I would prefer to allow posts to earn profit past the 7 days window (without any time limit). Probably it's super hard to do but would benefit good content creators (posts that attract new visitors from google etc.)
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I've been saying this for a while - I make films - it costs a lot to do that. What's my incentive to share them here exclusively if I can't earn past 7 days - what's the likely hood of me making 2k or more organically on a post to cover costs? Slim to none.
For example seemit have verifiable curated tieres of content quality..... things listed as gold tier may have an open pay out which still pays out every seven days......
Front-ends with ad-revenue could be a solution.
Did someone say ad revenue? I've been brain storming again. Came up with an idea to help create demand for STEEM by creating a Market for promoted posts, removing them from trending, and placing them as banners (publisher chooses from a list, like curating) inside posts. A simple click of the banner works as a vote for those hosting the banner, and that equals easy ad revenue, plus a percentage of the rewards from the promotions once paid out (they jockey for position much like the trending page within the market through the use of promotion bots) goes to those hosting the ads, much like curation rewards.
I've been yapping about it for a few days but I'm not sure if many are paying attention or noticing, which is normal... LOL!
That's a really interesting idea @nonameslefttouse!
Yeooooo that sounds pretty cool!
Did someone say “ad revenue?”
I wrote some of my ideas last year. I think the post is still relevant.
Which post are you talking about?
The one where I talked about advertising and (I think) revenue distribution schemes and stuff. I’d get the link, but searching on Steemit sucks.
Again something else I've been talking about for a while. I've worked for a number of blogs over the years. Always thought a ad rev supported frontend could be cool - mix it with the tiered quality system - better percentages for gold / silver / bronz.
what is front end with add revenue kindly explain
I agree with your opinion.This is one of the solutions.
This may be an inappropriate answer, but that would be better off in LBRY.io. My wish is that a marriage of Steem (Steemit) and LBRY would happen. As far as can tell, it is the answer to many problems.
Can that happen?
I don't know much about LBRY but I think that would basically mean joining two different blockchains and that's not likely to happen.
I am not a developer, but I was thinking a front end that put the two together. Even if the inputs and outputs were two cryptos, it seems reasonable enough to me. Maybe it could use a token and only pay out in LBRY and Steem at certain points or times.
I don't know, but I hope some developer hero will consider or figure it our someday.
It's not that it's super hard, believe it or not. It's that it creates a blockchain bloat problem and there are many non-consensus solutions to that problem the most obvious one being reposting.
The most important point I want to make here is that the decisions that are made with respect to Steem are always based on scalability and utility for developers. Developers need to be able to do what they need to do and they need to have confidence that the platform is going to scale with their needs. Not every thing needs to be fixed on the blockchain level. In fact, very few things need to be fixed on the blockchain level and the more things that are fixed on a blockchain level, the less scalable the platform becomes because blockchains by their very nature are difficult to update. Therefore, if the blockchain can be used as the backend, while a user interface can be used to solve a problem on the front end, then the front end solution should always be favored. Any project that violates this rule will not be scalable, regardless of grandiose (and baseless) claims.
So how can the problem of rewarding evergreen content be solved using Steem? Quite easily. On steemit.com we want to encourage new content. A platform that wants to focus on "evergreen" content can automatically repost content every 7 days on the backend without showing any change in the interface. If the content truly has evergreen value, no one will object. Another solution would be a dapp that only reposted a piece of content after it receives an upvote. E.g. A post is a year old. It has not been reposted. A user upvotes the post through a user interface. On the backend the post is reposted to Steem and given an upvote by that account. From the user's perspective the content creator's post was rewarded. From the content creator's perspective they were rewarded for their evergreen content. Nothing was changed about Steem. Steem remained scalable. Blockchain dev time was spent on something more important than solving a problem that was easily solvable on the front end.
Now I've heard the response to this: it's too complicated. Actually, it's quite simple for developers and if a developer can't code this, they're not really a developer. The reason we have a 7 day limit is because most content receives most of its votes in the first week and infinite payouts leads to infinite blockchain transactions, which is unscalable. The fact that most content receives the majority of its rewards early on means that infinite payouts are an edge case, i.e. not mission-critical like hivemind, SMTs, sign up, etc. The fact that infinite payouts is not scalable, means that you would be destroying the blockchain for a non-critical edge case. Why are infinite payouts not scalable? Because if a potentially infinite number of posts can receive votes for a potentially infinite amount of time, then the number of transactions will trend toward infinity. It's also important to remember that most upvotes have very little value, so it's creating an infinite number of txs so that mostly low-value upvotes can be made to the blockchain (as opposed to UI-only upvotes). For this reason, post rewards need to be bounded somehow. The 7 day limitation is how the Steem community has chosen to bound the potentially damaging outcomes. Of course, this is an open source project, so if someone solves the problem in a scalable manner, submits a github PR, and there is consensus among the community that it should be adopted, it will be adopted by the witnesses and the blockchain will be updated. Anything other than a PR is just "tawk." Anything for which there is not significant consensus, is also, just "tawk."
All of that being said, I will reiterate that infinite payouts are already easy to code on Steem. We simply choose not to implement them because we do not believe they are right for this product. What the 7 day limit means is that developers have to consciously choose to increase the load on the blockchain and deal with the consequences if their app is interpreted is adding spam to the blockchain.
That was wonderfully informative and easy to understand as a nondeveloper. Thank you @andrarchy. Feel like I have a better grasp on the reasons for 7 day payout standard now.
Thank you @andrarchy from me too.
Some of us have already been considering this on @steempeak - https://steempeak.com glad to know we were thinking the same thing. And happy to see the more involved explanation @andrarchy
What do you think about another option on UI being that a vote could attach a reward to a new comment (hidden or not) our UI can continue to show the value of the POST going up and report but it's only having to create a new comment and that's better on bandwidth I assume. However there is the issue of dust votes for under 3 cents.
Anyway we have several other more pressing issues to focus on first as well.
But let me know what you think and I'll share this response to the rest of the team like @asgarth
Sounds like an interesting idea. The way we approach problems is that we want developers to experiment with the blockchain in whatever ways they think will add value to their app. If it threatens to break the blockchain, that just means that a flaw has been exposed (which is a good thing) and we need to work with the witnesses and the community to develop a solution. So go for it :)
Steempeak is fantastic. Heaps of cool, useful features.
If anyone's on the fence, take the leap.
That sounds like a cool idea.
https://tradeitforweed.io
https://smoke.io
You're very welcome, Steem
I've always thought the seven day window is ridiculous and there is no good reason for it. It's hard to discover good content on here and when I do, often the posts are older than 7 days and voting them up does not reward the content creator.
One trick I have tried to reward old posts is to comment to draw a reply from the author. Once they reply, you can upvote the reply.
Yes, that's one way to do it. What I hate though is when authors upvote their own replies.
Although it's considered a faux pas to self-upvote by some, at the best it's an aspiration for a more voluntary/gift-based economy (as opposed to exchange/barter), at the worst it's a needless idealism that causes unnecessary strife in the STEEM community.
Would you be the designated cook for a family gathering, do all the work, and then not eat any of the food yourself?
There are many people that come to STEEM primarily as investors. They don't really care much about blogging. Is 100% self-voting tasteless? In my opinion, yes, it's abhorrent. What about 90%? 75, 50, 25%?
This is subjective moralization of a system that, at its core, is intended to allow as close to maximum freedom when it comes to using one's own stake as possible. Guilting people for self-voting helps nothing. It's also quite useful to upvote comments in order to draw them towards the top of a feed.
If this behavior is agreed to be dysfunctional, then something huge needs to change about how the STEEM blockchain functions in order to de-incentivize self-voting. (Even then, people will just use alt accounts and find other ways to achieve the same end - maximum profit.)
Two basic ways to change the Steemit economy: 1) change the blockchain itself. 2) change the mentality/behavior of the users of the blockchain. The former is quite easy though requiring enough consensus. The latter is extraordinarily difficult, though capable of being affected by a single well- (or ill-) intentioned person.
I do agree, although there are some folks I know need help, so I'll upvote them anyway. Mostly, I don't upvote them as upvote themselves.
@valued-cutomer ,Very nice trick. Thanks.
Probably there's a technical reason, maybe it would eat up too much steem blockchain resources to track payout of every post ever created. Hope they'll figure it out :)
Save it for Hardfork 30!!!! Lol
They used to allow 30 day post earning but it was deemed wasteful. After the first 5-7 days no one really voted. which is one reason why we got rid of 1 day and 30 day payouts.
for most cases it would be true. i think they need to separate earning and payouts. the earning should be depending on upvote time and not the age of post. so if someone upvotes on day 15 of a post he should get rewards on day 22.
i found a few articles while researching on steem reward calculations that go 2 years in the past and i wanted to upvote but there was no point. We could also link it with a resteem so everytime a post is resteemed it would start a new 7 day cycle. so if i want to upvote i would have to resteem as well ( with a comment optional ) and the earning cycle starts again.
Aye, but it was the early days, I believe that today content creators would benefit from it.
Interesting, could try, if not, can go back any time
Yeah, but today no one really votes on anyone unless you have connections, deals or is a huge big whale. So no one with sub 5000k steem, high rep and a lot of ass sucking is earning anything at all. So people leave and look for other things. Better to at least have the POTENTIAL to earn after 7 days, than to guaranteed not to earn anything at all. Posts could potentially go viral weeks or months later if lucky strike. At least thats something. RIght now there is no reason to stay here for 90% of content creators. They earn zero..and after 7 days they can never earn anything whatsoever on that effort.
to become good content write we need time and practice and i believe this platform is giving opportunity to be one
My simple solution is to send full amount of upvote directly to the user after the 7 day curation payout has arrived thus allowing the author to continually make earnings off every post
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You have a very good point here cardboard, I second the motion.