RE: Why is the Steem Price Low? How Do We Fix It?
What I see is an attempt to scapegoat something you don't like for personal reasons, downvotes, to try to explain the declining market price of STEEM.
The market price is a very complex issue and I really can't believe that you believe downvoting is the primary reason for the market decline. I'd like to give you the benefit of the doubt because you're obviously unqualified to understand market basics, but it's still obvious to anyone paying attention just to the Steem world that downvoting is not the cause of STEEM market price decline.
Your populist appeal to remove downvotes from Steem, which would be ruinous, is an appeal to defend yourself from the rational reactions to your own shortcomings. I'm downvoting this post as it is my right as a Steem stakeholder to remove rewards and trending ranking to posts I don't think are deserving of either.
My crack team have determined it was the price of Bitcoin going down that pushed all other crypto's down. No more easy market manipulation by exchanges. That really hurt our fake meteoric rise, bringing us back towards reality. So, my crack team has determined that prices are exactly where they should be if not for a market manipulation.
Hey Jerry, you ever do any market manipulation?
Hey @jerrybanfield I need an account for my fishfriend. Where do I send the $50 to?
You can create account for less than 50$ dont't send any money to this scammer. You can use annosteem for that.
I'm pretty sure @fishandchips was being sarcastic :P
You got it right, I was messing around. I know annonsteem and blocktrades offer instant account creation services at a fair price.
I would never send Jerry a single satoshi. If I would want to support a scammer I would donate to a church instead.
I believe they were being sarcastic.
That's truth directed to the yugular right there.
If the words populist appeal does not raise a red flag on people's mind, then I don't know if we will ever learn from the lessons of history after all.
Jerry... ouch... where your big money under your post? You so long write this post to get nothing...
Way to stand up for the little guy, that being centralized everything, that picks and chooses how you live your life. This graphic is so laughably left wing propaganda I don't know where to start. Populism is a leftist label given to those people that want to slow the amount government is running their lives day to day. Simple. So to follow this logic would imply that the removal of any central authority's power of any kind is due to racism toward the scapegoats of the entity? We (meaning I have no idea who you are talking about because people on an individual basis learn at their own speeds based on their individual interests and life experiences, I do not learn everything you learn and you do not learn everything I learn, all cognition is not a to b then it has to be c, in a vacuum like you present it here). To imply this is to assume any cuts of any kind to central government is done out of racism, or a conspired effort to hold classes of people down? Really? I have seen some of your statement on a lot of things, they are very well thought out, virtually always but this one unfortunately falls short. I should have more often voiced my agreement in what you are saying more often, like 90-95% of the time you have a very coherent and solid basis of facts. I could site my favorite "right wing nut bag" authors with a similar flow chart but that would be equally a fool's errand.
I think you missed my point completely, but that's completely OK. I'm neither left wing, right wing. A few years ago I walked away from the magical bird.
The graph (not mine) was simply shared as a visual representation of the psychology at play here. Not an actual representation with the dotted i's and crossed t's as you are assuming I meant.
What Jerry has effectively done here is appeal to the populus, to the little guy, to the tiny account that can't seem to get ahead on the platform, telling those accounts he knows the answer, he knows the reason.
ITS THE FLAGS
Then he pivots, directs the blame towards the witnesses and stake holders who want to keep the flags as the culprits painting them all with a broad brush.
You may not see it this way, and in this sense we can agree to disagree. I won't start citing titles and diplomas to back claims, they either stand on their own or they fall flat in pools of stupidity.
So to be clear about my position.-
Jerry is using his anecdotal evidence to call for a change on the platform that would remove the ability for the participants of the platform to police the community.
To say he has been flagged because of jealousy, because he makes too much, or anything of the sort is to ignore the evidence. You may choose to ignore it, your choice.
I think you made some political assumptions about me, and this may be because you are not aware of the dominating anarchist stance of most users of this platform, thus you balled me up with some people you've normally interacted with. I personally don't play ball on that field.
So, ignore the specifics of the chart for a second and attempt to grasp my intention within the context of my reply.
Populism mixed with escape goating is a recipe for disaster.
Yeah I guess, I did. Oh well, your explanation nails it right on. That was actually why I was a little surprised you went the political route to explain that, but yes, anger the natives, get out the pitchforks (so to speak of course, lol) and blame 'downvoting.' I try to refrain from arguing politics because yes "the magic bird" is a losing proposition. The more local the argument to the heart of the matter and solution, the less need for political infusion. Very well put, no hard feelings I hope, I try not to peg anyone on an uncensored platform like this, because too often I find I am nowhere close. BTW this new pic sure takes heated conversation down quickly, lol.
Everything is well brother!
:)
Seems to me most of the anger is aimed at Jerry here.
In all fairness @meno, I am one of those little guys and you never asked me or my kind how we feel. I am in powerdown mode currently because of the flagging abuse (silencing), as are many others. This platform should never be one that is considered to be decentralized! I suggest you pay closer attention to what the "little man" has been screaming about for the last year or so.
looks like something fell out of the rear end of my cow
I actually think that if more people had this approach to trending posts, the product on Steemit and other Steem applications would be a lot better, which could possibly have an affect on price. I say this from the perspective of someone who has been flagged a lot. The other day, @whatsup made a post saying we should act like we own it, in regards to Steem. I wholeheartedly agree. Even with my small stake, I consider this my platform, my product. In that mindset, I want to be able to affect the product put forth, in consensus with all other investors. Voting, both up and down, is the way we reach that consensus. It's good for Steem.
I agree and I also think this is a thinly disguised whine post, a category which does not add value to Steem and doesn't deserve rewards (post and whine if you like, but don't expect to be paid for it).
@smooth yes you are right
Jerry Banfield's face does not add value to steem? wtf, man...
Thanks for explaining this, mate. For minnow content creators like me, it's good to have someone like yourself deconstruct Jerry's rant so as to dispell fear of Steem diving the way he claims.
Oh please nathan, don't listen to this guy. On this is he is very wrong.
Hey mate, I was listening to @pfunk and @meno. Are you saying I shouldn’t in this case?
Why would removal of flags be ruinous? I usually hate @jerrybanfield, but it seems like he has a point here. Don't really know if this point is data-driven, but why do you think Dan Larimer moved to Medium?
Assuming flags will only be given out for purposes beneficial to the larger Steem community is like assuming that every post or comment is only made for good. If you consider Spam or scams to be bad content, you must also consider a portion of flags to be 'bad flags'. Jerry does have a point here; a flag has much more psychological impact compared to an upvote.
Is 'aggrandizement' a good reason to flag?
Without downvotes the Steem platform's method of reward and stake distribution would not work. Parasitic abusers would consume the host.
Without downvote abuse, it would work even better!
How?
What part of the word "abuse" did you not understand? Steemit is flawed, it's that simple. Until Steemit is cleaned up and returned to it's original design and intent, it will never get better. Getting rid of rogue witnesses would be a good start!
Steemit's (the website) original design was a mess. Didn't have wallet pages, didn't have a lot of things. Though there was something in the original design that unfortunately has been changed. A downvote was called a downvote, not erroneously called a flag.
If you mean Steem's original design, it originally was designed and intended to have downvotes.
What I mean about Steemit's original intent was to be an uncensored blogging platform, not a runaway social network nightmare filled with bots and bullies, where B.S. earns more than thoughtful, creative content. That is what it has become unfortunately. There is nothing wrong with flagging inappropriate comment or hate speech, or anything that would be considered destructive to the platform, but certain (too many) individuals flag for the fun of it, or because it makes them feel bigger than they really are I suppose. Don't want it, don't need it, and am moving on when my power down is complete.
On Steem, I can't do much of anything to censor or remove a post made by you even 30 minutes ago. I can't downvote it and make it go away from the Steem blockhain. What a downvote does is reduce a post's rewards or its potential rewards.
It also can reduce an account's reputation score, but even accounts with negative reputation score aren't censored from the blockchain. It's a non-consensus attribute. Front ends don't need to display its effects at all, if they choose not to.
So how is it that the original intent of Steem* is not being lived up to? And why, if you equate downvoting with censorship, do you think there is nothing wrong with downvoting "inappropriate comment or hate speech" when you are implying that you'd prefer to use an uncensored platform?
*The original intent of Steemit, the website front end, was to be a Reddit-alike (not just blogging) reference example. It can and does censor posts in the form of DMCA takedown requests. Please understand the terms you're using and use them more precisely.
Without flags bad actors have free game on this platform and that is not good. We will destroy this platform if can not stop bad actors by removing their rewards, we can never censor them though.
I'm one of those bad actors you speak about (who got flagged into oblivion). So do tell... what did I do wrong? (Caution: requires a certain amount of reading and research to come to a conclusion, if you really want to back up your answer.)
I think the platform would quite possibly be improved by incentivizing flagging high reward posts. The higher the value of a post you flag when you flag it, the higher your curation reward.
I think that would only incentivize people to flag high reward posts regardless of whether the content is good or bad.
But I think it's in a direction we should start looking.
True, but i would argue that the posts with the highest payouts are rarely worth it, even for the good posts. And flags are inherently limited by steempower just as upvotes are. Sounds like an interesting bot experiment (that would no doubt anger a lot of people). Maybe a cap per post and/or per user per day would help?
As to your first point, that's fair. There is mostly crap floating to the top of the bowl.
I've always felt an upvote should max at $1 or $2. Does it really need to be more than that? If you have more voting power, then you can cast more votes and get more curation that way.
Also, I'd get rid of this 23.13% upvote nonsense. If you want to upvote something, go all in, and upvote it 100%. if you want to get rid of bots, this is the way to go. (Not that I'm necessarily against using bots, but this seems the logical route to go, as it seems to me.)
If the upvote had a max value then I would agree with getting rid of the percentage slider. Then people with more steem power would just have more votes. However, without doing that, reducing the percent of your vote is the only way to get more votes and have them count for anything (at least for those of us that have sub $1 votes anyway). As it is, I usually vote at about 33%.
You are only incentivizing further bad behavior (and major flagging wars). My suggestion is for someone to create a "Steemit Battlefield" game, where all those so-called bad actors can defend themselves from the Whale Aggressors! Knives and swords only.
This post is not mainly about the steem price. It's about that the community has no power here on steemit...
But the title though ?
Ya I watch the entire 50 minute Video, not sure why he choose that title. Why the steem-price is low is a more complex issue that is for sure. Jerry talk about flaws in the steem-blockchain that makes real and good content producers go away. This way the steem-price will be affected negatively in the long run or steemit might even will be prevented from becoming huge.
Ya I watched the entire 50 minute Video, not sure why he choose that title. Why the steem-price is low is a more complex issue that is for sure. Jerry talk about flaws in the steem-blockchain that makes real and good content producers go away. This way the steem-price will be affected negatively in the long run or steemit might even will be prevented from becoming huge.
Maybe for click bait, to get people to visit his post via a lie. So he could put his truth out to the little guy.
Exactly! And precisely the reason I moved to Stishit where all members are created equal, regardless of how much crypto they hold!
Cmon @pfunk
Everyone knows Bitcoin follows the price of Steem and everything else follows Bitcoin so Jerry being downvoted driving the price of Steem down is crashing the entire market :(
Have you no heart man ?
However, I don't believe breastfeeding on Youtube should be supported on the blockchain.
LOL
Agreed, this is junk and not worth much attention. Flagged.
It's junk because you disagree with Jerry or because you don't think he put the effort in?
Seems like he is genuine in his suggestion even if one disagrees.
Your posts seem ok I also like EOS but I don't think it's as much effort as Jerry has put in.
Feel free to downvote all my posts since you have the power.
Seeing the level of anger on comments here is really disappointing.
I downvoted this post because Jerry makes false assumptions that the price of steem goes down because of the flags. When Steem reached 8 dollars, we still had the flag option, so his assumption is more than wrong. Secondly, it is clear that he wants to remove the flag option because he wants to have his payouts secured, which one more time reveals the greed that jerry has.
I find it useless to put effort into a post that spreads misinformation and demand changing the rules for an entire blockchain only to satisfy one's greed.
You downvoted this post because you don't like JB, that is simple to see. He has an opinion and his opinion is just as valuable as yours, regardless of how weird he might seem to some people!
I have stated the honest reason for downvoting that post. It is my right to do it and I believe that it was a wise choice regarding the good of this blockchain.
It is true that I don't like Jerry lately, but this is not the reason for downvoting his post.
Would it be fair to say then that people that don't value your opinion, they should downvote your comment, like your's above? That is the problem with this platform, you should not downvote someone because you disagree with their opinion. Can you counter his argument about why the price is suffering in view of Steemit's supposed growth? IMO, it is because the site has become filled with vile, and that simple fact alone will drive investors away. I came to this platform with very high hopes and invested my own money, only to learn that it is nothing more than a big 'ole wasp nest. And I have been stung!
I have already did. I don't feel the need to make myself more clear than I already did, and I simply don't see what you don't understand about my comment (and others) above. JB is very greedy and I lost all the respect that I got for him. He showed this numerous times, but I don't have the energy to describe all the examples that I am aware of in this matter.
And secondly, everybody as a Steem Power holder has the right to downvote anything.
Because your opinion is just that... an opinion. You provide no factual evidence to the contrary. But it IS your opinion and just because someone doesn't agree with it doesn't mean they should downvote you. So JB is greedy, and so is berniesanders (aka nextgencrypto and a host of others names), but if Steemit allows it to be this way, so be it. It is what it is... a screwed up platform where there is no place to draw a line in the sand. It reminds me of being back in Jr. High School again. Everybody just needs to grow up a little.
You're preaching to the choir. Many of the people opposing this aren't new, uninvested, or hard working toward the betterment of the Steem platform.
Let me ask you, what would you expect from the populous in response to one of the main contenders that gover and run the entire network going off the rails ranting about sucking his own dick (way more than mentioning passively, which is still fucked) and going on to display that he has absolutely novice knowledge about how this all works?
If you're being delusional, have at it. If you're misinformed and misled, then lets talk.
I don't flag posts indiscriminately. I flag with conviction, which is why I don't flag you, which you seem to have been expecting.
Jerry is making an absolute -FOOL- of the governing body of this chain. Arguing against that exposes ignorance.
Short and clear.