RE: Be Careful, Steem!
That's your recommendation, seriously? 'Don't be distracted by the money.'
Money talks - but don't be distracted by the money
Ehm....
I didn't conflate stake-weighted voting and a two-tiered system, I rather identified a direct correlation between both. Less than 1% of the Steem users decide on more than 90% of the voting power which definitely leads to a two-tiered system deviding the community into those who have influence and those who don't.
Linear rewards have considerably contributed to a better distribution of rewards (end of the value added chain), that's undoubted. Still that didn't address the source of the problem (starting point of the chain): ensuring the equality of opportunity for everybody who joins the platform and is willing to contribute.
What's your take on the sweat equity principle defined in the Steem white paper? Shouldn't we take that too seriously either - like the money?
Exactly. Some of the gentlemen in this thread are forgetting that Steem obtains value from proof-of-brain. No proof-of-brain, no value. No value, no archiving in the long run. No archiving in the long run, no voice in the long run.
The issue is that to have a visible voice here, you need content and stake, or content and have somebody with stake curate. That would work if the history of the platform was a bit different.
(For those talking about voice, ignoring rewards, etc . . . take note that even the founder, Ned, thinks the trending quality is lacking.)
Another important adding, thank you @tibra!
I'm glad this statement is at the top of the thread now :)
This it what the Steem white paper says:
We're not seeing much of that in reality. But there are lots of new projects in the pipeline that might bring the needed solutions, just thinking about SMT Oracles for instance.
You're drawing an arbitrary line at 90% to define your "haves" and "have nots" of influence. Turns out that you can make a post and actually exert influence (not rewards - influence) with your ideas with almost no SP at all.
The partition you describe is nonexistent.
Who is 'you' in this case? Me? I have been here for 18 months, have almost 7K followers and rep 72, I don't believe you're comparing my account with the majority?
Influence requires visibility, and the design of Steem absorbes low-rated content like a sponge and makes it disappear. I often have trouble in finding my own content. If you don't remember the title or at least parts of it, it's impossible to find it - unless you wanna scroll down your feed a couple of hours.
What do you think why the user retention is at 12% right now? Do people need to lower their expectations? Is that the whole secret?
Quite the opposite; the design of Steem makes all posts persist forever, regardless of editing, votes, or flags. It is explicitly designed so that nothing can disappear. This is a blatantly false statement.
Where did you get that figure? It's not accurate. Spreading misinformation helps no one.
You're addressing the wrong person. If you scrolled down this thread you'd see that it wasn't me who came up with these numbers.
hi @sneak - I tend not to spread inaccurate information, and I am not the only one that has reported on retention figures. Lol at times 12% seem generous. Sure from those that registered last feb the retention is only 6%
https://steemit.com/steemit/@paulag/if-you-joined-steemit-in-february-2017-then
And now... silence...:-)
Thanks for providing the detailed numbers @paulag!
You were pretty right, @sneak! My numbers were not accurate. The retention is even worse: https://steemit.com/utopian-io/@paulag/retention-rates-on-steemit-steemit-business-intelligence
The next time you decide to critize people, better do your homework.
Have you seen the latest EOS performance by the way?
Good luck!