RE: I filmed this video of @ned @pkattera and @sneak talking about the SMTs and the future of Steemit

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I filmed this video of @ned @pkattera and @sneak talking about the SMTs and the future of Steemit

in steemit •  7 years ago  (edited)

Your guesses what I think or do are moot. You obviously have no idea about me, my work and my intentions.

You think because you invested a lot you should get a lot.

No. I get what I receive for my ongoing work. My investment just allows me to decide a little bit how the rewards are distributed. Which is the only reason to invest, without it there would be no value in steem and nobody would earn anything.
Besides, if you looked at my voting and the work i do you'd realize how stupid your insinuations are. That you still didn't and keep insinuating says a lot about you.

I think you fail to understand the potential decentralized media has, simply viewing this as an attempt to make money.

You think wrong. A look at my history will show you why. On the contrary, I would assume that your expectations towards decentralized social media are a bit off. No blame there, it's a very complicated field where you can't get a full understanding in a mere 3 months.

The argument I make (which you are incapable of rebutting, despite your steem power) is that everyone should have a right to have their ideas heard.

Everyone has that right. How prominent an idea is presented is decided by the community. If you dislike that, think the alternative - no way to suppress spam. Have you ever tried to run a blog with an unmoderated comment section?
This decentralized form of moderation works stake based, because there is no other way.

People can campaign and protest about problems, which leads to change.

Not protest leads to change, but better ideas. Do you really think you're the only one who ever thought in the direction you do, in the whole two years steem exists? How close-minded to think no whales would care about better distribution.
The point is, your ideas are nice, but not practically realizable.

To your point that I should "shut up and go away"

My suggestion was to find something you understand and like, instead of wasting your own time playing the rebel on a platform where you don't understand the reasons how it is designed, and don't have a good idea how to make it better. That's why I said you're fighting windmills. I don't care where you put your energy, I just suggested to choose something where you can achieve something.

You could wait for a platform that works as you wish. You'll wait forever then though, it's not doable.
If you still need me to prove something to you - just suggest a concrete change, and I'll tell you why it can't work ;-)

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A wealth cap on the amount of income with a post can earn – with extra earnings given either to the reward pool or to @steem to make sure it has enough steem/sbd/steem power to continue to create new accounts.

  ·  7 years ago (edited)

The @steem account has more than enough, and they are working on a change to account creation so they don't need steem for it any more.

A cap per post doesn't make sense, the greatest part of the self-voted posts would never reach it, or the behavior of the exploiters would change and they split up their content into more posts.
It would cap the really important and deserving posts though (steempress by @howo for example). We cannot take away the possibility to hit it big.

Limits on individual accounts/posts never work, because it's easy to act as multiple users, and in the end it hurts the honest ones. When you think about a change empowering minnows, you always have to consider that one whale can easily split up into thousands of minnows. To avoid that and the resulting flood of spam and fake users we need to incentivize big holders to keep their stake together.

Originally the rewards were distibuted by another formula, stake² - this has already been changed to linear. We have a lot more spam since then. Any change shifting the power further to small accounts/making small posts more profitable will make that worse. Those looking for a way to squeeze the pool will find one anyway.

Ok. I take your point.

@pharesim true, but can spammers really earn decent money here? Most of those making decent content can't. In fact, it is very easy to actually lose money here instead. Problem is, most whales don't create any content, just circlejerking each other, while minnows get noticed only by other minnows whose votes worth nothing.

  ·  7 years ago (edited)

What's decent money depends on where you live of course. The higher the price of steem, the more international the spamming becomes ;-)

With an investment in steem and constant self-voting a good ROI can be achieved. It's near impossible to measure the extent to which this is happening. I know about a few users/projects targeting those with flags, but can't tell how successful that is.

@pharesim considering how rewards are calculated, the more expensive STEEM becomes, the less SP is generated as reward. Therefore, the biggest ROI needed to make profit. Bid-based bots get disadvantageous already, because of the sheer quantity of mindless bids by those who can't into math. And to get by with just self-votes one should invest a lot. I dunno, this amount of money can make money in plenty of other ways, without risk of being busted by @cheetah of @steemcleaners

  ·  7 years ago (edited)

The amount of steem in the reward pool is independend of the price. We have a fixed inflation (lowered every couple of months).
What goes down is the calculated $ amount and with it the rewarded SBD.

I didn't know that, thanks for the info!

how are you pharesim? Why do not you post?

Herzlichen Glückwunsch zur TOP 100 - Platzierung im aktuellen Ranking der effektivsten #deutsch -Kuratoren!

Es ist nicht entscheidend, welcher Algorithmus diesem Ranking letztendlich zu Grunde liegt, entscheidend ist, dass jeder Deiner Votes Bedeutung gehabt hat! Für jeden Einzelnen und damit für die #deutsch -Community insgesamt.

Dafür vielen Dank und mein Upvote, entsprechend meiner Ankündigung hier.

Shaka

Dies ist ein generischer comment an die TOP 100-Platzierten und damit ohne Bezug zum gevoteten Beitrag

Selbiges gilt für mich, da ich mich ja @shaka bei seiner Aktion angeschlossen habe! Gratulation :)

  ·  7 years ago Reveal Comment

Lol, thanks, point made.