I’ve played games centered around an optimization process my entire life: starcraft, poker, and fantasy sports. After my initial foray into steemit, realized there were curation rewards for upvoting content which later becomes popular. Just as I had done in all my past and current interests and jobs, I attempted to optimize the money I could make on the site, this time through curating.
It’s hard to convince people to not make simple and economically smart decisions. If I’m the second person to upvote a post that receives no other votes, I will receive no curation rewards. However, if I’m an early upvote to an article that explodes, I will receive some compensation.
So I started following all of the names at the top of the daily trending list. These were the people who posted popular content, and if I refreshed my feed sporadically throughout the day upvoting new content that came in, I would receive large curation rewards. I started liking posts because of who authored them and probably only read 70% of the material I upvoted and disagreed with or didn't enjoy some of that material after reading it but never removed an upvote.
Except I didn’t receive large steem rewards:
While I’ve received more in curation rewards than I would have had I been liking unpopular posts, 1.135 SP in a week of curating is not enough to warrant my past greed.
I am not a whale; my account is valued at ~$1650, so my upvote doesn’t significantly move the needle, either for the account making the post or for my curation rewards. If I had a larger account value, both would be higher. But as of now, and the same will go for many of you as I am probably in the top 3% of account values, curating does not provide me with substantial rewards.
A Move to Altruism
monkeys doing what is best for everyone
I’m not saying unfollow every popular person currently in your feed, I don’t plan to; I greatly enjoy reading and interacting with @falkvinge @sterlinluxan @kevinwong and other popular content providers posts.
But I’m going to follow three simple rules:
- Don’t follow people for the sake of curation rewards
- Don’t upvote a post before reading it
- Follow anyone whose content you really enjoy
The benefits of curation are too low to be worth most people’s time on here. Let’s build steemit’s content from the ground up: comment on unpopular blogs, trawl for hidden gems and selflessly share those instead of your own posts, have lively discussions in threads with little monetary benefit to yourself, try and learn new things. Let’s move steemit from a money hungry popularity contest into a smart discussion forum first that occasionally has reward benefits after.
Some People to Follow
@melek
Melek came to my attention when she (I think?) posted a scavenger hunt with a $30 reward for winning: https://steemit.com/steemit/@melek/introducing-the-melek-steemit-scavenger-hunt-and-math-challenge-1-win-30-steem-dollars
I won the contest, immediately received the $30 and was a little frustrated to see her post, which pledged to give back 25% of rewards to a future scavenger hunt, only get $5.05 in rewards after providing such a fun and selfless game for the community.
Another unappreciated awesome work:
https://steemit.com/philosophy/@melek/the-rise-of-pluralism-and-the-supremacy-of-truth
Check out more here: https://steemit.com/@melek
@biophil
https://steemit.com/@biophil
Phil is a PhD student at UCSB studying electrical engineering but his research “bridges various aspects of economics, computer science, and control theory”. A few of his Game Theory of Steem posts blew up to high payouts, but some of his most interesting work received less than $10 in rewards.
I found these 2 articles on disagreements with anarchy/voluntaryism extremely interesting and found the in thread discussions as engaging and intellectual as I've seen on the site:
https://steemit.com/anarchism/@biophil/an-original-parable-about-voluntaryism
https://steemit.com/anarchy/@biophil/should-anarchists-abolish-the-commons
@sethlinson
Seth is an animator and anarchist from Toronto. What caught my eye was this blog post on how effort is worthless compared to demand: https://steemit.com/steemit/@sethlinson/i-made-usd700-with-my-1st-post-and-usd0-06-with-my-third-steemit-a-lesson-in-free-market-economics
He is absolutely right. If you want your posts to make money, give the people what they want to hear. But in my effort to not focus on money, but instead to focus on product, I want to draw attention to some of his other posts that I found better and have gone unnoticed:
https://steemit.com/anarchy/@sethlinson/this-art-used-to-hang-in-a-government-building-now-i-m-using-it-to-promote-anarchy
https://steemit.com/feminism/@sethlinson/why-i-became-a-feminist-and-why-you-don-t-have-to
@bendjmiller222
https://steemit.com/@bendjmiller222
I believe the comment section should be the lifeblood of steemit, and I originally followed Ben based on what I saw him post in other threads, not his own original content.
He is a cryptocurrency enthusiast with many articles about steem, but his non crypto posts like this deserve more love: https://steemit.com/steemit/@bendjmiller222/how-my-best-friend-saved-me-from-suicide
@domavila
He’s been providing trading news and insight on steem’s price for a month with only one post exceeding a $10 reward (full disclosure: it got to $550)
Some unloved examples:
https://steemit.com/steem/@domavila/steembtc-a-butterfly-dies-but-a-deep-crab-emerges-reversal-time-for-steem
https://steemit.com/steem/@domavila/steem-price-analysis-steem-btc-bullish-signs-for-steem
I'm going to spend some time today cleaning up my follow list: deleting people I don't enjoy reading and adding people who I do. Leave suggestions below for anyone you think is worth following, including yourselves, I promise to respond to everyone, read articles, and follow who I enjoy.
My name is Ryan Daut and I would love to have you as a follower. Click here to go to my profile page, then click FOLLOW in the upper right corner if you would like to see my blogs and articles regularly. My interests are poker, fantasy sports, mathematics, astrophysics, cryptocurrency, and computer gaming.
You can also follow me on twitter: https://twitter.com/rcdaut
Thanks for the mention!
I've taken a break from the game theory series for a little while, as I'm developing automation tools for my new Lost Content Digest service. I'll be finding quality articles by new authors that received very small payouts, and then donating the SBD proceeds of my Digest articles to the authors that I mention.
I first proposed the concept here, and the first issue came out yesterday and can by found here. I'm looking for whale benefactors to help upvote the series and fund these "missed" authors, so spread the word!
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Sounds perfect, will check them
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I attempted the same method that you described, following popular people through my feed and up-voting their content within the first 15 - 30 minutes and was really unimpressed with the curation rewards (my account value is now about $700) that I accrued from spending all that time.
I value my time too much to waste it voting on content that I don't really like, or even spend the time to read, just to get a few fractions of SP per week.
I've recently decided to use the up-vote more like I would a thumbs up on YouTube and my time is now spent searching out content that appeals to my interests, as opposed to seeking out what I think will "score" high with the community.
The way I see it, this is a win-win from me and the Steemit community, as it allows me to get the most value out of my time and gives rewards to the rightful people (against this ridiculously slanted distribution of rewards). The more people that start to treat Steemit this way, the healthier the environment will become; the quicker and bigger this thing will grow.
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Hey @daut44 , thank you very much for this post. It really highlights those hidden gems, that ought to continue fighting the good fight: Keep on Steemin'.
Will you be doing a second edition of this ? Because I'd really like you to see my posts and be featured on the next edition. You see, my content is unique in the way that I post entrepreneurship posts for young startup enthusiasts on Mexico, and Discover Mexico posts on Sundays, so that people from other countries can break visual barriers.
Cheers.
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Possibly will do a followup. To be honest, it would be best for the community if those with a greater followings than myself picked up where I left off to bring recognition to the unrecognized and unheralded. But I'll check out your work
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Thank you @daut44, and yes, it seem reasonable. I'll be expecting your comments regarding my content. Cheers.
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I really enjoy your Discovering Mexico series and look forward to reading more.
Regarding entrepreneurship, you should offer your personal story first before giving short pieces of advice about starting businesses; you need to establish credibility, and describing your two startups in more detail with websites shown and how they've done is the way to start. Most people have no goals of starting a business right now so they may not have any interest in reading about it, but if you tell them why you started your businesses and the process that led to it, it may gain a lot more traction and inspire people to learn more about it.
Followed and good luck
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This has been the best advice i've received so far. Thank you @daut44 , this way I can make a connection with people by showing them the path I've chosen and the decisions that led me to it. I really appreciate you took the time to read my content. And of course, next Sunday will be another Discover Mexico Post, I have some very interesting places and stories to tell. Plus the entrepreneurship posts.
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Excellent post - this really helped me as a STEEM NOOB!!! :-)
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100% agree with this post.
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@daut44 :)
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Thanks Ryan, Got to follow interesting people because of your post. That will improve my feed. Cheers.
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I just became aware of this shoutout now. Thanks a lot!
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