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Why a twitter-like version of steem will be created sooner or later. by markopaasila

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· @markopaasila ·
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Why a twitter-like version of steem will be created sooner or later.
Watching the DNA of the steem-community appear, it becomes clear that a twitter-like version of steem must emerge.

And I hope it will be from the steem team.

If you look at the *trending* page, you will quickly notice that the community appreciates quality content; something that's original, thoughtful, helpful or delighting. The topics and people getting the most rewards are a reflection of the current influencers - their values and interests. It will take a long time for the center of gravity to shift from this early DNA to a more common one, and it might never happen. It looks like Steem will become a source of original super-quality content.

What seems to be a determining factor is the **20 vote's limit**, which causes an opportunity cost that you don't have on facebook or twitter.  Since you have to use them sparingly, you vote for the very best. You leave out the quite good and the nice so you always have some votes left in case of a good opportunity. Another factor is that people are **rewarded per post, not per account**. You are not incentivized to maximize your output, but quality. What might happen is that people will try, but then grow weary of the fruitless labour of posting news and links. Just look at how much @tuck-fheman posts funny stuff, and how little rewards he gets compared to someone else posting one single quality post. I guess he's ok now, but there isn't too much competition yet. I wouldn't mind getting all the news relevant to me right here on steemit, but **I wouldn't make the effort to provide the news.**

 If there was a service similar to steem, but with 100 votes per day and rewards calculated per account (not per post), it would optimize for news-sourcing. Content-creators would have the incentive to provide as good a news stream as possible, with emphasis on amount - not quality. They would know that every news they provide would increase their payout exponentially. With enough votes to be generous with, one could vote for everything remotely valuable and thus give the incentive to keep providing news. There could even be a system which rewards the first provider of a certain news, which would result in it being a near-real-time news source.

I'm sure that once Steem has proved its' model, there will be attempts to replicate the model in different markets. It's only a matter of time when it will happen, and news-sourcing will be one market for sure. Different markets require different algorithms and parameters, so it might be hard to combine them all into one system.

I really hope the Steem guys will make this system suit many different needs, and if not, be the creators of the other systems. As a quality-content source Steem is wonderful. I love it!
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@manipulable · (edited)
$0.15
This post doesn't explain how a Twitter replica site on Steem would make any money! Do you it will charge revenue creators a subscription fee? Or will content rewards get siphoned of by the platform itself to find development?

I would like to know if developers can build apps on Steem for content creators and curators and be paid a part of the steem rewards for the content? This would make building social networks profitable without the need for advertising.

I can't find answers anywhere!

Also, an upvote on a Twitter replica site can mean much less than an upvote on a Yelp or Couchsurfing replica site... Can app builders manage the distribution of Steem rewards differently on their platforms?

In Steem, is an upvote is an upvote is an upvote? Are all upvotes equal no matter what the context? I mean sometimes a small number of upvotes can be of much higher value. Can the upvote system be more sophisticated without creating more cognitive overhead?
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@markopaasila ·
Good sources to find answers to questions about Steem are dan's, dantheman's and steemitblog's blogs. The whitepaper is good too. Have you read them?
Yoi are right about the monetization aspect of a possible Twitter-version of Steem. It's not so easy to change one aspect of Steem without disrupting the whole model. I don't know. I think the main point of my post was the fact that Steems model doesn't suit all possible needs, and therefore alternatives will eventually emerge. I didn't try to figure out the specifics of those, other than that they must have different rewarding mechanisms.
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@manipulable ·
Thanks, I have read the white paper. It doesn't go into this aspect of the roadmap.

I will read those books and see what I can gather, I know this is something Dan & Ned would have considered.
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@tuck-fheman ·
> Just look at how much @tuck-fheman posts funny stuff, and how little rewards he gets compared to someone else posting one single quality post.

![](http://s20.postimg.org/luqh2ep5p/back_handed_compliment.gif)
lawlz =b
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