Are you using PALnet? If yes, how is your experience with 50% Author & 50% Curation rewards? (As you might know, HF21 is going to change rewards from 75/25 to 50/50)
As Content Creator: do you feel less motivated to create and share your content on Steem? Or is your motivation the same/even higher?
As curator: do you feel more incentivized to curate content than before and/or are you more excited about potential rewards?
As stakeholder: do you have a bigger incentive to keep your rewards (PAL) staked to increase the rewards you gain via curation? Or couldn't you care less and sell all PAL generated instantly/let it idle in your wallet.
Looking forward to some insightful comments & gonna' reward them as well.
Wolf
More motivated to curate on PAL currently. Downsized my main steem account for now so PAL is the bigger upvoting account.
Plan to go back to curating mainly on steem once / if HF21 goes through. Then if i happen to curate a post that has other tokens attached - bonus! :)
Powering up and buying some PAL, also trading some for other tokens, having some fun.
Oh haven't down voted anyone yet on PAL. Haven't seen anything worth a downvote plus it costs me in steem lol
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Waiting for you on the board Sir, hehe
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How do you downsize steemit? Nowhere I can find an option to stake here with steem. 🤔
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i have delegated steem out of my main account to other alt accounts on steemit using https://steembottracker.com/delegation.html. Hope that helps.
edit: Or you can just use the delegate button on your wallet. Not that i have ever used it lol
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I feel like staking and hoarding PAL, while just continuing to create content like always, is the best deal right now. We can earn great new tokens, which are worth more than what most get in Steem upvotes. 50/50 makes me want to come and check out more content and upvote both posts and comments in PAL and SPT. As I write this I am checking the new tribes page from Steempeak and it is all really awesome. I have felt never more motivated on Steem in my two years, including the $8 Steem price. The technology has finally came to a point where things get really interesting. Who cares about a low Steem price right now, when you can earn PAL and SPT at the same time?
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What a great comment, PAL has also boosted my enthusiasm, and with your new fleet emporium you must be really buzzing!
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Good morning!
As a content creator I plan to do the same and try and provide one item of interest each day - with the #palnet tag of course.
As a curator, I spend more time now looking through content on palnet.io than I do on steemit/busy. This is because I am only viewing content that will make use of the 5000 PAL I have staked.
As a top 50 PAL stakeholder, I see double the reason to hold PAL over SP at present and have struggled with comments from people stating there is little reason to hoard a lot of STEEM in SP, particularly if you are only distributing to others and not yourself.
All in all palnet.io has come at a good time, and should ease the worries as we head towards the next hardfork.
Cheers!
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You keep posting on Steemit and use #palnet or post directly on palnet and?
Can there be used an other tag for steemit.
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I generally post via busy.org, as they will give you a vote every 24 hours for producing content on their site (as long as you use the #busy tag). And from there, I will also use the palnet tag.
I don't use the steemit tag often, and use steem if the post relates to our blockchain.
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I have been a curator on smoke.io since it has started and overall, 50/50 has worked well as large accounts are encouraged to vote, but not post much. While I have grown my account through curation, it is nothing in comparison to the active creators. While it is different here due to the already established distribution, I am hoping that there will be some of the same where large shitposters choose to be large voters who earn curation instead.
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I hope so too. That would be the optimal outcome. It does get tiring to be doing all the rights things and see posts with limited value making great money while my high value posts get tuppance. But I am in for the duration! Not complaining, just hoping for positive change.
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There is never going to be a perfect solution to any of this and even when it is very good, changing supply and demand will continually unbalance the system and more changes will need to be made. It is fascinating to be a part of the process.
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I agree completely. Those of us who are curious, fundamentally happy by nature, and willing to take what comes will manage just fine through the inevitable rebalancing. 😁
Posted using Partiko iOS
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I am mainly a curator and stakeholder. Sometimes I also do create content.
As a curator: I have a lot more fun curating content. I am excited about the potential rewards. I am excited to be able to have an effect on the trending page. I feel like curation does something here. On Steemit I had stopped curating and now I am back thanks to the better distribution of tokens on Palnet and better rewards for curators. At the same time I see it as my job to find good content and do something for the higher rewards.
As a stakeholder: I would have a bigger incentive to keep my rewards staked so I could increace my holdings even more (and my influence), but in my special case I don't plan to increace my holdings much more. I have 11k Palpower and I feel like that's a lot. It is in my interest to make some profits back and at the same time I want to distribute it to more people. I don't want to be a whale, because in my opinion it is not great to have many whales.
As a content creator: I don't care that much about rewards. It's a great thing of course but I don't care if I receive 10 PAL for my post or only 6,6 PAL. It is more important to receive comments and interaction. I also think that good posts are more likely to gain high votes, because of more motivated curators.
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I feel the pressure on to curate better (for better rewards), while thinking less about content creation. But I'll still create content when I have something interesting to say/post. But I'd have more motivation if it stayed at 75/25.
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I’ll keep this one short...
It’s the first time since...nah...actually it’s the first time that I find myself so excited about a project.
People behind this project are extremely helpful
As for the rewards? Even though we are still at a very early stage, they are more than decent. The more you stack them the better
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Flattery will get you a reply, at least. :P
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It ain't flattery, just the truth...you know better.
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See, it's like some sort of vicious cycle... Here is another reply for you.
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Hahaha...love it actually. Something like the the butterfly effect.
Just don't...don't.
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I am using the palnet tag on all my posts now. I do not really use the site itself. All of my posts are done through steem dapps that pay with upvotes, so if I post on palnet, I would lose those votes.
I have three blogs and made about 10 pal last week between them.
For the last weeks, I have been working to increase my curation income on steem and have about doubled it so far. So possibly this means it will double again at the time of the fork.
This account is at minnow status and my other two are redfish. So I just try to adjust to whatever happens here and slowly grow my blogs.
Hoping for the best with all the changes and posting 40+ times a week no matter what. But if my blog income drops by half, I will be in a world of hurt since I live off steem money. I am someone who does not worry about too much until the day it comes, so I am just continuing on.
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Super interesting explanation, @fitinfun. I do hope the changes aren’t too harmful to your income stream.
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Thank you so much, @jayna. I guess I will find out when the changes get here, and persist as best I can :)
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Honestly speaking @therealwolf, 50-50 will prove to be more beneficial for everyone imo. Since creating content is time consuming, people will be incentived to curate more. Hence, they will also be spending more time on the blockchain. Which is what we want. People to spend more time. Even FB and YT are coded like that. Watch time on videos and spent time on blogs matter.
This can help Steemians to earn more, build more & add more folks to the blockchain. Investors will clearly see the opportunity to put their money because every action build something for them.
Currently I am earning & Staking PAL and creating content everyday. That's the best way to go about it. Stake to a point where you get enough Vote Value and then it will be smooth ride just like we have now with STEEM. And don't just stick to PAL or STEEM. Go for more tokens. ;) Stake them. Curate content and earn Different Powers overtime.
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the only change i have made is to add palnet as a tag.
The distribution on PALNET is different than Steem and it's new so the new car smell isn't off it yet.
The HF21 EIP changes to Steem are not going to work like on PALNET. I don't have any confidence that they will benefit anyone but the top stakeholders. It most certainly will not act as incentive to retain new Steemians.
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There are pros and cons. I don't like that my vote seems a bit dwarfed on there for having a top 100 account.
It works much better there though because the distribution is so much better. It is clear to me how insignificant everyone but a few will be on Steem after the changes.
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All of this should be taken with a grain of salt as I do not believe that the feedback we're getting from palnet.io automatically transfers to steemit.com (et al.): I've been active on Steem for 1,5 years, slowly but steadily building an account, whereas on PAL I simply received an amount of stake and influence, and I'm not yet as attached to what's happening on there as I am on Steem. I'll answer to your questions as if I were only active on PAL and not acting 'Steem first':
As a content creator I'm excited for the numbers below the post and then disappointed to see the actual payout which is only half. As I'm an artist I'm used to not getting paid/others earning more from my work than I do myself, so I'm not surprised, just disappointed. I'll keep on making content because that's who/what I am and will move on when finally a better system for content creators arises. I believe this opportunity will someday come and have high hopes to find this in the crypto space.
As a curator I feel I need to buy in big to make curating worthwhile. I don't have the funds to buy in big so my upvotes feel mediocre in the big scheme of things. I do know I get 50% of the curation rewards but the feedback on that is too slow (7 days) and I'd probably be more excited about this fact as this was gamified (I could see my pending curation rewards in a nice way presented the same as I see my content/author rewards pending - yes there are tools to look this up but they are not good enough/playful enough/informative enough).
As stakeholder I don't feel the need to be powered up - I only feel this need as a curator/author. It shows dedication to the community and I feel that is also what gets support in return. I've literally read from one of the PAL curators that he/she is not upvoting those who sold their stake - only builders. And I can see why. So holding stake is for authors/curators, as a stakeholder I could just as much wait for the price to rise and sell like I do with any other coin and sell at a good price point - or hold a portion powered up and delegate it (that's a Steem remark that slipped in as there's no dlease.io for Pal yet ;-))
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With all that said: PALnet.io is the best thing to happen to Steem in a long while and I've seen many authors jump on the chance to 'start fresh' and be less bugged by all the bidbots/spam/trending page :-) For me it's exciting to see the ecosystem in which I move grow from just one static place to a whole system of niches and communities and coins and and and :-)
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I think that it is way too early to say. There is still way too much hype.
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Frankly, that's comparing apples to oranges!
PALNet starts as 50/50... no one has a built in institutional memory of 75/25.
ALSO, and this is KEY
Perception in the greater market is important.
It's not about REWARD Dollars.
It's how does the market value Steem?
AND the value of steem is a perception based on a few factors.
How many users?
Faith in viability
among others...
So, what happens to the value of Steem is in the greater marketplace, people see users go from 1 million daily to 100,000? Or from 100,000 to 10,000? Or 1000?
When small accounts leave, perception FOR WHATEVER REASON in the marketplace is, the platform is shrinking, therefore, the VALUE of Steem is going down.
Perception in the marketplace is more important than fociusing on Reward dollars right now.
HF21 should be about implementing Downvotes, about implementing the SPS rewards... TOO MUCH Economic change all at once is VERY bad. It is destabilizing. AND again, Markets abhor chaos.
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Or, did we all forget how much the effect of people leaving Steem after HF20 affected the price?
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With the increase in dapps, there are more and more non traditional blog posts on Steem. I think the blockchain is starting to live up to its vision of being the backbone of other dapps. With this in mind, many posts aren’t all that difficult for the “creator”, such as Actifit posts. Furthermore, many Steemians are using bots to auto curate. So, we need to reward curators more for weeding through the automatic posts and finding the real blog posts.
I have discovered, for example, that my Share2Steem posts that took me a minute to post on Instagram/Twitter earn more than a blog post that took me an hour to write. I’d love to get more upvotes on my writing. So, perhaps 50/50 isn’t such a bad idea. Automatic votes can be a baseline income and manual votes can boost good efforts.
As for PALnet, hoarding for now. I’m trying to overtake my Steem balance. What I own isn’t enough to change my life, in Steem or PAL, so I’m just letting it all ride.
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Well I'm enjoying the extra tokens and the PAL price trend, and the fact that currently I can give a very nice tip with my stake on a comment, more proportionality than I can give on Steem.
As a content creator, I don't feel as motivated because I lose half, I feel curation's more of a way forward (but with double rewards also in Steem it's still worth creating)...
In terms of curation, I've added the 'PAL crew' to my autovoter as I figure that's the best way to curate for PAL returns. I also now manually vote mostly through PAL.
In terms of stake, I don't intend to sell any for now, i'm staking the lot, and I've delegated to get an extra PAL a day.
I was a bit skeptical at first, but now I think I get the potential - micro communities within Steem all with different rewards systems - what a superb way of testing the 'best' economic model - all we need now are a few similar community systems with slightly different rewards systems and I guess people will gravitate to what they feel is the fairest.
Although the skeptical part of my brain wonders if this isn't all just a bubble within Steem.
Having said that, that's a very quiet skeptical voice largely drowned out by my enthusiasm for the project.
DTube tokens next, that will be interesting.
I'm looking forward to getting my head around these changes a bit more.
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Do you mean content creator? You can see it in another light: you gain 50% for free, powered by stakeholders like yourself.
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Yes I meant 'creator' ! Typo. Edited....
Yes I also see it that way, I was really thinking compared to Steem - hence why I also said Im looking forward to getting my head around this more... all these innovations do make it difficult to keep track of what's going on!
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Agreed. That concerns me as we continually hope to grow involvement in the blockchain.
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No change in my behavior so far although I do use PALnet more than other front ends these days. Always been passioned about posting at least once a day, usually more. Supporting other authors through upvotes is the thing that I always have done. Staking PAL is a no brainer for me because I believe in the future of PALnet.
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That great... Curator and investor motivated to do more curate and stake :)
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I've just started using PalNet. Not sure what the 50/50 will end up doing, but I don't have too high expectations about it. I personally do not think that it will significantly reduce self-voting or voting for crappy content. I truly hope big account finally start encouraging qualoty content, but I'm fully aware of how unlikely that might be.
I do know that many great users were already considering leaving Steemit and they were receiving 70%, not they will feel pushed to leave.
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As a content creator, I feel more motivated to deliver good content. I have a feeling more upvotes will be going around as more people see the benefits of curating and I want a bigger share. If I can increase my upvotes by 50%, it won't make a difference. It may be tough, but it is worth a try.
As a curator, I'll definitely be curating more. I currently spend around 20 ~ 30% of my upvote strength on upvoting comments that won't likely get another upvote from anyone else. As a result, I'll definitely just go find a post to vote for from the commentor. I'll even start voting for more people in larger amounts than before, no more sub 20% upvotes.
As a stakeholder, I sold all my PAL (I sort of regret), but I have Steem that I bought on the exchange and even with my PAL. However, that was the airdrop PAL I sold. I'm keeping the PAL I actually earn to see how well I can do as a beginner. Well technically I have a decent Steem account to get me started, but it will give me a better idea.
I also like to believe that it is no coincidence HF21 is happening now (right after SCOT and PAL). Posting simply won't be as selfishly profitable anymore. It will look even more obvious for people who self vote. I hope to see a lot more engagement and community and I've noticed a lot of good signs.
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I think so far there's been a combination of factors that have changed my behavior a bit.
As a curator:
I've always tried to focus on curation even with Steem as I saw it as a waste not to. Now with PAL I just have more opportunity to earn via curation. I delegated my entire PAL stake to a separate account so that I can curate on Steem and Pal individually.
As a creator:
On Pal there's currently less competition and more engaged users, so I'm incentivised to create higher value posts potentially less frequently, than to do lower quality daily posts. That's less a feature of the 50/50 split and more a feature of a culture difference on Pal I think.
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Hi, @therealwolf!
You just got a 0.31% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
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My motivation is the same and I'm not using Steemit, only eSteem and Busy but that is about to change very soon.
I curate as usual, as I've been curating quite a lot even before 50/50 on Palnet. I believe curation is very important here and the sooner people realize that, the better. However, some people still need to wake up.
All my (PAL) is staked as I'm well aware of what it means. That's the only way you can curate decently.
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I am quite excited about all the opportunities to receive various ways to earn, all on the same post! It's become fun to check in on Steem Engine. I have been staking everything, buying a few Tokens and waiting to see what happens next!
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As a content creator I have lost a lot of motivation to create really good content on Steem recently. I've found that I typically recieve the same votes whether I spend 8-16 hours producing high quality work or if I spend 30 minutes creating a quick life update blog post. That is unless I happen to get a vote from @curie which happens about 5-10% of the time that I put in a solid effort. Im super greatful for the votes from @curie but I dont think its realistic to rely on them all the time. Its difficult to spend that kind of time producing good content to get $0.30-0.70 when I can get the same by spending just a few minutes. I'm going to test out palnet over the next few weeks I think and see how things go when I post effortful work. Today is my first day on Palnet though so I cant really comment on the platform yet.
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I have no interest in curating on Pal. I rarely tag it because it interferes with me accurately tagging my Steem posts.
Posted using Partiko iOS
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I been staking all the PAL I get from posting. I did get some free coins and I tried playing in the market for the purpose of leveraging more PAL but it didn't work out.
I don't like a 50/50 system as I believe the owner of content should be getting more then 50% of the content. I thought 25/75 was the sweat spot but as you noted Steemit is changing to 25/75 so PAL being the same makes sense.
In the end I'm one this chain for the long run regardless of how the rewards are split.
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I think the HF21 split is just a bad decision all around. It is only going to make it harder for new users to grow without investing which is a pain because we owe people from poorer countries so much, let alone that your average social media user will not be willing to invest at those thresholds.
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Hey @therealwolf, we have tried to contact you several times on Discord already. Our dApp travelfeed.io is not listed correctly on steemapps.com. We have several active users, but they are not tracked on steemapps. We tried editing our app on steemapps to activate "The accounts name is being used for meta-data" several times already, but the change does not persist.
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By now I cannot say any of my posts were rewarded high. High with me is already 1$. So I don't know what I will do after the next change.
It is more about connections or? as good content.
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you can't really compare it because pal is a new thing with different distribution. also it is pal + steem most of the time.
i am powering up because that is the concept i learn when i got here, and it is nice to be able to distribute to people that you like.
not really, most of the times i don't care about the time and optimizing, i have kinda 2 jobs, don't really want for this to feel like another one.
back to the first part. you get more stake so you can distribute more. to be honest i did not even check how much is my vote worth on pal.
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Also keep in mine that Palnet does not have the SPS tax on the users either, so it's not exactly apples to apples. The issue continues to be a whacked out distribution on Steem. Is Palnet perfect? No it's not, we have a ton of work left to do, but it's nice to see many people excited again.
I am a bit biased as I am on the team, but without Palnet, I wouldn't be nearly as active with curation. Double dust rewards is still just dust.
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