On Hive, I’m just a frontend developer. I’m not sure about the history of the dev of the blockchain. Things were added and removed and lead to what it is now. Now Top20 need to make the right decision to steer Hive into the right direction .
Yes, we can blame them when they screw this up, too.
Steem's failure to thrive was Ned sandbagging us because we didn't worship him as a god, iyam.
He could've had it that way, but his class consciousness prevented it, imo.
Now, we got new biases to overcome.
They still seem pretty insular with the high rewards.
Our median payout is nearly back to where it was before the fork.
It was as high as .8, but now it is back to ~.4.
Not gonna excite any newbs looking at the bulk of the pool going to the same 50 accounts day after day, while the other 9950 of us split what is left after the top twenty voters get their ten votes in.
I mean, if we aren't here to simply pay top players, but to actually work towards mass adoption, the current rate of distribution is going to need to be much wider.
I hope this gets fixed because new users such as myself get motivated with a few extra here and there, and get easily discouraged when something they worked on for four hours gets .4 payout.
Is it possible that, in the future, new users get extra bonus "newbie"payout for the first 3 months or so. And maybe extra delegated HP for the same time frame?
Good point. That is a possibility. The rewards have to be greater than the time and effort to create multiple accounts, but if isn't maybe it won't be worth it. So the alternative is for newbies to continue creating content that gets attention and hope that one day there will be an audience who will appreciate the work they have put in.
I agree. I understand that I need to work my ass of to be able to gain some traction and get notoced by people. The same here as in other platforms, there is no shortcut to success. Thanks for the reply.
I more and more feel like earning $ from the inflation through upvotes is not attracting the right type of users to the platform. Not sure how to explain but let me try.
Before STEEM and HIVE existed, when most users comment on a blog post or a vlog, it's because it's quality content (not counting trolls and haters...). Someone would start blogging because they want to share what they like doing, some might want to do it for ads revenue but might stop because it does not pay enough for the pain. So most activities are around good content and great authors get rewarded via ad revenue because they attract more traffic.
With STEEM, you get paid for posting anything, even a single word. You then get paid for commenting a single word to that single word post. The more HP you have the more you get paid. So users who should not be authors start to post stuffs so they can make $, users who don't know what to say start saying silly stuffs hoping their comments will get upvoted, users start voting high payout posts hoping to get a bit of it, autovotes also helps.
Before Steem/Hive, were you scouting the Internet to find posts to read every day? But Steem/Hive wants you to go find 10 posts per day to upvote if you want to make make $
Maybe authors/curators rewards should be something else than from inflation in order to create genuine activities?
Or maybe the voters could take responsibility for what they vote?
Imo, the best thing the largest active stake holderscould do is support hive-dr and other abuse fighting community projects.
The coins going to fewer strong hands is not exciting to those not getting them.
I know down voting is not fun, but if hive is to 10x doing the same thing day after day is not cutting it.
I still like the whale experiment, no voting in excess of 800mv, or even better, 500mv.
Only 70 mostly inactive accounts are impacted by this, but they have demonstrated their greed clearly.
👆👇👉👈
Lol,nobody did it, right?
Or, not me?
Somebody did it, and that person needs to be loyalty checked,imo.
On Hive, I’m just a frontend developer. I’m not sure about the history of the dev of the blockchain. Things were added and removed and lead to what it is now. Now Top20 need to make the right decision to steer Hive into the right direction .
Yes, we can blame them when they screw this up, too.
Steem's failure to thrive was Ned sandbagging us because we didn't worship him as a god, iyam.
He could've had it that way, but his class consciousness prevented it, imo.
Now, we got new biases to overcome.
They still seem pretty insular with the high rewards.
Our median payout is nearly back to where it was before the fork.
It was as high as .8, but now it is back to ~.4.
Not gonna excite any newbs looking at the bulk of the pool going to the same 50 accounts day after day, while the other 9950 of us split what is left after the top twenty voters get their ten votes in.
I mean, if we aren't here to simply pay top players, but to actually work towards mass adoption, the current rate of distribution is going to need to be much wider.
I hope this gets fixed because new users such as myself get motivated with a few extra here and there, and get easily discouraged when something they worked on for four hours gets .4 payout.
Is it possible that, in the future, new users get extra bonus "newbie"payout for the first 3 months or so. And maybe extra delegated HP for the same time frame?
There are problems with this.
If you do so then that means anyone can create hundreds of account just to get that newbie bonus.
Good point. That is a possibility. The rewards have to be greater than the time and effort to create multiple accounts, but if isn't maybe it won't be worth it. So the alternative is for newbies to continue creating content that gets attention and hope that one day there will be an audience who will appreciate the work they have put in.
No short cuts to fame here.
You gotta get out and comment so people know you are here.
The rewards will fix themselves once the largest voting accounts decide to let somebody else have some.
Until then, this is what we get.
I agree. I understand that I need to work my ass of to be able to gain some traction and get notoced by people. The same here as in other platforms, there is no shortcut to success. Thanks for the reply.
I more and more feel like earning $ from the inflation through upvotes is not attracting the right type of users to the platform. Not sure how to explain but let me try.
Before STEEM and HIVE existed, when most users comment on a blog post or a vlog, it's because it's quality content (not counting trolls and haters...). Someone would start blogging because they want to share what they like doing, some might want to do it for ads revenue but might stop because it does not pay enough for the pain. So most activities are around good content and great authors get rewarded via ad revenue because they attract more traffic.
With STEEM, you get paid for posting anything, even a single word. You then get paid for commenting a single word to that single word post. The more HP you have the more you get paid. So users who should not be authors start to post stuffs so they can make $, users who don't know what to say start saying silly stuffs hoping their comments will get upvoted, users start voting high payout posts hoping to get a bit of it, autovotes also helps.
Before Steem/Hive, were you scouting the Internet to find posts to read every day? But Steem/Hive wants you to go find 10 posts per day to upvote if you want to make make $
Maybe authors/curators rewards should be something else than from inflation in order to create genuine activities?
Or maybe the voters could take responsibility for what they vote?
Imo, the best thing the largest active stake holderscould do is support hive-dr and other abuse fighting community projects.
The coins going to fewer strong hands is not exciting to those not getting them.
I know down voting is not fun, but if hive is to 10x doing the same thing day after day is not cutting it.
I still like the whale experiment, no voting in excess of 800mv, or even better, 500mv.
Only 70 mostly inactive accounts are impacted by this, but they have demonstrated their greed clearly.