RE: STEEM: Poised To Dominate!!!
Suppose that having Steem Power gave you part of the reward pool for all high quality content on the Steem blockchain, no matter when it was created. Wouldn't this give investors a motivation to buy Steem and convert to Steem Power? Wouldn't this give incentive for authors to somehow promote their content? Yet, Steem doesn't pay rewards for content older than 7 days, no matter its quality or its desirability. Why shouldn't upvotes of old posts generate rewards that get distributed according to the same formula for new posts? This would allow Steem to better support evergreen content and provide an incentive for authors to produce better content. At this point, after just a few months on Steem, it is clear that I should not spend too much time on each post. It is also clear that lots of high quality posts can get buried, simply because they are not noticed in the first 7 days. Of course this leads to people paying for votes in hopes that more people will see their content. Yes, Steemit could provide a better user interface to slightly address the discoverability issue, but there is only so much a user interface can do to counteract the perverse incentives built into Steem.
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you should read this post by @mattclarke regarding the 7 day payout..also the comments...
https://steemit.com/steemit/@mattclarke/scratching-the-7-day-itch-or-how-i-learned-to-stop-worrying-and-love-the-short-payout-window
Thanks for the shoutout, and example.
See how I stand to gain a few followers now, despite the post above being past payout?
Had I not put the work in, would others link back to it?
Good content is a pre-requisite in any case .
But that doesn't disprove the need for evergreen people , who feel the need for it , technically if you had an evergreen post you would still be getting an upvote on it.
As far as I am concerned , this is a feature that can be built when needed....
Ive seen that argument before, but I still believe that the 7 day limit is antithetical to quality content. Yes, it promotes continued posting, but overall it discourages putting a lot of effort into posts. It is also highly artificial, since we know from lots of experience that content is not often discovered or valued when it is first published. This happens with books, movies, scientific papers, etc. I have argued that we need a way to rapidly experiment with different Steem rule-sets so that we can get competition among the rule sets. Ultimately, users will migrate to the rule-set that they like the best.
You make some valid points...
SMTs will do that. Not all content can be best monetized here, but a movie can't actually be put on the STEEM chain (just a link to a movie). Link to your paid content in your steem blog, use ref link, find other ways to monetize yourself. Document your progress on steem, still look for a theatrical release of your movie or an art gallery for your canvas.
I've heard thereason has something to do w how the blockchain operates--there has to be a discrete "cut off point" to account from; it's too difficult (at present) to permit such backlogged additions, so to speak. I think Dan Larimer explains this somehwere