create account

RE: Why Bitcoin won't save the world, and why Steem has only a slight chance. by wiser

View this thread on: hive.blogpeakd.comecency.com

Viewing a response to: @freebornangel/why-bitcoin-won-t-save-the-world-and-why-steem-has-only-a-slight-chance

· @wiser · (edited)
$0.05
Wait a minute. No one is getting screwed here. You can post for free on Facebook, or you can post here and you *might* get paid. You can buy your way to whalehood, if that's really what you want. No one is taking anything away from anyone, as no one owes anyone anything here in the first place. Steemit is what it is. You understand how it works and figure out where you fit in, and you can do well with it. You want to do better? Figure out what it takes and then decide to do it. No one is stopping you. The one issue I have right now (which is inevitable being as new as it is) is that the system keeps getting tweaked and so you have to adapt your strategy to those changes as they come.
👍  , , , , , ,
properties (23)
authorwiser
permlinkre-freebornangel-why-bitcoin-won-t-save-the-world-and-why-steem-has-only-a-slight-chance-20170324t232458970z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-03-24 23:24:57
last_update2017-03-24 23:25:27
depth1
children7
last_payout2017-04-25 04:46:42
cashout_time1969-12-31 23:59:59
total_payout_value0.038 HBD
curator_payout_value0.008 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length692
author_reputation48,379,014,515,870
root_title"Why Bitcoin won't save the world, and why Steem has only a slight chance."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,834,010
net_rshares103,161,645,267
author_curate_reward""
vote details (7)
@freebornangel ·
$0.06
So, I guess we know which side of the 10 $100,000 investors vs 1 million $100 investors question?

If this platform is going to be a millionaires boys club, that is fine, my money will still grow, but if the claims of changing the world with a coin for the masses is to come true we  can't cater to the whales at the expense of the minnows.

Perhaps you remember just a few short weeks back when we were experiencing the newbies coming in, finding out they didn't matter in the math, that even if they got 100 votes that didn't mean more than a few dollars (if that much) when folks with 30 votes were making hundreds, and leaving not to come back.

Who do you think hurts the platform more, one millionaire crying about not getting to vote his stake, or hundreds of poor people telling their friends not to waste their time?

Perhaps you remember the upswing in activity, and user excitement, when the whales were taken out of the equation?

So, you got to ask yourself which group you want to make happy.
The interests are diametrically opposed.

Do you want to favor the rich, or the poor?
👍  , , ,
properties (23)
authorfreebornangel
permlinkre-wiser-re-freebornangel-why-bitcoin-won-t-save-the-world-and-why-steem-has-only-a-slight-chance-20170324t234102273z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-03-24 23:41:06
last_update2017-03-24 23:41:06
depth2
children6
last_payout2017-04-25 04:46:42
cashout_time1969-12-31 23:59:59
total_payout_value0.045 HBD
curator_payout_value0.012 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,092
author_reputation171,005,551,503,977
root_title"Why Bitcoin won't save the world, and why Steem has only a slight chance."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,834,098
net_rshares127,752,842,705
author_curate_reward""
vote details (4)
@diggndeeper.com ·
Hmm. I liked @wiser's comment, but your response is good as well. I'm certainly not one to have the answer, though I do love game theory, so I will just keep trying to figure this system out until I have a better idea. 

I don't suppose there is any way to eliminate whales in any environment. We just need to make sure they can't smother any one. I see there is a lot of action on here to compete for that effect.
👍  ,
properties (23)
authordiggndeeper.com
permlinkre-freebornangel-re-wiser-re-freebornangel-why-bitcoin-won-t-save-the-world-and-why-steem-has-only-a-slight-chance-20170325t012316350z
categorysteemit
json_metadata{"tags":["steemit"],"users":["wiser"],"app":"steemit/0.1"}
created2017-03-25 01:23:15
last_update2017-03-25 01:23:15
depth3
children1
last_payout2017-04-25 04:46:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length414
author_reputation51,563,464,330,873
root_title"Why Bitcoin won't save the world, and why Steem has only a slight chance."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,834,839
net_rshares23,357,942,773
author_curate_reward""
vote details (2)
@freebornangel ·
We just need the whales to wait until the market cap justifies their presence.
Currently when a whale feeds the newbs get nothing, for months on end.
properties (22)
authorfreebornangel
permlinkre-diggndeepercom-re-freebornangel-re-wiser-re-freebornangel-why-bitcoin-won-t-save-the-world-and-why-steem-has-only-a-slight-chance-20170325t180611316z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-03-25 18:06:15
last_update2017-03-25 18:06:15
depth4
children0
last_payout2017-04-25 04:46:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length149
author_reputation171,005,551,503,977
root_title"Why Bitcoin won't save the world, and why Steem has only a slight chance."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,842,139
net_rshares0
@wiser ·
I came in as a newbie in July, and learned quickly that I wasn't going to get thousands of dollars on a single payout (unlike those *trending* posts). So I spent some time trying to figure out how it did work (favoring the whales and all), and I figured out where I could fit into it, given that I do not want to spend significant time marketing my work or trying to attract whale votes. For me, I can count on every third post or so earning upwards of 50 to 75 cents. This means that I post more often and I don't put in inordinate amounts of effort into my posts. It also means that I comment wherever I can because I can often make just as much on a comment as on a post. 

My point is I look at the system as it is, and I figure out how to make it work for me, including what its limitations are. Every cent that I earn on a post is a cent I would not earn writing the same post on Facebook, so I consider all earnings to be a bonus. It's really a matter of expectations and perspective. If I want to gain influence (Steem Power) on this platform faster than I'm earning it, all I have to do is buy Steem on any exchange that carries it, send it here, and power it up. It doesn't matter who I am, where I come from, how many whales I knew at the beginning or now. You, I, or anyone can become a whale just by buying in. I can't think of too many systems in this world that are more equalizing than that. Sure, you have to have the money (or some other kind of resource) to put into it. But it's a surprisingly low amount of money to buy some significant influence here. The entry point is far lower than anything you're going to find in the fiat world. So even if it still has features which favor the "haves" over the "have nots," I still consider it to be a vast improvement. In general I've found two reasons that people post to complain: 

1. the authors are genuinely frustrated because their experience on Steemit is not matching their expectations, and they probably need to adjust their expectations. In some cases the authors aren't really willing to take the time to learn how it really works in order to set more realistic expectations.

2. Complaining posts actually have been quite lucrative in the past so they're worth a shot to get some upvotes and payouts.

That's my take anyway. I'm a happy Steemit minnow. Right now I'm pretty active. But I have been known to take fairly long breaks too, as part of assessing my involvement here has to do with having other things going on in life which pay more (both in terms of money and other things), so it's a constant juggling act.
👍  , ,
properties (23)
authorwiser
permlinkre-freebornangel-re-wiser-re-freebornangel-why-bitcoin-won-t-save-the-world-and-why-steem-has-only-a-slight-chance-20170325t034108337z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-03-25 03:41:09
last_update2017-03-25 03:41:09
depth3
children1
last_payout2017-04-25 04:46:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,596
author_reputation48,379,014,515,870
root_title"Why Bitcoin won't save the world, and why Steem has only a slight chance."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,835,664
net_rshares24,198,141,800
author_curate_reward""
vote details (3)
@freebornangel ·
Yeah, I'm just here to make at record for when the historians come looking, myself.

But when the big guys bully the little ones, I tend to speak out.
properties (22)
authorfreebornangel
permlinkre-wiser-re-freebornangel-re-wiser-re-freebornangel-why-bitcoin-won-t-save-the-world-and-why-steem-has-only-a-slight-chance-20170325t181019789z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-03-25 18:10:21
last_update2017-03-25 18:10:21
depth4
children0
last_payout2017-04-25 04:46:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length150
author_reputation171,005,551,503,977
root_title"Why Bitcoin won't save the world, and why Steem has only a slight chance."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,842,186
net_rshares0
@wordsword ·
Do you want to favor the rich, or the poor? hhmmmm.
Either your with us or you're with the terr....crapitalist. (joking)

Do you have suggestion for a noob on what can be done?
👍  ,
properties (23)
authorwordsword
permlinkre-freebornangel-re-wiser-re-freebornangel-why-bitcoin-won-t-save-the-world-and-why-steem-has-only-a-slight-chance-20170325t021051176z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-03-25 02:10:51
last_update2017-03-25 02:10:51
depth3
children1
last_payout2017-04-25 04:46:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length176
author_reputation4,771,406,818,176
root_title"Why Bitcoin won't save the world, and why Steem has only a slight chance."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,835,175
net_rshares23,357,942,773
author_curate_reward""
vote details (2)
@freebornangel ·
Yeah, hang in here, and make your view known to your witnesses, this will all shake out over the next little while.
👍  
properties (23)
authorfreebornangel
permlinkre-wordsword-re-freebornangel-re-wiser-re-freebornangel-why-bitcoin-won-t-save-the-world-and-why-steem-has-only-a-slight-chance-20170325t180711264z
categorysteemit
json_metadata{"tags":["steemit"],"app":"steemit/0.1"}
created2017-03-25 18:07:15
last_update2017-03-25 18:07:15
depth4
children0
last_payout2017-04-25 04:46:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length115
author_reputation171,005,551,503,977
root_title"Why Bitcoin won't save the world, and why Steem has only a slight chance."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id2,842,156
net_rshares2,285,172,266
author_curate_reward""
vote details (1)