RE: Its all about the Benjamins -- Or is it?
It's funny that you brought this up because I just made a similar comment earlier to another user regarding a misconception about something I had mentioned on my post. It was a question of "piling on."
I agree that the reason isn't necessarily related to curation rewards. In fact, I have stated many times that whales actually earn a generally lower percentage on their curation returns than most active curators. Too many people look at the total SP distributed via curation rather than the percentage of their stake that is earned.
For example: When I spend more time curating, I can typically earn anywhere between 0.05% and 0.1% in SP returns on any given day. Most of the whales are earning closer to 0.01%.
Of course, there are some exceptions. If you look at val-b, for instance, over the past month, he is earning percentages between 0.04% and 0.07% regularly. And the actual SP amounts are fairly large (over 1,000 per day, many times), which is why making these accounts more active in guilds isn't necessarily the best idea. They crowd out all other curators and further increase the disparity of stake while also lessening the influence of smaller stakeholders.
Im not sure if its an arrangement or he just got lucky, but val-b does well on curation, at least partially, because when he and berniesanders vote for curie posts, he always gets to go first (and also seems to go before most of the SP weight of the whole trail)
But yeah i agree with the rest.
Edit to add -- he mentioned in another thread that all the curation rewards he earns that way go back to curie.
This was not by design and I am no longer supporting Curie. I believe there used to be a place for such a guild in the past but no longer see such a need given the impact they are currently having on rewards.
Can you explain that further? I'm no longer qualified for curie, so I'm not asking that question for myself but rather friends and family that I've been working on recruiting to the platform.
Based on my own experience, as well as the experiences of a rather large number of people I've had the privilege of getting to know over the past two and a half months, curie embodies the slogan "come for the rewards". Without this guild, most new users would be lucky if they broke fifty cents on any of their posts. And possibly more importantly, without this guild many of these same users would not have caught the attention of those with enough sp to impact their posts once they were no longer new.
The biggest problem I have with every argument I've seen concerning the guilds over the past couple of weeks, is that for the most part, the loudest of those who are adamantly opposed to the guilds happen to be among a very select few that have consistent support of certain whales, and therefore they appear to have no need of the guilds. Perhaps because they are friends with these whales, or because they were here at a time when many more whales were far more active on the platform and therefore it was much easier to attract attention, either way new people do not stand much of a chance of this happening for them.
Ive been pretty loud about thinking the guilds are some bullshit and i don't have the consistent support of any whales.
nesting
its hard to know exactly what voting would be like without the guilds, because they've been around, in one form or another, since jumpstreet.
My problem with the guilds is that their method of paying their curators works at cross purposes to their stated intention in two ways.
By taking a considerable amount of money from the rewards pool for cookie cutter content thats posted as a pretext for whales to pay them for their curation, they make it so everyone gets fewer rewards, when their stated intent is to make everyone get more rewards.
By posting low-quality cookie cutter content, then elevating it to the top of trending every single day to make their payroll, they showcase bad content, where they propose to improve the quality of content on steemit by showcasing good content.
True. And I know that you actually do have steemit and its users best interests in mind. But I still maintain that without the guilds there would be far fewer people getting recognition. Unless you can show me how I'm wrong about that. I talk to a lot of people, and well over ninety five percent of them rely on guilds for the financial aspect of this platform. Yes, there are many whose rewards are inconsistent, which sucks, but their rewards are still coming from the guilds, which means they would have none without them.
But this is the actual point that I'm making, or the question(s) that I'm asking: I'm not attacking anyone, I'm just completely confused as to what it is the people arguing about the guilds are trying to achieve. What can be done that's better, how can it be done, and who is going to do it?
I should probably just stick with this and not make any other statements because every time I comment people tend to respond to everything but. Though I'll probably just be ignored.
By the way, the only thing that these posts of the past several days seem to have accomplished are less overall activity from the guilds...and the result has been less people making money, or making less money at any rate.
Yay.
I guess you missed the blog posts and comments from those who haven't had "consistent support" from whales. Maybe they haven't received as much visibility because of that, but they do exist - you just have to find them.
Regardless - is it not possible to separate the arguments made from the people making them? Because I honestly don't see why someone's earnings matter if their arguments are sound and their data is correct. That would be a fallacious argument to make against their position.
I haven't missed them, in fact I vote for them. Probably fifty percent of the posts I vote on make under a dollar because they got overlooked. But the point I was making is that without groups such as curie the number of posts making under a dollar would be a hell of a lot closer to a hundred percent. Because who else is spending their time looking for new users and good material and making sure it gets rewarded? If they were to dismantle tomorrow, who is going to step up and do what they do? Oh and a hundred times better than they do it, which is what people seem to be asking.
I'm not attacking anyone, I'm just completely confused as to what it is the people arguing about the guilds are trying to achieve. What is the solution, what can be done that's better, how can it be done, and who is going to do it?
Recently I wrore a post comparing reward distribution on Steemit and on Golos(Steemit licence for ru zone, no guilds so far) I guess you might be interested to have a look
https://steemit.com/steemit/@svamiva/from-golos-with-love
Thank you :) But a really big difference, I think, is that golos is very new and therefore the whales are probably far more active on the platform. I think the only way to really compare the two, is to see how steemit operated in the beginning.
I truly hope that golos doesn't end up facing the same problems, and I'm glad that it's doing well in this department so far. Thank you for sharing that with me :)