Changing payout structure from 75/25 to 25/75 will fix all problems. Steem price will go up. 1SBD will = 1USD. People will curate manually. Bid bots won't be profitable but investors will stay on blockchain and gain more
... And minnows will earn less then nothing while the investors will become richer then ever.
Those that delegated all their SP to bots wont be bothered at all with rewarding quality or digging through pages and pages of posts, they already once took the easy road, and you expect them not to take it again?
Theyl just upvote themselves or another account with high SP and consistently high payouts...
Congratz Steem is dead within months.
Changing the payout structure is a really bad idea. It would incentivize more spam, since a great post you make cant earn anything in that system. Therr just isnt enough large accounts to spread any of their VP around and most of those that have SP to influence something dont have any kind of altruistic need to help out others or care if this platform fails or suceeds. If they did they wouldnt delegate all their SP to bots.
People think @freedom is the only one that is like that but the majority of whales simply dont care. That wont change one bit if you change the 75/25 to 25/75
Only if people shift their focus from EXPLOITATION to SERVICE i.e. working for the Wellbeing of Humanity instead of ONLY being concerned about individual WELLBEING then only will something worthwhile happen on this PLATFORM.
Otherwise, there's NOTHING stopping them from delegating BIG chunks of STEEMPOWER to bid bots and powering themselves up and blah, blah, blah .... .
So everyone here HAS to take RESPONSIBILITY ( as much as possible ) and shift their focus from EXPLOITATION to SERVICE i.e. working for the Wellbeing of Humanity instead of ONLY being concerned about individual WELLBEING. Then only will something worthwhile happen on this PLATFORM.
$10 by 2019? Weve already been to $8 in january of this year 2018! I see $100 steem, by 2019!
Here is the inflation rate for ne4xt ten years thanks to @banjo by @inertia in steemspeak.com
Year
Supply
Inflation
New Supply
2016
250,000,000
9.50%
23,750,000
2017
273,750,000
9.08%
24,854,398
2018
298,604,398
8.66%
25,854,554
2019
324,458,952
8.24%
26,727,942
2020
351,186,894
7.82%
27,452,027
2021
378,638,921
7.40%
28,004,740
2022
406,643,661
6.98%
28,364,989
2023
435,008,650
6.55%
28,513,181
2024
463,521,832
6.13%
28,431,762
2025
491,953,593
5.71%
28,105,742
hah there will never been be 1 billion steem tokens! It will be so scarce and limited! Most people will never save the steem they earn they'll power it down and sell so only the smart people will scoop up all the steem just like they did with bitcoin!
People who are curating right now are philanthropist, when you sell your votes to bot you can make 6 times more. Everyday we have more power downs then power ups, because investors are taking their profit away which is very bad for Steem price
That's very insightful. I agree entirely. There is currently almost zero incentive to seek out quality posts.
Much easier and more lucrative to delegate to bidbots. Make Curation Great Again.
Smart Media Tokens is next big thing on Crypto. Didn't we see all that gonna happened if this works really well? The Steem price will hit on the roof while 2018 is the best year for Steem because of a project like this. Now the price is $2.80 next year on the same date I wouldn't be surprised if it is $28.0. Long-lived Steem and @ned
So, I've been trying to explain this newfangled contraption to people for nearly two years. I was often met with blank stares and threats of the police being called if I didn't leave (they left the door open so I thought it was okay to just walk in and start talking).
I refuse to give up though and I'm happy to report some good news. After many failed attempts, I showed them that diagram you drew up there on the board.
It was magical. They understood almost instantaneously.
I've explained a few more things using my own diagram:
That'll be my big post for the day, I guess. I'm not sure if the guy even knows there's quite a few of us out there enjoying the place, trying to have fun. I once asked him, "Who took all the names?" That was an ask me anything post.
Not every one has a time to spend their life in different kind of chat applications such as telegrams, discords... What about to just start using YOUR platform, put updates to steemit?
There is definitely too many of these apps. I don't mean it's bad there's a diversity of them, but everybody uses one (maybe two) and it's always different than what I do xD
Hello @ned I'm just learning about Steemit and just wanted to say thankyou. What do you think about all the discord communities popping up like this one here.
Joint, interesting heard direct from you @ned sir, I tell my steemit friend in aceh to join telegram group invites direct from owner steemit. I'll to know what do you hope and what happend with steemit till right now, and its seem like do you planned? Cheers for steemit become the best one platform around the world.
Thanks @ned!! Steem and steemit is just the beginning. All new technology has its adaptation period, it has projects that will do it right, others do not. There are people who will share the essence of the project, and others will not. Here in Brazil, we still have a very large inequality, little is invested, even more at high risk, since whoever has the capital is already well supported, not having to take that risk. But with @brazilians we will follow the proposal of the whitepaper and help steemit to establish how the platform merits by its technology. This is due a lot for the work of the developers and witnesses, you are changing the world! Congratulations on your work! our community seeks to be part of this fight! and we will do it!
the beginning of the technological revolution that the blockchains will do in the technological as well as in the social environment. look how much has evolved since the beginning of the internet? Do you have a beep? windows dos ?95? startak ? The steem blockchain that is working, steemit in 2 years, with immense evolution, immense market value, would be the end of something? I prefer to believe, on a study basis, that’s the beginning. We need time, more time, more confiance! Thais is the blockchains!
I will join you. I need you to know that your site has saved my life in so many ways. I have been dieing terminal cancer and the friends I have made here keep me motivated. Not sure if you have read mine or my wife @lynncoyle1 posts. Thank you and I am forever grateful. here is what I think of steemit
Changing payout structure from 75/25 to 25/75 will fix all problems. Steem price will go up. 1SBD will = 1USD. People will curate manually. Bid bots won't be profitable but investors will stay on blockchain and gain more
... And minnows will earn less then nothing while the investors will become richer then ever.
Those that delegated all their SP to bots wont be bothered at all with rewarding quality or digging through pages and pages of posts, they already once took the easy road, and you expect them not to take it again?
Theyl just upvote themselves or another account with high SP and consistently high payouts...
Congratz Steem is dead within months.
Changing the payout structure is a really bad idea. It would incentivize more spam, since a great post you make cant earn anything in that system. Therr just isnt enough large accounts to spread any of their VP around and most of those that have SP to influence something dont have any kind of altruistic need to help out others or care if this platform fails or suceeds. If they did they wouldnt delegate all their SP to bots.
People think @freedom is the only one that is like that but the majority of whales simply dont care. That wont change one bit if you change the 75/25 to 25/75
Only if people shift their focus from EXPLOITATION to SERVICE i.e. working for the Wellbeing of Humanity instead of ONLY being concerned about individual WELLBEING then only will something worthwhile happen on this PLATFORM.
Otherwise, there's NOTHING stopping them from delegating BIG chunks of STEEMPOWER to bid bots and powering themselves up and blah, blah, blah .... .
So everyone here HAS to take RESPONSIBILITY ( as much as possible ) and shift their focus from EXPLOITATION to SERVICE i.e. working for the Wellbeing of Humanity instead of ONLY being concerned about individual WELLBEING. Then only will something worthwhile happen on this PLATFORM.
@mmmmkkkk311
Nothing will fix all problems, there are alway two sides of a coin.
I believe Steem will go to 10 USD 2018/2019 if SMT works.
@resteem.bot
$10 by 2019? Weve already been to $8 in january of this year 2018! I see $100 steem, by 2019!
Here is the inflation rate for ne4xt ten years thanks to @banjo by @inertia in steemspeak.com
hah there will never been be 1 billion steem tokens! It will be so scarce and limited! Most people will never save the steem they earn they'll power it down and sell so only the smart people will scoop up all the steem just like they did with bitcoin!
we got the power!
I don't know more about the universe.
So the content creators get less than the curators? Sounds a bit much like Youtube where the platform (youtube) Gets the majority of the flow.
People who are curating right now are philanthropist, when you sell your votes to bot you can make 6 times more. Everyday we have more power downs then power ups, because investors are taking their profit away which is very bad for Steem price
which is good for the rest
I understand, but I wasnt talking about bots.
That's very insightful. I agree entirely. There is currently almost zero incentive to seek out quality posts.
Much easier and more lucrative to delegate to bidbots. Make Curation Great Again.
Smart Media Tokens is next big thing on Crypto. Didn't we see all that gonna happened if this works really well? The Steem price will hit on the roof while 2018 is the best year for Steem because of a project like this. Now the price is $2.80 next year on the same date I wouldn't be surprised if it is $28.0. Long-lived Steem and @ned
More like $35 sometime this year.
Damn, hook me up with your crystal ball!!! What about BTC? 😜
Not trying to be a dick - just a smartass 💩I wouldn't mind a $35 Steem valuation this year.
So, I've been trying to explain this newfangled contraption to people for nearly two years. I was often met with blank stares and threats of the police being called if I didn't leave (they left the door open so I thought it was okay to just walk in and start talking).
I refuse to give up though and I'm happy to report some good news. After many failed attempts, I showed them that diagram you drew up there on the board.
It was magical. They understood almost instantaneously.
I've explained a few more things using my own diagram:
And I expect to see them here within a week.
Good job, team!
P.S. I'm joking. Keep up the good work.
@nonameslefttouse
Did I hear "lunch"?
@resteem.bot
@nonameslefttouse
The diagram shows how Steemit works.
Steem in the middle with the witness nodes. DTube outside based on Steem.
The lines are the cash flow.
SMT are not to see, they would build a new circle outside Steem. A sidechain.
I'm not sure but I think the sidechain needs thier own nodes.
@resteem.bot
Yes. I know.
LMAO
F&*king hilarious! LOL!!
That'll be my big post for the day, I guess. I'm not sure if the guy even knows there's quite a few of us out there enjoying the place, trying to have fun. I once asked him, "Who took all the names?" That was an ask me anything post.
Not every one has a time to spend their life in different kind of chat applications such as telegrams, discords... What about to just start using YOUR platform, put updates to steemit?
There is definitely too many of these apps. I don't mean it's bad there's a diversity of them, but everybody uses one (maybe two) and it's always different than what I do xD
@ned, thanks for all you are doing. Shall check out the telegram.
Is Telegram not controlled by Facebook?
Why Telegram when you have discord and steemit.chat?
Not to mention steemit itself.
I joined. Hope to see you on there again soon.
You're not on discord?
Thanks for sharing @ned, i just joined the group.
Why Telegram, when we have a great social platform built on STEEM?
I joined am @lovelymkylie.
how bout some more info about the super linear voteing curve...on steemit.
I don't do chat much
You look like you're more of a let's get down to business type of guy
you are awesome sir @ned , you change lives of people
Thanks for this channel,iam waiting for something like this from you.
You are doing a wonderful job, my friend
I wish you all the best
See you there right away
We are in. SMT will be the next big thing. There can be so many new projekts, like #appics.
@resteem.bot
Hello @ned I'm just learning about Steemit and just wanted to say thankyou. What do you think about all the discord communities popping up like this one here.
Λέεγε ρε Νένταρε
Thanks, I'm in now
We love you @ned thanks for everything.
You are changing our lives
Hi @ned ! Thank you very much for the link. Will follow you for sure! Steemit is the Power, Future is already in!
I think it is time for me to get the Telegram! Haven't had any use of it before.
good to know the CEO of steemit can be reached easily, you are really doing a great job sir.
I just cant wait! Finally I get to discuss with @ned
Thanks for the channel, would be great to follow the SMT updates there.
From Sevilla thank you for sharing dear @ned
@avellana
Great chart
I remembered a succinct article sequel to your chart on SMT on the telegram group.
Awesome!!!
Apparently, this is gonna be a bang!!!
Be here boss i join from Venezuela
Join
Joint, interesting heard direct from you @ned sir, I tell my steemit friend in aceh to join telegram group invites direct from owner steemit. I'll to know what do you hope and what happend with steemit till right now, and its seem like do you planned? Cheers for steemit become the best one platform around the world.
Hey @ned, big hug from Brazil!
How come that you are active after so much time, greatest boss?
Nice, joined. Thanks for the invite, hope to chat with ya’ll there!
@ned why dont you join steem.chat for the benefit of the community
Do I get paid STEEM on Telegram?
offcourse not...
what do I get paid in?
will you vote my stuff if I do?
Thanks @ned!! Steem and steemit is just the beginning. All new technology has its adaptation period, it has projects that will do it right, others do not. There are people who will share the essence of the project, and others will not. Here in Brazil, we still have a very large inequality, little is invested, even more at high risk, since whoever has the capital is already well supported, not having to take that risk. But with @brazilians we will follow the proposal of the whitepaper and help steemit to establish how the platform merits by its technology. This is due a lot for the work of the developers and witnesses, you are changing the world! Congratulations on your work! our community seeks to be part of this fight! and we will do it!
if steem is beinnin so what next will be next so hot? i feel personally that we have more value pn steemit then it should be.
the beginning of the technological revolution that the blockchains will do in the technological as well as in the social environment. look how much has evolved since the beginning of the internet? Do you have a beep? windows dos ?95? startak ? The steem blockchain that is working, steemit in 2 years, with immense evolution, immense market value, would be the end of something? I prefer to believe, on a study basis, that’s the beginning. We need time, more time, more confiance! Thais is the blockchains!
I imagined, without internet nothing would happen.
It's a great honor to be able to communicate with you.
thanks, keep it up, you really make a change
joined! SMT 가즈아! 👍
I will join you. I need you to know that your site has saved my life in so many ways. I have been dieing terminal cancer and the friends I have made here keep me motivated. Not sure if you have read mine or my wife @lynncoyle1 posts. Thank you and I am forever grateful. here is what I think of steemit
https://steemit.com/steem/@briancourteau/what-steemit-means-to-me-and-has-given-me-while-i-fight-death
Okay I'll join here
Hey @ned thank you so much for making steemit. Love from India
ned gave a great talk about steemit and was well spoken. I can see steem going in a positive direction this year.
Gladly!.
@ned look at this fantastic project "Steem pay" by @asbear. If u think its nice plz support it.
https://steemit.com/utopian-io/@asbear/steempay-0-3-0-release-supporting-seven-more-currencies-usd-eur-gbp-jpy-cny-php-myr
GoGo! Steem