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RE: #NewSteem is Live by bryan-imhoff

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

Viewing a response to: @drutter/pwx9ja

· @bryan-imhoff ·
Thatโ€™s the result of the new non-linear rewards curve. Your vote will only have its full strength when applied to posts that garner rewards of approximately 20 Steem or more. If you vote in isolation expect your votes to be substantially weaker.
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vote details (5)
@drutter ·
$0.03
So to get more "strength", I need to vote only on comments that will receive at least 20 STEEM?
On top of all the other ways I've been downgraded today, this looks like it's going to be harder than ever to reach that $0.02 cutoff for payout.
And I've got 2 years of full time work behind me here. Think of the newcomers?! I also invested 5000 USD here to get my team started (which is now down to 450 USD). Imagine those who don't have 5 grand to invest here to get themselves started?
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vote details (10)
@bryan-imhoff ·
Correct. Itโ€™s important to note the โ€œstrengthโ€ of your vote will adjust dynamically after youโ€™ve voted, so even if itโ€™s worth .02 when you cast it, if the post goes on to earn 20+ Steem, thereby moving up the reward curve, your contribution amount will grow.

I preferred linearity, and yes, this system does make it much more difficult to give out small โ€œmicro rewardsโ€ in comments and one on one interactions. Itโ€™s meant to enforce โ€œconsensusโ€ of many people liking content. I think it has a chance to work at scale... if we get to a point of millions of active users, but in the short term, especially when combined with 50/50 curation,  it may slow the broader distribution of Steem and growth of a โ€œmiddle class.โ€
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vote details (4)
@davemccoy ·
> if we get to a point of millions of active users

honestly? I think you are a pretty good guy, but come on... this statement is so far from what has ***really*** happened it defies any logic at all.  

It will get worse before it gets better as people leave in droves.
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@smooth ·
One way to address the issue of microrewards and one-to-one interaction is with tipping and tip bots. They're pretty common in some other crypto communities but not so much on Steem.
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vote details (3)
@viraldrome ·
Stem will never get a million users. Ever.
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@davemccoy ·
the people that make the decisions will never understand that point.  But I get it, I'm just tired of wasting my breath.
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vote details (1)
@richatvns ·
well I can say that there are contests that get 20 steem upvotes all the time and give votes back and rewards....

I will not list them here, but I know of a few if you contact me through discord I will point you to them....
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vote details (2)
@thecryptodrive · (edited)
It's sometimes safer to rent Steem Power from blocktrades.us or dlease.io than to outright buy it, kind of a try-before-you-buy scenario, once price looks like it is starting to increase again then you can buy in and ride the wave up.
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vote details (3)
@madalchemist ·
I'm glad i didn't invest because that's a fucking retarded plan. The rich get richer around here
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vote details (4)
@smooth · (edited)
There isn't really a single "full strength" any more. Near 20 the votes will have "average" strength (in practice this applies for some range both above and below 20). Below 20 they will have less and above 20 they will have more.
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vote details (1)