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RE: The Snowball Effect on STEEM.
I think HF21 hasn't been good for newbies on Steemit. Besides, I have started using Stemit lesser afterwards. HF21 was supposed to have increased Steem price; on the contrary, the price has gone much more down.
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HF21 was like medicine. It's supposed to aid in the healing process, not allow the body to skip it altogether. It might even get worse, but that's the path in order to grow.
Assessing the quality of HF21 by its immediate effect is not the right option. You need to have patience and see the big picture.
I keep hearing these things, but have yet seen anything that really backs this up. In what way was HF21 bad for newbies? I have some ideas myself, and I have been concerned as well, but the more I think and talk about it, the more I realize how HF21 seems to have been literally the best thing for Steem. Long term.
In comparison to what was HF21 bad for newbies? In comparison to how easy it was to basically "steal" rewards before? In that case, HF21 does exactly what's intended, as we don't want to reward low quality, bid-bot abuse or spam.
Do you have any more details to share about this?
Also, we still haven't seen the full effect of the latest HardFork. Things takes time. It would've been a true miracle if we saw the price of Steem increase immediately after the HardFork. Things have to settle down before we will see those types of results.
#Newsteem is about changing how Steem has worked previously, as it has been far from sustainable for a long period of time. You can't expect one HardFork to change the price immediately. We need to prove that the mindset and behaviour of #newsteem is the new route for Steem, and that will obviously take some time.
It has been bad for smaller accounts in fact it has been good for only about 200 accounts who keep repeating that HF21 is great, just look at what the trending articles are about and who votes for them. These guys are OK, the rest of us are worse off, it is there in plain sight only those who don't want to see don't see this.
I agree that the trending pages are filled with Steem-related content, and I would like to see a variety of content further on, but I also think it's logical to reward that content, and truth is, that Steem-related articles has always been rewarded.
Like I said in this article, I have seen many of the accounts I follow go in both directions. Those who seem to earn less though, seems to earn just a little bit less than before, meanwhile others seems to earn more. Often well-more than before.
However, I have obviously seen that some actifit posts for instance, or posts with one sentence and a link to another site etc. I have seen that those have started to earn less than before, but I also think that is the right direction, as we are supposed to reward high quality and effort. We don't want spam, bid-bot abuse or low quality posts to earn massive rewards.
That being said, I can understand that some authors might be affected in a negative way because of this, but I still think it's for the greater good. This might affect some (or even most of) us in a negative way short term, but I think it will pay off long term.
https://steemit.com/statistics/@arcange/steem-statistics-20190911-en
Here are some stats, I think theya re kind of interesting.
https://steemit.com/steem/@pharesim/the-eip-and-how-curation-will-matter-again-a-k-a-false-hopes
And this is about what I think also.
%50-%50 rewards might not encourage not only newbies but many other users to produce new/quality contents. There's a high possibilty that a user may ask "Why %50 of my effort would go to someone else?"
HF21 will likely encourage users to comment more and more, however I have noticed that comments are not upvoted as before, under this post e.g.
Steemit even before HF21 was played between the users that have high rep and SP, now it has been much more. I don't think that a newbie will want to go on Steemit.
As said, let's see for a long term, but there is some reality that can't be played down.
Comments are not rewarded like they were before HF21, so it's likely to decrease engagement. People are better off upvoting content after HF21.
Here's a comment from @bashadow that explains this in detail:
That is also the reason I don't upvote comments anymore, which I honestly think is sad, because I have always loved the idea of rewarding my audience with something.
Honestly, I think the only people who thinks like that are existing Steemians. I doubt that a newcomer would think like that, because they earn 0 from Facebook, Instagram, Twitter and other social media platforms out there.
Truth to be told, I was thinking in the same lines too, previously. I saw HF21 as something terrible which would make things far more difficult for me and for all the lesser accounts we have. Due to many of the great things I have seen though, I have started to be less skeptical and I am starting to truly believe that HF21 was something good. That it was something we should have done a long time ago.
In a nutshell, HF21 have countered bid-bot abuse. People don't earn from spam or low quality posts in the same extent as before and those rewards are being redistributed to high quality content instead. Meaning, authors who didn't earn much previously, has started to earn more and anyone that produces high quality has a higher chance than before to receive upvotes. Especially as more people are looking for good content to curate.
However, I can still see that some people, perhaps some people who doesn't deserve it, have been affected in a negative way because of this.. But we need to take the bad with the good.
This is also why I recently wrote about Tribes too. People are basically leaving rewards on the table by not using tribes yet, and I definitely think that rewards from tribes can make up for the potential loss of rewards.
Like you said though, we need to wait. It will probably take us a few more months to see the true results of the recent HardForks.
I've changed my way to reward comments now. I don't upvote but UpFund with !UFM I think I should write a post on it too ;)
You can use UFM for posting and curating content on https://upfund.me or to get a vote from @ufmbot.
I think "like" is more valuable than 0.001$ upvote for those people on FB, Insta as such. This is kinda Ego > Money. I also think that Steemit or the idea of blockchain based platform has not been popular yet, but been more difficult to sustain on. I know many users from my country left Steemit due to price drop last year. Now reward decrease. Even if you put HF100 into use, people want to get the return of their effort.
You should lay the base very well before raise a building.
Posted using Partiko Android
We've had a building for a long time, but that building has fallen apart. Brick by brick, for a long period of time. The intentions of HF21 was not to raise a new building on that same foundation, but to strengthen the foundation, and raise a new building afterwards.
I get your point though, and I can understand your feelings. How many of those users are able to earn something from their content nowadays?
Also, while the price is low, you are able to earn more Steem. We are talking about tokens, not the value of those tokens.
That being said, I know more than a handful of people who gave up on Steem too. They gave up in late 2016 and the beginning of 2017. They gave up during the time we saw the record for the highest paid out post ever (~$32K), and they gave up because they didn't earn...
It's impossible to please everyone.