Minnows are in trouble ( Yes that mean's YOU )
It was recently brought to my attention that some are trying to change the reward pool or more correctly put change the the min payout a post / comments will receive. The suggested min payout is $1.00. For us minnows, that's a drastic change as it's a rare occasion one of our comments/post reaches $1.00. This change is not set in stone and currently is only a suggestion.
Why was this suggested you may ask. Well the foundation for the suggested change is the spam comments that plague steemit from users. The theory is that once the $1.00 min. payout is introduced these spammers will no longer profit from spamming the same comment over and over again on multi-threads. One only needs to look at the introduction section to see many do this.
The problem with implementing such a change is that it lumps everyone together. Punishing the newbie / minnow user who are providing good content to the platform because you want to punish spammers. Good content can't always be defined by it's monetary value. If you are a newbie / minnow then for the most part your good content goes unnoticed aside from some other newbies / minnows commenting and upvoting. You can get a dozen upvotes from newbies that like your post and only have 0.05 in rewards. Why should such a comment have it's rewards removed due to wanting to punish spammers ? The answer is that it shouldn't. Newbies and minnows alike depend on these small payouts to grow our account. It's a momentum occasion when we see one of our comments has reached $1.00 in rewards.
If Steemit goes in this direction, for the most part only Dolphins and Whales ( posters with the most influence on steemit ) will be receiving the bulk of the payments. It's hard enough to succeed on steemit as a newbie / minnow if this is introduced it will only get harder. These small payments we receive as newbies is what helps us grow our account.
Click Here to visit the topic the suggestion was brought up in and voice your opinion. Create a topic of your own and help spread the word so more voices are heard. I am only a newbie myself but I am starting a new tag called, nominpayout , Please use it in any new topic about the subject you may create. It will help to keep our opinions in one place and garner support.
There are many better options to make steemit a better platform for it's users, like spreading out the rewards more evenly. There is no way hundreds or even thousands of votes should be worth less then one vote from another member. How about reducing or removing the time it takes to create a free account. I know I waited two plus weeks before being approved / accepted. How many members has Steemit missed out on because of that function ? I am willing to bet it's in the thousands. But those suggestions are better off left for another topic as each could spark giant conversations on their own.
I think the 2 cent minimum should be lowered to 1 cent.
I agree with you and that's something I forgot to touch on. I bet allot of steemians are unaware of that tidbit of information.
You could do another blog post about it. I've been letting most people know when I see those 1 cent or less upvotes and I've done 2 or 3 recent blog posts about it. Some people don't even seem to care and a lot of people don't even seem to want my upvotes. I like this site but since I can make money on it why not try and make money on it?
I pan on doing just that. Even if it reaches just a handful of members at least a few more will be informed of the situation.
That's a much better idea!
This is a terrible idea. It is so hard to grow your account at the start and people can spend months of posting for cents before they gain some real traction. Not all of the spam is down at the bottom as well, there is lots of it in the trending section the only difference is it has been backed with bot to raise it's payout.
I'm sure that there is plenty spam out there but we need to wait for hivemind to come in before making any drastic changes and then see how the communities function with regards to posting. I'm sure that there will be a change in trends once we have this function up and running.
I agree, it's a terrible idea. If steemit goes through with this and makes min. payouts $1.00 we are going to see a drop in active users here. As another poster here pointed out - there will always be those trying to game the system no matter what system is in place.
Upvoted and resteemed by @BlogBooster and my curation trail. This is an important post to share!
Have a great day!
Thank you for helping to spread the word.
that good idea
resteemd and upvoted
Thank you for spreading the word.
Still need to read the original post, but in your first couple of sentences you got me confused about whether this is about comments or posts...
Nevertheless, I think it’s a stupid suggestion. SteemIt is already killing itself with all its flaws, why do people want to speed up that process? i mean.., if that would become the case, I can’t imagine why red fish or minnows would want to stick around...
Now, off to the next post you linked to...
The change is for both posts and comments. I edited my first paragraph to include post / comments instead of just saying one or the other. Hopefully that helps with the confusion.
Thanks for bringing this to my attention. I wasn’t aware of this.
It’s all easy when you have a 70 rep and thousands of sp...
Another prove of how many things are wrong with this platform.
I hope the people that I like to refer to as ‘the new generation’, which is us, will have time enough to grow our accounts without forgetting where we came from and will get a chance to have a good influence. ‘Cos this is just ridiculous...
Resteemed to get more people to kick his ass for being so ignorant
Your welcome,
Hopefully we can reach as many as possible so they can voice their opinion. It takes allot of work for a newbie to reach $1.00 in rewards on one of their posts. It's hard for some to even break the $ 0.10 cent mark and now we have people wanting to take that away. This place will turn into a ghost site if it keeps going in that type of direction. Its bad enough as it is watching shit post from people with lots of SP getting 100's in rewards while a newbies post that looks like it took hours to construct goes almost unnoticed.
Kind of reminds of the politicians in DC who have never been grocery shopping. They have no clue what a struggle it is for the lower class...
That is exactly what is going on. What these accounts with large amounts of SP need to realize is they need new accounts to come join steemit and stick around. All the SP on Steemit will be no good to them if the minnows get fed up and leave the platform.
agreed!
ya this is frustrating, i honestly doubt this would have much effect on spammers anyways there's always going to be people who try to take advantage of the system. kinda just screws smaller contributors
Truer words have never been spoken.
In any system there will be those who try to take advantage.
new people on the platform are not minnows they are plankton.
Minnow have atleast 1M vest. Me is a big plankton with 720k vest.
What does "1Mvest" or "720k vest" mean, @cloudspyder?
Thank's for the information. I heard a couple different fish references and how they apply.
If this one happened... then time to leave steemit for good and find another opportunity outside. There's no reason to stay after all. You just make whales fatter.
That's exactly what will happen. Steemit's active user count will plummet.
Good info, sad story ;)(