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Hanging onto Steem Power is about a lot more than wealth accumulation. It is also about the future of the steem blockchain. by dwinblood

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· @dwinblood · (edited)
$673.47
Hanging onto Steem Power is about a lot more than wealth accumulation. It is also about the future of the steem blockchain.
![](https://steemitimages.com/DQmXhwAUuVWgw5kfpyZhWAnBpaevSFvD48cymnRNvPaGPj9/image.png)
Many of you likely have noticed the steemit community, the steem blockchain, and the other projects running on top of the blockchain like busy.org, chainbb, esteem, etc are not like other social media sites on the internet.    When it comes to the discussions something magical is happening here.    How is it we can discuss things here that on other sites will usually devolve down to name calling, trolling, and general unpleasantness?

Well first though we have the ability to down vote (*aka the flag*) it generally is not used too often.    There are exceptions, but in general unless there is a really good reason to use it most people do not.    Using it for a purely opinionated reason that has nothing to do with protecting the community tends to make the person a target.    They may find themselves the target of flags after that and they tend to either change their ways or they are not part of this community for long.

There are exceptions.    There are occasionally those that have amassed a large amount of steem power that will swing their sword of opinion around and whack posts that the rest of the community may frown upon.    When challenged they will typically mention "*it is my steem power, and I can vote how I like*".   This is actually a true statement.    Though if everyone were to vote the way they do soon this community would not be the beautiful place that it is.    In fact, it'd potentially be far more hostile than any other social media community.

Why would it potentially be more hostile?   If you've ever experienced a flag here for purely subjective reasons that had nothing to do with spam, abuse, or plagiarism then it likely had a huge mental impact on you.    It likely felt like a gut punch, and for some reason it may have depressed you far more than up votes lift you.     Though it is equal to an up vote but in the opposite direction for some reason it seems to impact people far more than the up vote.    By many months of observation the reactions would seem to support this.   The person will generally act like they are attacked.    There are the exceptions who do not react as such and simply roll with it.    They do not appear to be the norm.

A key survival mechanism is to NOT fall to the temptation of verbally attacking or flagging the person back that was not particularly nice to you.    I've actually never seen this work out too well.   I've seen it result in a lot of hostility.    It is particularly dangerous to do this if your target is some massive whale.      I have challenged people doing these activities before.    We each have our own methods, and you don't have to use mine.   All I can tell you is that I was always civil.   If they called me names, or belittled me I tried really hard to not do the same.   It can sometimes be really difficult.    Yet, all I can say is I have done this several times and once my target was the 7th most powerful account on steemit at the time.    He has laid waste to many others.   He did call me names, and belittle me.    Yet I replied civil.    We kind of in an unspoken way agreed to disagree, and something magical happened.    He didn't flag me.   He didn't put me on some auto-down vote bot.    I once pointed out that the only reason I could think that he didn't flag me was because I was civil, and while it was obvious we disagreed on some things he could tell I cared about steemit and the community.   His only response to that was to reply "*He is right*".    So this is how I believe I've managed to not be decimated by a huge powerful person who has no problems swinging the down vote sword.   Perhaps my experience might help some of the rest of you.

<h1>So what does this have to do with Steem Power?</h1>
That was indeed a lengthy build up to the true intention of this post.   We love this environment.  We love the amazing conversations we have here.   We love the fact people should feel free to discuss many topics that often cannot easily be discussed anywhere else.   We love that this is decentralized, and thus difficult and potentially near impossible to take down.

With the decentralization comes an issue.   You cannot create moderators, and police to force people to behave a certain way.    Doing so tends to centralize the power somewhere, and you are giving other humans power that others do not have.   They can just as easily turn into a subjective censoring machine.    We've seen this happen with moderators at other sites.

So that means WE are the moderators and custodians of this beautiful and potentially world changing experiment.

As you interact and your steem power increases you potentially become more and more capable of helping to keep this project working like it is.    This is extremely important.     It is perhaps more important than you realize.

<h1>The floodgates have not yet opened</h1>
There has been no serious advertising attempts made for Steem and Steemit at this point.    This is by design and that will change in the near future.   When that change occurs we could potentially have millions of people flooding steemit.

They will arrive only being familiar with how facebook, reddit, etc work and they will show up here and try to use steemit like those places until they learn how things operate.    Without people like you and I who have accumulated steem power our beautiful community could devolve into something nowhere near as beautiful almost over night.    The fact that there are so many of us that have steem power that love this community and know what it is and how it works is the thing that can hopefully stop this from happening.

We will be the custodians that can shepherd the new users towards the way the community works.    We are the ones that can hopefully keep it from exploding.

If it gets as popular as I believe it likely will we eventually can have some wealthy people that might buy a lot of steem using money and power up.   They could become a big whale instantaneously and they too could start swinging the down vote sword however they want.     This could be pretty damaging.    The only thing that can help with this is those of us that have been here for a long time banding together and doing something to try to mitigate that when it happens.   Odds are this will happen at some point.    Murphy's Law tends to kick in.   This is especially true of technologically based systems like this one.    With our steem power we can hopefully minimize the damage a Murphy's Law type incident might bring with it.

On the positive side if there are people powering up to whales overnight that would quickly drive the value of steem up and thus any steem power you hold will be worth a lot more.

<h1>Ups and Downs</h1>
It is likely as with anything that the value of steem will fluctuate and go up and down.   It could some day drop back to the $0.10/steem it was a few months ago.   The key here is not to panic.    That is actually a positive time where your posts tend to earn you more and more steem power at a rapid pace.    It is also an opportunity to buy steem and power up for a lot less money.    So during those down periods there are also some positives.     For when one of the up swings comes like the one we've been in for over a month now that steem power that you got for a very low price suddenly becomes very valuable.   It has increased by over 10,000% in the last two months.

Steemit/Steem Blockchain has something other crypto currencies do not.    It holds something of value beyond simply the currency itself.   It holds our creations, and the things we have consigned to be stored in the blockchain.   For some people this may be worth more than the currency itself.    For this reason I see steem being around for a long time, and potentially due to its staying power becoming the most important crypto currency on the market.    The only true competitor at the moment as far as I'm concerned is Ethereum and that is purely due to the smart contract aspect.    Though ultimately I believe people's own creations may end up being more important to the masses than smart contracts.    It should also be noted we could also do smart contracts on the steem blockchain if people develop it.   I suspect they may.    The steem blockchain is also way faster than the Ethereum blockchain.    Thus, it is actually superior and only currently lacks the smart contract.   It should also be noted that as far as Smart Contracts that EOS is on the way an it likely will make Ethereum look like an infant when it comes to smart contracts while also providing a bridge for steem and other currencies.     The bottom line is that I don't think steem is going to go anywhere, it is more than a crypto currency.   Other than Ethereum the rest of the currencies would have trouble making this claim.

Unless there is a dramatic change, or some new crypto that does all of this better I don't see an investment into steem power and holding onto it as being particularly risky.    People talk about currencies being backed by something.   Steem is backed by our creations.   So is a piece of metal (*e.g. Gold*) worth more to you than something you created other than for a purely monetary reason?    So in reality Steem may be the only crypto out there that actually is backed by something.    It is potentially backed by the most important of things.    Our own creations, thoughts, and personalities.    This is pure genius in design.

<center>![](https://steemitimages.com/DQmP9VQdMUVR8m1RpRqRBWQUdwMdBuaNdaBz8E5QmYsyviU/image.png)</center>
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vote details (396)
@ajfsteem · (edited)
$0.34
I think this is a useful post, It's my day 2 on SteemIt and this cleared up a lot of questions I had around content quality. 

Was researching the whole day yesterday to understanding this whole thing with a whiteboard and still had a lot of questions which were cleared here. Thanks @dwinblood
👍  
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@dwinblood ·
My pleasure.   We have a lot of new people even some close to me and I could see that these were things that a lot of people were not SEEING.   This does help people get up to speed faster.
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@alchemage ·
$0.04
Great post, @dwinblood. 

I always try to explain to people just what you mentioned here as I am trying to get them to sign up.

> Steem is backed by our creations. So is a piece of metal (e.g. Gold) worth more to you than something you created other than for a purely monetary reason?

Things only have value in so much as one places their value on it. My only question would be is every entry equal in value? Is it the upvotes that determine value if not? What about posts that are better than top posts but receive no attention? Is there a way to objectify value within the blockchain?

One thing that amazes me about Steem is the speed at which everything updates/changes, especially when there is an issue. I love having been a part of the beginnings of such an incredible project.
👍  
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@dwinblood ·
$0.04
>What about posts that are better than top posts but receive no attention? Is there a way to objectify value within the blockchain?

This happens regularly in life as well.   It is mostly about visibility.   Something must be noticed to receive votes.   So something being perceptually better does not mean that the people that can lift it the most saw it.   As we get more people this will spread out more and more.   I already often miss some cool posts from people I follow simply because I am not looking at my feed at the right time and I don't have time to go through it in detail every day.    I also try to look outside of my feed some as well.

Yet one thing I know is necessary to enjoying being here is to avoid getting hung up on the money.   Let it happen when it does.    Avoid looking at posts and then thinking, that post did awesome, I should write about the same thing.    Avoid looking at one post and thinking that one did better than mine and mine is written so much better.

As all of these things happen in the real world as well.   We are just so used to them that we kind of don't pay attention to that anymore.   We are desensitized.
👍  
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@alchemage ·
$0.04
You raise some very good points, especially that valuable ideas/entities go unnoticed in the real world. However, do you think that the exposure level of valuable content is going to rise with an influx of new users? I know that there will be many users who will buy into Steem and thereby creating more whales and dolphins to distribute the exposure a bit, but do you not think that a large number of the new users are simply going to accept the loaned SP, if not for the fact they just cannot afford anything else? And if that were the case, if most of them became content creators and were not doing as much curating then would there not be a flood of new content that would wash out even more of the already unnoticed valuable content? (I'm not sure of anything, just spitballing here :] )

And just because something is happening in the real world doesn't make it right. ;) We're doing many things here that we aren't doing in the real world (some of us do, but I mean in general) because they work better. So why not think of a better way to do something? 

I totally agree that we shouldn't be hung up on money, and that mirroring posts isn't the best of ideas, but I do think that you can find inspiration through other posts and see how the higher paid posts are formatted and such. Noticing trends and working along with them to set your own, in a manner of speaking.
👍  
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vote details (1)
@alexxx123 ·
Wow I Agree Wholeheartedly, But Steemit Could Be Better Without The Downvote ! After All We Do Vote Every Time, When We Don't Give The Upvote Or Don't Comment To Somebody's Post ! Which Means The Person Loses The Possibility Of Making More Steem And That Should Be Good Enough As A Punishment !
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@dwinblood ·
The problem is there is a massive amount of SPAM and other things you don't see every day.   Do you know why?   We have bots that vote it down.  So it isn't as easy as getting rid of the down vote.   There are some things that need it.   I saw what it was like here before that bot.   For a few days you had to read 10 posts and 1 out of 10 was not spam.    That bot cheetah and some others immediately fixed that.   Remove the down vote and all of that cannot be stopped and it was bad.
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@dwinblood ·
Also camel humping all your words makes it more difficult to read.
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@arnel ·
$0.04
Thank you for sharing this and being a good example of what a steemit community member should be like. Upvoted... the culture should be set by the early adapters and not the other way around.
👍  
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@dwinblood ·
$0.04
I believe it will be as long as we continue to be good examples and not give into the temptation to become uncivil when we encounter those who have not yet learned that acting that way is not really positive or beneficial here.
👍  
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@arnel ·
Totally agree...
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@valued-customer ·
umm... maybe not.  While I do act as to anticipate such good behaviour, I have noticed that there are people I would flag in real life, except that I would gag as I buried the flagpole into their craniums.

4chan will find us.

The whales might well be appreciated for their flagging abilities then.
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@atikur ·
It's just woow, lots of things need learn from you
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@baerdric ·
$0.09
We can't really know what is coming, so looking at all possibilities and planning ahead to be reasonable, positive, and good role models is important. Anything we practice we will do better when the crunch comes. The true and lasting value of Steem will be the community we form.
👍  , , ,
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vote details (4)
@dwinblood ·
Yes, I agree.   It is also interesting that our currency is actually BACKED by something.   Our creations, and our community.   This makes it quite unique, and potentially quite valuable.
👍  , ,
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vote details (3)
@britt.the.ish · (edited)
$0.87
Is it me or do I sense some fear here? This is the second post I've read today dedicated mostly to the woes of flagging. What you are saying is that there is a balance issue here, and seemingly nobody has put forth a way to solve the imbalance. 

Whales 100% have the ability to swing their sword, to fully censor if they want and there is no moderators to stop them. It truly is Power in the purest sense of the word.

> With our steem power we can hopefully minimize the damage a Murphy's Law type incident might bring with it.

So you believe that it is inevitable. There should be more than *hope* to solve and survive the fallout that you purport to come someday.  *Flawed* is the word that's currently ringing in my ears.
👍  , , , , , , , , , , , , , , , , , , , , , ,
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vote details (23)
@dwinblood ·
$0.25
>What you are saying is that there is a balance issue here, and seemingly nobody has put forth a way to solve the imbalance.

This issue comes up frequently.   I likely read the other post you thought about and that partially inspired this post.    So it is often more of a mental sharing that produces clusters of posts around a similar topic.

Though that was NOT what I wanted you to get from this.   There was hopefully a lot more about HOPE and positive things than that in the post.

As to FLAW and Solution.

In history there has never been anything like this.   It is neither a market, or a boardroom.   It is a hybrid.   Unfortunately, voting and its purpose is very different in a market than in a boardroom.   In a market there really is no such thing as a down vote.   You either buy something, or you do not.   You don't run around putting black marks all over the things you were not interested in.  In a market, if you don't like something you don't buy it.   So there really is no down vote there.    A lot of people will come to steemit viewing it from a market perspective.   I was one of these.   Thus, I had a lot of negative reactions to the down vote and I was an advocate for not even having a down vote.

However, it is also like a boardroom.   Your steem power is like your shares.  It literally is your STAKE.    In boardrooms YEA and NAY votes are super common.   People usually vote AYE, NAY, or they abstain.    Our votes do drive steem and steemit.   They power our votes for witnesses, etc.

There is also the fact it is NOT centralized so having moderators is not feasible as I explained in the post.

So does it have this flaw?  Yes.   It is also unprecedented in history.   This means it is up to us to find a solution.    Any solution we find should not CENTRALIZE it, and should not create new ways to abuse and exploit the system.

The down vote currently is the only way to fight spam, abuse, and plagiarism that does not involve creating a centralized system.

So it is very easy to say IT'S A FLAW and be angry they haven't fixed it.   They haven't fixed it because no one has provided a solution yet that would work.   There are some good ideas that I think are worth trying as an experiment to see if they help, but at this time they have not been tried.

I usually say I'm willing to try anything they want to do to experiment to see if it helps as long as they are willing to take a step back if it proves to not work and makes things worse.

Even WITH these flags this environment is many times better and less hostile than any other social media environment.   So it is up to us to change this.

I pointed out the flaws not to BASH this but to make people aware, and to make people prepared to plan on attempts to mitigate such things when they occur.

So far no ultra genius has found or implemented a solution to this.   Yet with new ideas like this one we should expect to encounter new problems that haven't needed solutions in the past, because the environments did not exist.

Whether we choose to approach it positive, or negative is truly a personal choice of each of us.

Though even with these blemishes this place is amazing.
👍  , , , , ,
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vote details (6)
@britt.the.ish ·
$0.97
Thank you for the reply, I want to make it clear that my intention wasn't to bash, I don't feel like I was bashing, just trying to be honest. I also am not in any way advocating centralization for any solution. I definitely get that we're in new territory here, I'll continue to think more about the problem. I doubt I have any solution but maybe I can help.

Thank you for taking the time to write this post and educate the community, cheers
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vote details (23)
@igster ·
A lot of flagging only hides your posts under one click. It isn't deleted. 

Lets see how the HF19 changes balance.
👍  
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vote details (1)
@krnel ·
Flawed is right, "broken" is another way to put it. People/supporters can upvote or "buy" the produced content of others with upvotes, and all it takes is one rich petty plutocractic ruler to come along, and say hey I don't like you, or your post, and they just flag it with their accounts or accounts, which is like "unbuying" the allocation of rewards others have supported you with and take any amount they want off if they have the SP (like 95% or even 100% of your rewards, gone!) Check my posts since the end of February and you will see what can happen when you get mistreated and challenge the authority of the Steemit power elite. Does the community at large care? Nope. Many people think these plutocratic rulers who get to do what they want with impunity are int he "right" and "good" for their behavior. It's sad.
👍  
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vote details (1)
@liberosist · (edited)
$0.57
The imbalance has already been solved in code and it'll be effective when Hardfork 19 goes live. It's not scheduled yet, but most likely will be some time this month. Whales will lose an order of magnitude in influence and can be countered easily. Currently, if it currently takes 100 dolphins to counter a whale vote, it'll take only 10 after HF19.
👍  , , , , , , ,
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vote details (8)
@stevescoins ·
$0.07
*Gentlemen, start your guilds*

It will be interesting to see how the flagging wars go after the hardfork
👍  
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vote details (1)
@streetstyle ·
$0.17
cool, I am a mid sized Dolphin, and I hope to help as many steemians (that deserve it of course) as I can. 

full steem ahead!
👍  ,
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vote details (2)
@valued-customer · (edited)
My first thought was the possibility of garnering support from your followers/followed to counter the neg.

I then thought of a n00b, such as I am, with little power in such network as I have, to do that.

Then I thought of groups of Steemians with similar interests, including some that might be interested in ensuring that whimsical whales don't run around pulling the wings off flies.

I am glad that the outrageous imbalances in wealth in the world will not be accorded equivalent power to squash speech after HF19, as the two things are not the same thing, and should be separate.

Reputation, however, seems a better means of regulating the power to crush spam, that still might be able to harm n00bs, but also be simpler of rectification by concerned groups.

Just the thoughts of my admittedly naive perspective on how to preserve freedom of speech in a world where the powerful may not desire speech that irritates them.

Thanks for your informative reply to the post.
👍  
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vote details (1)
@carface ·
$0.41
Absolutely brilliant post! I agree there is so much potential right here in Steemit and we are basically showing the world a different way, a way that supports creators and encourages good communities. I also think like you say the bad effect of too much power can have. It's wise for the big guns at the moment just to think about it and look at what could happen in these situations and what can be done to benefit the WHOLE community.
👍  ,
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vote details (2)
@cassidyandfranks · (edited)
$0.04
Wow!

Very empowering  post @dwinblood

I just wrote a post about my top BEST 3...

BTC
ETH
STEEM

https://steemit.com/thirdsrulestrategy/@cassidyandfranks/post-it-notes-thirds-rule-strategy-bitcoin-ethereum-steem

Edit:

B
E
S
T
👍  
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vote details (1)
@codebreaker ·
$0.08
Really informative post. I don't see much posts related to these issues openly in steemit community.
👍  ,
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vote details (2)
@dwinblood ·
It comes in cycles.   The fact you don't see it a lot tells you that it doesn't happen often.   Some of us have also put a lot of effort in trying to convince those that do it that it truly is not a beneficial thing.   We've managed to change some minds, and some attitudes.    It wasn't easy.   There is no big red easy button we can slap to make it go away. :)

The fact you don't see it much is I think a testament to how truly wonderful this place is.    I don't believe pretending these issues do not exist is a good thing either.   I'd rather acknowledge problems and try to come up with a positive way to try to approach and deal with them.
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@codebreaker ·
I think that's certainly the best way to deal.
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@damiancraymond ·
$0.04
VERY well said good sir. A tip of the cap to you!
👍  
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vote details (1)
@denmarkguy · (edited)
$0.15
Thanks for this post and perspective... which I am also in agreement with. 

We have only seen the tiniest tip of the iceberg-- right now it seems like *"we are REALLY growing"* with 1000+ new accounts per day... just wait till it's *50,000* new accounts per day. One of the reasons I'm a big proponent of gradual "organic" growth here is precisely that we can get totally *swamped* if there's a sudden massive publicity campaign. I've seen firsthand what two million new users in two months can do to an unprepared social content site... and it's *not* pretty.

I'm here for the long haul (I see this as a 5-year plus investment-- hopefully longer!) and plan to gradually keep powering up slowly as time goes by; so far I have taken out very little (just enough to pay a few bills, a couple of times) and don't intend to change that. I have been mostly "hand recruiting" new people to Steemit, and my pitch is not about "making money" but about "becoming stakeholders" as a result of creating content here. Hopefully it's the sort of approach that will help the platform remain stable in the long term.
👍  , , , ,
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vote details (5)
@dwinblood ·
$0.13
Yes, you and I are of like mind on this and quite a few other things.   I know Steemit Inc. intentionally has not begun their advertising push.   Once they do I expect we'll see much larger numbers joining.
👍  , ,
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vote details (3)
@denmarkguy ·
$0.09
Well, until they *100% sure* we won't have another episode of new account approvals grinding to a halt for a week (a couple of weeks ago), they have NO business thinking about advertising *anything.* The "general public" will NOT give time of day to a site that takes 6 days to create an account... what's more, many will go off and post "Steemit is a JOKE" reviews all over creation. Best to avoid that...
👍  , , ,
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vote details (4)
@emperiumfx ·
$0.08
Very well written, lengthy, thoughtful. "Doing so tends to centralize the power somewhere, and you are giving other humans power that others do not have. They can just as easily turn into a subjective censoring machine. " - yes, reminds me of something some.. lived through - communism, yep. I often think of that - human behavior, behavior of the masses (which is all other topic of course, not to dwell into now).
"Steem is backed by our creations." - one reason I joined.
👍  , ,
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vote details (3)
@dwinblood ·
>"Steem is backed by our creations." - one reason I joined.

Very good reason.   I'm going to have to follow you to check out what you choose to back the currency with. ;)
👍  
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vote details (1)
@emperiumfx ·
$0.04
haha, thank you, I followed you already from earlier. I chose not to publish anything yet, until I familiarize myself a bit more with the platform (something like baby steps).
👍  
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vote details (1)
@evan-dela ·
$0.57
I think this is a great article but I think steem can not rest on its laurels. I introduced steem to everyone at work, almost all of them have not yet been approved and the balance have had to have "lessons" on how to use it. If something is going to be adopted by the masses, it's going to need to be easy to use and needs to provide a USP beyond just the fact that it is a cryprocurrency.
👍  , , , , , , , , , , , , , , , , ,
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vote details (18)
@dwinblood ·
Yes, the approval thing is an issue.   I still have a lot of people I tried to get into it since I started.   Many of them are kicking themselves now.    As to learning.   It does need to be as easy as we can make it, but it also different so there will always be some curve just because it is different and at the very least people need to realize it is different and find out what that means to them.
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@foxkoit ·
$0.04
Very good post :)
👍  
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vote details (1)
@fuckmylife ·
$0.04
For me it is also about having faith in the community. If it really does grow to its potential. Everyone that is here today, will be set for life.
👍  ,
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vote details (2)
@dwinblood ·
Steem power is potentially way better than any 401K program. :)
👍  
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vote details (1)
@fuckmylife ·
$0.08
Lol it sure is . 401k's turn into no one k's pretty quick theses days.
👍  ,
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vote details (2)
@gdouramanis ·
great post!
👍  
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vote details (1)
@hassanom93 ·
$0.04
That's a really good read my friend :)
👍  
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vote details (1)
@dwinblood ·
Thank you.   It seemed to fall into place, and I suddenly had to write it while it was clear in my head.
👍  
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vote details (1)
@imwatsi ·
$0.33
You bring up a very good point there: that Steem is probably the only crypto that's backed by something. Not just *something* but **real people with their real creations and their really valuable attention**

I wrote in another comment just now that **we humans give cryptocurrency value, and without us they're worthless**. Steem is one crypto with a special combination of implied value and is backed up by a human-supported, value creation ecosystem that's constantly creating more value for it.

*Pure genius in design* for sure. Steemit was big even during it's inception, and won't necessarily be big only when the world finally uses it mainstream. Thanks for adding another dimension to my understanding of Steem and cryptocurrencies in general.
👍  
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@dwinblood ·
Well it was kind of an AHA moment for me write before I wrote that post, when I suddenly realized it is actually backed by something.
👍  
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vote details (1)
@imwatsi ·
$0.33
Thanks for sharing your epiphany with us. It hit me like "how did I not notice this before?"
👍  
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vote details (1)
@jznsamuel ·
$0.59
You have raised very valid points and it was certainly a very interesting read. Yes our priorities at this point in time should be right and we should look at Steemit's future positively.
👍  , , , , , , , , , , , , , , , , , ,
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vote details (19)
@kennethbosak ·
$0.04
Idk who you think you are but THANK YOU FOR THE 30 STEEM 😳
👍  ,
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vote details (2)
@dwinblood ·
The guy that actually gave you the 30 steem replied to you.   Welcome to steemit anyway and I'll give you a follow.
👍  
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vote details (1)
@fulltimegeek ·
$0.04
Lol. You're welcome. This is @dwinblood's blog btw.
👍  ,
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@dwinblood ·
Yeah he confused the hell out of me. :)
properties (22)
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@lazarescu.irinel ·
$0.04
Very good post @dwinblood ... I like it :)
👍  ,
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vote details (2)
@lazarescu.irinel · (edited)
$0.04
https://media.giphy.com/media/jsUMmPGb9uMNy/giphy.gif
👍  ,
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@dwinblood ·
Thanks for the resteem.  Always appreciated.
👍  
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vote details (1)
@liberosist ·
$0.04
Well said, holding Steem Power is all about responsibility to shape the community. At the same time, it's your stakeholding in the network. The greater your stakeholding, the more you're financially incentivized to act in the community's best interests over your own. It's a great design, indeed. 

Regarding flagging - fortunately it'll be an order of magnitude harder to abuse with Hardfork 19. For example, today, a whale's flag needs 10,000 minnows or 100 dolphins to counter. After Hardfork 19, just 10 dolphins or 100 minnows could counter a whale flag. At this point, it is no longer a flaw.
👍  , ,
properties (23)
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vote details (3)
@dwinblood ·
$0.82
>Regarding flagging - fortunately it'll be an order of magnitude harder to abuse with Hardfork 19. For example, today, a whale's flag needs 10,000 minnows or 100 dolphins to counter. After Hardfork 19, just 10 dolphins or 100 minnows could counter a whale flag. At this point, it is no longer a flaw.

Yeah I look forward to seeing that in action.  :)  Linear curve makes a lot more sense.    I can't believe it is n^2 that is just crazy.
👍  , , ,
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vote details (4)
@lazarescu.irinel ·
Love this post, thank you so much for taking the time to put it together! Hope your day is absolutely lovely!!
👍  
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vote details (1)
@ludorum ·
$0.09
Keep go your way.

and i throw question to you.
if you think it is right way, exercise your rights.

https://steemit.com/help/@ludorum/need-your-help-my-house-burnt-out
👍  
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vote details (1)
@luscaa ·
$0.04
Really really good read my friend. Totally agree  with probably everything you said. Keep uo the good work😁👍
👍  
properties (23)
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vote details (1)
@majorleaguemarc ·
$0.04
As of now, I don't think we have anything to worry about.. Accept for all of the bots being made
👍  ,
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vote details (2)
@markpluto ·
$0.05
You make a good point. I'm always learning something new here.
👍  ,
properties (23)
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vote details (2)
@minnyfatty ·
$0.04
Great post expressing a true natured Steemer. We all feel this way and may this platform generate more sensible conversation around valuable topics.
👍  
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vote details (1)
@mirzacho ·
$0.04
Good info today.. thanks
👍  
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vote details (1)
@momerathalice ·
$0.08
I'm looking forward to the influx of new people, mainly because the people that have been here forever are working <i>really</i> hard to teach us newbies how it works. I'm working hard on learning the platform so that when the influx comes, I can lend the same assistance in turn.

Growing is not always easy, it doesn't always go smoothly but we just have to keep in mind that <b>we</b> are the stewards of this wonderful new world.

Great info in the post and in the comments, thanks to all of you who are working so hard to foster and maintain this community.
👍  , ,
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vote details (3)
@dwinblood ·
>I'm working hard on learning the platform so that when the influx comes, I can lend the same assistance in turn.

That is exactly the plan.   I think if there are enough of us approaching it calm and with reason rather than emotion that we should be able to find solutions to all problems we may encounter.
👍  
properties (23)
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vote details (1)
@rickyjrx ·
$0.04
Yes I have begun poweribg up all my rewards now, i didnt really understand steemit unitl lately byt I think Id prefer to invest in steemit now and power up everthing.
👍  
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@rlavie985 ·
$0.04
Well written @Dwinblood. You have a friend in this fight. @altcoinUSA
👍  
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vote details (1)
@salmanbahadur ·
$0.11
@dwinblood Awesome i like your post keep it up and in the future write more article like this post
👍  ,
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vote details (2)
@sandunfernando ·
$0.04
Really good article mate.I don't see steem going down as more people buy steem even without knowing about the fact that steemit pays their users .The market cap as of today is $559,368,961 and only growing more.
👍  
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vote details (1)
@dwinblood ·
I hope that is the case.   Even if it goes down, I expect it to come back up.   So little dips I expect.   Though I do think ultimately it should keep rising.   I don't see a currency out there that I think is better.
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@sighmanjestah ·
$0.08
It is encouraging that you have written this @dwinblood from the standpoint of a newbie/minnow. I too see the potential of this platform as a change for good. I also think of how easily it could self destruct(as seen through the eyes of a minnow) 
So thank you for the reassurance reflected in this post.

---
SDG
👍  ,
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vote details (2)
@dwinblood ·
$0.07
Yes, if you can remain civil and stick with it then I think it could change the world.   It takes awhile to build up momentum.   I went through many $0 posts when I started, and that was during the time that the payouts were the highest they've ever done.

Keep posting, commenting, voting, and being a decent person and you will grow, and do better and better.

Warning though... this place is highly addictive.
👍  ,
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@sighmanjestah ·
$0.04
>Warning though... this place is highly addictive.

Oh, yeah, I agree with that statement. I have been able to remember to eat and take a shower every once in a while.
👍  
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@sportfan ·
$0.05
Great read.  I never thought about how people flooding our close community could really mess it up.  I was just thinking about money, but now I am reconsidering if I want everyone on steemit.
👍  , , ,
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@dwinblood ·
$0.23
We want them.   We simply need to be prepared.   We need to lead by example, and help show them what makes it beautiful.
👍  , , , ,
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vote details (5)
@notoriousdjp ·
$0.04
We only want the best people! Don't we folks?
👍  ,
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@dwinblood ·
Yet, that will realistically not be the case.   So we need to be prepared and our job I believe will be to lead by example and show how the community works and what makes it beautiful.   This also means we ourselves will need to NOT devolve into their methods when they use them.   We need to show what is and is not welcome, in a civil way.
👍  , ,
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vote details (3)
@sighmanjestah · (edited)
$0.04
I would rather re-word that statement @notoriousdjp into "we only want the best **"in"** people".
The bad we see in newcomers can be reduced by them emulating our behaviors in a positive way as stated by @dwinblood in his response to you.

---
SDG
👍  ,
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@steampunk-penny ·
$0.04
Love this post, thank you so much for taking the time to put it together! Hope your day is absolutely lovely!!
👍  ,
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@dwinblood ·
My pleasure.  I love this place.   I must do my part.   I like your handle by the way. :)
👍  
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@steampunk-penny ·
Thank you! :-)
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@stevescoins ·
$0.04
I can't add to what you or the commenters have written, but i did want to say "well put".
👍  
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vote details (1)
@dwinblood ·
$0.04
Thanks you've given me great insights on many of my other posts, so just knowing you saw it an concurred is good enough for me.
👍  
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@stevescoins ·
$0.04
I was actually hesitant to leave a "great post" comment, as much as i don't like them myself ;>
👍  
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@teamhumble ·
$0.04
the human condition is the world's biggest virus. make your time. seriously thou, it's like the good old days of IRC ;)
👍  
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@teamsteem ·
$0.04
I'll read this one later. I agree with your title and I love your blog.
👍  
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@tiandao ·
$0.04
I am so excited to be apart of this community. Thank you very much for your post!
👍  
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@tomgriffioen ·
$0.04
Great article. What do you think of the future of the whole blockchain in tax intelligence and accountancy. Both have a great ledger with rules and controls, do you see the same future for them?

Also these innovations of steemit, reminds me of the introduction of the mobile phone in the Netherlands. There was great resistance against it. https://steemit.com/video/@tomgriffioen/what-a-day-on-steemit-this-reminds-me-of-1999-the-mobile-phone-funny-video here there is a funny video of the reactions of people in 1999. a must see!
👍  
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@dwinblood ·
I am neither an accountant or tax expert.   I would suspect the blockchain could potentially make it very easy for them to monitor tax, if they can identify who you actually are.
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@tomgriffioen ·
$0.35
True. Also they can have event logs (audit trials) that are documented in a blockchain, this will resolve a great amount of manual work, also this Will result in decrease of people that Will be needed at a finance or tax departement... this will change a lot.
👍  
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@tonyr ·
$0.04
A fantastic post @dwinblood. I have been here for about six weeks now and in that time I have left due to my skeptical distrust of the set up of the platform and returned with the belief that I could do my bit to help make steemit what most of us would like it to be. My knowledge of the platform and how blockchains and crypto works is very limited so perhaps I should not be commenting from a place of ignorance but I believe in fair play and think this is an issue that needs addressing in the current set up of steemit. I understand that building steem power allows all of us the opportunity to have some kind of influence on the site and perhaps this is a good thing but I see too much power in the hands of too few here and whether used for benevolent or malevolent purposes power and influence are still very strong corrupters.  We all have a vested interest in steemit becoming financially successful but as you say we all have the responsibility of making steemit the community we want it to be but within any community there will always be those who wish to control the rest. 

Perhaps we could set up a steemit council which could consist of representatives from all three different hierarchical groups we have here on steemit. Three minnows, three dolphins and three whales with each representative being selected randomly and serving the community as part of the council for a set limited period. 1 month for example and then the process of selecting new representatives for the following month begins. Perhaps this is a terrible idea. I can accept that if others can explain to me why but the point is we need to start deciding ourselves what our steemit community stands for rather than having this decided by those who have influence only due to their financial investment in the platform or just because they were fortunate enough to be here at the beginning or even because they were the ones who created the platform. I am very thankful to those men and women and have a lot of respect for what has been achieved but if those who created, built up or invested the site have more power and influence over the community then what we have is a virtual representation of the real world society and its problems which we are all supposedly trying to move away from. 

I see this platform as having an amazing opportunity to impact the world in a positive way and that is hopefully what we all want but I also see that it has the potential to be a negative in our world and lives unless we take it upon ourselves to protect it from such abuse.

Thanks again for a very thoughtful and interesting post!

Hope your day is going well!
👍  
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@dwinblood ·
>I see too much power in the hands of too few here and whether used for benevolent or malevolent purposes power and influence are still very strong corrupters

There is something on the way in the next Hardfork  (*hard fork 19*) that will help with that.   Right now the power curve is n^2 and it has been that since the beginning.   That accelerates power rather than making it linear.   So instead of 4 steem having the same power as 1 steem does times 4.   It is actually 8 times as powerful.   5 steem is 16 times as powerful.    So someone with say 1,000,000 steem is currently ungodly powerful compared to the rest of people.

The HF19 will be changing it to a linear curve.    This should have quite a dramatic effect on the platform as far as power balance.

>Perhaps we could set up a steemit council which could consist of representatives from all three different hierarchical groups we have here on steemit

We kind of already have that in the form of the witnesses.   Witnesses can be from any power level.   They simply have to campaign, and get your vote.   If you don't approve of the way someone you voted for is handling their position you can remove your vote.

Right now their primary duty is to keep the blockchain running, and to approve and implement changes when they are released such as the HF19 I mentioned above.   They are the closest thing to a council.


The worst thing about a council as with ANY moderation anywhere is they can and due by human nature inject their own biases into any position.   If they have more power than other people it becomes an issue.   In addition, minnows usually do not understand how the system actually works until they have been here for awhile.    If they understand it very well and are still a minnow then perhaps they might consider becoming a witness.   It does entail actual work.   They have to run a witness node.   If they manage to get into the top 19 witnesses their node is live and they actually are rewarded quite a bit of steem for doing the job.    As such they wouldn't remain a minnow for very long.

The negatives you see other people see as well.   This is very new and as such it has new never before encountered problems.   Proposed solutions can and so far usually do have other ways they introduce abuse and exploitation to the system.    It is not an easy problem, and it is something that we will all have to fix over time.    This product is still in beta, and we all are frantically using it and loving it.    This means even Steemit Inc. doesn't consider it at the stage where it should be considered LIVE for all of the masses yet.

We will get there, and there WILL be problems.    We just need to do what we can to come up with solutions to them.   It is most likely many solutions that have been tried elsewhere in the past will be irrelevant when applied here as there has never been anything quite like this.    One of the big differences is essentially how the vote works.    It is a hybrid of market style voting and boardroom style voting.    Those two places operate very differently.    This is partially why some solutions don't work here.

Market style you don't really have a down vote.   You either buy something or you don't.    You don't walk into a store and start putting black marks on all the things you don't intend to buy or don't like.   You simply ignore them and buy what you want to buy.    That is a market.

Boardrooms do require an YES or NO style vote with votes usually being YES, NO, and ABSTAIN.    Technically your Steem Power is stakes in the blockchain so they are like shareholder shares to some degree.    Some decisions and activities make sense to be viewed from a boardroom style situation.   I think most do not, but some do.

The problem I see is when someone who treats it only like a boardroom interacts with people who treat it only like a market.    Right now it is a truly unique creation that is a hybrid, and we are all still trying to determine how that best works, as well as deal with the slightly new problems that have some features that require different thinking just because this combination has not existed before.


It is possible a problem could arise that we don't find a solution to.   Yet I think that is unlikely.   We must also remember that not all things will be solved by a technological solution.   Many of them we as the community will solve.

There will be bad moments when it comes to problems before we manage to find solutions and help make things positive.   That will likely occur in cycles.   This is how things are.

Right now even with the occasional bad it is way better than anywhere else I've seen.

It is important to remember we do not want to centralize power.    It is also very free market based, and that is not going to change.   For this reason there will always be the potential for people to buy more power.     We also will never steal power from someone and redistribute it.     Everything here should be voluntary.    So far it is.    We just have new problems that require new approaches, and we are still trying to determine what those approaches might be.    A little experimentation is definitely required.
👍  
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@tonyr ·
$0.35
Thank you @dwinblood for your comprehensive reply to my comment and please accept my apologies for taking so long to respond. Thank you also for explaining things in such simple terms as this helped me a lot! :) I am at times overly idealistic in my views even though most of the time I fall short of my own standards but I am always trying to be a better man. I see steemit as a platform that could represent all the best qualities of humanity and while there are issues in the wider world that seem to have grown out of our sphere of influence completely, it would still appear to me that we all have a say in making this the place we want it to be. When I say we I refer to those who would like to use the platform for benevolent reasons rather than those who would use it solely with the intent of rewarding themselves and gaining a control over others. I see everything in positive and negative terms and am no fortune teller so cannot tell you what steemit will ultimately become or be used for but while it still is a work in progress I feel we all have a responsibility to make it as fair to all as is possible.

I am coming to accept that perhaps this will never be and could never be the idealistic place that I personally would like to see it become and that the nature of man is that nothing ever could be so I am having to rethink things that I have said and this is never a bad thing in general but while there is still the possibility of it being a force for good I think that it is right that we should all be able to question the direction in which we are headed. 

I am thankful for your analogy of the boardroom and market style combination that is used here and though I can't say I fully understand it right now, it does make my thinking on the subject a little clearer. I am very pleased to be rewarded for what I post on steemit as we all are and though I am very new to social media I know enough to know that steemit is unlike anything else and I would be very happy for it and myself to be successful. I have no expectations but would be pleased if I could transition my life in such a way that I could live life as much as possible on my own terms but I also feel that the possibility for abuse is clear for all to see and should be addressed.

>Boardrooms do require an YES or NO style vote with votes usually being YES, NO, and ABSTAIN. Technically your Steem Power is stakes in the blockchain so they are like shareholder shares to some degree. Some decisions and activities make sense to be viewed from a boardroom style situation. I think most do not, but some do.

This may be an ignorant question to ask but is there a mechanism whereby the everyday users could hold 51% of steem. Like you I am very much against centralised power and believe everyone should have an equal say in the decision making process but that doesn't ever seem to be likely here. I am not a socialist by any means but I feel the balance of power could be a little fairer, a lot fairer in fact.

Thank you again for taking so much time in your response. It is very much appreciated!

Hope your day is going well!
👍  
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@trevorlyman ·
$0.04
Hi Dwinblood - great article!  I agree that we have to do more to help people get started w/ Steemit, especially if we get a flood of new users like you are suggesting.  And this is why I am trying to launch WelcomeToSteemit.com as a site to get people started, and in multiple languages!

If you care to check it out: https://steemit.com/steemit/@trevorlyman/project-welcometosteemit-com
👍  
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@v4vapid ·
$0.09
Excellent post! Very apt description of Steemit at the moment and going forward. I really love your description of the decentralized Seetmit platform as users being BOTH the moderators and the custodians. Very true. I haven't been around as long as you have but i have seen some ugly disputes break out. I admire how you handled your flagging situation, we could all learn a lot from this.

The Hordes are coming...I have thought about this as well and how it may effect the steemit ecosystem, which is a beautiful thing. Very positive and civil (for the most part). I cringe at the thought of Instagram/FB narcissistic behavior flooding the platform with selfies and shallowness or reddit troll types flinging mud. 

I think you've made a great argument for what we need to do as a community to preserve the best qualities of the platform. 

Super post - enthusiastic resteem!!
👍  , , , ,
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vote details (5)
@imwatsi ·
I also think that Steemit won't attract the problematic types because of its design. Its fundamentals are different from FB, etc.
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@v4vapid ·
I agree and i disagree. You're right the design may keep some away but the financial benefits will outweigh the deterrence in my mind. Seriously, imagine if you're a hot babe on instagram and you come to steemit and you post a bunch of bikini pics...that shit is going to make money, unfortunately. Honestly, idk how the community is going to deal with that effectively.
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@izabellablue ·
$0.04
That is exactly what I was thinking also! Steemit is such a lovely place, without all the Facebook & Twitter drama. I sure hope it does not turn into that. I am new, but possibly it cant happen because people will start flagging them?
👍  ,
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vote details (2)
@dwinblood ·
We will deal with it as it happens.   If it requires flags ultimately that is what would happen.   Hopefully we could educate them as to why their posts are not making much, and why they are not getting as many followers as they would like.   The flag should always be a last resort as far as I am concerned.
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@valued-customer ·
$0.04
This is a great post.  I learned a great deal from it (I am n00b) and do appreciate it very much.

I pay very little attention to the monetary aspects of Steemit, however this post points out how such power can affect reputation.  Imma think on that some.

Thanks!
👍  
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vote details (1)
@dwinblood ·
Not so much reputation, but it definitely can impact how much YOU can help us keep it the place we've grown to love.
👍  
properties (23)
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vote details (1)
@valued-customer ·
$0.04
Well, as soon as I realized that my ability to benefit the posters of content I found useful depended on my SP, I cranked the slider over to 100%, where it remains today, and simply retained every bit of it as voting power.

Now, I haven't much.  I couldn't pay rent, for example, if I wanted to, and I might, if I could.   However I am working elsewhere, and as long as that remains the case, I probably will not remove any SP, for curation, and now, as insurance in the event of flagging.

And, despite my initial ignorance and misinterpretation of such avowals of felicity on Steemit as mere sucking up for money, I am myself seeing that there is much more to this community.

I some time ago abandoned facebook, etc. due to platform issues and the vapidity of content, again by design in the platform.  There are things that could be improved about Steemit, no doubt, but it seems the data harvesting, censorship, and propaganda that have been incorporated into facebook simply aren't here.

Getting stomped on by an irritated whale is vastly preferable to swimming in a sea of corrosive propaganda, imho.
👍  
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vote details (1)
@veerall ·
$0.04
Is steem power same as steem coin? i mean what if we dont convert steem power to steem, and the price of steem increases?
👍  
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vote details (1)
@dwinblood ·
Steem Power is always worth what steem is.   So 1000 steem is technically worth 1000 steem power.   However, Steem Power is not the actual coin.  It is investment into the blockchain.   By design you cannot instantly convert all steem power to steem.   This is to prevent Pump and Dump type behavior (*or at least reduce it*) so the price cannot be pumped and then rapidly dumped and thus crash the currency.   This is a problem in most other cryptos.

You can draw steem power out into steem at a rate of 1/15th per week.   Theoretically you could get it all out in 15 weeks.    If you keep doing activities that keep adding more steem power to your account then of course this could take longer.   You would get as much as was there when you began by the 15th week but if you added more in the meantime by being rewarded and such then that may still take a bit longer to get at.

So if you want to ALWAYS have instanteous access to it then steem or steem backed dollers are the way to go.

When you tell your account to power down.   1/15th will be converted into steem within 7 days of the time you indicated you wanted to begin powering down.    If you keep powering down another conversion would occur 7 days after that.

If the price goes up or down in that time for the value of steem the steem power does the same.


This is also why you can see the value of posts go up and down when there are no new votes.   The reward amount is fluctuating with the value of steem fluctuating.
👍  
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vote details (1)
@veerall ·
$0.04
Thank you very much.. :) currently i want to collect steem power, but steem dollar im converting to steem and saving some. is that fine? also im confused about whaleshares, dont know where to buy from.
👍  
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vote details (1)
@dwinblood ·
Oh I was talking to family outside of steemit and there is another benefit to Steem Power.

If for some reason someone stole your account.   It would take them 7 days to get at ANY of your steem power.   Theoretically you hopefully will have noticed and can recover your account in that time.   They would only get 1/15th of your steem power and have to wait for 7 days for another 15th.    So it would be very difficult for someone to rob you of your steem power.

Steem and Steem Dollars are just like any other wallet.   Those they could theoretically loot quickly if they hacked your account.    This as far as I know has NOT been an issue, but it is a positive about steem power.
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