It’s difficult to get great content creators on Steem when the misaligned economy remains unfixed. Anyway, I just wanna move onto happier thoughts. For real, 110% guaranteed. Hope others will find strength to continue bearing the torch. Just copy and paste @trafalgar or my comments on anything regarding the problem and solution, if you believe it's pretty much our only other topic of discussion for like a year now.
As I’m still in my writing hellhole, maybe for eternity, I would just like to share a video tonight, made by TechLead on Youtube recently. It's a bit sarcastic at times, but overall it resonated well with Steem’s real potential:-
This is what some of us have been trying to suggest all along, a content discovery and rewards platform is key. All things considered, it's a vector that only requires 20% effort for 80% of the resulting network effects. Of course, under a favorable economic design. I'm the laziest guy in the universe, so maybe you can lowkey trust my non-expert and totally unbiased opinion here.
Too much is currently being invested into the large swath of content-indifferent activities that are less effective at producing long-term network effects. More coins, more apps, more use-cases, more bubblegum flavors, and more businesses are important, but arguably not the best form of leverage in the early stages. Perhaps what's more important now is to put a little more effort into having a functioning content discovery and rewards platform first. Then the rest will follow.
The lazy-ass curator in me is saying, go for it. Please try to invite TechLead. I've already reserved the @techlead account here. Hope he's up for it.
It's just a shame the economy is currently garbage for good content creation and discovery. Uh.. why am I talking about this again? I swear this is the longest breakup ever lol.
Disclaimer: Not to be taken as financial advice.
Vote @kevinwong as witness today.
Working on it...
thank you! good to see you're still around btw!
I've been quiet... mostly on APPICS. But I've been meaning to get back into the interview side of things :)
Been watching his INFORMATIVE videos now since you mentioned him.
Looks like he will accept your offer for the STEEM/HANDLE since he seems to have referral links on his YouTube Channel.
Hopefully he joins the STEEM COMMUNITY!
I love techlead and it would be cool to see him on Steem, but I feel like currently we don't have much to offer someone who is doing well on Youtube and already has a large following. When other big youtubers have come here, they initially get some support, then it dies off as people get back into their normal routines of figuring out ways to earn themselves more.
I've written about my proposed solution to this problem at length here, but here's some bullet points.
Steem has really great "features" to empower content creators, but a terrible user experience design for it. I'm currently in the process of finishing up a post talking more about that.
Donations, upvotes, delegation and beneficiaries are all the ways one user can support another, but the only one impressed upon users is upvotes, and upvotes have a huge barrier to entry to actually be able to offer any support for the vast majority of users.
I feel like Steemit was designed more as a tech demo, vs a user centered, solution for a particular demographic. The following frontends largely followed suit with little upgrades here and there, but nothing focused around the user, the users goals, the users tasks, and how to make these frictionless and pleasant user experiences. THIS is the main issue with Steem. All the developers want to throw more apps at the problem, throw more tech at the problem, but that's not what's needed most. What's needed most is an analysis of what a typical user on Steem is looking for, and what they're going to be trying to do, and what they're going to be expecting. We need to deliver that to them so that they come away feeling like, that was fun/easy/powerful/exciting/etc. Instead of our current UX which 100% of the time leaves users feeling like that was too hard/frustrating/disconnected/boring/pointless.
Yes, definitely important along with the econs fix!
Hear hear!
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my kids watch exactly what he is talking about -stupid stuff:), every time i need a new crypto wallet or fix something it's youtube,
I watched TechLead for years, he could be a true addiction to Steem.
I think a main concern is the lack of middle-class users as I discussed in my last post, there are only 2.5K users with 5K+ SP in holdings.
That's extremely low.
People do not want to get a stake invested in STEEM and just take out every small amount they can from low quality post of a single photo, as you said, exploiting the reward system.
There is also the "etiquette" where downvoting is considered bad, while I think it's a great method to avoid an unfair distribution of rewards towards spam and plagiarism.
I'll try to reach TechLead out and help you @kevinwong, hope you are doing great
I think he's a great fit and many can learn from him. As for SP, there's just not a very good reason to hold atm other than being at what some might consider a low price. Thanks @bafi, likewise.
Interesting blog and some very interesting and informative comments as well. I agree content rewards changes would be very helpful for the platform. I also think that while it would be wonderful to have Techlead here, I hope he would just post his YouTube material to get the channel going and not be to disappointed with the rewards system which makes it hard to get the attention of people whose Steem Power makes writing worthwhile. I confess to oscillating between writing thoughtful pieces which go largely un-noticed to just producing volume to earn some Steem. This platform is a wonderful opportunity, but pretty hard for a newbie to make enough to feel like it’s worthwhile. If I didn’t have a vision of what this project may become in the future I might have left long before my recent one year birthday. Call me an optimist, but I still think this blockchain and platform have so many positives compared to the other projects I invested in that I plan on staying for the duration. I hope I am not here to turn out the lights, but I am willing to stay until the literal end.
Highly rEsteemed!
U restore my faith continuously! SteemON!
How about something like #CryptoVision2020?
I dig it! I've had an idea or two myself...
done
source
Thanks a lot for introducing me to a whole new YouTuber with a fresh perspective. I'm totally going to be watching his videos whether they show up on DTube or not. You have a great eye for selecting good content creators and if TechLead is right, STEEM could become the best blockchain project to be on.
We not only have a place for content creation we also have a place for a lot of DAPPs which I really enjoy (basically the games) The games provide a great social angle to everything hooking up people even better like Google services which keep you stuck in in the same ecosystem. I'm feeling glad about my life choices.
BTW I also see potential in link sharing such as DLike which could become more relevant as content economy grow real fast.
Maybe youTube is indeed the next App, the next big thing. This techlead guy certainly has a coherent vlog about the why. True that many youngsters are trying to get somewhere with vlogging. It is also a fact that only a few will be able to make real money from it. It is like with everything, only the small top of a large pyramid will be able to earn a living from the activities rewarded in that pyramid.
This maybe the same in crypto based / reward based social networks. At least in the setup Steemit has chosen. Maybe Steemit shows us some proof an all-purpose blogging network doesn't work, at least not when money is involved. Maybe when Steemit was there a few decades ago, it had a chance to grow; Today youngsters don't read and write anymore, or at least, they consume video and short content over audio, writing and large content.
Maybe Steemit is an experiment that shall be discontinued. Steem shall be distributed in a different way; Maybe the distribution algorithms at the Steemblockchain shall be changed dramatically, remove the upvote from the algorithms, reward only the App builders; or maybe Steem shall simply be distributed equally to all accounts.
Fact is, even with the existence of a few curation groups like curie and ocd, quality written content doesn't get rewarded anymore (I dont necessarily talk about long form post, short(er) form can also have quality elements); These curation groups reward more and more video content as well, something Steemit is not designed for. This seems to me the whole thing may collapse at some point in time. It's a shame, but this may be a more realistic view than thinking a monetary rewarded blogging network can work.
It hasn't been working well enough as we've been on designs that aren't in the right ballpark. Plus, there has only been a few iterations on the economic design. Everything considered, content and reward seems like a natural fit. Just need enough incentives and disincentives so people would put their votes toward what they think is good subjectively so at least things get ranked half as well. I think that'll make a lot of difference.
I wonder if people with substantial vote value will spend time in manual curation even when curation rewards are more than they are now, lets assume your 50% and none-linear rewards. in the end those with substantial vote value, will have Steem value of several to more 100k US$ and when the returns would be a couple 10$ of dollars more per day by right time voting, the return on the money seems to me time not well spend (from an investment, time and return point of view). They will return back to, or continue to use auto voting; Some of them may think to review their auto votes from time to time and adjust, but I have seen too many users claiming this in the past, but not ajusting and continue to vote for their own circle of Steemians (mostly those who are on Steemit in the early days). This will not give new content creators chance to become part of the community, not on the reward side of things.
A blogger/vlogger being popular on one of the well known social networks, will likely not spend too much time, or no time in a channel with a few followers... think of 100k followers on YouTube, Insta or even FB; they can monetise that in hard currency much more than getting a few dollars value on each post on Steemit. That is why we see some of those content creators come (for them to test Steemit) and go (after they see they only earned little money eg between 1 and 10$ a day). And 10$ a day: that means belonging to the top earners at Steemit already. Too little Steem is distributed, or the Steem value is way to low for the economy to work for the quality content creators who try to make their living from it.
I do agree too little time and effort is spend on economic testing; I was already debating this about 2 years ago, implement changes, test it for a specified time (eg 6 weeks or 8 weeks), change something and test again, and so on. But Andrachy wrote somewhere STINC wants to release SMT first and when that is the roadmap of STINC, I'm afraid we shall forget about Steemit as it is. I also do not believe SMT will be the holy grail, as I do not believe a monetary reward based social network works without proper moderation. SteemHunt is working for reasons of strict moderation. Steemit is not moderated at all. Even when users will get free downvotes, most of the users will not downvote the bigger SP holders since they like to get their vote on their own posts.
Last but not least, any service that wants to become successful needs a service design that many people like, it needs to be simple to start with, it needs to be cool looking to start with, it needs to have access to all the information to be successful through one click... Steemit UI is far from that and I don't see this changing soon or even later to be honest.
Steemit UI needs to filter the posts to only show the post belonging to a blogging network. When Drugwars updates, or Insta and Twitter like posts are mixed with blogging posts, blogging people will not like it. History showed over and over again that a service becomes successful when it does one thing super good.
That said, it's not only the economics, but a lot of other factors that results in what we see today, and I did only mentioned a few of them. Long story short: it will be a whole bunch of things, including the economics that needs to be addressed big time before we can even think Steemit as a blogging network can become successful. A lot of money is required to create this, and STINC doesn't have enough funding to do so; They didn't thought that part through, the funding part I mean; They need to include revenue streams, and what they came up with are this annoying ads... Jezus, Really? i start to understand why Dan the Man moved on, he showed with his next move he can do better than STINC is showing, much better (not saying EOS will become a huge success, but he managed to get about 4 Billion funding).
Agreed with bringing techlead to Steem but we need those dtube upgrades to onboard more youtubers. Something really needs to change, Steem used to be top in transactions 1 year ago in blocktivity, now everyone else dwarfs us.
Indeed that would be a welcome addition to have @techlead. Let's make it happen!
I'm all for trying out different things and tweaking various parameters every which way possible to see which model would work best for content discovery and rewards - and for that we need all those coins and other second tier stuff. We can campaign all day long for this change or that change in the reward distribution rules on the blockchain level. But any changes to the blockchain are painfully difficult to agree on and implement - as they should be to an extent. We don't even have to wait for SMTs because we have Steem-Engine. Coins with any distribution rules can be created and even price discovery can be arranged by having them listed on the Steem Engine DEX at the very least. We already have the tools to trying stuff out.
Agreed, although I cant vouch for Steem-Engine yet. If its something people are going to park substantial funds etc, it needs to be absolutely secure and time-tested, which is why I'd still prefer to influence and trust Steemit Inc's work even though I'm dissatisfied with some of their decision-making.
Hey Kev, don't be depressed over the pile of shit that Steemit became with the bad economics in place and most people pumping out shit content begging for upvote and the ones who made it to the top just renting out their SP. All we can do is continue creating good shit and motivating others to do the same, while pointing out the shortcomings.
P.S. I subscribed to your YouTube. HOLY FUCK MAN YOU'RE A WHALE ON YOUTUBE TOO!
Resteemed.
Cheers bro
Haha that's not me in the video bro!
Oh shit really? Oh well, what a shame. Make a video of yourself Kev! I'm sure you'd have awesome stuff to tell!
... until Youtube bans your account 🤣
Lol yea, the gist of his message is important though imo, steem has the leverage and does actually patch a few problems with youtube/twitter/etc. it's just not focused.
The timing couldn't be any better for Steem, given all the censorship plaguing Shitter, Youtube and Assbook. It's an opportunity for Steemit Inc. to rev up its engines with an aggressive marketing strategy to push its solution to the increasingly frustrated/banned social media users/influencers.
That's one great video Kevin!
Thanks for the informative and colorful publication. Today I will study in more detail. It’s good when people share thoughts and useful information on the platform. One person is not able to catch everything. Thanks again. Good luck to you
You got a 47.25% upvote from @ocdb courtesy of @kevinwong! :)
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You have receive an upvote. Thanks for playing moonSTEEM
I don't see it happening here for a seasoned youtuber. There just isnt enough going on.
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