WOW. LIKE WOW!
That's not a good wow, let me be clear.
so, I am just from checking out my [Steemworld account and I think I may have lost my Mind for a minute.
You know how you have the option to check your incoming author rewards? I wanted to see how much rewards I'd be getting in the coming week cause, you know, Steemfest savings is on-going.
To my rude shock, I realized out of the $212 rewards I have gained in the last week, I would ONLY Receive $70 of it!
Why? Apparently Curation & Beneficiary rewards take up the other $142!
How Insane is that??
So I am here thinking, as a content creator, with all we have to put in to get content rollingon the platform, in terms of time, creativity, resources and energy, we cannot even get half of the rewards.
To top it all off, given the current situation highlighted here, they want to pass the 50/50 rewards system. Do you know what that means? If we were currently using 50/50, I would get way less in this payout than I already I'm.
Maybe most content creators out here are not paying attention to their payouts distribution, I have been guilty of that myself, but it is high time you start checking your payouts!
I mean, Can you just take a minute to imagine this, Out of $212, of content I have created with so much effort and energy, $142 goes out to others, and they are asking for more!
#SAYNOTO5050 #NO5050
I Have a feeling this 50/50 will be the death of Steem by driving away a lot of content creators. What is a platform without users? No matter how good the concept is, Nobody wants to spend an entire day or hours creating content only to have it undervalued.
Personally this curation revelation has come as a shock.
I thought this was a bit high, so I checked your last few posts to see what's happening, and I saw that you used @likwid service. You do realize that ALL of your author payout will go to @likwid in beneficiary reward and they will send you an immediate payment instead?
So a lot of the beneficiary rewards you're freaking about will go to you. Also you're posting via steemhunt, dtube, etc. that all take beneficiary rewards but give you access to upvotes that you wouldn't get otherwise. What % of your upvotes would you lose if you stopped using those services?
What if 50/50 curation works the same way? If curators can earn more, will the be willing to share more of it with quality authors? Will you get votes you wouldn't have got otherwise and then bitch about not getting 75% of it instead of only 50%?
!dramatoken
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I did not, but @wehmoen has explained how that works.
That's a big What IF, what if they don't? I would rather not work with assumptions & not fix what is not broken!
It takes a lot more to create daily content , than it does to curate! Those 2 could never be equal and should not be rewarded equally!
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Where does STEEM value come from? Rewarding curation is not about the relative effort.
Would you rather have 100% of a token that is worthless because authors liquidate right away instead of keeping it powered up to reward others? Go register for SNAX then.
It is a big if, and I have publicly come out against the changes, even though I originally was supportive of them. Designing a system for the best in people, without taking into account the worst in people, is a big mistake.
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There's always 2 sides to a coin. I haven't come across anyone who is convincing enough as to why this 50/50 change is a good thing for content creators. Only the assumption of bigger rewards from curators.
Majority of the large stake holders on Steem are not even interested in Curation rewards, for them Steem is probably just a store of value. Should we risk losing content creators over the assumption they might start curating once they are given a more rewarding system? What if they are not interested then? We lose creators, of whom, we don't have enough of. If anything, we lose more by the day. What is a platform without creators?
The thing is, curators always have the option to create if they want more rewards. But creators don't always have the luxury or ability to buy up some steem.
I never understand people who are against authors cashing out. That is primarily how steem was designed by default. To be a platform where people can create content, get paid and go take care of other important things in the real world. This notion that they should always earn and power up is ridiculous.
If steem is losing value it's not because people are cashing out, it's because majority in the space don't find value in it(yet)!
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To be clear, I am not against authors cashing out. My point is that for ever STEEM sold, there has to be a seller and a buyer. An imbalance between sellers and buyers results in price movement.
Since new content creators come out of the woodwork when price is high (because free money, yay!), people start looking at the demand side of the equation. There are multiple sources of demand, including speculative demand. Which source of demand is dominant? I don't know for sure, but strengthening any other source of demand will also strengthen speculative demand. STEEM is one of very few crypto-currencies where you can optimize, or earn above average staking rewards through curation. If treating curators a bit better instead of 'authors do all the work, why should curators be fairly paid' results in a higher price... authors will still do better, even if NO curators change their behavior.
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Interesting, did you publish your change of view re 50-50 rewards?
I note it is now 20 days since Vandeberg's last Deep Dive - I figure he's doing the maths, and it isn't pretty.
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Much more publicly than if it were on my own page:
https://steemit.com/hf21/@steembasicincome/sbi-in-an-hf21-world-part-2-convergent-linear-and-downvote-pools
Incidentally, I still think 50/50 is better, though mostly irrelevant. My primary concern about the EIP is that it assumes the best in people to reach a positive outcome, instead of assuming the worst in people and properly accounting for it.
(my conversations with you were an important component of about-face, actually)
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That last statement is so right - allow the best but prepare for the worst. The EIP throughout looks like it believes its own story without being stress tested against willfully malicious actors - this makes Steem vulnerable to social attacks from those who wish it to fail.
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Yes, if you hover on your post payouts on Steempeak you can quickly check that you have a few posts on 100% beneficiary for Likwid. Plus you pay a lot of beneficiary to DTube, Steempress and all the others. So these numbers are really skewed :-)
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This is how payouts look for someone who doesn't pay (a lot of) beneficiaries - not so bad right? :-)
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Not bad at all! But I cannot imagine not being part of those communities that I am a part of o.O!!
I didn't know about this Likwid until today, sighs.
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Yeah, that's totally fair, these communities are cool, and you also get curated by them, so you 'pay' but also in order to 'receive'. In the end the net gain is positive :-)
The Likwid is 100%, so these will all come to you anyway and are not showing as $payout in the screenshot you shared :D So the damage is way less severe than you thought. Good news :D
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Thank you. You are the messenger of great news! I was honestly kind of very worried. I am not that invested in economics and hardly knew about Likwid. I just focus on creating and minding my business heheh, Fingers crossed to see you at SF <3 <3
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Sorry, you don't have enough
DRAMA.You need
10.00000 DRAMAmore for a chance to make it happen.To view or trade
DRAMAgo to steem-engine.com.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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Oops, you're right! I guess I forgot and sold it all instead of keeping 10. gotta go buy some more ASAP.
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Very well explained. :)
Posted using Partiko Android
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I’ve been out of the loop...
Did the hard fork happen and this is now the result?
It used to be that curation rewards were about 25%... i don’t understand how it could have increased so much...? 🤔
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We Are Still in the Old System LOL. Apparently there's nothing to worry about (yet), it has something to do with beneficiary rewards & something called Likwid. No idea what it is or does, but I should have some rewards back to me soon.
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cool.
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Yours is worse! lol
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Bring on fifty fiftaaayyy!
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PPFFFFF... Of Course You\d say that, You're a whale!! Small Fish Eater o.O
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The fork is not implemented yet.
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Exactly! If it happens We'll probably get way more less! This is from the current rewards system. Imagine what happens when it's 50/50? pppfff...
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Then your 70 dollars there will be 50....
A week with your current effort.
The problem is that not many are empowered to curate, not much whales to curate.
Plus the beneficiaries are getting a big cut as well.
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And they still want 50/50.. Life is as is I guess. Let's see how this spans out. Keep on Creating <3 :)
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😄😄
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Im all for 50/50 to be honest I mean really whats the worst that can happen? This is a place to test all theories to see whats the best thats how we innovate even if its a bad idea we will then have proof and can move on, thats how progress is made.
Besides content creation is technically a 50/50 thing you cant have content without viewers and you cant have viewers without content. I just wish it was more focused on manual curation. I'd rather have more people see my stuff and earn less, that's just my opinion. The comments mean more to me than the rewards
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That's one way to look at it. Except it isn't working that way right now. My worry is we might change, it gets worse and noone will want to go back to the default set up. It really is combined effort, one can't exist without the other.
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