you're right, I feel like I've found a place....for now anyways.
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Nowadays, I would call it "offer and demand", not "abuse". Curation was on an all-time low, which made bitbots popular. Now it's been reversed. That's all.
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Because far more valuable things than money come from posts. Srsly, if you don't have higher values than your own wallet, I'm not mad at you. I pity you. Frankly, this is why Steem is pitiable right now, as the focus of the ninjaminers on their own extraction of rewards nearly completely devalues far more valuable aspects of free speech than mere money.
It is far more profitable to have fewer tokens that grow orders of magnitude in value than it is to have more tokens that decrease in value orders of magnitude. Steem has dropped 98% in value from it's high. It is proving that adage every day. Were rewards allowed to flow to creators, rather than be extracted via stake weighting, ninjaminers would have less tokens, but a growing market would push the price of those tokens up. Extracting those rewards is doing the opposite, and we all lose as a result.
Thanks!
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I point out in my comment that all points of view are improved by focusing rewards on content creators, including investor's. Perhaps you didn't get to that part, or failed to grasp it. Your OP is a question: why should I vote on content? The answer I provide is that more substantive values than tokens should be the reason you vote on content here, just as it is on other social media platforms featuring voting.
Voting on good content encourages good creators, which attracts a market, which increases the value of your Steem. This should be why you vote on Steem.
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I got to that part. What I'm saying is I agree with you. I already thought that way before posting this.
But "attracting new investors" is always a major deal, so my OP points stay relevant. My question is made strictly through a literal financial perspective.
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Sorry I failed to grasp your position.
As to growing markets, I reckon encouraging folks to come here by offering rewards for their content seems to have worked in the past, and should work again.
I'd like to mention Berkshire Hathaway and Bain Capital Partners. BCP serially destroys businesses by selling off their assets at a profit when it can buy them for less than the market value of those assets. The partners profit, but all other investors, employees, clients, and communities suffer losses as a result of the destruction of those companies.
Berkshire Hathaway also buys undervalued companies, but doesn't part them out. Instead it improves the market using those undervalued toolings the companies possess, and profits far more than BCP as a result. Other investors, clients, employees, and communities also benefit across the board from these investments.
I reckon using Steem rewards to encourage authors to come here and attract a larger market with their content is what we need to do, and extracting those rewards using stake weighting is comparable to selling the products of a business on the black market and the investors doing so pocketing the proceeds, rather than enabling them to inure to the company producing them.
BCP sells the presses and forges of the companies they buy. If the ninjaminers could sell content creators directly, they would.
I have proposed the Huey Long algorithm to eliminate profiteering by limiting post rewards to no less than 3% nor more than 300% of median payout, currently about .04 SBD. This would eliminate profiteering because that's too little money to pay profiteers to undertake the work of manipulation, but it's demonstrably enough to encourage content creators, since most of them are posting for that now. I'd also eliminate curation rewards completely. No other platform needs them to encourage voting, and we don't either. Worse, they eliminate actual curative purpose and substitute financial interest. Because of this curation rewards are just another vector for profiteering.
Profiteering is the opposite of investing. The former destroys, the latter builds. A rising stock price floats all boats, and delivering the lion's share of rewards to content creators shoud greatly encourage them to create content, attracting more users to Steem, and eliminate the 1500% difference between the average payout and the median.
This should increase upwards price pressure on Steem, which will benefit us all.
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Well, sure, we could use some more content creators... But what we really need are content consumers... The single greatest barrier is getting an account in the first place.
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Ye. I can see what you mean. I have also swiched up a lot of my autovoters x)
But I still see value in holding stake sp :)
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Since HF21/22 this is how I've been feeling:
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Damn xD I wouldn't know what to do if I wasn't steemit :p Steemit took over instead of Facebook
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Yeah, I see value, but it is less value than what only powering down, never up, currently allows me to do.
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Ye well. There is truth in that, but just like I invest in index funds and dividends stocks, I see SP as the same asset, it is compounding over time
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!BEER
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View or trade
BEER.Hey @felipejoys, here is a little bit of
BEERfor you. Enjoy it!Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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Maybe because then you could change something?
Pointing at others and cursing them is easier than contributing something yourself
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Unfortunately, the wealth necessary to hold enough steem power to change something is out of reach for most of the community. But I am trying to get enough to buy a 500k sp delegation, which is enough to upvote for 20 steem towards worthy posts.
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Oh, really? And now of all times?
1 STEEM = 0.14038USD
STEEMPOWER is power.
It's the power to choose Witnesses, it has influence on the SPS, you can promote Creatives, etc.
I think it makes sense to invest in STEEMPOWER.
You don't have to overdo it. Everything needs its time to become good ;)
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This was a post specifically from an investor's point of view. It is not the only point of view I have. In fact, I do the opposite of what I've written, curating an entire community in my language. But I do it out of love for steem.
If I looked at it only from an investor's point of view, it would be as described above.
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@themarkymark would you please reconsider your downvote on this post specifically? Maybe after looking at my conversation with @condeas?
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!invest_vote
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@condeas denkt du hast ein Vote durch @investinthefutur verdient
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I estimate that's a $250 usd investment which I am willing to make as soon as I have enough for this.
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