RE: Hardfork 21 - Steem Proposal System (SPS) + Economic Improvement Proposal (EIP)

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RE: Hardfork 21 - Steem Proposal System (SPS) + Economic Improvement Proposal (EIP)

timcliff in #hf21 • 6 years ago

I’m not really going to try and argue with you, because I think we have a fundamentally different view on the situation..

why is it that people go on doing this curation function for free on Facebook and Twitter - and every other free social network before them - and yet for some reason we have to financially incentivize the same behavior on Steem

This is one of the main reasons why Steem is such a different animal. With the distribution of stake that we have, it doesn’t really matter much what most users are doing. What matters (in terms of rewards) is what the large stakeholders do. They are looking at this more from an investment perspective, and what we have found in practice is that the “average” investor does not care about discovering content, and instead are more concerned over ROI.

consider what regular folks want out of a platform

I’m not disagreeing that ease of use is not (also) a major issue. From my perspective though, the ability to earn rewards for their contributions is even bigger of an issue for a large portion of users. It is a problem that I believe is necessary to solve in order for our community to substantially grow.

6 years ago in #hf21 by timcliff

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distantsignal 6 years ago

You’re not going to argue with me because you’re incapable of providing evidence to support any of the claims you - and others like you - make for this rewards change. You supposedly have talks with other witnesses and stakeholders. I don’t see any logs of these chats or videos of the chats or who was party to them. Whether there was a consensus or not. I don’t see any outreach on Reddit or Twitter from you. I don’t see any scientific polling or studies. You claim self-voting is a problem when only 6.4% of total votes are self-voted, a tiny problem by my estimation. You claim the price of Steem is somehow related to these rewards distribution without evidence. You claim that what really matters are large stakeholders. You just claim these things.

I have invested what capital I can in Steem and the rest I earn by posting and you are trying to make it harder for people like me to earn my way.

You just can’t see it because your paycheck depends on not seeing it.

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timcliff 6 years ago (edited)

I am not presenting evidence because I don’t have any. I’m not trying to argue with you and say you are wrong and I am right. I am basing my decision on my own observations and understanding of how the stakeholders are behaving under the current incentives structure. My hope is that the new incentives structure will change stakeholder behavior.

You claim self-voting is a problem when only 6.4% of total votes are self-voted, a tiny problem by my estimation.

Where have I ever said this?

You claim the price of Steem is somehow related to these rewards distribution without evidence.

I don’t think I said this either.. The price of STEEM is 100% based on the supply and demand for STEEM. All I can do is speculate on what forces drive demand.

You claim that what really matters are large stakeholders.

Again, where did I say this?

the rest I earn by posting and you are trying to make it harder for people like me to earn my way.

I have told you already - I am not. My goal is actually to try and increase the amount of money that authors (who are contributing and adding value) make.

You just can’t see it because your paycheck depends on not seeing it.

I don’t know what you are implying, but I am free to vote on this hardfork however I would like. I am 1000 times more concerned about my paycheck going down due to the price of STEEM going down than I am of loosing witness votes for voting a certain way on this hardfork. You are correct that I am voting a certain way because my paycheck depends on it - just not in the way you think. I want the price of STEEM to go up (not down) which is why I am planning to vote yes.

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