RE: Which came first, the Engagement or the Reward?
You nailed the biggest risks.
So, what's all this discussion about? This wasn't just word vomit, I promise I do actually have a point. To generalize: perhaps we should be more careful with rewards. With a high price of steem, and newfound influence of the middle class, one could be quick to think that everything is fine and dandy. However, with the new ability to reward only our friends or ourselves with all our influence, we run a great risk; if people focus on the reward rather than the engagement and community building, we could quickly collapse into a self-serving, reward-leeching scenario.
As linear rewards also mean voting for oneself is easy and profitable: a true tragedy of the commons will occur if everyone only voted for themselves "because that's what everyone else is doing". Quality will degrade, and efforts will focus not on providing value, but rather on extracting reward. If this happens, we are likely to see another steem bear market, as a new fire cleans out those not soley here for reward, once again. To prevent that, I believe we now need altruism more than ever.
There has to be an element that rewards altruism and also rewards getting other people to agree with you.
OMG! $99 for one vote
Usually more. I also bought 15k Steem this week.
Y'know, you're kinda adding to my concern by upvoting your own comment here to almost $100.
:/
I addressed this earlier today. It's a fair point. So are mine. It's a nuanced issue. I have also demonstrated in many ways that my time horizon for Steem is long term -- by earning a ton of steem writing, curating, commenting for over a year, by buying more Steem on a net basis than all but a handful of people, and by buying a chunk of Steem this week. But read on my full comments.
https://steemit.com/games/@lukestokes/table-top-game-reviews-mastermind#@eeks/re-lukestokes-re-eeks-re-lukestokes-table-top-game-reviews-mastermind-20170623t155051189z
Neither here nor there, I was an early supporter of Cheetah, and you've always been one of my favorite Steemians.
Thanks for the explanation link! Nuanced indeed, hence my post about it.
I think it's worth you making a post about your views. It is absolutely a valid point of view saying that it's within your right to do so. But I'd say @liberosist has a good response here worth reading. You and other large stakeholders might stand to achieve a higher return on investment long term, by spending the extra effort on voting on content that will make us go to the mainstream.
And secondly, thanks for the support -- it's greatly appreciated! :)
I regularly try and upvote content that is underseen but it's hard when most people just herd into crap like TDV and the same 10 people, half of whom are snakeoil salesmen. That's a harder problem to solve. I take the tact of trying to encourage and cultivate pretty random writers who add something. It's a mixed bag but we've also seen that sign-ups have been gated because of costs that may now be resolved so maybe we'll see more competition and real growth.
One thing I've noticed though is that in terms of time and rewards, previously curating was more valuable than upvoting my own content by a lot. Curating depending on being a thought leader and being rewarded for that -- it involved other people agreeing with you for good returns. This simplification alters that dynamic and removes the dependence of my rewards on other people for me as an orca.
It's early yet, anything that happens in the next months is transient, so more experimentation to be had.
People just earn almost a hundred dollars by upvoting their own content.
haha so powerful! nice photo .
want to share a window view from Uruguay, where I live.
hope you enjoy
Anyx is a little bitch
At least now there is a middle class!!! 10 months ago it was only top and bottom class. Crypto geeks and pretty girls were receiving getting crazy rewards, And Blogs with meat and credibility were staying under radar.... There is a lot more good stuff around now than 6 month ago
Yep. This should spread things out more. I think HF19 is a good iteration but were have more ways to go to get to the right balance.