RE: A review of the State of Steem forum on MSPwaves
"is it really necessary to have a seven-day time window for upvotes?"
This always surprised me about the steem blockchain. There was some mentions on the steem white paper about the "long tail" of content. Where those niche areas could monetise. However, the seven day window takes away from that.
If someone creates content that is useful after seven days, they don't get any reward. This creates incentives for users to make "disposable" posts and might be one of the reasons for content creators not putting in that much effort. Why spend a week or a month, shooting a great video if the income will stop after seven days?
You're better of writing a book, you will get royalties for decades.
This may also answer this question:
"• @paulag spoke about bloggers and vloggers generating masses of poor quality posts on Steemit due to chasing upvotes. She compared Dtube to YouTube, and I think it was @pennsif who pointed out that you can go onto YouTube to find out how to mend things, for example – but not on Dtube"
On YouTube, there is no seven day reward window, so you can spend that time creating tutorials on fixing a fridge or putting up a picture, because in the long run, you will get viewers and potentially ad revenue, but on a seven day steem reward window, it's just not worth it.
You make some great points there.
I can't see any reason for the 7-day window now. I could maybe understand it in the early days, when the idea was to build up enthusiasm and engagement. On Bit.Tube the payment is recorded and then goes into your wallet after a week. These are very small amounts, but it means that if you create a piece of work, it can go on earning passive income, and that in itself is a good incentive to create. Same on YouTube, as you say, although you have to satisfy certain conditions first.
Thanks @natubat.
It seems odd to cripple a system that could be so compelling to quality content creators. Although YouTube has ongoing income, it only can be monetised by larger accounts. This is where the Steem Blockchain could excel.... if only we removed our self imposed disadvantage... but we are probably more likely to see @ned reappear and play guitar than for this sensible change to be made.
Haha - yeah. We can but hope!