This will be simple, short and straight to the point. I have read dozens of articles and probably hundreds of comments about 50/50 and how it will affect us in various ways. I was against 50/50 for a long period of time, but I eventually started to see how it actually could benefit us instead of making things worse...
I am still skeptical, and I will probably not believe it until I see it with my own eyes, but I would love to hear from others what they think will happen when 50/50 becomes the new normal on STEEM.
There are two things I am the most interested to hear:
- Why it will be more difficult to earn.
- Why some people seems to believe that there will be less pressure on authors to produce content.
I personally can't really see the reason for number 2 to be true if number 1 is accurate. Tons of people seems to think that they will earn less, because curators will earn more... So shouldn't the pressure to produce quality content increase if that's the case?
Double curation means a haircut of 33% don't have to be a rocket scientist to figure out why this is an earning cut. Combined with sps and the curve, we are getting pinned. Also for curators, comment voting will take a beating, too. Even if curation rewsrds double, it's still less than 1 decent post.
Let's face it a majority of authors shitpost and spew out low quality low effort posts sharetosteem actifit autogenerated 'reports' and comments that seem machine generated (or worse proof of low iq). Assuming curators are aiming for the best, theybwill overlook this junk. The curve and free downvotes will presssure peoole to overlook junk. Posts wanna maximize revenue so maybe they will stop posting so much spam and junk.
It isn't all that bad, for decent people, it wilk be like the rc change and only a temporary hurdle. It's designed to wipe out abuse and improve steem.
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I agree with what you said, but if you are right, shouldn't all of this lead to even more pressure to produce high quality content for authors, instead of less, which some people seems to believe?
I mean, if they believe they will earn less from their posts due to the 50/50 split, they would ultimately need to produce better articles to get rewards... So the pressure to post should also increase?
Or is it that these people are talking about quality articles? That they won't have to produce as many high quality articles as before...?
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It will lead to more pressure to create quality content. But let's face it most people who post daily are treating it like a daily quest for some mmrpg and want to get awaybwith as littlebeffort as possible. Now they will have to work harder or see their rewards cut. To make it worse the price sucks.
Things like sharetosteem, or posts like I saw a common bird on my lawn and took an okay pic of it are going to be harder to get away with making any decent amount of steem from.
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There will be less pressure to post because you will earn more in curation.
The new platforms have been paying 50/50 and its working great. I get rewarded for reading and take my time leaving comments and interacting.
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That's basically why I believe 50/50 could benefit us on STEEM. Not sure that pressure would be less due to the curation rewards, but it's definitely a good point.
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you forget one big thing. current distribution of coins on, for example, palnet.
thing i don't believe will happen on steem is that people that shitpost-selfupvote-bitbot will start all of a sudden looking for great quality content to vote on. some maybe, most probably not. so what will happen is most will earn the same amount on posts, but after 7 days they will get 33% less.
how will that affect creators, i have no idea. everyone has a breaking point when he/she will tell "not worth it", is it 1$ or 0.7$ don't really know.
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It really like the idea. But its not like I produce high quality content either way. I do more curations that quality posts :D
Mean, I like what Palnet is doing, so with a bigger stack on steem it will be more profitable I think and it will make better posts I guess or that could happen
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I think most people curate more posts than they write, but there are probably some exceptions. :D
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Ye ofcause haha, but there is more profit in posts than curation currently :D
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We will not really know until it starts as code will be there and those with the skill to understand and analayze the data will do a better job to leverage that knowledge to make it work for them.
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I think the jury is still out on a lot of this. HF21 has been in the hands of testing now for one month, no word from anyone testing what they think of it so far.
As for the 50/50 split, I think people comparing it to the new Scot-Tribes and their 50/50 split are over looking one big factor when they say it has been good for them, they are getting two pay outs, only the PAL or other ALT tokens are split 50/50, steem is still based on steem split.
If 50/50 does go through it will take time to see if it does improve content if it does improve curation, if it takes away from vote bots. Personally I don't think any of that is going to happen. Mid sized to smaller accounts are still going to be able to organically vote content, above mid level accounts they are still going to use vote trails they never look at after joining, or continue to sell their votes because they do not have the time to find enough post to vote on.
It has been a very long time since I have seen a larger vote ($1.00) and up on a single vote. Most votes are cast at 50% vote value or less, some times a lot lot less. Is any of that going to change?
People need to look on steemworld, go to setting tab, then to view set decimal places to at least 3 and then look at the VP % of vote you received, and the vote value. Especially if you get votes from a "Curation" trail.
We will just have to wait and see, and hope for the best.
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Steem value doesn't come only from people creating, but users willing to buy Steem. Giving more value on the curation makes it more valuable to own Steem Power, which could help to make Steem more valuable.
When Steem prices start to climb, everyone earns more.
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I'm wondering how this all will impact bid bots because now they will have to charge less for their voting services or it doesn't make sense anymore.
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