What a downer. Would be interested to know if this still is in effect. Can't find anything to the contrary. How very disappointing. When I first learned about Steem/Steemit I clearly saw it as a great way to monetize stuff in the long run - contrary to the ad-driven marketplace on YouTube and elsewhere on the web. If content creators really had the incentive to create good quality for the long haul, that would make Steem/Steemit quite powerful vs the ad-driven networks. But it seems I was mistaken. And this analysis was right, https://medium.com/chain-cloud-company-blog/platforms-pt-2-there-is-no-free-money-on-steemit-and-golos-40152d418723 : Steemit is an ad-driven network.
There's something incredibly flawed about rewarding new content at the cost of losing long term quality, which points in the direction of Steemit being not so much different than making it anywhere else on the web, if not an outright scam, where the investors can cash out early, at the cost of creators.
I agree with what was said. Suddenly Steemit seems much like a dayjob with a salary than the step towards financial and artistic freedom, many online creators seek.
I do wonder, if it wouldn't be possible to build a genuine blockchain-based social network/video sharing network, but in combination with a subscription based model, which made sure the cash flowed from viewers/readers to the creators whose content was most popular/used on the network, but also accounted for production value or artistic value and other factors which make something valuable for the human race. Without compromising users' privacy.
I feel your disappointment. It stopped me in my tracks with a couple of my projects. Now I'm building websites around my content. I'll eventually crosspost on Steemit once I've had a chance to build up those accounts, but only as a supplemental step or a funnel with links back to my websites.
Another side effect of this 7 Days to $0 is that it effectively kills curation. I think of curation as people sifting through all the trash to pull out the gems. On Steemit, that only pays if someone does it with recent content. And yet, at this point, it's undeniable that 99.9% of the best content on the Steem blockchain is older than 7 days. And it's also true that 99.9% of recent posts are trash. So there's not much to curate.
Unfortunately, I don't hear a big clamor around here to change it, so it's probably not anywhere on the Steemit roadmap.
That said, I believe the value of Steemit is the community. It's an excellent place to engage in thoughtful conversations with people. Just don't expect to get rich. And don't spend a ton of time producing high-quality content just for Steemit. It's better to generally build your reputation with thoughtful comments (like the one you left here) with other people. It will build your reputation score, your following, and it just might make you a little money here and there.
And remember, whatever you post here is on the blockchain FOREVER. You can't delete it.
Oh, and welcome to Steemit!
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