RE: Oh, No! Hard Fork 21 Will Kill Us All!
Yeah, to blame the problems of Steemit/STEEM on the "little guys"
I didn't blame the problems with Steem/Steemit on the "little guys." I said that the "little guys" act no differently than the "big guys" when given more power and opportunity. To put those "little guys" (in which case we're referring to new users coming here to blog and "authors" who are only here to make money) up on a pedestal and pretend that they're morally superior to "big guys" (those risk-takers who purchase and/or power up STEEM to curate content and make money) is absolutely fucking ridiculous.
I wholly blame consensus witnesses, past and present, and the failed "leadership" of STINC for most of the problems here.
And I am hating the game. I've been hating the game for a long time. I just happen to think that whining about positive changes after two years of complete dog shit is absurd. If all of our glorious "authors" want to leave because the rewards are split 50/50, then they can go. It wouldn't be hard to replace the generally mediocre (but usually much worse) content. The few good ones that are here and decide to stay will have the opportunity to claim a bigger piece of the pie. So good for them.
Nah. I'd say that people who move on from this place, good for them.
Yes, there will be a bigger slice of the pie, only not for good content it will be for the big players. You see what everyone fails to mention is that the reward pool is finite, I once was told it was about 70,000 Steem a day but I read an article that this had gone down to about 50,000 but regardless of the size of the rewards pool what matters is it is finite. At 50k Steem that is $20,000.00 a day up for grabs, at 75/25 authors will receive about $15,000.00 curators $5,000.00. But now with the 10% for projects the pool will be down to $18,000.00 and with 50/50 this gives $9,000.00 for authors and $9,000.00 for curators. So authors lose $6,000.00 a day and curators win $4,000.00 a day. Now if incredibly big SP holders change their voting patterns and stop using bots and circle jerks because now they will earn more (regardless of the fact that they will still earn more if they do nothing differently), how will this help authors if they will be fighting for a much smaller pool of money? I am saying this because you make it sound like 50/50 is a win win for everyone, and no it is a win win for big accounts, authors lose and lose big.
I’m not sure what you’re expecting from Steem protocols other than maybe forking out the “big players.” Whatever the protocols are, if they’re based on DPoS and rewarding stakeholders, the “big players” will likely benefit from them more. That’s kind of the point of staking.
First of all, not everyone will be a “winner” no matter what the protocols are. Users are competing for rewards. Some will “win.” Most will “lose.” The point of the protocols is to make users feel as though they can be a “winner” in order to entice them to contribute to the system.
Secondly, the best way for “all” of us to “win” (outside of the direct competition for rewards, where we can’t all win) would be to attract investment and reverse the STEEM price trend. When prices rise and users are contributing and earning STEEM as rewards, those tokens will be more valuable and everyone collecting them can potentially receive more profits if they cash out.
The EIP is designed to make investment more attractive by better rewarding risk via acquiring and powering up STEEM.
We aren’t getting that investment today. Authors who are simply here to “get paid” (cash out) are obviously not contributing to the investment side of the equation. So should we continue giving authors 75% of content rewards, which are 75% of total STEEM inflation?
Do the math. That kind of free giveaway isn’t sustainable, as we have seen for three years now. Combine that with STINC’s multi-year ninja-mined STEEM dumping plan, and it leaves us in a really terrible position. The economics need to be fixed.
As I said in the OP, I don’t think the EIP is enough. But it’s a good start.
What do you think should be done? Do you favor the SPS? From where do you think we can attract new investment?
I don't know how you can attract new investment but you certainly won't attract it by running away a lot of people. I have been on Steemit for nearly three years, it has never quite worked out to how it was at first promoted a place where you can actually make money for your content and this basically is because of the finite reward pool just think if it were 1 million posting every day. Knowing this, the problem was and still is that the big players manipulate things to their benefit, with hard forks, with bid bots, with curation circles etc. Now, don't get me wrong I have no problem with a person who put in a lot of money expecting to get it back plus a profit that is only fair, so yes, go ahead with hard fork 21 but don't try to portray it as a means for Steemit to be saved because it isn't, it is a way for the bigger investors to at least get some of their money back.