RE: Do you want the platform to be friendly to dolphins and minnows? Then @smooth and @abit are not your enemy! by snowflake

View this thread on steempeak.com

Viewing a response to: @stevescoins/re-timcliff-do-you-want-the-platform-to-be-friendly-to-dolphins-and-minnows-then-smooth-and-abit-are-not-your-enemy-20170317t021123646z

· @snowflake · (edited)
> It's good for me to get an occasional whale hit, because otherwise, I will not make any return on my time investment here.

You are more likely to get a stable revenue coming from all your followers than just a few whales.
Less whale vote means more power to all your followers.

>If the community really wants to feel good about giving each other penny payouts for each others' cat pics, that's one thing.

steemit is only one site, there will be dozens of websites or more using the steem blockchain, if you want it to scale and allow everyone to participate it is absolutely necessary that people are able to send each others a few cents. There will be versions of facebook for steem where people only interact with their friends, those people should be able to send a few cents to each other without a whale upvoting them.

>but if the community wants a diverse range of topics to be addressed here, then we can not rely on the community to reward contributors whose work does not interest or even offends the majority.

What interest the majority is what is voted for by the majority.   What you describe is actually the old system where whale get to chose what the majority like.

>But I have always disliked group punishment, which is what this is.

Then why have you not been more vocal about the majority having no say in the platform, this is the biggest punishement of all. Or why didn't you speak up about whales autovoting a minority of authors while leaving the rest ignored? This is also a big punishment.

>or are we looking forward to a time when whales aren't allowed to use their investment for their own interest AT ALL?

Whales can use their investment for their own interest, just look at smooth and abit they are doing just that and smooth is up 50k usd today ! 

>Thanks for the $10,000... Mr. Investor...I hope you enjoy the same ROI that the guy that invested $100 makes

Someone with $10,000 makes a lot more curation than someone with $ 100

>If no one invests big money, we stay at a low market cap (Stephen Kendal addressed the dangers of that a few days ago)

People will start to invest money when they see value in it, like i said blockchain have only values if they empower people, if they reproduced the same old power structure model than we already have then a blockchain is worthless.
Curation is hardly an incentive for investors, curation earns you 20% annum, this is chump change for investors, they want 10-1000x return.

>The hope for minnows and dolphins is to contribute enough content to earn whale votes and eventually whale Steem Power

Minnows will never be able to be a whale by just posting, some users have been here for months, engaging and posting a lot and they were still not able to give 1 cents with their vote.
properties (22)
post_id2,165,958
authorsnowflake
permlinkre-stevescoins-re-timcliff-do-you-want-the-platform-to-be-friendly-to-dolphins-and-minnows-then-smooth-and-abit-are-not-your-enemy-20170317t031556798z
categoryexperiment
json_metadata"{"app": "steemit/0.1", "tags": ["experiment"]}"
created2017-03-17 03:15:57
last_update2017-03-17 03:20:12
depth2
children1
net_rshares0
last_payout2017-04-17 02:39:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length2,771
author_reputation33,282,981,394,546
root_title"Do you want the platform to be friendly to dolphins and minnows? Then @smooth and @abit are not your enemy!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@stevescoins ·
>Then why have you not been more vocal about the majority having no say in the platform, this is the biggest punishement of all. 

because individuals rewarded other individuals based upon personal value of contribution and  level of Steem Power (contribution to the platform), which is exactly what I took from the white paper.

having to cater to the majority when I have less than favorable viewpoints to the majority does not work for me (not just on Steemit, either)

I have no clue where people get the idea that mediocrity and conformity are worthy of reward, and that any other rewards for any other effort must be restricted based on the approval of the mundane.  *there is nothing **wrong** with the average, btw, but I don't see it as the greatest judge of value*

So the majority *wants* a community where they pass each other a few cents here and there?  the majority *doesn't* want a shot at the gold ring with every post?  


The community will lose original and creative contributors that way.  those people will seek other venues.

I won't discount that such a community could draw in investors; PT Barnum had some things right, after all.

It's just not the vision I took when I started here.

I get there is systemic abuse by some whales - I get that abuse is compounded by bots.  some of those points were addressed by Tim upthread.  there are methods of potentially dealing with that, and flattening the reward curve seems the most promising.  

the question for me is *how much* commitment to the platform does a user have to put in before their vote counts.  there are different ways to commit:
+ monetary investment (objective standard, but opens the platform up to the abuses we have seen)
+ quality posting (subjective valuation, especially for material the majority is hostile to)
+ time put in (both commenting and blogging, but again subjective in value)

We could look at some *objective* standards to measure posting by - length, references provided - but again, the problem is that the overall value is still *subjective* (not to mention that any standardized system can be gamed).  What that means is that the only objective measure of value to the platform I see is Steem Power...which can be bought.

So this is the question:  ***who determines how the reward pool is divvied up?***
+ People who have made an objective contribution to the platform and the currency?
+ The majority of people who have unequal levels of contribution to the platform

I want to return to the statement I made
>If the community really wants to feel good about giving each other penny payouts for each others' cat pics

that is a pejorative statement of course, made in anger.  some people *do* like looking at these and find value in these exchanges.  there is nothing wrong with that.

but if we make the standard of reward based upon the community of catlovers (metaphor alert), we are going to lose passion, contrarian view, and originality.

thanks for the response
properties (22)
post_id2,169,372
authorstevescoins
permlinkre-snowflake-re-stevescoins-re-timcliff-do-you-want-the-platform-to-be-friendly-to-dolphins-and-minnows-then-smooth-and-abit-are-not-your-enemy-20170317t150342024z
categoryexperiment
json_metadata"{"app": "steemit/0.1", "tags": ["experiment"]}"
created2017-03-17 15:03:45
last_update2017-03-17 15:03:45
depth3
children0
net_rshares0
last_payout2017-04-17 02:39:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length2,983
author_reputation73,941,607,658,612
root_title"Do you want the platform to be friendly to dolphins and minnows? Then @smooth and @abit are not your enemy!"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000