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RE: The Number One Fix to Improve Steem's Chances for Mainstream Adoption

in #steem6 years ago (edited)

You're right, it was part of the title I forgot to remove. Bidbots are a symptom of the dysfunctional economy. What I really meant was paying to get higher ranking like advertising. Now it's an issue because the cost is covered by the inflation, and even worse, with potential profit as well so it's at the expense of the network. Which all could likely be remedied as per proposal. Can't tell people to stop using or operating the bidbots, but the econs will find a new equilibrium that'll make curation groups more favourable, I think :)

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Yesterday I've heard about some idea from @noisy ("Wise") that brings some voting automation that empowers humans. Well... I guess he needs to clarify his idea and do that in English but that is a promising. (Tagging him to bring it to this thread).

Oh thanks @gtg :) I've spoken to @noisy about it. It's not automation as in bots, but an easy to use service for linking up voters and niche curators I think.

For one I think it's a great and useful idea, but it won't meet its potential until a fundamental change in Steem's economy as per the proposal above. Vote trading services are at the moment 6-8x more profitable than curation services, easily. Left unfixed, people are just going to see the exploiters outpace them exponentially over time. Just too much of a sacrifice for SP delegators wanting to use it for the greater good. The gap needs to be closed in, for a new behavioural equilibrium to take place. Only then will only curation services like what @noisy is trying to do accelerate the platform's improvement..

I see now, you edited that portion out. They call it advertising. Mainstream media caught wind of our "advertising" and one of the first things they asked about was the obvious low quality paid programming style spam on our trending page. All that money that went to "advertising" shot us all in the foot.

The advertisers can have their money as well. Simply mark the posts using bots as advertisements, take them off the trending page and place them in the promoted tab. Then those who want to spend money on advertising can then pay ME, the content producer, to place a banner on my blog that leads to their promotion. Something logical like that works and there are far more winners. We see it on Youtube working great, daily.

Which all could likely be remedied as per proposal. Can't tell people to stop using or operating the bidbots, but the econs will find a new equilibrium that'll make curation groups more favourable, I think :)

I do see the potential there as well.

Great solution you've just proferred regarding bidbots, @nonameslefttouse.
I was a bit embarassed when the Bloomberg interviwer asked Ned Scott about how Steemit Inc. intends to solve the current problems of crappy content on the the trending page. Hopefully, most of the solutions would be considered by steem witnesses and core team members of Steemit Inc. for implementation soon.

@maryfavour.

Steemit was mentioned on the Joe Rogan Podcast as well and while watching on Youtube, I saw our trending page; along with over 1 million other viewers. We dodged a bullet that day. The content at the top was genuine and respectable. Two days before that podcast, the content was complete trash that involved members bickering and acting extremely unprofessional. Joe Rogan is a comedian and had he seen the trolling, there's no way he would have been able to resist making a few jokes.

This publicity is important. We need to get it right. We live in a time when cryptocurrency ads are being banned everywhere. One simple loophole to get around that censorship is to advertise Steemit, with no mention of cryptocurrency or any of the other wording they've deemed unfit for advertising such as "profit". That gives the STEEM blockchain another distinct advantage over all of the others; but not if people continue to fail at taking Steemit's potential seriously.

Or, the bots could require rewards be declined.
The posts still trend, the bots charge at least what they would have gotten in curation, and impact on the pool ends.

You know what? I'm done talking about it, once and for all. None of these problems are my fault. People have been offering up suggestions and solutions for over 6 months. Thousands have left since then. Their work, the visibility they gained after putting in the work for over year; it's gone. Talking is pointless.

Im there, too.
I almost packed it in last week, myself.
But then i remembered that abandoning the field of play is in their interests.
The greedy bastards win if i do that.
So, still here and as vocal as ever.

I got kicked out of two discords for my heresy of declined rewards.