RE: Why Rewards Have to Change... (Fair warning, this is a long one)

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RE: Why Rewards Have to Change... (Fair warning, this is a long one)

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arunava in #philosophy • 6 years ago

Wow that was a long Read.

@clayboyn when I have been here on Steemit for two Years now and have already experienced HF19 and HF20, although I can't say for HF19 as it happened almost the same time I joined and at that time I had no clue how STEEM worked but by the time if HF20 I did get my Bearings right and understood what was going under the hood atleast a little. When HF20 happened there was a huge dissatisfaction among the users and a huge chunk of users simply Powered down and left even though the changes made in HF20 weren't that drastic but what about when the entire Reward Structure is flipped in this HF21 this could really be Catastrophic.

I do agree that quality content should be prioritized and it deserves better attention but you also have to understand that not everyone creates quality content worth thousands of Dollars, there are a lot of guys including me that just wants to Blog their Lifestyle and Experiences so what about them. Their content should also be worth something but with the new reward structure newbies won't even stand a chance unless their content is A Grade.

I am ok with change but when there is a change in a fundamental aspect like the Reward Setting/Split I really wished it would have been gradually done. Switching from 75/25 to 50/50 would be just a huge jump. If the split would have been 65/35 I'm favor of Author Reward that I believe would be the perfect option for now and then we check the stats if things are changing. If later on Witnesses decide that they need to Increase Curation Reward more than it can be increased again but in the next HF.

Drastic change always brings Drastic Results, and I am a little bit worried as to what will happen this Time.

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6 years ago in #philosophy by arunava

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clayboyn 6 years ago

I agree with a lot of what you're saying here and I think the biggest problem we have with doing this on STEEM at this point is that the distribution is already so far gone that new users are never going to be able to wallk in and earn stake like we could when I get here. Most people don't know this, but I quit my job when STEEM was at 9 cents and started doing this 100+ hours a week. It's the only thing I ever really felt passionate about in my life and I felt like this was the future I had been waiting for, but the problem we have now is that users aren't earning hundreds of STEEM for a twenty-thirty dollar post. Users are lucky to earn a couple STEEM on their best work if they aren't paying for people to vote on their posts and it completely break the systems. It's so pay to play at this point that I think we're going to have to rely on second layer solutions to get people investing their time into the chain again, which is we launched PALnet. I share your concerns and while I'm not worried about the 50/50 split, I do think it's too little too late to fix STEEM alone.

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anneart 6 years ago

As a noob, who has decided to stop creating content. I agree with everything you say. I was getting .01 or .02 cents for hours of work which wasn't a big deal because I just wanted to share my work. But someone with more money than me reposted my art in their blog to expose people for what he called plagerism, and he made more money from that 1 post of my work than I had made the whole time on this site. The whole experience was completely deflating, upsetting etc. So that is my personal experience of being a noob on steemit. I don't think I'm the only one to have this experience and I would imagine there is a high attrition rate and not much incentive to post quality when you work hard but there is no chance that you will be rewarded adequatley and someone else posts rubbish and makes money for nothing. On top of that some people can make you not want to be here. Hope my personal experience will help illustrate what is going on down in the trenches. It's not pretty.

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clayboyn 6 years ago

I've seen this happen with quite a few people and yes, it's very disheartening. It's hard to expect people to come here when there are users trying to actively dissuade them.

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arunava 6 years ago

Yes, I would agree that the Distribution has indeed gone to Far but that being said I don't believe it is Impossible for new Users to earn a stake. Yes, they won't be able to Earn their Stake like the ones that are here from the very Beginning but they do have a lot of options where they can Earn Stake.

BTW are you affiliated with PAL Community, if so can you help me out a little?

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clayboyn 6 years ago

Sure, what's up?

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arunava 6 years ago

I think I was banned on the PAL Discord server when I was flagged by Steemcleaners which was over a Year ago but after the Ban was removed by Steemcleaners I wasn't able to join the PAL Discord server.

I was unable to get any replies as to how I can get myself Unbanned from the Discord Group but later on, when I started to accumulate some SP I just gave up as PAL was basically for the Minnows and I was no longer a Minnow. But now we have Palnet and I am having some troubles understanding the ins and outs of Palnet so it would really help me if I could join the Discord Group and learn Things.

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clayboyn 6 years ago

https://discord.gg/956MATM

I just fixed it.

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arunava 6 years ago

I just got these Notifications what does it Mean?

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