The Major Steemit Problem by beat-the-bookies

steemit · @beat-the-bookies · Jun 12 '18 (edited)

$3.02

The Major Steemit Problem

---
>... or the missing middle class.
---

<br>

Somehow, I've stumbled again on the [post](https://steemit.com/steem/@tarazkp/are-you-a-steem-1-percenter-do-you-know-who-is) that @tarazkp wrote a few weeks ago. 

This time, the numbers that @abh12345 produced for it captured my attention so I've decided to create a totally scientific pie chart that tells no lies and shows us exactly what is the major problem this platform has. Can you guess it?

<center>![spc.png](https://ipfs.busy.org/ipfs/QmYaUUeRQiCYrToSFspPWHS9fDbUWK2RJzbzhHQkSziUJ9)
</center>

<br>
No?

Take a closer look then:

<center>![tkpabh.png](https://ipfs.busy.org/ipfs/QmSQTmoweUcS18jkmekekLhH4VJJpfStzJYJyPnQwDbNJ9)
<br>[*(source)*](https://steemit.com/steem/@tarazkp/are-you-a-steem-1-percenter-do-you-know-who-is)</center>

<br>

There's no way in hell that the small number of those that have 10k SP + can manually curate the content on this platform and it shows. 

There's an invisible steemit out there, a place where the content is being created and not rewarded and it is rather obvious to me why that's happening: 

**The middle class is almost non-existent.**


How to solve this problem? Should it be solved at all?


<br>

---

*Note for those that don't know me, I'm not bitching and moaning here. In fact, I'm happy with my steemit experience. I'm almost a poster child that this platform works.*

---

properties (22)

`post_id`	52,771,453
`author`	beat-the-bookies
`permlink`	the-major-steemit-problem
`category`	steemit
`json_metadata`	"{"community": "busy", "users": ["tarazkp", "abh12345"], "tags": ["steemit", "busy"], "app": "steemit/0.1", "image": ["https://ipfs.busy.org/ipfs/QmYaUUeRQiCYrToSFspPWHS9fDbUWK2RJzbzhHQkSziUJ9"], "links": ["https://steemit.com/steem/@tarazkp/are-you-a-steem-1-percenter-do-you-know-who-is"], "format": "markdown"}"
`created`	2018-06-12 18:01:06
`last_update`	2018-06-12 20:43:27
`depth`	0
`children`	25
`net_rshares`	0
`last_payout`	2018-06-19 18:01:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	2.359 SBD
`curator_payout_value`	0.662 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	1,388
`author_reputation`	19,952,623,149,688
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@fullcoverbetting · Jun 12 '18

$0.02

You woman 😂
Seriously this is a difficult question to answers. I did read these posts but haven’t a clear answer!
But my 2 cents (the upvote was actually 4 cents):
Here we go:
- it is hard to define what the middleclass here would be. Maybe the middleclass would be from 250 to 500 SP. I myself own just a little bit more than 300 SP, which should be the middle class! It about place 13000 in the rankings!
- what would the middle class do? Lots of people of fishing in the same pool to catch minnow, whale or dolphin upvote. They are upvoting their posts to get noticed, which is just wasting steempower. And what baffles me is that they just neglect other red fishes and don’t upvote each others posts!

We have to face it that there are a lot of us money hungry piranhas here. We see them all day and even within our own discord group!

Cheers,
Peter

properties (22)

`post_id`	52,775,638
`author`	fullcoverbetting
`permlink`	re-beat-the-bookies-the-major-steemit-problem-20180612t184242158z
`category`	steemit
`json_metadata`	"{"community": "busy", "tags": ["steemit"], "app": "busy/2.4.0"}"
`created`	2018-06-12 18:42:42
`last_update`	2018-06-12 18:42:42
`depth`	1
`children`	7
`net_rshares`	0
`last_payout`	2018-06-19 18:42:42
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.017 SBD
`curator_payout_value`	0.004 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	853
`author_reputation`	95,255,242,917,677
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@beat-the-bookies · Jun 12 '18 (edited)

$0.02

Thanks for your 6 cents 😂

> what would the middle class do?

Support the small fish and get the support from the whales in return. 

It's much easier for the whales to support a number of dolphins than to support a ton of minnows. A sort of *trickle-down* arrangement.

A numerous middle class would be interested in many things. Almost all niches would have a sizable number of those in the middle class to support it. 

IMHO, the dolphins are the middle class. We need more of them.

properties (22)

`post_id`	52,777,370
`author`	beat-the-bookies
`permlink`	re-fullcoverbetting-re-beat-the-bookies-the-major-steemit-problem-20180612t190108331z
`category`	steemit
`json_metadata`	"{"app": "steemit/0.1", "tags": ["steemit"]}"
`created`	2018-06-12 19:01:09
`last_update`	2018-06-12 19:01:51
`depth`	2
`children`	6
`net_rshares`	0
`last_payout`	2018-06-19 19:01:09
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.017 SBD
`curator_payout_value`	0.004 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	485
`author_reputation`	19,952,623,149,688
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@fullcoverbetting · Jun 12 '18

Dolphins aren’t the middle class. They are just the poor upperclass 😁 Sorry don’t want to offend anyone!
Maybe the minnows are the middle class! But most of them do some whale fishing.
Only 10% of the people here do have are minnow or above. So the middle class should be between the  30 to 40% upwards to the 90% of the population!
You got lucky with the 6 cents because some delegation was revoked 😔

properties (22)

`post_id`	52,778,209
`author`	fullcoverbetting
`permlink`	re-beat-the-bookies-re-fullcoverbetting-re-beat-the-bookies-the-major-steemit-problem-20180612t190943454z
`category`	steemit
`json_metadata`	"{"app": "steemit/0.1", "tags": ["steemit"]}"
`created`	2018-06-12 19:09:42
`last_update`	2018-06-12 19:09:42
`depth`	3
`children`	5
`net_rshares`	0
`last_payout`	2018-06-19 19:09:42
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	401
`author_reputation`	95,255,242,917,677
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

5 replies

@jplaughing · Jun 12 '18

Let me share with you a little secret.
If you invest $500 in SIM cards, and register with Steemit all of them.
Then, you remove 0.400 SP from all those accounts and give to one main account.
That way you get One "middle class" account, and a bunch of accounts with 0.100 SP [+14.900SP delegated from Steemit] which have the same vote weight as an account with 15.000 SP. So basically you can have a bunch of "free" upvotes on the content your strong in SP main account make. 
Your investment effectively returns in just couple weeks, as you basically build a whale in no time. 
Most of this kind of activity is controlled by bots, therefore there's never loss in revenue. You basically don't need to maintain any of the 100's of account manually.
Only the main account matters.

properties (22)

`post_id`	52,780,884
`author`	jplaughing
`permlink`	re-beat-the-bookies-the-major-steemit-problem-20180612t193649789z
`category`	steemit
`json_metadata`	"{"app": "busy/2.4.0", "community": "busy", "tags": ["steemit"]}"
`created`	2018-06-12 19:36:57
`last_update`	2018-06-12 19:36:57
`depth`	1
`children`	6
`net_rshares`	0
`last_payout`	2018-06-19 19:36:57
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	777
`author_reputation`	7,451,131,400,254
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@beat-the-bookies · Jun 12 '18

>Only the main account matters.

How about being a good citizen of the platform? Does that matter at all?

properties (22)

`post_id`	52,781,352
`author`	beat-the-bookies
`permlink`	re-jplaughing-re-beat-the-bookies-the-major-steemit-problem-20180612t194158171z
`category`	steemit
`json_metadata`	"{"app": "steemit/0.1", "tags": ["steemit"]}"
`created`	2018-06-12 19:41:57
`last_update`	2018-06-12 19:41:57
`depth`	2
`children`	5
`net_rshares`	0
`last_payout`	2018-06-19 19:41:57
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	105
`author_reputation`	19,952,623,149,688
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@jplaughing · Jun 12 '18

I only provide an explenation for the number of small accounts. 
Most of them are sock puppets.

properties (22)

`post_id`	52,782,689
`author`	jplaughing
`permlink`	re-beat-the-bookies-re-jplaughing-re-beat-the-bookies-the-major-steemit-problem-20180612t195733862z
`category`	steemit
`json_metadata`	"{"app": "busy/2.4.0", "community": "busy", "tags": ["steemit"]}"
`created`	2018-06-12 19:57:39
`last_update`	2018-06-12 19:57:39
`depth`	3
`children`	4
`net_rshares`	0
`last_payout`	2018-06-19 19:57:39
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	95
`author_reputation`	7,451,131,400,254
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

4 replies

@nealmcspadden · Jun 12 '18

It's pretty simple: buy it.

If you believe in the future of STEEM, you should have a stake in it by staking your cash.

properties (22)

`post_id`	52,786,519
`author`	nealmcspadden
`permlink`	re-beat-the-bookies-the-major-steemit-problem-20180612t204148898z
`category`	steemit
`json_metadata`	"{"app": "steemit/0.1", "tags": ["steemit"]}"
`created`	2018-06-12 20:41:48
`last_update`	2018-06-12 20:41:48
`depth`	1
`children`	3
`net_rshares`	0
`last_payout`	2018-06-19 20:41:48
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	119
`author_reputation`	92,849,116,967,026
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@beat-the-bookies · Jun 12 '18

>It's pretty simple: buy it.

What if I don't have enough cash to buy 5k STEEM?

Even if I had the means to do it, the problem remains until at least a few thousands of people buy 5k+ as well.

properties (22)

`post_id`	52,787,571
`author`	beat-the-bookies
`permlink`	re-nealmcspadden-re-beat-the-bookies-the-major-steemit-problem-20180612t205423437z
`category`	steemit
`json_metadata`	"{"app": "steemit/0.1", "tags": ["steemit"]}"
`created`	2018-06-12 20:54:24
`last_update`	2018-06-12 20:54:24
`depth`	2
`children`	2
`net_rshares`	0
`last_payout`	2018-06-19 20:54:24
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	192
`author_reputation`	19,952,623,149,688
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@nealmcspadden · Jun 12 '18

Like anything else you work up to it.

But you're right that if nobody else does it then it doesn't matter much for the long term health of the platform. People who come to steem and think they will get something for nothing become disillusioned pretty quickly. The minnows and redfish need to be convinced that investing in STEEM is worthwhile.

What boggles my mind is the complete lack of comprehension on the math of STEEM. I guess crypto-geeks are spoiled by 10,000% m00n shots to see the value in steady 20-30% returns compounded weekly. STEEM beats the crap out of traditional financial market returns.

properties (22)

`post_id`	52,788,782
`author`	nealmcspadden
`permlink`	re-beat-the-bookies-re-nealmcspadden-re-beat-the-bookies-the-major-steemit-problem-20180612t210730271z
`category`	steemit
`json_metadata`	"{"app": "steemit/0.1", "tags": ["steemit"]}"
`created`	2018-06-12 21:07:30
`last_update`	2018-06-12 21:07:30
`depth`	3
`children`	1
`net_rshares`	0
`last_payout`	2018-06-19 21:07:30
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	609
`author_reputation`	92,849,116,967,026
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

1 reply

@numpypython · Jun 12 '18

$0.47

Curation has been a problem and you're right... without a sizable middle class, it won't happen. I think there have been a couple of delegation initiatives, with some working out better than others. I think the fulltimegeek one was a good one. 

Fastest way to build up steem power is to become a developer on the platform. It's quite a good option... worth exploring.

properties (22)

`post_id`	52,798,867
`author`	numpypython
`permlink`	re-beat-the-bookies-the-major-steemit-problem-20180612t230814480z
`category`	steemit
`json_metadata`	"{"app": "steemit/0.1", "tags": ["steemit"]}"
`created`	2018-06-12 23:08:24
`last_update`	2018-06-12 23:08:24
`depth`	1
`children`	2
`net_rshares`	0
`last_payout`	2018-06-19 23:08:24
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.351 SBD
`curator_payout_value`	0.116 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	368
`author_reputation`	49,481,680,921,551
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@beat-the-bookies · Jun 13 '18

$0.03

With 5k steemians that have 10k - 50k SP the whole dynamic would change. 

>Fastest way to build up steem power is to become a developer on the platform. It's quite a good option... worth exploring.

Time permitting, I will be explored 😃

properties (22)

`post_id`	52,839,401
`author`	beat-the-bookies
`permlink`	re-numpypython-re-beat-the-bookies-the-major-steemit-problem-20180613t081707338z
`category`	steemit
`json_metadata`	"{"app": "steemit/0.1", "tags": ["steemit"]}"
`created`	2018-06-13 08:17:06
`last_update`	2018-06-13 08:17:06
`depth`	2
`children`	1
`net_rshares`	0
`last_payout`	2018-06-20 08:17:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.027 SBD
`curator_payout_value`	0.003 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	237
`author_reputation`	19,952,623,149,688
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@numpypython · Jun 13 '18

Yeah, with your coding skills i think it will go very well.

properties (22)

`post_id`	52,840,666
`author`	numpypython
`permlink`	re-beat-the-bookies-re-numpypython-re-beat-the-bookies-the-major-steemit-problem-20180613t083308617z
`category`	steemit
`json_metadata`	"{"app": "steemit/0.1", "tags": ["steemit"]}"
`created`	2018-06-13 08:33:18
`last_update`	2018-06-13 08:33:18
`depth`	3
`children`	0
`net_rshares`	0
`last_payout`	2018-06-20 08:33:18
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	59
`author_reputation`	49,481,680,921,551
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@minnowsupport · Jun 13 '18

<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by beat-the-bookies from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows.  Please find us at the <a href="https://discord.gg/HYj4yvw"> Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p> <p>If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=102530.639667%20VESTS">50SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=205303.639667%20VESTS">100SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=514303.639667%20VESTS">250SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=1025303.639667%20VESTS">500SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=2053030.639667%20VESTS">1000SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=10253030.639667%20VESTS">5000SP</a>. <br><strong>Be sure to leave at least 50SP undelegated on your account.</strong></p>

properties (22)

`post_id`	52,827,719
`author`	minnowsupport
`permlink`	re-the-major-steemit-problem-20180613t054254z
`category`	steemit
`json_metadata`	"{"app": "beem/0.19.23"}"
`created`	2018-06-13 05:42:54
`last_update`	2018-06-13 05:42:54
`depth`	1
`children`	0
`net_rshares`	0
`last_payout`	2018-06-20 05:42:54
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	1,712
`author_reputation`	104,981,098,086,561
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@steemhq · Jun 13 '18

re-beat-the-bookies-the-major-steemit-problem-20180613t151157366z

![YOU JUST GOT UPVOTED](https://www.steemhq.com/CommunityBotUpvote.png)

**Congratulations,**
you just received a 30.83% upvote from @steemhq - Community Bot!

***Wanna join and receive free upvotes yourself?***
Vote for `steemhq.witness` on [Steemit](https://steemit.com/~witnesses) or directly on [SteemConnect](https://steemconnect.com/sign/account-witness-vote?witness=steemhq.witness&approve=1 "This link will take you away from steemit.com") and join the [Community Witness](https://www.steemhq.com/witness).
![](https://steemitimages.com/0x0/https://www.steemhq.com/steemhq_voting.gif)

This service was brought to you by [SteemHQ.com](https://www.steemhq.com)

properties (22)

`post_id`	52,877,953
`author`	steemhq
`permlink`	re-beat-the-bookies-the-major-steemit-problem-20180613t151157366z
`category`	steemit
`json_metadata`	"{"app": "communitybot/1.1.0"}"
`created`	2018-06-13 15:11:57
`last_update`	2018-06-13 15:11:57
`depth`	1
`children`	0
`net_rshares`	0
`last_payout`	2018-06-20 15:11:57
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	667
`author_reputation`	4,222,362,886,512
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000

@nationall · Jun 14 '18

There are new members offering good topics
But they get nothing and they stop

properties (22)

`post_id`	52,962,518
`author`	nationall
`permlink`	re-beat-the-bookies-the-major-steemit-problem-20180614t074947555z
`category`	steemit
`json_metadata`	"{"app": "steemit/0.1", "tags": ["steemit"]}"
`created`	2018-06-14 07:50:00
`last_update`	2018-06-14 07:50:00
`depth`	1
`children`	0
`net_rshares`	0
`last_payout`	2018-06-21 07:50:00
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 SBD
`curator_payout_value`	0.000 SBD
`pending_payout_value`	0.000 SBD
`promoted`	0.000 SBD
`body_length`	77
`author_reputation`	2,610,157,215,682
`root_title`	"The Major Steemit Problem"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
`percent_steem_dollars`	10,000