#NewSteem is exciting!


Before the HF21 there was a lot of complaints already beforehand how the rich are getting richer and the little guy is stripped even from the little he/she is getting. The reason people thought this way, was because they looked at the reward changes and assumed behavior will remain static, without a holistic view on the changes.

"People won't change their behavior."

Yet what I saw just minutes after the Hard Fork was several major stake holders getting their hands dirty in Trending with downvoting posts that were pumped with bid bots to an unproportionally high rewards relative to the quality.

Who would've known what a drastic action 2.5 free flags would start?

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Even Steemit is rolling with the #newsteem and while the change wasn't just an overnight shift, but due to a long process and shift in culture in anticipation of the Hard Fork which was just the spark to set the fire ablaze, I gotta say that Steem definitely feels like a new fresh Steem with much more dynamic.

We need more time to see where things stabilize, but we are off to a good start: there's some actual content in Trending. Of course there will be abuse and some flagwars too, I assume, but I think those who are abusing the free flags would've gone down the trollhall anyway. To give them couple more free flag is unfortunate, but you can't have it all in a fair decentralized system. However, trolls and abusers are few and between and with most people using their flags appropriately, I believe the result will be net positive. There's always going to be few malicious actors if there are no consequences for actions, so to have tools to fight abuse is necessary even if not always fun to do – and aligning that with individual goals, like was done with the separate downvote pool that will not have an effect on upvotes therefore with no direct consequences on user's curation returns.

It's somewhat funny to read comments just two days ago where people were overly dramatic how bid bot use will increase in order to reach the 20 STEEM payout treshold to get above the convergent curve, small users will be fucked yada yada... But again, this was with the assumption that behavior will stay the same – it didn't.

Now when there are real consequences to abusing bid bots – the possibility of losing money instead of having guaranteed return regardless of quality – it makes users much more careful. Unless they've been living under a rock, in which case they might get burned.

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Pain is a great teacher.

This also affects the bid bots who might be forced to actually start moderating their votes, because if they are making less on curation, the delegators will get less return and they might start to reconsider their investment strategy when return isn't guaranteed anymore. Bid bots might not go out of business, but what I imagine happening is that they will start to be much more careful with the content they're votes will be landing on. Well, if they want to keep their delegators happy, that is. If they don't care about the content, they will drive delegators away, if they start to care about the content, it means that bids will land on quality content. Either way, it seems that more value will be landing on quality content either by bid bots being more careful or from people downvoting the bidded post rewards which will return back to the pool. This is a key point to understand, because it means that the more posts are downvoted, the more other users rewards will increase. Taking away from a single user(s), and spreading it out to many.

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We can't know for sure what's ahead of us, Hard Forks being a very good example of that. How many have kept track of their predictions and the actual outcome? Even though the same data and knowledge is out there for all of us, we can arrive to different conclusions. While others see the accelerating speed as doom and inevitable fall, others see it as a launch into a controlled flight. Are we trained or born to see in a particular way or not, I don't know, but for myself I try not come to any strong conclusions beforehand – I'd rather wait and see how things turn out first before going up in arms to the streets so angry that I forget to put my underwear on.

And that's definitely something I'd rather not get blockchained.


Comments 13


The term "downvote" could almost be replaced with "recycle" and it might make the term a little more bearable for some.

I agree, we'll need to wait to see how it all shakes out. I've only ever had two posts above the $20 threshold, so I'm a little concerned, sure, but more determined to grow a network and keep building. Building something of value takes time and investment anyway.

Hopefully we'll see this newfound downvote power used more for good than evil!

28.08.2019 18:19
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The term "downvote" could almost be replaced with "recycle" and it might make the term a little more bearable for some.

I think there is a point to that term, front ends could apply that easily.

I've only ever had two posts above the $20 threshold, so I'm a little concerned

The threshold is 20 STEEM, so about 3.4 USD, so a bit easier to reach than 20 USD :D

Building something of value takes time and investment anyway.

Oh yes, blood sweat, tears, and most importantly FUD.

28.08.2019 18:26
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I might be one of those who has been living under a rock? I've never had a bot nor, have I ever down voted. I'm not running into the street without my underwear, but it's possible I will feel the burn by just wanting to play straight in terms of just wanting to relate to other free-thinking being's and not make this a money thing (which seems always to come with the corruption of greed/better than, etc.).

28.08.2019 19:28
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You'll be fine sense you're not abusing bid bots. Was talking mostly about people who pump their mediocre posts so much they reach Trending.

29.08.2019 05:02
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That's good to know :)

29.08.2019 19:05
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It's good to see the new system doing what it should. I'm not sure if bid bots were anticipated when Steem was conceived, but they have spoiled the proof of brain concept.

We are still seeing posts with paid votes on trending that are not getting downvoted much because they are about Steem and by more respected Steemians, but we new a better mix of trending posts. Big accounts should vote up quality content with a broad appeal to attract new users. Some should be giving themselves less self votes too in my opinion. We shall see how this evolves.

29.08.2019 07:45
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I'm not sure if bid bots were anticipated when Steem was conceived, but they have spoiled the proof of brain concept.

We're sort of a collective start up for an attempt to make a decentralized social media that is tied together with an economic system – something never seen before, so it's no wonder there's going to be unforeseen problems. There's no roadmap or guidebook how to make this stuff, all we can do is to ride through unknown territory and adjust on the way.

29.08.2019 16:17
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we'll see how things look in a couple of weeks or so when the dust has settled and the novelty started to wear off... then I'll decide.

29.08.2019 10:27
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Time will tell.

29.08.2019 16:17
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Hi @celestal!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.475 which ranks you at #2207 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 118 contributions, your post is ranked at #89.

Evaluation of your UA score:
  • Some people are already following you, keep going!
  • You have already convinced some users to vote for your post, keep trying!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

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29.08.2019 11:21
0

You got a 48.69% upvote from @ocdb courtesy of @celestal!

@ocdb is a non-profit bidbot for whitelisted Steemians, current min bid is 2 SBD and max bid is 12 SBD and the equivalent amount in STEEM.
Check our website https://thegoodwhales.io/ for the whitelist, queue and delegation info. Join our Discord channel for more information.

If you like what @ocd does, consider voting for ocd-witness through SteemConnect or on the Steemit Witnesses page. :)

30.08.2019 15:59
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This post has been manually curated by PhotoStream: The Photography Tribe!

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Congratulations, keep up the great work!
03.09.2019 13:59
0