...for me, at least.
[Edit: I think I am leaving the impression I am ragequitting Steemit, so I'll say this upfront. Nope, not quitting here. I am making my STEEM liquid, which requires undelegating and powering down...now you ask me WHY I'm doing this...read on, MacDuff!]
My apologies to @aggroed and @josephsavage. @minnowbooster, MSP, and @steembasicincome are good programs.
Other delegations I removed were:
@accelerator
@informationwar
@msp-shanehug
@smartsteem
@steem-ua
I don't see any point in investing in a system where the main accounts are powering down. More on this in the appropriate section.
Isn't saying the "death of Steemit" a bit dramatic?
Maybe.
There is still such potential in the steemchain that I am heartbroken to make this decision, but as I'll get to in a minute, I don't have any faith in the direction the developers are taking us.
And what killed Steemit?
Just a couple of months ago, I reclaimed my Dolphin status, and I was sooooo happy about my accomplishments here and the future of Steem, and even happier when it was announced we were leaving Beta...what happened?
Well, let's blame the devs first, but when we do that, let's not forget that the community has demanded some things from the devs that were never possible. Basically, all of us...
Starting with the devs...
- A 40% powerdown? See here and here as @steem and @steemit are in powerdown. Wow. I guess facebook's announcement of a token of their own cut loose some sphincters. Instead of recognizing the massive market opportunity from people facebook has shadowbanned or censored, it looks like it's time to RUN AWAY
- The powerdown is not a new thing, and @ausbitbank pointed this out some time ago here
- Usually, when you announce that you're leaving Beta, you don't simultaneously announce that you are continuing to monkey around with the basic reward mechanic.
- Discussion of a 50/50 split between curators and creators? Wow, again. @truthforce laid out the argument against that very nicely here. I'll move into my own discussion about all the rewards shenanigans downpage, but right now i just want to note that as a creator I consider that to be bullshit of the lowest grade.
- I wonder how many creators have moved to Weku and are chasing a WKD with a non-existent value rather than deal with the Steemit platform anymore
- @truthforce also notes the discussion of another pool for flagging...smfh. I know, let's set aside a new pool of rewards made for posts created on Tuesdays by virgins riding unicorns, because it's obvious that the use of STEEM and it's derivatives isn't complicated enough for new users as it stands.
- And while we're on the issue of flagging...seriously you guys, renaming flagging to downvoting will completely mitigate the underlying complaints about how the mechanism works.
But the devs are not the only ones at fault...ALL of us have had a hand in this doom.
This very basic issue that the community seems to ignore is that not everyone uses the platform for the same reasons:
- You have creators that make their SP by creating content
- You have curators that make their SP by creating discussion and bringing attention to content
- You have investors that drive STEEM value up, and who place ROI over platform value.
Part of this basic refusal to acknowledge these differences is the willful failure to understand that each group of participants has different goals...
...but the main thrust of the problem is the refusal to acknowledge that SP and it's use belongs to the holder.
Does that lead to:
- flagging abuse
- reward pool abuse
- use of bots
- circle-jerking groups
- any other form of abuse used by a Steemer trying to make his nut
Well, of course it does.
And this brings us to the issue of SUBJECTIVITY
How people use the system is subjective...
What constitutes a post of value is subjective...
Which subjects should be discussed on the chain is a matter of subjective judgement...
And all the screwing around with rewards is just a method to make other people use the system based on subjective visions of what Steemit should be.
@berniesanders flags the shit out of people to get the platform to conform to his vision of how the platform should work, and while I usually disagree with the reasons he does so in the specifics, the point is that his ownership of SP justifies that!
And people calling for mechanics changes are using social pressure to drive the platform into a model they subjectively envision.
Interestingly enough, as I just checked to make sure I got the account link right, I found that Bernie has a point illustrating the interest of what I called investors:
I've asked many times now and nobody ever seems to have an answer, why would anyone buy Steem and power up just to reward others?
If Steem is to survive, there's got to be incentive to holding it.
Everybody knows what makes an ass out of you and me, but all I see in the arguments for continued tinkering around with rewards are assumptions about what will happen once we make these changes...
- Steemers who can't use their SP in the way that they prefer will automagically start using SP in the ways that I think they should
- Steemers who have gamed the system previously will have no clue as to how to game the new changes!!!111!!!
I really would like to see some hard data that shows a link between these changes, or such changes in the past, that have not only ended the use of votebots, but that have made investors start curating dolphins, minnows, and those filthy, smelly, uncouth undeserving plankton-peasants.
My Masters program was geared towards working professionals instead of academic eggheads; there was a huge focus on organizational change and on policy development. What that all boiled down to was that when you make an intervention and it doesn't work, then YOU STOP THE DAMN INTERVENTION.
We have been chasing the Rewards-Utopia Dragon from Day One, and none of this has changed the basic drive of investors, none of it has made curators able to look at every new post and make an objective reward based on value, and none of it has benefited the creators who have populated Steemit with those things that readers like to read, to wit, content.
And none of it has ended the various types of abuse that come with power...because you cannot remove the potential for abuse from power
What else have we ignored while chasing the dragon?
Here are some things that should have been developed or at least discussed:
- A point that I have made since I have been here is that success on this platform comes from networking with other Steemers that share your interests; by commenting on their posts with some contribution, by sharing their posts, by introducing yourself. All of these require individual effort by the Steemer, as opposed to the Great Hardfork Manna Drop
- What could have facilitated the individual network effort? oh, I don't know...no one ever brought up the possibility of communities, did they? Why work on "communities" when we can be all godlike and play with the basic mechanism of the system over and over again?
- One thing I have considered to be a basic failure point has been the now nature of Steemit. If you're post isn't noticed and rewarded right away, then eff you. I've never seen discussion on ending the "first come, best rewarded" curation model. This makes Steemit fairly useless for creators who want to share their work on a long term basis. Get rid of Trending, Hot, and the basic principle that a post no longer exists if you aren't the first curator to upvote it. If you folks really want curators curating, then maybe you should give them time to read the content they are curating.
- This one is directed at the big big whales..if flagging abuse is a concern, then it's on you to take the financial and time-requirement hits to correct that. Consider it an investment in the future of the platform.
- Here's something to consider if you (Steem, Inc.) want to stabilize the platform in terms of power balance...instead of selling off STEEM, distribute it to Steemers on the basis of longevity, reputation, posts over a certain level of words (oops, that effs over artists, hmm), amount of SP earned minus self-votes, and other metrics that show someone has invested more than money into the platform. Hard to be decentralized when all the SP is concentrated in the hands of early investors, ne?
I'll still use Steemit...now and again
I just spent 50 STEEM promoting this post; my last gamble on getting some points across
In fact, barring a huge run on STEEM price, I will leave my STEEM liquid. All in all, that is about 4 months for everybody to get their head out of their asses and turn this ship around (it also coincides with the time it will take for the undelegations to take effect and to start my powerdown). Maybe the devs sell off so much STEEM it keeps the price low and my action a risk; maybe something happens and I reinvest into SP.
And I'll also write posts now and again (I'd hate for my SBI to be wasted LOL); I said before that I will be chasing steemcents and steemnickels, and as long as I can chase them with little effort, then why not? I have a pretty good workflow for informative posts that don't take too much mental effort. And one of the best things about Steemit is that it is harder to censor the kinds of things that I tend to write about.
When I first started using the steemchain (July 16), I understood it was in Beta, and that it would take time to get stabilized. After a year of being here (2017), I decided to give Steemit 3 full years. That time is now.
And I don't like the direction we are moving in
Video credits to Monty Python
About 17.55$ has been spent to promote this content using Steemium.
Learn more here!
@steemium purchased a 7.27% vote from @promobot on this post.
*If you disagree with the reward or content of this post you can purchase a reversal of this vote by using our curation interface http://promovotes.com
Dont give up. Steem is Better than most on here give credit for. Here is why:
https://steemit.com/palnet/@taskmaster4450/steem-is-better-than-most-on-here-give-it-credit-for
I do think there is a lot of potential here
my point is that serious time/$ effort on my part is limited as long as i continue to see poor decsions made by the devs; a lot of that poor decision-making is driven by community demand to "make" the platform magically balance 3 competing user bases, and in particular efforts to "manage" the use of SP
you make a good argument in your post about the potential of STEEM ( and associated Dapps), and I'm not arguing against that or even suggesting that people should leave
I like to flag posts like this when people say stupid things like steemit is dead! lol steemit is still in its infancy stage! Glad were loosing these weak hands, and gives me something to flag! Actually I just realized you are the idiot problem ruining steem buying all the bid bits! At least i realized and stopped using them!
the rising, jerry, all the bits, hope someone flags you big time! lol reporting you!
Thanks to you I’m going to stop voting just to recharge my steempower so I can start coming after all you bidbot abusers! I can see you! I may even make my own bit just to falg you all!
#report #reportabuse
And yet you self-voted your complaint and downvoted everybody else that commented on the post?
Your 'abuse' complaint isn't even a @steemcleaners approved category, so your threatened 'report' is extremely unlikely to be approved.
!dramatoken
I was planning on letting this slide. It's obvious he neither read the post, or had any interest in the specifics I noted
Congrats on claiming the ShareBits gift! However, since I had already rewarded this post, I went ahead and rewarded your comment instead. Hopefully he doesn't go ahead and flag it too. smh
This type of behavior, btw, is another HUGE reason why alternatives such as WhaleShares exist today. Can't tell you how many disenfranchised STEEM users join up after each new round of "Steem Flag Wars"... lol
I think I signed up for WhaleShares at one point, and never got an email confirm. Oh well. ;>
I think he'll flag it; the post offended him greatly for some reason, and my use of the bid bot seems to aggravate it.
I am not really mad at his use of the flag on me; after all, as I've made quite clear...it's your SP and you get to do whatever you want with it.
I'm a little embarrassed that he's flagging folks I'm engaging with
[Edit: I want to acknowledge that he did remove those flags , for which I thank him]
ah, well that's good that he removed them at least. of course, the emotional roller coaster feels a bit like when the government informs you they're gonna double your property taxes from one year to the next.
Then, after contesting it, you come out feeling "grateful" they were "kind enough" to only ding you for an additional 15%! lol
Not sure what happened with your WhaleShares signup, but if you're still interested, here's the current signup page: https://signup.wls.services/#/reg
If you do sign up, just message me back (here or on discord, also @alexpmorris), and I'll reach out to some of the witnesses to fast-track its approval. :)
OK, I registered today.
It looks like I did indeed register the first email way back when, but I must have derped the reply; so I just used a new one.
My new registered email partially includes part of this name, and also jr.
Thanks!
perhaps you should read the post
You've got
DRAMA!To view or trade
DRAMAgo to steem-engine.com.NOOOOOOO
you are one of the good ones here!
I will be lonely during Halloween!!!
with your cooking, you will NEVER be lonely on Halloween ;>
I do seem to be leaving the impression I am throwing my PC in the gutter and scorning Steemit forever; the thrust of my post is that I won't be investing a lot of /moneytime/effort here...my writing doesn't take a lot of effort.
sometimes it reflects that ;>
Not to mention that going to a 50 50 split on rewards places equal weight on upvotes vs content creators. Such a system would fail. Content creators is what we need more of. Not people upvoting and profiting from the content creators
as you well explained in your post
i don't know what the hell is going through these people's minds
drive the creators off the platform and there's nothing left to curate
Exactly. I think I will write more on this and try to change some minds.
Not sure why you are downvoting me. @coninstant and @honusurf
an attack on me for using bidbots
Exactly. I think
I will write more on this and
Try to change some minds.
- truthforce
I'm a bot. I detect haiku.
take another read; I pointed out that all components provide value to the platform
!dramatoken
where do I exchange Dramatokens for STEEM? ;>
You can do it on Steem-engine here :)
rofl
I always thought that dramatokens were a joke bot ;>
thanks!
Def. not a joke! lol
aha
What I had thought was that when somebody wanted to call out somebody for being dramatic; they'd shoot em a dramatoken as a joke
I thought you were wise-assing me, so i thought I was wise-assing you with my question...OOPS
lol and thank you
Well at least now you have a reason to stick around. :)
I actually agree with quite a bit but not all of your rant.
Maybe I went a bit overboard with sarcasm; there's a reason i'm not all that successful with networking here ;>
a basic point I should be making that it is networking, rather than mechanism changes, that will make Steemers and Steemit succeed.
we need stability for that to happen, which wont happen as long as we're making platform changes
I agree
What you are the problem! Glad to see the problems going away on their own!
Sorry to see you go.
I'm not really gone as much as investing way less into Steemit
I'm sorry to pull my support for SBI; over time it will be one of the things that help Steemit succeed...if it does succeed
I understand. I appreciate your support thus far.
I'm actually investing more into crypto in general, and STEEM in particular, because I think that morale is so low that it's implicitly undervalued. Not investment advice of course.
You've got
DRAMA!To view or trade
DRAMAgo to steem-engine.com.From rewarding communities, to better distributions, to models with incentive structures less prone to abuse, it sounds a lot like what WhaleShares, and now PalNet, have been working hard to address. So there's definitely innovation going on, even if it's not coming directly from STINC itself.
From the "Hide Resteems" Button, to now supporting "Steem Keychain" for login, perhaps even more will trickle down to STEEM over time, hopefully well before it's too late! 😱 lol
It's a good point that there are more platforms than Steemit.
I would hope that Steemit address these problems, as it is always going to be the biggest platform associated with STEEM...
whoa there, THAT is an assumption on my part: another platform could supplant the place that Steemit has now
I appreciate the Sharebits upvote, and will use it on this post
Hi, @stevescoins!
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Given the powerdowns ongoing now, I can't blame you for starting your own.
I have objected to the rewards pool rape since I grasped it was going on, and using basic investing principles have tried to turn the ship towards productive waters, to no avail.
For thousands, if not tens of thousands, of years, investors have sunk resources into endeavors. Throughout all that time, what has been a nominal mechanism to encourage investment has been capital gains. The structure of rewards discourages investment and encourages profiteering, like a hostile takeover of a corporation buys a controlling stake, sells the plant and equipment, takes their profits and moves on to the next target, that's what the whales have been doing to Steem by extracting the rewards that should be encouraging content creators to market Steem.
I think you may be late to the powerdown party, but better to get something for your investment than what I will, which is nothing. I didn't come here to make bank. I came here to speak freely, and at least that hasn't been sold along with the forges and presses of the Steem blockchain.
Be well.
Thanks!
by the way, who did you piss off?
I have been seeing this constant downvote on you for at least a month
Bernie. I live in his bots rent free. Sadly, not flag free. It's kinda flattering, really. Like he's got a crush on me.
Not gonna work though. I'm strictly batting for the natural selection team.
What I'm trying to get at is that the line between investment and profiteering is intent and action; I just do not believe that there is mechanism that can stop an investor from crossing the profiteering line.
Actually, I'm not powering down to liquefy STEEM, but to have it available if I need to sell out; you may be right that I'm too late.
But...just because Steem, Inc is powering down doesn't mean they will sell it off.
So I have hope for the future, but I'm hedging my bet. This puttering about with the wrong tools just means we're going down the wrong path, not that Steem can't reach it's potential. Like I said, I bet my 50 STEEM on the off chance someone with the power to do so stop making poor choices.
Well, you're not wrong (you rarely are. Don't let that go to your head) but there are ways to create incentive or to discourage counterproductive actions. Enabling substantial stake to extract rewards that should be marketing Steem is counterproductive to capital gains and investment that strives to increase the value of the investment vehicle. That's generally how stocks work. But the example I gave is not a fluke, and real world higher ROI can be attainable by selling the parts. Market conditions, or fraud, can create such situations.
You could buy stock in companies today that physically possess more cash than their market cap. If you took a controlling interest and just dissoved the company and disbursed the cash to stockholders, you'd profit. Most investors don't do that, because such conditions are usually temporary, and companies with that much cash almost always become more productive of profitable returns over the long run.
If you do need to sell, I hope you catch a bounce. Steem could be doing all kinds of things. The optics of them powering down right now aren't good, particularly without some kind of statement indicating they aren't selling. I hope @yabapmatt and others posts pointing out that EIP is not a good idea gain traction and keep it from being undertaken, but given the extant code and history of such debates, I agree with him that EIP is most likely to be implemented.
I'm agin' it, but who cares.
Back in the Corps, a friend of mine stole my logbook and left this note for me
I have a prominent honker LOL
seriously, I think this is just a problem w/o a technical solution
started my powerdown today
let's see what happens in the next 14 weeks ;>
I do not think there are any problems without technical solutions. There are only challenges anyway. Sometimes the way to surmount a challenge is to go around. If the hurdles on the track you're running on are not able to be leapt, running on a different track is a reasonable solution.
or to take a different approach (oops, you said "go around" ;> )
perhaps like using the resources that Steem Inc has to make dolphins and orcas into whales to effectively decentralize SP
You're a waste of space. You've been flagged like the trash you are.
hear hear!
I used two of your posts writing this; maybe I should give you some credit ;>
Thank you very much appreciated.
Cheers
@steem, etc are not users; they are the "stabilizing" accounts used by Steemit, Inc.
= "assume"