I appreciate that lately you have answered to your replies and proved yourself better. I don't know what can be done to stop @haejin from getting so much from the reward pool. If he doesn't care about the rest of the Steem and the people writing here, there are few chances that he will give up, and most of his rewards come from @ranchorelaxo. He could as well spam comments and upvote them, but this way he gain a little more popularity, because people see his posts and think that they must be good since it gets so many upvotes...
I do not follow @haejin and I just saw his profile because you made me wonder what this was all about.
Does down voting do anything to stop this guy? I don't think it does much, also what about other guys who are promoting scams? So you are doing your part by flagging what you think is not right, I can understand that, but in reality I believe it should be up to the Steem management to stop individuals who are using the platform in a manner that is detrimental to other users and to the platform itself, after absolutely having proof that their activity is going against Steemit's and its users interests.
Steem doesn't have a management, that's the whole point of a blockchain designed for content creation and consumption,
Those who hold SP ARE the management!
The devs can only do so much without breaking the decentralization of the platform. It is up to the community to correct this issue or the whole platform would lose it's calling.
I hear ya. Has flagging accomplished anything? Has Ned made a statement? It's the Wild West out here. Haejin is what happens to an unregulated market. Personally I think there's a better way to design a crypto-based social media platform, but we will probabaly have to watch this one crash and burn first. But hey, you can say you were here! You were on the first crypto-based social media platform! You're part of history, man!
He represents everything that was forewarned by this statement in the Steem White Paper: "Any imbalance in the give and take within a community is unsustainable. Eventually the givers grow tired of supporting the takers and disengage from the community."
It's a shame that no one with any meaningful authority is doing anything about this sort of disarray that is running rampant on the platform. I now distinguish between this site and the potential of its underlying blockchain, the former being a deficient representation of the latter.
Completely agree. And since the code is in the hands of Steemit Inc, that necessitates leadership in place that recognizes the deficiencies of the platform and acts to address them.
As an example, the free market has expressly conveyed that the peg of SBDs to $1 USD is unenforceable due to natural supply and demand pressures. Similarly, the community here has pointed out on numerous occasions the gaps that must be filled in the rewards distribution to improve the user experience.
It's time that their voices be heard. And I am certain that the sooner this is done, the sooner steem as a blockchain is deemed more respectable in the crypto space and the sooner its valuation will align with such an improved image.
With a supply of less than 7m SBD currently it’s too early to judge over the peg. SBD will/should lower as every day more SBD and less SP is issued. Subsequently STEEM will go up and the price of SBD will go down as you get always less STEEM for your SBD because STEEM will be in much more limited supply eventually.
You seem to forget that Steem isn’t even 2 years old and that Steem isn’t a social media network alone. Definitely not if ever we also get SMTs.
Social media, actually much more User Generated Content (like blogger/blogspot and more modern Medium) is closer to Steem than social media.
Early days. Much can still change.
The witnesses could decide to change the rewards structure to use a different model.
The initial characterization of SBDs when the steem blockchain was first introduced does not align with free market supply and demand forces. The fact that SBDs have been trading far above their originally defined peg for nearly two months demonstrates this.
Furthermore, the SMT White Paper specifically says on page 14: "Initially, smt_creation_fee will be set to 1 SBD, and no means will be provided to update it."
So there is a dichotomy presented here. The market has acknowledged this and has bid SBDs up in light of their supply scarcity. It's to be expected, if in fact the forthcoming roll out of SMTs will require their possession in order to be created.
I understand that steem is just under two years old as a blockchain, but so is this community. I distinguish between the blockchain and Steemit; the former has potential that has been demonstrated, as evident by Utopian, Dtube, and the future roll out of SMTs. Steemit however has lagged in its development. I do hope that discussions such as this will push for things to change for the better.
As the price of STEEM goes up less STEEM is issued and more SBD every day. Currently we are at an 80/20 SBD/STEEM split (84/16?).
It is too easy to make an experience more awesome than anything Six Flags could deliver if the marketcap (by design) is only $6.5m.
The Steem blockchain has a very smart design, a smart design to become a real life economy. The peg matters in that but the peg will first require much more SBD to be issued. And that will take time. As the issuance of SBD is defined by the STEEM price feed.
Focus on free market impact on value of SBD right now is irrelevant an argument. That even more so because of the massive bull the whole market has experienced, and lateral movement of money towards altcoins too.
There is no guarantee that right now any trader, who are enjoying the last 6 months, even understand the design, function, of STEEM. And there’s no need for them to do so either... only 6.5m coins right now. That’s a traders paradise.
Volatility guaranteed with less than US$1mm needed. The daily trading volume of SBD in coins is very low. For all we know it could be just 4-5 cryptowhales riding plenty of awesome (for them) waves.
Addendum: Steemit isn’t supposed to be awesome. Steemit was the centralized initial roll out. Steemit, by design, has much room for improvement.
Because the future of STEEM shall not depend on steemit. The future of STEEM is thousands of sites operating with the blockchain. The “poorer” Steemit is (while still functional), the lower the step-in for new interfaces.
Steem Inc, by virtue of the amount of STEEM they hold are as such much more interested in the blockchain than in Steemit as well. Think about it: Steemit is not supposed to be the most awesome experience. It would leave less room for other interfaces to join the fold.
The thing is, that if the witnesses wish for it, they can completely ignore the developments (or their lack of), and apply a hard fork that they think is right. Steemit Inc influence is limited at this stage of SP decentralization
I'm not clear what the Witnesses even do. I understand that they maintain the technical and server back end of the blockchain, but I am not sure to what extent they actually thoroughly reassess the underpinning of it all.
For example, in a recent post, @jerrybanfield recounted an interview he did with @aggroed. They are both Witnesses and expressed support for the value of SBDs recently climbing far above the originally intended one US dollar peg as outlined in the Steem White Paper. So I asked them to clarify what exactly they are doing regarding the misrepresentation of SBDs as initially conceived when steem was introduced in 2016. Still waiting on a response.
Well, witnesses can affect SBD price in 2 major ways:
1: increased supply which should decrease it's price, through their pricefeed.
(Check steemian.info/witnesses to see each witness' price broadcast)
2: the top 20 witnesses are in charge of accepting or rejecting a hardfork, if 17+ of the top 20 start using the new version, than the rest of the witnesses will have to follow through.
Bonus example: The witnesses also set the interest rate on holding SBD, in case SBD falls too low, they can increase is from 0% to motivate people to HODL it.
Also witnesses are Steem's version of mining, using delegated proof of stake. Where votes for witnesses increase their chance of mining a block, similarly like more GPUs increase the chance of an ether miner to find a block.
Dammit Bernie, I really want to believe that everyone is a good person, but I have to stop being naive.
You're right, but everyone is too scared. It's easier to shift focus to the rewards pool, instead of facing the issue at hand. It's a cop-out, and easier to do because it's non-confrontational. It's hard for me to admit, but I believed in him however, market manipulation is far more plausible than being able to see the future.
I haven't posted a blog in 4 days because I wanted to make sure I replied everyone before moving on. And here he is, he doesn't give a shit about his followers and I gotta understand that, instead of giving him the benefit of the doubt when it is crystal clear what he is doing and why. He likely makes his posts, leaves, then comes back to make more.
There actually is no way to work together with him BECAUSE he is a scammer.
Stopping him should really be the primary focus. We can talk about rewards and fairness, but right now it's derailing effort from actually stopping him.
Make interesting, original posts and people will come. Find your niche.
I see that you've been on the site longer than I have, yet you don't post a lot. Commenting and engaging with others is great, but it will not get you those upvotes you seek. Original, interesting content is key.
I appreciate that lately you have answered to your replies and proved yourself better. I don't know what can be done to stop @haejin from getting so much from the reward pool. If he doesn't care about the rest of the Steem and the people writing here, there are few chances that he will give up, and most of his rewards come from @ranchorelaxo. He could as well spam comments and upvote them, but this way he gain a little more popularity, because people see his posts and think that they must be good since it gets so many upvotes...
looks like @gentlebot agrees with me :))
I do not follow @haejin and I just saw his profile because you made me wonder what this was all about.
Does down voting do anything to stop this guy? I don't think it does much, also what about other guys who are promoting scams? So you are doing your part by flagging what you think is not right, I can understand that, but in reality I believe it should be up to the Steem management to stop individuals who are using the platform in a manner that is detrimental to other users and to the platform itself, after absolutely having proof that their activity is going against Steemit's and its users interests.
Steem doesn't have a management, that's the whole point of a blockchain designed for content creation and consumption,
Those who hold SP ARE the management!
OK, let's say the developers.
One word: Decentralize
The devs can only do so much without breaking the decentralization of the platform. It is up to the community to correct this issue or the whole platform would lose it's calling.
I hear ya. Has flagging accomplished anything? Has Ned made a statement? It's the Wild West out here. Haejin is what happens to an unregulated market. Personally I think there's a better way to design a crypto-based social media platform, but we will probabaly have to watch this one crash and burn first. But hey, you can say you were here! You were on the first crypto-based social media platform! You're part of history, man!
He represents everything that was forewarned by this statement in the Steem White Paper: "Any imbalance in the give and take within a community is unsustainable. Eventually the givers grow tired of supporting the takers and disengage from the community."
It's a shame that no one with any meaningful authority is doing anything about this sort of disarray that is running rampant on the platform. I now distinguish between this site and the potential of its underlying blockchain, the former being a deficient representation of the latter.
The code is law. Change the code. Stop the abusers.
Completely agree. And since the code is in the hands of Steemit Inc, that necessitates leadership in place that recognizes the deficiencies of the platform and acts to address them.
As an example, the free market has expressly conveyed that the peg of SBDs to $1 USD is unenforceable due to natural supply and demand pressures. Similarly, the community here has pointed out on numerous occasions the gaps that must be filled in the rewards distribution to improve the user experience.
It's time that their voices be heard. And I am certain that the sooner this is done, the sooner steem as a blockchain is deemed more respectable in the crypto space and the sooner its valuation will align with such an improved image.
With a supply of less than 7m SBD currently it’s too early to judge over the peg. SBD will/should lower as every day more SBD and less SP is issued. Subsequently STEEM will go up and the price of SBD will go down as you get always less STEEM for your SBD because STEEM will be in much more limited supply eventually.
You seem to forget that Steem isn’t even 2 years old and that Steem isn’t a social media network alone. Definitely not if ever we also get SMTs.
Social media, actually much more User Generated Content (like blogger/blogspot and more modern Medium) is closer to Steem than social media.
Early days. Much can still change.
The witnesses could decide to change the rewards structure to use a different model.
The initial characterization of SBDs when the steem blockchain was first introduced does not align with free market supply and demand forces. The fact that SBDs have been trading far above their originally defined peg for nearly two months demonstrates this.
Furthermore, the SMT White Paper specifically says on page 14: "Initially, smt_creation_fee will be set to 1 SBD, and no means will be provided to update it."
So there is a dichotomy presented here. The market has acknowledged this and has bid SBDs up in light of their supply scarcity. It's to be expected, if in fact the forthcoming roll out of SMTs will require their possession in order to be created.
I understand that steem is just under two years old as a blockchain, but so is this community. I distinguish between the blockchain and Steemit; the former has potential that has been demonstrated, as evident by Utopian, Dtube, and the future roll out of SMTs. Steemit however has lagged in its development. I do hope that discussions such as this will push for things to change for the better.
As the price of STEEM goes up less STEEM is issued and more SBD every day. Currently we are at an 80/20 SBD/STEEM split (84/16?).
It is too easy to make an experience more awesome than anything Six Flags could deliver if the marketcap (by design) is only $6.5m.
The Steem blockchain has a very smart design, a smart design to become a real life economy. The peg matters in that but the peg will first require much more SBD to be issued. And that will take time. As the issuance of SBD is defined by the STEEM price feed.
Focus on free market impact on value of SBD right now is irrelevant an argument. That even more so because of the massive bull the whole market has experienced, and lateral movement of money towards altcoins too.
There is no guarantee that right now any trader, who are enjoying the last 6 months, even understand the design, function, of STEEM. And there’s no need for them to do so either... only 6.5m coins right now. That’s a traders paradise.
Volatility guaranteed with less than US$1mm needed. The daily trading volume of SBD in coins is very low. For all we know it could be just 4-5 cryptowhales riding plenty of awesome (for them) waves.
Addendum: Steemit isn’t supposed to be awesome. Steemit was the centralized initial roll out. Steemit, by design, has much room for improvement.
Because the future of STEEM shall not depend on steemit. The future of STEEM is thousands of sites operating with the blockchain. The “poorer” Steemit is (while still functional), the lower the step-in for new interfaces.
Steem Inc, by virtue of the amount of STEEM they hold are as such much more interested in the blockchain than in Steemit as well. Think about it: Steemit is not supposed to be the most awesome experience. It would leave less room for other interfaces to join the fold.
Removed
The thing is... you need to make sure you understand what is said before waffling a platitude.
The thing is, that if the witnesses wish for it, they can completely ignore the developments (or their lack of), and apply a hard fork that they think is right. Steemit Inc influence is limited at this stage of SP decentralization
I'm not clear what the Witnesses even do. I understand that they maintain the technical and server back end of the blockchain, but I am not sure to what extent they actually thoroughly reassess the underpinning of it all.
For example, in a recent post, @jerrybanfield recounted an interview he did with @aggroed. They are both Witnesses and expressed support for the value of SBDs recently climbing far above the originally intended one US dollar peg as outlined in the Steem White Paper. So I asked them to clarify what exactly they are doing regarding the misrepresentation of SBDs as initially conceived when steem was introduced in 2016. Still waiting on a response.
Well, witnesses can affect SBD price in 2 major ways:
1: increased supply which should decrease it's price, through their pricefeed.
(Check steemian.info/witnesses to see each witness' price broadcast)
2: the top 20 witnesses are in charge of accepting or rejecting a hardfork, if 17+ of the top 20 start using the new version, than the rest of the witnesses will have to follow through.
Bonus example: The witnesses also set the interest rate on holding SBD, in case SBD falls too low, they can increase is from 0% to motivate people to HODL it.
Also witnesses are Steem's version of mining, using delegated proof of stake. Where votes for witnesses increase their chance of mining a block, similarly like more GPUs increase the chance of an ether miner to find a block.
its pathetic ned isnt doing anything about it. steemit and steemit 2... enough sp to quash rancho.
Dammit Bernie, I really want to believe that everyone is a good person, but I have to stop being naive.
You're right, but everyone is too scared. It's easier to shift focus to the rewards pool, instead of facing the issue at hand. It's a cop-out, and easier to do because it's non-confrontational. It's hard for me to admit, but I believed in him however, market manipulation is far more plausible than being able to see the future.
I haven't posted a blog in 4 days because I wanted to make sure I replied everyone before moving on. And here he is, he doesn't give a shit about his followers and I gotta understand that, instead of giving him the benefit of the doubt when it is crystal clear what he is doing and why. He likely makes his posts, leaves, then comes back to make more.
There actually is no way to work together with him BECAUSE he is a scammer.
Stopping him should really be the primary focus. We can talk about rewards and fairness, but right now it's derailing effort from actually stopping him.
@haejin hates Steemit, so I hate @haejin.
I'm still scared but I want shit to change so I will make my voice heard.
@shello
There are things that do not deserve to be answered. Just thinking about not answering is a painful answer
And here, new people like myself cant get more then 1 upvote in 24 hours. Redistribute the wealth! Keep up the good work Bernie!
Make interesting, original posts and people will come. Find your niche.
I see that you've been on the site longer than I have, yet you don't post a lot. Commenting and engaging with others is great, but it will not get you those upvotes you seek. Original, interesting content is key.
thanks you sir excellent news
Well done, I wish you success and happiness