Honestly if the system worked correctly, I believe that rewarding beneficial contributions to the ecosystem would grow the ecosystem and improve it, which adds value. This would ideally make the price of STEEM go up, and therefore improve your investment.
Now that is based on the sentiment that those that hold the most stake want to get a return on that stake, and therefore will do what is in the best interest of the platform. But this requires long term thinking and being intelligent to understand that in business certain things are needed. Like a good management team, communication, direction, focus, marketing, pr, and catering to the user base in the development.
Currently the norm here is to upvote other people’s shit content (or your own), as no one can see long term. No one is thinking about the Steem ecosystem and how improving it improves the overall value of STEEM and everyone’s investment.
It’s become a game of who can suck out the most roi from the pool before someone else does.
Why would anyone work to improve the ecosystem when others are rewarded for shitting on it? There is no incentive to contribute, there is incentive to suck it dry... so that’s what people do.
If there was leadership and if people actually rewarded the behavior they wanted to see, supported beneficial actions and actually worked together to take care of the large gaping holes that need to be filled here, well that would probably become the norm.
If that was the norm, the ecosystem would improve and the price of STEEM would go up.
That requires organization though, it requires leadership and requires Someone to set the tone. Someone has to be the leader and work towards the combined goal... someone has to pull this place together.
So, why would someone invest? Well because they get something out of it, or that’s the way it was suppose to work anyways 🙂 just the “something” was suppose to be an overall return on the investment over time.. not a quick upvote for the day and no look at longevity.
This is not likely to be the case. Which is why this downvote pool is such a terrible idea. Instead of trying to reward content more "fairly" we need to be figuring out how to create more demand for steem/steem power. This downvote pool will actually do the opposite and remove demand for steem and steem power and will help steem go down even faster.
Nothing about my statement was about rewarding content “fairly” or a downvote pool (even though I think you’re wrong in your statement) and if you think anything I am saying or the future of this place is based on “content” then I don’t know what else to say as you have missed the point entirely.
Can we get this account and their umpteenth comment outta here? I don't know, but we don't have the numbers to determine a solution anyway. I'll wait til some more people show before I do anything drastic.
There should be other options for staked coin profits, like you lock coins in for 3 months and just make passive interest for doing nothing.
Or you stake your coins and create you own community and 10 percent of rewards generated in your community go to you, the communty owner.
Steemit has been the same basic beyotch since it was started, there has been no tweaking it or trying new things at all. You are right though why buy SP to vote for other people? That makes no sense
As for attracting new investors. Really? In what world would an investor look at a platform, rub his hands together and salivate over the possibility of sinking some money into a platform where hours can be spent curating and earning more.
Yep, they will be lining up at the exchanges before you know it. Posted on Sunday
You’re absolutely right. There’s no reason to have an overly complicated system for tipping. That’s essentially what you’re doing by just voting for other’s work.
How do you teach a kid to be a crapitalust?
You give him some work, pay him, then take him to the comic store.
If not enough people have the coin we will never reach critical mass.
If not enough rewards make it out of the gaping whale maws, there will not be any reason to learn to work.
If satoshi kept all the btc for himself, giving none to others, then nobody would want btc, either.
In fact, if they had our rep do you think number 2 would have eclipsed them by now?
Its my opinion that those with the most to gain from a run up in price should leave the inflation to those creating that demand.
Let the dolphins grow the crowd.
2k+ accounts giving substantial votes draws more interest than 10 votes giving 30% of rewards to ten posts day after mf'n day.
You've got incentive to hold in curation rewards and price rise, if that's not enough to slake an insatiable greed, then start speculating on steem-engine tokens, eh?
Being driven soley by greed isn't good in my opinion. It's like the old, "treat others the way you want to be treated". If you ever expect Steem to work, it can't be just based on how much you vote yourself. Granted, you can just delegate your Steem to a sock puppet account and vote yourself to make the appearance someone else votes you. There's really no simple answer, but if everyone is a taker and never a giver.... i don't think anyone would want to share anything valuable here besides a quick shit post. For me, the community aspect is what's kept me here for two years, not the .05c vote i could give myself 10 times a day. There's a lot more to all of this than simply how much money you can make. It depends on your goals and morals I guess. Anyway, always enjoy your take on things, so here's a comment and a vote not spent on myself. :)
Granted, you can just delegate your Steem to a sock puppet account and vote yourself to make the appearance someone else votes you
Or you can just delegate to a Bid Bot and get passive income or create your own and get liquid rewards for your steem. You cant stop the self upvoting, we need to reframe everything , peopel wouoldnt midn if steem porice was going up....
Honestly if the system worked correctly, I believe that rewarding beneficial contributions to the ecosystem would grow the ecosystem and improve it, which adds value. This would ideally make the price of STEEM go up, and therefore improve your investment.
Now that is based on the sentiment that those that hold the most stake want to get a return on that stake, and therefore will do what is in the best interest of the platform. But this requires long term thinking and being intelligent to understand that in business certain things are needed. Like a good management team, communication, direction, focus, marketing, pr, and catering to the user base in the development.
Currently the norm here is to upvote other people’s shit content (or your own), as no one can see long term. No one is thinking about the Steem ecosystem and how improving it improves the overall value of STEEM and everyone’s investment.
It’s become a game of who can suck out the most roi from the pool before someone else does.
Why would anyone work to improve the ecosystem when others are rewarded for shitting on it? There is no incentive to contribute, there is incentive to suck it dry... so that’s what people do.
If there was leadership and if people actually rewarded the behavior they wanted to see, supported beneficial actions and actually worked together to take care of the large gaping holes that need to be filled here, well that would probably become the norm.
If that was the norm, the ecosystem would improve and the price of STEEM would go up.
That requires organization though, it requires leadership and requires Someone to set the tone. Someone has to be the leader and work towards the combined goal... someone has to pull this place together.
So, why would someone invest? Well because they get something out of it, or that’s the way it was suppose to work anyways 🙂 just the “something” was suppose to be an overall return on the investment over time.. not a quick upvote for the day and no look at longevity.
Well.. that’s my opinion anyway...
Steem will balance itself...bots are the future but I agree with you a leader should rise one day and change the game.
fantastic insight and I agree with your word 🙂
This is not likely to be the case. Which is why this downvote pool is such a terrible idea. Instead of trying to reward content more "fairly" we need to be figuring out how to create more demand for steem/steem power. This downvote pool will actually do the opposite and remove demand for steem and steem power and will help steem go down even faster.
Nothing about my statement was about rewarding content “fairly” or a downvote pool (even though I think you’re wrong in your statement) and if you think anything I am saying or the future of this place is based on “content” then I don’t know what else to say as you have missed the point entirely.
well-done
Very well said!
Edit 1 billion. hopefully others have a better answer.
You wouldn't unless you get value from what you consume combined with a acceptable return for the risk taken.
They won't. Which is why this is a terrible idea. We need to create demand for owning steem power, not give people even lesson of a reason to own it.
Can we get this account and their umpteenth comment outta here? I don't know, but we don't have the numbers to determine a solution anyway. I'll wait til some more people show before I do anything drastic.
There should be other options for staked coin profits, like you lock coins in for 3 months and just make passive interest for doing nothing.
Or you stake your coins and create you own community and 10 percent of rewards generated in your community go to you, the communty owner.
Steemit has been the same basic beyotch since it was started, there has been no tweaking it or trying new things at all. You are right though why buy SP to vote for other people? That makes no sense
hmm.. does this answer the question:
You’re absolutely right. There’s no reason to have an overly complicated system for tipping. That’s essentially what you’re doing by just voting for other’s work.
In order to increase demand?
How do you teach a kid to be a crapitalust?
You give him some work, pay him, then take him to the comic store.
If not enough people have the coin we will never reach critical mass.
If not enough rewards make it out of the gaping whale maws, there will not be any reason to learn to work.
If satoshi kept all the btc for himself, giving none to others, then nobody would want btc, either.
In fact, if they had our rep do you think number 2 would have eclipsed them by now?
Its my opinion that those with the most to gain from a run up in price should leave the inflation to those creating that demand.
Let the dolphins grow the crowd.
2k+ accounts giving substantial votes draws more interest than 10 votes giving 30% of rewards to ten posts day after mf'n day.
You've got incentive to hold in curation rewards and price rise, if that's not enough to slake an insatiable greed, then start speculating on steem-engine tokens, eh?
Put me down with @ats-david's proposal to lower overall inflation.
Being driven soley by greed isn't good in my opinion. It's like the old, "treat others the way you want to be treated". If you ever expect Steem to work, it can't be just based on how much you vote yourself. Granted, you can just delegate your Steem to a sock puppet account and vote yourself to make the appearance someone else votes you. There's really no simple answer, but if everyone is a taker and never a giver.... i don't think anyone would want to share anything valuable here besides a quick shit post. For me, the community aspect is what's kept me here for two years, not the .05c vote i could give myself 10 times a day. There's a lot more to all of this than simply how much money you can make. It depends on your goals and morals I guess. Anyway, always enjoy your take on things, so here's a comment and a vote not spent on myself. :)
Or you can just delegate to a Bid Bot and get passive income or create your own and get liquid rewards for your steem. You cant stop the self upvoting, we need to reframe everything , peopel wouoldnt midn if steem porice was going up....
Can't argue with that tbh...