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RE: The Difference Between Promotion and Curation, and Killing All Bots

in #steemit • 7 years ago (edited)

I will definitely be tuning into the Steem panel.
I think that outlawing the bots isn't necessary... but that would mean that most steemians would have to ignore them. With the "easy money" mind set happening, that seems hard to do.

Shameless plug:
Here Last week I interviewed @carlgnash. In these videos he discusses curation, curie, and upvotebots. Episode 1 is

The final episode #4 is about the upvote bots.

7 years ago in #steemit by
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     7 years ago  

    This is an issue which demonstrates a wide variety of diverse viewpoints, and I certainly ain't gonna hold my breath until everyone agrees I am right.

    I want there to be discussion, so people can hear considered positions, and give them thought. There are statistics which show real world results, and right now the situation is dire. Steemit is in trouble. New users are very much in trouble.

    Even whales are really suffering from the current situation, believe it or not. Of everyone involved, because of the significant stake they have involved, they have more at stake than anyone.

    There is a way to look at bots, whales, and Steemit that revolves around ROI. Bots allow whales to extract profit from their stakes, which makes their stakes in Steemit worth having in Steem. Take those vectors for profit away, and they have to have another reason to have stake.

    However, those bots, and the ease with which whales are extracting profit from their stakes, is preventing rewards from inuring to content creators to a terrible degree. User retention is horrible, with ~11% of accounts opened in 2016 still active today, and that includes all the bots.

    Bad user retention causes Steem to not appreciate, and the capital gains investors traditionally invest to attain aren't presently forthcoming. There is a 7000% difference in the gains in BTC and Steem in the last 6 months. Investors have other options, and have to ask themselves what to do.

    One problem they have is that most stake in Steem was mined, not paid for in cash, and the market for that Steem would collapse if they powered down and cashed out, making their stakes worthless, or worth little. They don't want that, and thus they can't just convert to BTC, until Steemit grows a lot.

    However, horrible retention is the effect of horrible distribution, and perhaps eliminating bots would fix that, causing Steem to appreciate rapidly, and rewarding whale's investments. Also, bots not voting is just the right thing to do, IMHO.

    I'm glad at least one person is gonna be there besides me.

    I look forward to hearing more of what you think about these matters!

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     7 years ago  

    "I'm glad at least one person is gonna be there besides me."
    There are numerous curation projects going and I would venture to say that most if not all are there.

    I've never really thought about it in terms of user retention but that is exactly what part of the main goal should be. Without users=no curators.