I actually un followed you a long time ago because I really didn't like the way that you (used to) communicate on here. I don't disagree with what you've said here @kyriacos, and I think that a potential payout cap for each post could be a very smart way of going. I've also heard mention of potentially limiting the amount of time any post can spend on the trending page.
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Yes, limiting the time on the trending page is also a good idea. Actually the trending page should be ditched all together. Only hot content should flow. It doesn't make much sense in the reward scheme anyways.
Can't say I disagree with that idea. If a post is moving and getting votes it probably has a quality that people are enjoying, once that momentum slows down let other posts (naturally) take over.
Regarding the trending page or any post for that matter, what if we had a separate vote count on all posts that was simply about the quality of the post? Perhaps one could select from one to five points and that was summed anonymously into a total that represented the quality of the post and that would determine its trending rank. This ranking would be separate from payouts so it would be a non-financial reward.
In general I like the theme or trend of your post @kyriacos as I believe adjustments need to be made here if Steemit is going to prosper for the long term. I've been rolling ideas around in my head, however as a newbie I also need to get a better overall understanding of the operation here. I'm planning to write an article regarding the economics and how Steemit could be impacted.
I agree with your analysis that Steemit is currently riding a wave of enthusiasm for cryptos in general and the idea of getting compensation for posts is very attractive. But the question is if it is going to make economic sense in the longterm? The answer is going to depend on whether the content is of quality to a larger audience than just Steemers or if Steemers are going to pay to participate in which case it could become a zero sum enterprise.
I believe that economics will most always need to return to basic fundamentals. One cannot eat electronic ideas or art, nor cannot one sleep under an electronic roof or wear electronic clothes, unless you're Tron of course.
So far cryptos amount to a decentralized stock exchange and payment systems but do not meet the requirements for currencies. Recently, in thinking about what really makes a currency, one thought comes is what if people were paid to get an education as part of a more expanded currency generation system. Obviously education is something that is very important to a functional society. Is it possible that Steemit could move/expand in that direction to be more essential? LBRY is has a setup that could easily do that also.
Anyway this is a rather big subject but I'm tossing out a couple ideas. I'll be writing something more detailed so will give a shout out when I do to get a bigger conversation going.
You guys have a better understanding them I do but I will agree on limited time on the trending post. It's annoying to click over there and see the same post for what seems like days. I don't have any comment on whether or not to do away with it. I just like checking out my followers and the moving through the new, hot and trends to see whats else is going on.
yeap