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RE: #NewSteem is Live
Okay, thanks for letting me know it isn't just me.
Anyone else's upvotes not producing the same payout they did yesterday? I used to upvote for between 4 and 5 cents (at 100% power). I was at 100%, voted at full power, and only resulted in a 2 cent payout!
YUP... my up-vote shrunk as well. And here I was all happy about being a dolphin at last so that I can dole out decent votes and then they pull this on us when Steem is at rock bottom in value already! How many more Minnows need to abandon hope before they realize that they are killing Steem with these 'new' ideas? Instead of making changes so that more minnows can grow into dolphins (and promote the Steem ecosystem), they make it impossible for a minnow to get ahead.
Well said, that's how I feel too.
We clawed our way to a tiny upvote, now that's halved, and then halved again. Not just tiny decreases, but a total change in one move, like a transfer of wealth away from the masses toward the insiders.
I guess we can forget about Steem and focus on Battle and PAL tokens, plus a few more of the coins based off of Steem. If it wasn't for them, there isn't much left to be working for, especially if you hold less than 1,000 SP.
Yea.. it's like putting another tax on those that have the smallest earnings already.
I suspect that the team running the HFs doesn't understand how psychology affects users. I know they consider game theoretical aspects, but prior to HF21 my incentive to post was low, since even for posts where I spent hours and got a decent amount of votes, the payout was extremely low in contrast to those who are gaming the system. Now under HF21 my incentive is even lower. I had already stopped trying to convince others to join the platform, and HF21 lowers that incentive even more. This seems to all be the result of having an oligarchy run steem. Steem needs many more users, but its complexity and lack of features are unlikely to result in more users. HF21 makes things more complex. You can argue that you don't get anything on the mainstream social networks, but that again goes back to psychology. Folks see the huge payouts on meaningless posts, put time into their posts, then wonder why they get near nothing. Overall, my 1+ year on Steem has largely been a huge loss in terms of time and money invested. In contrast, my time on Twitter has been very valuable, because there are communities there with which I can have meaningful scientific discussions.
I agree with you 100%. I've seen the argument several times that some pay-out is better than none, but that comparison can only be used if all things are equal. The Steem system is far behind something like Facebook for a social media platform in so many ways that it would be like comparing grapes to watermelon. The price for a grape and the price for a watermelon will be hugely different and they are not even the same as far as taste or anything else, except that they are both juicy. So now if someone were to offer to give me a few grapes for free, but I don't care for the taste/texture/or whatever of grapes, would I be incentivised to eat grapes just because they are free? I think most people wouldn't be.
If I loved watermelon and someone offered me free watermelon, of course I would take it. Steem needs to become the watermelon FIRST, then they can use the "but you earn dust here and there you don't" argument.
Your comparison between your time on STEEM and on Twitter made me really think. I used to think in terms of money (1 cent on STEEM is better than 0 on Facebook) but I'm not sure after reading this.
True, I had more meaningful conversations on Facebook than I had on STEEM.
This is why many of us were railing against HF21. This is the plan, and, in my opinion, disadvantages minnows and dolphins in order to reward whales more greatly. I continue to believe this is a problem. I hope that there will be an outcry against the changes and they will change it back.
I wish they'd change it back if there's an outcry. I don't think they would (I'll be happy if I'm wrong.)
I think they'll change it back if they decide it's not working, but an outcry would be a very small part of that. And, unfortunately, what Steem is like for them, and what Steem is like for us will be very different experiences.
From before, only a small minority earned 20Steem or more, but many earned at least 1Steem to 5. Now? I guess it will be at close to zero for the majority of us.
I have 2 accounts. On the smaller one I have set it at Decline Payout. With an SP of less than 200, no point in wasting everyones voting power. The other will carry on a usual for a while, so that I can compare.
I had been disappointed by the loss of value in Steem, but had continued trying to earn some, in the hope that someday it comes back to life. The way it is rigged now, no point in trying for the smaller posters and the promise of a future high value for Steem is just an empty (fake) promise. They/we are no longer allowed to try and benefit ... someday.
Thank god so many other Steem platforms have been created.