RE: Report from the shallows. #12
If all those rewards were split evenly between the active 60,000 users that would be about $0.23. Now we know at least half of those accounts are probably bots and spammers. So let’s double that and go $0.46 per user. Now out of those 30,000 users probably 10% are putting out worthy content. So that would be $4.60 for 3,000 users who deserve to be rewarded. Nothing that would be a game changer distributed flat, but there could be 100 that get $49.60 and 1,125 that get $0.60. That’s a significant boost for 100 authors, a marginal boost for 1,775, a barely significant boost for 1,125, and nothing for the rest of the 57,000 active users. Besides the obvious reward pool rape, the reality is Steem is too low to support the amount of users we have. It needs to be $10-20 to make this worth the majority of users’ time. Hopefully when it does, we’ll see a massive sell off from these shitty ass whales who don’t give a fuck about the platform and their rewards will drop proportionately to all of us little guys. At max they should be at 10%, 30% as batshit crazy.
47334.75sbd was the amount available in the last 12 hours, so double that for 24 hours and we are looking at 1.5sbd per active account.
272,399 posts brings it down to about .35sbd per post.
That makes for 3000 posts with no payout to make one 1000sbd payout.
So, when dlive gives out 3000sbd that means that 9000 posts get nothing, irrespective of content quality.
We do know that a lot of those accounts are bots and sock puppets, but if they are putting out 'good' content then they got rewards coming.
The problem I am seeing is that by renting delegations, selling votes, and ganging up to vote in a circle is short changing the 'good' authors that don't play along with those games.
Not to mention that the organizers of the gangs make out really well, the rewards are shifted from everybody to the most popular in the gang.
Anybody outside the gang has nothing at all coming.
#JustReVerseDadPayOutPyramid424Hourz ;) #ToPushSumPoSitIveWAVES <3
People don’t see they are getting continually fucked by renting delegations and buying votes. As long as people create a demand there will be greedy fucks ready to screw them out of their money and gain more power over the system.
It's just good crapitalism,...and stinc has some of the best crapitalusts on the planet.
Gives me confidence in the security of the platform.