Not sure to understand how a brand new competitor can catch up to steem easily. When they are 2 years of experience ahead , solved the scaling issues, etc.
I was making the comment for the current established authors like me @exyle and @donkeypong for example. For the minnows and upcoming author it might actually be a boon. Regardless, we can't escape the 80/20 rules. There will never be a time where distribution will be done "equally". It just means that the top end will be populated by people with huge audience rather than those with friends with a lot of SP.
Experience? At what? Failing?
They have not solved the scaling issues. Look at how few full nodes are run.
The only thing Steemit has going for it is the ridiculous amount of coins they hold. If they didn't have that, Steemit, inc. would not even exist. It's a shame they're wasting it on such low level talent.
Ditto!
Does it mean that in the end Steemit will perish?!
Those are serious flaws.
Snowden recently gave an interview saying that Bitcoin and Blockchain will not survive the bottleneck from the scaling issue.
Aside, I also run into one person with five account names! Lots of small issues have yet to solved as well as the plundering of the reward pool by some people! I think randowhale has been doing a thankless job which seems too big for most people to solve as the underlying structure of the system has not been corrected!
So, rando, I wish you would let go and let it be!
The end will not be pretty for most people as there are so many things happening in the background without our knowledge. We are just pawns in the bigger game!
I wish randowhale would be able to let go of his outrageous feeling about wrongdoers. Sometimes it’s best to let things go according to this law of karma! Somehow the cabal’s stooges have already infiltrated this community! They will try whatever means to control Blockchain and the crypto currency markets. And they will use ‘divide to rule’ to create diversions and preoccupations so that we don’t see the bigger picture.
Just like many things in life, there is a life cycle of beginning, growing, aging and decaying! Enjoy the ride when things are good. But be prepared for the unexpected and disappointments.
Blockchain will be allowed to flourish as long as it is still useful to the power-that-be! They need it to escape from the collapsing fiat system. Very neat really!
Best wishes to all ‘useless eaters!’
(That the term they call us!)
No one escapes the law of karma!
Nailed it!
Pareto's Law is a reality in every system in the universe; "There will never be a time where distribution will be done 'equally.'"
So long as Steemians keep their expectations in check, keep putting out quality content to grow their following, and continue to power-up their Steem, the way it all shakes out will be in their favour, regardless of the end game.
what is that video about?
The song is "Something Good", as in these potential changes could be extremely positive for Steemit.
Though I do share concerns that once big social media personalities start using or moving to Steemit, most of us smaller or casual authors are going to get squeezed out.
Thanks @retro-room!
That's correct, you nailed the meaning of my intent 👍 🤝
I love that song BTW. Especially that 2008 remix.
I think a brand new competitor especially has a chance of they are under the wings of a big company. Which provides them both money and knowledge. This could also be A steemit whale with a few millions USD.
Otherwise it will be indeed really difficult to catch up with Steemit.
How could it help people like me? I still think I will basically earn close to nothing.
Do you have any info about the current reward distribution? At this moment my feeling says it's more like 80/2 instead of 20. If you look at the amount of Steem people have its actually like 80/0.2. That's at least what I concluded from arcange his data. But that data did not say anything about the reward distribution. Do you know any data about that?
I like this idea to be so it is possible for people who have good content but who are not highly voted, due to small friends with high SP.