Proof Of Brain, Let's Talk About It
THIS IS NOT FINANCIAL ADVICE; THIS IS MY JOURNEY. YOU ARE RESPONSIBLE FOR YOUR MONEY.
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It's not about the little trickle of inflation out from the dam. It is about breaking the dam hodling us back.
I am not so concerned with maximizing my rewards every time, sometimes I am early to a post, set a 30min timer on my phone so I remember to upvote it, just to give honest curators better rewards.
I have been 100% manual with my upvotes and downvotes since the new EIP was put into place.
I want to see a shift and change in the culture of Steem. I want people to see they don't need to buy votes, and how doing so destroys proof of brain.
We are already seeing the trend move. OCDB is switching to full manual organic curation. Platforms that encourage curators are what will really make Steem catch fire; 3Speak is committed to this goal.
SMTs are branches and Steem is the tree.
▶️ 3Speak
Amen to that.
Great to hear your passion and enthusiasm as always.
Also, great to hear your ethos about making the platform as fun and rewarding for everyone as possible. It's the way forward and I've been saying for nearly a year that it's the only way to bring back many who've left, and build a better steem for those still to join us.
I know I've been critical in the past, and that criticism has always come from a place of wanting to see steem succeed. I've also commented somewhere - can't remember where - about the risk of nullifying steems reward mechanism with SMT communities. I'm not even sure where I land on that anymore. I can see that even if that becomes the case, steem token will still have demand (leasing SP and RC's for community and business interests who want to leverage SMT tokens/communities) but I don't want to see it go the way of no proof of brain on steem.
I can kind of see a future where the people creating content (that earns high rewards) on steem become less, and the new onboarded masses gain most of their rewards from the SMT token that's attached to the community they produce content on. But as you point out - and lukestokes made the comparison with Eos - without people/stake active on steem (voting witnesses as well as making content) who keeps steem's governance structure functioning?
It's for that reason, and others, I'm definitely of the mind that we need to keep pushing steem as a place where people can create, curate and have some fun interacting with people all over the world, and be rewarded for that. This is the dream! This basic functionality of steem is the apple hanging from the tree. It is the USP... whatever you wanna call it. It's the thing that is nowhere on internet 2.0... a truly unique system that the vast majority of the world don't even know exists.
Lol, the steem dream I need to write a post about 😉
If we forked the voting out of steem in an attempt to boost some other functionality and let all the reward mechanism go to SMT communities, it would be like spending three years hand carving and polishing a gem, then throwing it in the trash because there are one or two flaws.
Anyway, I'm down with #newsteem now. I've had my head turned around by what has happened with getting rid of crap on trending and the massive reduction of bidbot use. And even more impressed with some bidbots turning to manual curation to help support content creators while earning from curation rewards for their delegators. It's a brave New world 🙂
P.s. I love your analogy about the tree and the branches
@theycallmedan, SMT's are Branches, Steem is Tree and Steemians are Roots. And manual Curation is the real beauty because it's adding that human essence and it shows the Organic Consumption Trend. Keep up the good work brother and stay blessed.
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Excellent, I agree. I'm glad that proof of brain is starting to work again, it is the core feature of the system really and without it most things fall apart. I wish more people would grasp that. I am currently planning a new app that is in alignment with what you are saying here.. I have no ETA though. :)
Thought about this recently as well. On the one hand, I'm in favor of reducing the inflation and making Steem harder to get once SMTs are around. (@exyle made a video about it today) But on the other hand, the 16% inflation (excl. SBD conversion) is really not much in comparison to the 90%+ value loss we had over the last 1-2 years. But anyway, good to have such an optimistic voice as yours in these times. Highly appreciated!
And just some quick feedback: your endings feel a bit too abrupt and harsh to mee (I'l kill it here. Cheers. Bye) in comparison to the extremely deep main topics.
I think the inflation fall rate will surprise people, like when the first snows come in the winter - every year. I also think that in a few years from now it might be sped up.
Do you want a cuddle after? :P
I totally agree that we have to become the owner of our debt and make those changes to get things to change. Curation is a very good thing that enables us to appreciate what others share.
Ren
!thumbup
So, what are the fruits?
I feel like you definitely have the right attitude with your preference for creating value over simply extracting it. Lots of people believe that all the value from STEEM comes from the reward pool, and that just isn't true. Who wants to keep stacking inflationary tokens that keep sliding down in value? We need people to come arrive and be so confident, they rush to exchange to buy some stake on the platform.
I have tremendous respect for the folks that have grinded out a stack of inflationary STEEM, but we need demand for all the liquid STEEM out there. If you're here and haven't picked up a little off the exchange at these prices, why not?
I am eagerly waiting for SMT and curation is the key now. Manual curation was needed to be honest for undervalued quality content creators. I still remember how you have spent your precious time on manual curation and really this balance was needed between curators and content creators...
Stay blessed and really appreciate what you do for this blockchain...
Posted using Partiko Android
I think that PoB is going to expand massively and include much more than just Steem Power eventually. I think I should write something about it :)
Strong philosophies and vision, as ever. Always enjoy your commentary on this ever changing crypto space.
I'm going to start using 3Speak :)