No it doesn't at all. The Steem rewards pool is limited. The more users on the Steem network, the less rewards pie for each user. The more people shit-posting memes, the less rewards for original content creators.
Don't be fooled by the lack of critical thought in the comments - every person I've shown this too has immediately had the same reaction. This will be bad for the platform. Very bad. I seriously hope you reconsider.
And what do you know? You are already raping the rewards pool all on your lonesome with copypasta meme bullshit. This will be great for the platform. Truly awesome.
Ultimately, @bulleth, every objection you raised is a positive for the Steem blockchain. The limited pool (not just of rewards) is what drives the value, unless you don't believe in Steem and SBD.
Without a doubt best thing that could happen to Steemit would be if say Medium decides to build on the Steem blockchain. Not with an own currency, with SBD.
What you mean though, what your objection actually expresses is that you want to limit (throttle) the number of users and thus have a bigger influence yourself and need to share the pool with fewer people. But with that also comes lower currency strength.
If all the Medium heavy hitters, especially the VCs and startup founders would bring their content (production) to Steemit (whether as Steemit users or via a platform built upon the Steem blockchain), more investors would focus on SBD and Steem.
Same with dMania. But you don't like the virality of dMania. And I can undestand those worries because of the drowning out effect that virality can cause.
Yet, as @zombee mentioned in their comment reply, maybe that is a Steemit platform design which needs to be raised and improved.
But I understand your concerns, @bulleth. They are valid thoughts to have. Yet @ned & Co. will ultimately be the ones deciding what they want: Steemit to become a huge Everything bucket aggregator or Steemit itself to continue to be a vertical with force too.
If everything bucket, yes then every app built on top of the blockchain and making use of Steemit will be a threat and can endanger the SBD as we know it.
But, in se, more users vying for the same will increase the value of anything limited in offer.
NICE reply and you deserve that $20 upvote, seems liek someone wanted to make a point about @bulleth and how he may have been a lil bit too harsh AND a little too overly optiomistic aboyut Dmania, hah because he is basically upset that it will become TOO succesful and get TOO many users joining steemit lol if Dmania brings in more contenta nd more users it can only be a plus! You cannot seriopusly be talking about steemcleaners having a hard tine LOL steemcleaners is NOT a part of steemit inc and it is just a random guy who decided to make a bot and if his bot cant keep up with the steem blockchgain thats his prioblem and he WILl adapt and we will see other users coming in with more steempower fighting with steemcleaners and rightfuily so as no one can just claim they hget to make the rules and enforce them, peope lwill enforce their own rules, and we shouldnt just talk about steemcleaners as if he is in cjharge of steemit, hes not the official steem police and no one is and we should remmeber that this place is decentralized and if peopel can post crap here they WILl post crap here!
Let the masses come! ;let the shitposters post and flood steemit! so what, it is BOUND to happen sooner or later, and we might as well deal with the problems NOW rather than latrer, we hjave to understand that human freedom and free will will create probelms we cannot avoid, we will simply have top deal with the fact that we will get the same sort of content that is found everywhere else on teh web because all the same users will ecventually find steemit!u
Lets not focus on things that constriuct steemit, lets focus on things that HELP steemit! And Dmania is a GREAT tool and I dont think it is very fair or very helpful to shoot it down like this and say it "goes against what steemit stands fpor" because thats subjective first of all, and i think a lot of early steemit users confuse their early adoption of steemit with them having some sort of authority or representing the interests of steemit
the facts are that ANYONE can come in here and buy steempower and have authoprity! We should not get too comfortable with any set system and realize that things can change fast and yeah whales might not be able toi make a smuch money as they did in the past, yeah we might find the reward pools getting diluted when more and more peopel are fighting for the money! But that is a good thing if we have more users thats great,
I think a lot of people forget that just because teemit is working for them, it doesnt mean steemiutr si working for everyone else, and things will have to change and we will have to allow EVRYTHING because HOW would we go about "filtering" info??? People shouldnt have steemcleaners going around flagging them, and steemcleaners should realize someone will get angry and someone with money to burn will just buyt steempower and flag stemcleaners ! They will get into flag wars! So much arrogance on a platform supposedly about freespeech etc, i think we should not be teling others how to behave or what to post, if the comunity doesnt like it, they wont make any money! but we should not be flagging people jhust because we dont agree with what they post, because look oif others enjoy it and upvote it, who are we to flag it with a high powered account? Its just bully behaviour, and we should not tell people that they cannot post high frequency memes to steemit, why not? hat if that is someones posting style?
I just think a lot of steemit users seem to have a type of autism where they get stuck in their ways and dont liek change and theyt are set up nicely and want things to remain the same...its human nature....but peoiple dont like to admit when they are wrong and also people dont like to believe they are wrong, and i feel like we are going to see a HUGE amount of flagging in teh future,
imagien when the real toxic types come in to steemiut and start buying steempower JUST to argue with peopel and flag their enemies,
imagine when something like Antifa comes in, backed by george soros to buy steempower and starts flagging anyone who supports the right, imagine the civil war just inside politics, then imagine the men vs women the black vs white the race and sex wars we will experience, oh man, it will be really crazy, people will be using flagging and steempower as a weapon! hah it will get so crazy but we will all get to laugh to the bank as steem goes up as more and more people want steempower to have influence here! and as this place becomes the defacto political forum because of how you cannot delete posts and it is censorship free, then more and more peopel will migrate here and so it will become more and more relevant!
Steemit is going to become so relevant as more countries find out how it is xcensorship free and how comments and posts cannot be deleted, it will attract ALL the best political thinkers and will result in steemit being banned in many nations after it is used by poilitical dissidents, but decentralized websites are hard to ban and we will always have backups for people to use, aps and even darknet sites that still use the steem blockchain, so peopple will always be able to acess steemit! And it will become a political tol, but this will also make steem skyriocket similar tio bitcoin, people will see steemit as the Bitcoin of social media, oh man we have yer to even experience how popular steemit will become!
we are ALL SO LUCKY to get to be on steemit this early! i am SO grateful to you all for being here helping to make steemiut happen anf i know @bulleth hasbeen a supporter of steemit for a long time npow and i apreciate all you have done for steemit!
I cannot wait for the next few years to see how much of a change on teh world steemit will have! The money will be like a Bonus but will also be the main factor for many of the worlds poor, and once people start making money they can relax and use steemit for social reasons! God I love steemit so much. I love watchjing how excited people get for Bitcoin as bitcoin moons and i cannot wait for steemit to moon to get to expoerience the same sort of feeling, the same sort of excitement! And Steem is only 240 million coins while bitcoin is 21 million, so steem will still be in the $100s and actually WILl go to the $1000s as its marketcap will reach facebooks around the 400 billion, and it is around 400 million now so 1000x price of now is $1 so $1000 is price of steem at facebook marketcap level, so yes i do believe its going to hapen, and i do beliecve holding just 1000 steem will make u a millionaire in the next few years , so i already feel like I am a millionaire in waiting!
Whats most exciting is that I have finaly found a real system that allows someone to go from nothing to wealth all for free, and i hav ebeen looking for a system like this to learn perfect master and then educate the worlds poor to use, because steemit could allow the worlds 1 billion chronically undernourished and seriously poor to become part of the global middle class and never have to worry about going hungry again! because steem has $0 transaction fees and will be made free to people all over Africa like Facebook has, and will even give out free smartphones and tablets to africans in need, then steemit WILl become potentially as big as bitcoin because peopel will use steemit more than bitcoin!
Well I got my answer lol thanks brotha!
As said, I understand the concerns @bulleth raises. If Steemit is your main focus, then of course the expandibility - with Steemit as a central hub - will add only more noise and competition.
There's two sides to it though. Maybe even three.
First of all, more noise tends to also lead to more eyeballs. More users is also a higher chance of upvotes. But more than upvotes it can mean profile/brand. Just like any other popular UGC platform Steemit will continue to give new experts a platform they didn't have before. Like LiveJournal, Blogspot, Twitter, Linkedin, etc all did and especially the platform which historically is possibly closest to the Steemit... Squidoo.
Second, we need to remember that, indeed, Steemit is an app built on the Steem blockchain. As such, it's a layer. Whether a central hub or not, it is a layer. That meaning that when discussing whether dMania and other apps are valuable or not, the discussion is bi-fold.
Are you/we talking about the Steem blockchain or Steemit the app?
Lastly, the structure of the Steemit blockchain allows anybody to build an app on it. If people think Steemit has become too noisy or has too little quality [for them] on average... everybody can build their own niche on top of it. Even take with them their SP too. Then of course, the catch 22 kicks in and promotion is needed.
Summarized, I get it. But I see the larger benefit. Please, everybody, please keep building. And while the SMT are good for the broader online community, as a Steemit user, I would prefer everybody to build using Steem. That will bring Steem above $100, very quickly.
ojh hell yes the more aps and dapps and stemit bells and whistles and new features peopel build the higher steem goes because the mre value and function it will have! hel ys $10 steem soon by next year and $100 steem by 2019
@bulleth I am not talking about the limited reward pool of Steem, I am talking about the reward pool valued in Steem Dollar or Dollar.
If more and more people find out about Steem and Steemit, more people gonna buy Steem. Then the value of Steem will increase. The most important thing for a social media platform is growth.
Most people here are not seeing the bigger picture. Steem is the most undervalued cryptocurrency out there. It should be in the top 5.
Most people just don't know about Steem. We have to promote Steem and make it bigger.
Maybe you think memes are "shit posts", but there a lot of people out there who think memes are great. There is a reason why there is a memes category already on Steemit.
If a meme makes people laugh and happy, it is valuable to Steemit and the Steem community.
This. It is difficult not to be bullish about Steem.
If this were Medium, in a Medium post, it would be the Top highlight.
The distribution of the reward pool is not correlated to the number of users or posts. Thousands of people can post thousands of posts at zero value. The reward pool is rather directly influenced by the Steem Power put behind the voting.
If like you say, a lot of people are not enthusiastic about the idea, then I would guess that those same people don't usually vote on meme posts and thus should most probably still continue not rewarding this type of posts in the future. So I have a hard time understanding where the fear of having the reward pool being drained by meme posts comes from.
The entire argument sounds more like a desire to keep newcomers away from the platform than about the reward pool.
I used to hate memes, but I have developed a taste for it since I have been on Steemit. In fact, you may be surprised to learn that the first iteration here of meme contest was to promote Steemit outside of the platform. Now, from times to times I post memes in French for the purpose of growing the francophone community's interactions and that has certainly not stopped me from also doing long-form posts. These meme posts of mine always have small rewards which I think is pretty fair and indicative of their true value. And who's to say that people coming here for memes at first will restraint themselves to such short posts when they will realize that reasonable people like you and me upvote more and at a higher percentage when we read deeper thought posts?
No matter what is the content and the level of influence, what we might be looking for as a potential culprit (if we must absolutely point at one) for irregular draining of the reward pool is self-voting and/or circle-jerks and both of these are, I would bet, here to stay.
It is not correlated? I think you mean it is not co-integrated. There is most definitely a correlation greater than 0 though ...
Very true, seems to be working for the moment ... but these posters could easily start using boosters.
Not at all, I just don't automatically equate more users with good for the platform. Would love to see even more quality content creators and curators on Steem.
No arguments there and as I said to Cath in the other thread, I don't hate memes at all - I just don't want to see the platform drowned in them or memes receiving a ton of rewards.
I don't think good authors circle-jerking is a problem. Fact is, if you don't have a network supporting you, your content disappears in a flood of shit-posts before anyone even has a chance to read it. The more crap content going around, the more good authors will have to band together to support each other and ensure their work is actually seen.
I think comment voting is a needless drain though, I'd prefer a tipping system.