Vote for this simple change to the UI & Take the dollar a vote pledge! by williambanks

View this thread on steempeak.com
· @williambanks · (edited)
$52.64
Vote for this simple change to the UI & Take the dollar a vote pledge!
https://s-media-cache-ak0.pinimg.com/originals/56/05/95/560595757946768c9f943f50a482e26b.png
The power of this platform comes from the fact that we can help others while helping ourselves at the same time.

It's been my dream since I got here to be like @smooth, @dan, @ned , @blocktrades , @berniesanders etc and be able to simply hit a button and hand out $100 whenever I felt like.  I mean think about it, that's about $2,000 each day you can just give to whatever you feel like.  

As a result of this desire, I have been promoting the platform far and wide. Literally going to a different country to bring on new business, in order to expand the whole ecosystem.  Because what good is $100 if you can't spend it anywhere? 

But despite my SP climbing to 5,000 my own upvote power has been stuck at about $0.01 for a long time now and I've been trying to sort out why that is.  Today I looked and realized I had been on power down for awhile now.  I don't recall doing that, but I'm turning it off now!

I'm not against buying steem on the open market, but I do worry because it is designed to flood the market rapidly and push the price down in order to encourage companies to buy it to become whales.  While it might be a good strategy for a company with an advertising budget, I don't have the cash to buy large amounts of steem.  Yet I still want to be able to earn my way to the whale list.

A few days ago, we got a new option...
A little unassuming checkbox on each post that says...
"Pay me 100% in Steem Power", I had basically ignored it until I sat down and did the math.
Had I been paid 100% in SP this whole time, I would have about 25,000 SP by my math.
This means I'd be a dolphin right now!

This is over 5x what I have right now.  It also means that my upvotes would be worth at least 5x as much.  But that's the naive view.  The reality is that compounding effects would make that closer to 10x.  So my napkin math is telling me each vote would already be worth $1.00 and going just a year like this would mean each vote would be worth $10.00.   In two years it could easily be as much as $100.00 just assuming current growth rates.

So starting now I'm taking a pledge.  

All of my general interest posts, will be paid in 100% Steem Power, starting with this one.  
I'm encouraging you to take the pledge too... 
Unless you really need the money right now just select for 100% SP and watch your voting power increase so you can bless the lives of others.

In the meantime I've opened an issue up on Github to tick that little bugger by default.  
https://github.com/steemit/steemit.com/issues/358

Doing so will drive up the price of steem and SBD.  This is much healthier for the steem ecosystem and it will cause the minnows to compound their voting power much, much quicker!  I'd like to see every minnow be a whale in 2 years or less.

There is also an open issue by @roadscape to highlight posts which are 100% SP, that issue is here
https://github.com/steemit/steemit.com/issues/261

I encourage you to go to github and give feedback on these issues so they know this is important to us as a community.

_**update:**_ Evidently I'm not alone in this.  @deanliu had a similar idea, the major difference being I opened the issue on github first.  But here is his post, evidently he did have the idea before I did.  
https://steemit.com/steemit/@deanliu/100-sp-might-be-a-good-payout-option-now-100-sp
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vote details (248)
@imthejckl ·
$0.05
I am a little divided on whether it should be enabled by default, I think maybe for new users it would be great? 

Don't get me wrong I like the concept, however I think it would probably catch current users out if the switch was to be made after joining.
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vote details (4)
@williambanks ·
Fair enough, it should probably be something configured on the account level.
👍  
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vote details (1)
@smooth ·
> my own upvote power has been stuck at about $0.01 for a long time now and I've been trying to sort out why that is.

Part of the reason is the declining STEEM price. You have been building up SP and increasing your vote value _in STEEM_ but that has been offset by a declining USD/STEEM rate.

My own votes _used to be_ worth >$100 but now more like $40 (assuming no other votes on the post).
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vote details (3)
@williambanks ·
Thank you, I never saw it from that angle.  And you are someone who has blessed my life and the lives of so many others too, so I mean it when I say thank you, I really appreciate it.

Part of the reason for the declining price of steem though, is the dumping that has to go on by @steemit which I can understand.  But I still think it might help the price if we just defaulted to SP only and if we want to get paid that day, then uncheck the little box.  It would certainly compound the SP for everyone who takes the pledge and if enough of us did, it would probably stabilize the price considerably.
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@dgiors ·
I've had it in mind to put some of my posts to be paid 100% Steempower but I've forgotten to check it every time. I get so invested in creating my post it really becomes an afterthought.
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@williambanks ·
Yeah that's exactly why I opened the issue.  Would you mind heading over to github and leaving this comment there as well?
https://github.com/steemit/steemit.com/issues/358
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@dgiors ·
$0.15
What I said above is a true experience but I think for most people starting out they would view the behavior as somewhat "scammy" if 100% payout were locked in by default. It's something they will be unfamiliar with until they go into more depth about the platform. I actually think it would be a poor move.
However a user setting that would toggle your default 100% steempower on/off *with the default set to off initially* would have my support.
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vote details (5)
@rubellitefae ·
Me, too. Every. Single. Time.
👍  
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vote details (1)
@steempowerwhale · (edited)
I have the same dream. I just thought I keep the Steem Dollar and change those when the price of steem is down and buy lots of steem then to Power Up.
How did you do your math?
According to Steem Dollar: http://www.steemdollar.com/dollar_per_vote.php?name=williambanks
you should have a voting power of 0.26 $
👍  
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@williambanks · (edited)
>How did you do your math?

On the back of a napkin while sitting in a bar in Tijuana.  
I took an average SBD to steem price since the day I got here then added up my steem then took the total of all posts and converted to steem.

There is something very off about that calculator link, but it's nice wishful thinking.  @wiser actually made a post about it awhile back asking the same question.  I think it's using the ATH on steem price.
👍  
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vote details (1)
@pfunk ·
I left a comment on the issue.
👍  
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vote details (1)
@williambanks ·
Thanks, I see it.  Maybe it should be per account with a per post override option.
Point is that for most folks it really should be default on if we want them to power up as quickly as possible and also stabilize the price of steem.
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@freshfund ·
My upvote just gave you $2 but that cant be possible? i'm minnow food
👍  
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vote details (1)
@williambanks ·
You probably voted at the same time as someone else.  I nearly fainted one time when I thought my vote had given someone $200.  Turned out it @ned @smooth @berniesanders and @dan all upvoting in the time it took me to hit the button.  It happens that way sometimes, but doesn't it feel good when you see someone suddenly hit like that?
👍  
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@freshfund ·
I thought i did some good there for a second lol
👍  
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@smooth ·
Most likely someone else voted at the same time.
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vote details (3)
@karenb54 · (edited)
$0.21
I'm saving up for a mobility scooter  once I hit my target Ill be powering up.  Good luck hope you get to where you want to be soon :)
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vote details (5)
@williambanks ·
Thank you so much!
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@karenb54 ·
Your welcome :)
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@liondani · (edited)
$0.23
It would be awesome if it would be easy identified from the curators which posts have activated the **"Pay me 100%  in Steem Power"** option!Using for example a **logo/hallmark/stamp** next to the post title, like this for example:(right click and  click **"view*** )

http://s17.postimg.org/yb2bh3jq7/100percent_power.png
👍  , , , ,
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vote details (5)
@williambanks ·
$0.42
There's an open issue on that in github as well....
https://github.com/steemit/steemit.com/issues/261
👍  , , ,
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vote details (4)
@poeticsnake ·
I do support the 100% steempower as well. However, I would really like to keep the option to earn money that I can take out easier as well. Some people will see this platform as a way to be able to have it a little better every month  simply because some of the people here will need the money. If people will only vote for users who use the 100% power up option, the ones that need the money, are still minnows etc... will still be stuck. However, i also like the idea of it being shown so I am kinda in the mix.
👍  
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@thecryptofiend ·
I don't think that is a good idea.  

It will create discrimination for those that don't choose the option which will be quite bad PR.  

There are good reasons for people not wanting to get 100% SP which I cover in my direct comment to this post below.  

Also some people simply cannot afford to keep powering up they may need the money.

-We should not do anything that might be seen to deter such people even if it considered to be indirect psychological or social pressure (sometimes that is the most powerful kind).

Just my opinion on the matter.
👍  ,
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@williambanks ·
$0.21
Ya know I disagree with that.  For one thing, it might be wiser for people who "need the money" to actually power down and just take a weekly paycheck check.  They would get their money more consistently and reliably, plus it would reduce attrition rates if people viewed it as a long term thing like an annuity.

All that aside, it's not discrimination to highlight posts with options selected which are good for the community.  100% SP is taking on a bit of bagholder risk for the community.   It helps to dry up the excess liquidity on the market, but people have to know it's there and they have to know it's being used.  They should have SOME compensation for assuming the title of bagholder here and a badge and some preferential sorting treatment I think are ideal.

Think of it like promoted posts.  Promoted posts have their own section and sort by how much money has been burnt up to get them to that point.  People running promoted posts are being selfless since they are burning up SBD which raises the price for everyone.  They deserve their own place, the extra sorting and  the additional whale attention.  Nothing discriminatory about it at all.
👍  ,
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vote details (2)
@merej99 ·
$0.21
I just replied to you on GitHub too @liondani
I love the little badge.  I want one next to my posts :)
👍  ,
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@deanliu ·
I support the same idea of 100% SP a few days back. It IS a good option!
https://steemit.com/steemit/@deanliu/100-sp-might-be-a-good-payout-option-now-100-sp
👍  
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@williambanks ·
Wow!  I never saw that and thought I was the first one this whole time.
I'll update my post and include a reference to yours as well now.
Sorry about that!
👍  
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@deanliu ·
You are too kind and nothing to be sorry for! suggesting others to tick 100% SP is not an idea, but making it a default can be. I only post the link to support your idea. So, you are just too kind. :P
👍  
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@mrlogic ·
Nice!
I am taking the pledge and pulling a few friends in with me.
Keep on succeeding :)
👍  , , ,
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@williambanks ·
Excellent and thank you for taking the pledge!  I've upvoted and I'm following you now!
👍  
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@mrlogic ·
Thank you :)
I'm following you to and of course have already upvoted you :)
👍  
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vote details (1)
@nextgen622 ·
I totally agree with you @williambanks. The 100% steem power option is great. I've been converting some of my SBD to SP. From now on I intend to tick that box for my posts unless if I really need the money, because I believe in the future of Steemit.
👍  ,
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@williambanks ·
Awesome and thank you for that!  Welcome to the club!
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@xanoxt · (edited)
Oh, by the way, something to update your math. The fact that the steem price is low, means that if you get any significant payout, the SP part is higher. That is, say, your post shows payout to be $150 (I had a post like this recently). Now, if Steem was at $1, my SP reward would be, ~56 SP. But now, with Steem costing ~$0.5, my actual reward was 111 SP. This is great! :-D

Update: Yup, that is what @smooth is saying above. Steem payouts are up, but the price is declining, but that means, that any significantly successfull posts, are actually worth more in potentia, when the price goes up again. I suspect that is also something to help with power distribution.
👍  
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@williambanks ·
Thanks for that excellent explanation!
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@thecryptofiend ·
Yes that is correct:)
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@steemerpat ·
Why does it have to default either way? Why not force a choice, since it wouldn't take any time at all. Include something for newbies to click on for an explanation, and include the positives and negatives of both options. You can't post without putting in your tags; why not make choosing payment distribution a requirement? I remembered to check 100% Steem Power on a couple of posts and totally didn't even notice the box on others.

I could see also being able to have an account setting to default to one choice or the other, as long as it was easy for people to change it, either to the opposite choice or to have the choice each time.

I don't think people should be penalized for needing money to live. We're already penalized enough for that in the rest of the life.
👍  
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vote details (1)
@williambanks ·
Yeah we're not talking about penalizing people who need money to live.  What we're talking about is, if you don't need it to live, then you should hold it for a bit and let it build so you can do more to help others.
As for those who do need it to live, it's a simple matter to uncheck a box, especially if prompted.  If you can't be bothered to read a dialog though, then perhaps you need to consider why you are making your money here where we are all about reading and writing and understanding.
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@merej99 ·
I've seen the 100% payment in steem power but I haven't tried it out yet.  I'm nowhere near rich so I need to split the difference between powering up and converting to fiat.  That being said, I'm trying to edit my last post to change payout (if that's possible)...and make a tiny edit, but editing doesn't seem to work ATM.  ARGH!
👍  
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vote details (1)
@williambanks ·
You can't make the change once the post it up.  It's the one thing that's not editable.
Consider this though...
If you were powered up enough to give $1.00 per vote (which is all this challenge is saying), and you had an average of of 100 voters who were likewise powered up.  That would be $100 per post.
You could unselect for a post on days when you actually need the money or you could start powering down and receive a consistent weekly paycheck for the next few years whether you were active or not.
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@merej99 ·
I noticed there wasn't the option to change payment structure but I got my little edit in.
Right now I'm putting the STEEM into powering up.  I'm so close to 1000 that I can smell it.  LOL 
We're rebounding from a rough patch so I can't spare too much of the SBD but it's a blessing that I'm earning anything so it's definitely motivation to keep going and improving.  That being said, it's been so long since I've had a weekly paycheck, I'm motivated even more to thrown what I can into powering up so that weekly payout is a tidy sum.
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@merej99 ·
Whoops!  I hit the reply before I added:
### I am committing to selecting 100% SP on my evergreen and general posts.  The art ones will be my mad money.  :)
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@thecryptofiend ·
I think it depends on whether you think the Steem price will continue to fall or not.  

If you think it will continue to fall it makes sense to hold on to some SD and use it to slow down your buying and so spread your price risk - which is what I have been doing.  

Also so far I have used all of my profits to either power up, pay others for their services on Steemit, promote mine and others work etc.  

So whilst I have kept my Steemit earnings on the platform powering up is not the only way to support it.  

I think it makes sense for some but not others.  It all depends on how you intend to promote the platform.  

I find it useful to promote content I like and also commission artwork for my posts from people like @klye with the hope that others will see it and do it too.
👍  
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vote details (1)
@williambanks ·
I get what you're saying.  Keep in mind we're only talking about a change to default settings here and also a pledge that if you don't need the money that particular day, that you will tick that little box.  Powering up allows you to do much more to improve the lives of others, but right now people are missing out on the opportunity because ticking the box is an after thought.

I think it should be default on, but it should probably come with a warning label allowing people to turn it off for times they need the cash that day.
👍  
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vote details (1)
@thecryptofiend ·
I don't have a problem with having it on as default but I think it might lead to some people not remembering to change it and the usual sort of complaints.  Right now I'm looking to maximise how far any earnings I make go in the various ways which I do - including the staggered power up.  If the Steem price were to shoot up and we have a massive surge in both price and users then I probably would tick the box.  

Don't get me wrong I have never thus far taken any earnings off the platform (except for buying Steem on the exchanges if I couldn't get my orders filled internally in time) and I fully intend to keep powering up - I'm just trying to make the most of the low price.  

This is a long term investment for me too:)  Plus I love the community on here!
👍  
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vote details (1)
@linkback-bot-v0 ·
This post has been linked to from another place on Steem.


  - [Advanced Steem Metrics Report for 29th September 2016](https://steemit.com/stats/@ontofractal/advanced-steem-metrics-report-for-29th-september-2016) by @ontofractal


Learn more about [**linkback bot v0.4**](https://steemit.com/steem/@ontofractal/steem-linkback-bot-v0-4-released). Upvote if you want the bot to continue posting linkbacks for your posts. Flag if otherwise.

Built by @ontofractal
👍  
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vote details (1)
@ianstrat ·
Good points made. Must admit I forget to check as well
👍  
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