Anyone know why this is happening?
I read their official statement but is there more to the story?
Official statement reads like this:
" We’ve been monitoring analytics and we were not able to reward our content creators with the true value of their content. Our focus was to grow our user base, and build an engaging live streaming and video community while growing Steem as well, and deliver upvotes as evenly as possible during the last 9 months. However, the current economic model of Steem incentivizes large Steem holders to continuously upvote their own content and other creators who specifically support their content. This creates an ecosystem where a content’s true value can’t be recognized or be fairly rewarded. Community members who are not “privileged” enough to be a part of these groups with large voting power are therefore penalized financially. This problem has been brought up many times within the community and even by prominent figures outside of the community. We believe that this problem, along with the current market conditions has led to a decreased consumption rate of live streams and videos on the platform and is one of the most important issues we are looking to resolve. For DLive to reach the next level of live streaming and video, we need a more sustainable ecosystem and a more fair mechanism to encourage content consumption and production on the platform."
Not sure how I feel about this.
They seemed like a bonus for steem to have on the steem blockchain.
Any comments about this?
Translation please @ jondoe! I have no idea what this means 🤯
They decided to leave steem for a different blockchain due to the current economics of steem/steemit. IE no content discovery, everyone just self votes or vote trades with little to nothing being done by steemit.inc to try and curb it in any way.
I'm exited for this really,
Steem has been fun, but the 'incentive to push content' and upvote hoarding. Hasn't been very promising for the future of Steemit.
Agreed, but how do they fix it?