That’s because they’re poorly educated and in general this platform is an earning utopia. I have mentored multiple bloggers and most understand how difficult it is to earn because... they don’t earn a dime for many months.
Poor education, understanding is IMHO not a free pass for abusers to have free reign.
Btw this has nothing to do with “DPOS economics”, the rewards mechanic is specific to Steem, Hive, and few smaller forks. Plenty of DPOS out there without those economics. DPOS is a governance model, not an economic structure.
Sorry, this was a poor and absolutely disappointing answer.
The key to make money is to get attention from large stakeholders. The system has always been very top heavy and many bloggers do not get noticed at all.
There has always been a massive sweatshop economy on steem.
Within 2 months I had 2 OCD upvotes, several acidyo upvotes, and two solid curie upvotes. While I could have, I even never ventured into SteemStem or Utopian. Or Dlive/dTube.
Believe it or not, there's hundreds of authors who scrape multiple $TU together each day, just going through the different dapps/media types.
That is an utopia available to anybody who invests few days of time in getting to know the ecosystem. They may not score trending but they all score several tens, several hundreds of dollars each month.
My question to you: how long does it take the self-hosted blogger (without previous following to harness) to achieve sufficient traffic to earn their first $100.
If any problem on steem it was for the creators who didn't do the sweatshop economy. More often than not, after an unbelievable first quarter, they would not have any support anymore once rep 62-63. Whales and orcas are hard to come by, unless you're haejin. That often resulted in retention problems.
But the utopia, both for newcomers and for penny pinchers, is a reality. The latter can, of course, be seen as a positive because it is distribution and also spreads finances to multiple parts of the world.
PS: I think the lack of retention is the biggest issue. But EIP and 50/50 have introduced massive curation sniping and seems to have spread the distribution. More communist style, less for everyone but for more.
That’s because they’re poorly educated and in general this platform is an earning utopia. I have mentored multiple bloggers and most understand how difficult it is to earn because... they don’t earn a dime for many months.
Poor education, understanding is IMHO not a free pass for abusers to have free reign.
Btw this has nothing to do with “DPOS economics”, the rewards mechanic is specific to Steem, Hive, and few smaller forks. Plenty of DPOS out there without those economics. DPOS is a governance model, not an economic structure.
Sorry, this was a poor and absolutely disappointing answer.
The key to make money is to get attention from large stakeholders. The system has always been very top heavy and many bloggers do not get noticed at all.
There has always been a massive sweatshop economy on steem.
Within 2 months I had 2 OCD upvotes, several acidyo upvotes, and two solid curie upvotes. While I could have, I even never ventured into SteemStem or Utopian. Or Dlive/dTube.
Believe it or not, there's hundreds of authors who scrape multiple $TU together each day, just going through the different dapps/media types.
That is an utopia available to anybody who invests few days of time in getting to know the ecosystem. They may not score trending but they all score several tens, several hundreds of dollars each month.
My question to you: how long does it take the self-hosted blogger (without previous following to harness) to achieve sufficient traffic to earn their first $100.
If any problem on steem it was for the creators who didn't do the sweatshop economy. More often than not, after an unbelievable first quarter, they would not have any support anymore once rep 62-63. Whales and orcas are hard to come by, unless you're haejin. That often resulted in retention problems.
But the utopia, both for newcomers and for penny pinchers, is a reality. The latter can, of course, be seen as a positive because it is distribution and also spreads finances to multiple parts of the world.
PS: I think the lack of retention is the biggest issue. But EIP and 50/50 have introduced massive curation sniping and seems to have spread the distribution. More communist style, less for everyone but for more.
Your analysis is spot on! Nice work.