I hope you are aware of our newest competitor UUNIO. Their only aim is to be better than steemit by giving everyone an equal vote and by removing the 7 day payout period, to create life long payout possibilities for past efforts. Sounds scary if they achieve it the way they want to. The concept removes a lot of our problems instantly. But they are still in very early ICO stage and they don't have a big community, so you have time to improve steemit.
Yours was supposed to be the steemit but with bitcoin and I don't really hear much about it...I think steemit has been quiet for a while and is about to announce some major news in the coming weeks
We have been providing weekly updates through @steemitblog, the official blog for Steemit, Inc.
thank you for the link
Every decision our engineers make with respect to the blockchain is intentional and designed to ensure that Steem is sustainable and scalable. We have seen countless projects over the years that raise money through ICOs making bold claims but that fail to back them up with actual code. We welcome all competitors, but will not adjust our strategy or plans based on supposed claims made by people looking to piggyback off of our brand. If someone creates better code, we're happy to integrate it. Unfortunately, the competitors never seem to materialize. There are many reasons for the 7 day pay out. People dramatically overestimate the value of so-called "evergreen" content while dramatically underestimating the cost to the blockchain of infinite payouts. But we wish UUNIO all the luck in the world ... they're going to need it.
That response made my day! Thank you.
" bold claims but that fail to back them up with actual code. " Exactly what I was thinking. Right now they have nothing, just "we want to do this and that"
But the best thing about your response is, that you actually are aware of competitor strategies and seem to have discussed it in the developer team. That's great.
But: We all would appreciate more communication though. Weekly updates about what you are doing, planning and thinking would be greatly appreciated. I know you heard that a thousand times already, but the communication frequency sucks!
"If someone creates better code, we're happy to integrate it. " Thank you!
Removing the 7 day payout period is interesting. But equal vote, lol, there's no chance it will work.
Think about all the grub spammers we have here. They're a little annoying, but don't matter too much. People like that will quickly eat that eco system to nothing.
Combine it with a reputation system to filter out spammers, and it will be fine. Like with a bad rep, your vote only is 1/20 of everyone else and spammers won't be a problem. ( I realise that our current rep sytem will not work for that)
Hmm. I mean if they create a great reputation system that works in a meaningful way, then ya. Then that's the breakthrough, and it'll be bigger than even social media. Easier said than done. Is there reason to believe they have this? Like is that the point, they think they've figured out a way to do reputation and ratings?
I don't mean just spammers btw. I mean, that grubby motivation. The people who break UUNIO won't be spammers per se, they'll be a level up trying to pass off as normal users but actually just cybil attacking it.
The reputation system would have to be amazing and revolutionary for there to not be an easy angleshoot.
Check out StackExchange sites. They use a system that depends on a minimal number of users to work. Doesn't work for few users. (Hence they close sites betas when few questions or < 90% answer rates.)
There are many reputation systems that depend on percolation to work. An exciting subject with a lot of literature being published as we speak.
It's a really hard problem, I agree, to make a reputation system which works with even small numbers of users online at once and using the front end. My own belief is basically that separate actions requires separate reputations and that actions must be randomly reviewed. But is still a percolation based system at the moment. Can be gamed if few users are online, with a predictable recurrence of this.
Definitely an exciting subject. I followed you and am interested in the reputation system you're working on.
As far as StackExchange goes, I'm not familiar with it, but it doesn't look like you receive a token or money reward? So the incentive to game it is completely different, and you don't need as sophisticated of a reputation system in that case. Apples and oranges.
If UUNIO is giving out tokens for upvotes, any little imperfection will be gamed hard.
Thanks for subscribing.
My channel will be describing the details of what we're making.
And it will be open source.
Check out: https://Mathoverflow.net and https://StackOverflow.com.
And in general: https://stackexchange.com/
Correct: they don't give out tokens. But their reputation system is much more sophisticated.
And they reverse votes when it seems somebody as indicated by correlation upvotes or downvotes somebody regardless of what they post.
They have random review and thresholds for certain actions.
Reputation actually controls moderating power in that system. So people still desire upvotes; somewhat like tokens. And popular discussions get tens of thousands of views. People want that.
Thanks for the info.
Right, I'm not saying there isn't any motivation to want the votes, but winning moderating power and views is a lot different than winning tokens of value. For one, those things only matter when the network is successful, so it's inherently contained to be something that you don't want to go too far with.
Their model works for those incentives, but it doesn't mean something similar would work for UUNIO if they're giving out tokens.
Incidentally I just made a post about ratings systems if you're interested (was thinking about it and was already starting it during these comments lol).
p.s. I see that you also knew to avoid Ties in the blocktrades world cup 😆 kudos, see you at the finish line if there's any justice in the world
Ty
I agree with your point.
Will check out your post :thumbsup:
A team of eight including myself is planning on making an alternative reputation system for Steem: one which can also double for and be used in academic publishing and reviewing.
"Equal vote" to good to be true.
Removing the 7 day period is massive. Why would anyone in their right mind use dtube when YouTube pays out indefinitely into the future rather than stopping after a week. Passive income is the best.