RE: Introducing: SmartPoints
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Introducing: SmartPoints
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This happened due to 3 main reasons:
1.) HF21 & increased downvote frequency => fewer people buying promotion
2.) HF21 & 50/50 => lower author rewards => lower delegator payout revenue
3.) Downtime due to bugs in HF21/HF22 => no votes going in/out => no revenue
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I have noticed the same. I delegated over 6000SP and received about a half Steem yesterday. Will the revenue be climbing up again in the future?
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As we're shifting towards a curation service for Steem, no. Ultimately, you can either decide to keep/adjust the delegation and to be rewarded with SmartPoints, or to un-delegate if you feel that it's better suited somewhere else.
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So basically the delegation to Smartsteem became basically useless ?
If you dont get payed out anymore, only in tokens that are in value (useless).
I had a income of 12 steem and 4 Sbd per week and it dropped down to lower then 2 steem and 0.02 sbd per week.
So your saying with this new system the revenue is not going back up for us ?
The info in the post is short and not very to detail, so i am kind of quite confused now what to do. I know the revenue went down as of the market price and now also due to HF21. On Discord you guys kept saying it is just due to the low amount of bought upvotes, but now it seems there is something else causing the massive revenue loss.
So it would be nice to get clarified by you guys, if delegating to you would be interesting (at all) to do for the future from a financial point of view. Tokens that cant be converted to actual dollars are empty, useless bunch of pc code.
If you could let us know this, then I (we) know if we need to continue delegating or pulling it back. Many thanks.
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We've adapted to the environment. There is no need to be disrespectful or act as if we purposely decided to lower the revenue our delegators received. We did our best, but ultimately the community & market spoke and we believe it's the correct route. To be even more exact: œsmartsteem's votingpower was idling due to our strict blacklisting guidelines and HF21 after-effects, wich was the reason why your revenue had such a harsh drop.
Respectfully, how do you expect us to tell you how valuable our tokens are going to be? We do know that we're planning great things for the future, far beyond what Smartsteem is, but we're not able to promise anything. If we would, it would be a sham and a marketing trick.
Did you know what Steem Monsters would become when it was just a website? No. That's why the majority of people didn't buy Alpha packs. We would love to tell you our vision, but this is out of scope and not the right place nor the right time.
If you want to see what the future has in place for SmartPoints, we invite you on the ride. If not, that's fine too!
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Hmm i just asked a question, not sure what you guys think is so disrespectful about that. I asked before for help on Discord and the answer was just "no votes where bought".
Then i see this blog and so some confusion came up according the ROI.
But i have not said that you guys "purposely" changed the system. If you think that is, please quote that to me then. Cause i find it funny you are accusing me from it while i have not said that at all.
Also i am not seeing why i should be unable to have a opinion about it, even if it would be a strong one. Smartsteem also became as it is due to delegators investing in your service. Yes we have a new HF and it changes a few things around, it would lower our ROI, but i am not the person who made the decision to turn stuff around.
I delegated from a financial point of view. Meaning i invest in order to receive cash for it. If you guys are changing from a payout to (at this moment) worthless credits, then yes it is a bad investment. If you find that disrespectful then i am sorry for that. But personally i find this a stab in the back to all investors backing your service for all this time. They have been investing to you guys so you guys can grow, and they can earn a bit from it. Now you guys grow big and you cut the income from the investors, and blame it on the hardfork.
The HF only changes the values a bit, yet i am seeing no reason, nor is there any (great) reason supplied from you guys, why the old system is not able to continue.
So with this info, to get back on what you said about "choosing purposely" making decisions. You could also have chosen to to just lower the ROI according to the new HF21, but you guys change it to a token that is backed up by literally nothing. So i am not getting why you get offended if people would not agree with that.
Why are you hosting a service on a free, multimedia platform, if you cant handle criticism ?
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