Steem Is Not Ready For Anyone In A First World Country To Live On + Ramblings About The Internet And Decentralization

27일 전

I've read a few angry pieces resulting from the free downvotes introduced as part of the EIP affecting the authors themselves or people around them. One author who has been earning very high rewards (relatively speaking) consistently got hit by downvotes on one his clearly over-rewarded short videos. Apparently by accident, the rewards were hammered into negative territory. He made a post in which he stated that he was starting to lose faith in Steem.

One of the arguments he put forward in favor of his high consistent rewards not being subject to a single large stakeholder deciding they were excessive was that without stable high rewards professional content creators will not be able to sustain themselves on Steem income.

In my opinion, it is completely unrealistic to expect anyone in the first world to be able to live on author rewards from Steem at present. @themarkymark's website usesteem.com hasn't been working for a couple of weeks now. It had an up-to-date list of the top 500 earning authors on Steem. Interestingly, it is enough to earn about $100 per month get to the top 200. If I my memory serves me correctly, the top 5 includes authors whose monthly author rewards are about $500. Nobody earned even close to $2,000 per month. @burnpost came closest with about $1,600. The highest earning actual author earns less than $1000 per month.

Back in the first part of 2018, there were may authors at the top who were earning north of $10,000 a month and there was a long tail of authors earning hundreds of dollars a month.

What changed? Where the top earnings wiped out by the free downvotes?

No. They were eliminated by the average price going from about $4-$6 between 1.1.2018 and 28.2. 2018 to $0.12-$0.50 this year. SBD crashed from $1.5-$12 in the first half of 2018 to less than a dollar this year.

More importantly, author income on Steem relies on token inflation bought up by investors who believe in Steem the ecosystem growing and use case driven demand for the tokens eventually giving them sufficient value for the blockchain to be able to sustain itself and to content creation and curation. We are far from that. Steem is not a mature platform with a functioning business model. It's a three-and-a-half-year-old platform surviving on basically angel investor money and still a project under construction. It is where Quora was before attracting a sufficiently large user base to be monetized through advertisements. Quora succeeded. It had 200 million monthly active users in June 2018 and was valued at $1.8 billion at the moment. Steem was valued at over $2 billion in January 2018. The number of monthly active users was about 130,000 in January 2018 according to @arcange's statis (you can easily find the post on SteemWorld).

The number of monthly active users Quora had was three orders of magnitude larger than Steem's. Yet, their market caps were both about $2 billion at the time. Every single one of the users on Quora created content without any compensation whatsoever.

Steem is so much better than mainstream platforms even at its worst that it completely boggles the mind. When a normo, even a smart person capable of managing a set of four private keys, is told about Steem he has difficulty wrapping his mind around how awesome it is. He must be persuaded to join. That's why it is necessary to have Steem onboarding projects in the first place. Imagine that!

Steem, or rather the fact that people are not climbing on top of each other to join it, is the best proof that I've ever come across that Homo Economicus is a mere figment of a theoreticist's imagination. What the fuck are all those hundreds of millions of people slaving away on mainstream platforms such as Quora, crafting carefully thought out answers to difficult questions thinking? Oh, they want to help their fellow human beings and share their knowledge for free. Fair enough. But they've also made the owners of Quora TWO BILLION DOLLARS by working for free on their plantation. Why not try to be among the first 100,000 users on Steem to earn enough SP to generate substantial passive income for the rest of your life after the platform really takes off? And even if it never does, it will still be vastly better than mainstream platforms.

I've been an internet user for over 27 years. I remember the 1990's on the internet very well. When I first started using it in September 1992, the World Wide Web barely existed and there were no web browsers with a graphical user interface. Regular folks didn't even know what the internet was. It was mostly used in academia, large institutions and the military. The only social media in addition to Bulletin Board Systems was Usenet newsgroups and IRC (Internet Relay Chat). The internet was non-commercial, free and decentralized back in the day.

We are living in an age of wealth concentration of epic proportions. Web 2.0 has made it even worse than it already was. That's because the internet allows for applications to scale extraordinarily well. Many industries have been disrupted by internet companies. As a result, the concentration of wealth and power has got out of control.

It's absolutely necessary for the tools of decentralization to be developed to a point where the corporatist dystopia that we live in can be rolled back. There won't be enough money for everyone to live on posting pictures of their cat, and at this stage of the development of Steem, even to provide a stable income for professional content creators. But at least you're not earning zero while making a handful of people deca-billionaires. It is much more important to deny Zuckerberg and Bezos billions dollars rather than to become rich yourself. If you keep allowing that, they will fuck your republic over multiple times and then the whole world. That's what always happens with plutocracies.

You're making too little on Steem by doing what you'd do anyway on Facebook? Then go back to Facebook. Go on making its owners ever richer than they already are. Go on putting more tools into their hands to wreck your country. If you're not American, the same analysis still applies. These giant corporations are global. It's time to put a dent in their plans.

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In my opinion, it is completely unrealistic to expect anyone in the first world to be able to live on author rewards from Steem at present.

I agree 100%. Also, I found this insteresting to read but then realised about the 5 min mark and had to stop, wait for the time to vote for it and now I will continue reading...

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Thank you for you feedback! I hope you'll find the rest interesting.

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Yes, it definitely was. The photographs are also nice! :)

Hi @markkujantunen

You are very right with what you propose, since you live in the first world, and I know you say it with the whole property.

Now I live in a third world almost touching the bottom. and my reality that I can say is that due to the different economic factors that directly affect my country Venezuela I can say that what I do in Steem is enough for me to cover some expenses of my home and my family, especially as you know how to buy food something indispensable to live.

Note:

Thank you for using me as a reference of what is happening in my country, I always continue to advertise steem in the university and young people do not see the scope they have but I realize that there is always an average of 2 or three young people per semester than if They managed to enter the platform and they are still inside, which is something that fills me with joy for me since what they manage to publish also helps them economically in our country.

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It's good to hear that you've been able to onboard 1-2 students per year. That's actually great, although it would be reasonable to expect more given what you can do on Steem and the circumstances under which people are currently forced to live in Venezuela.

Agreed that currently and in near future an author can’t make a living with the steem income. Still I think this platform has a lot to offer than only income.

You get to know people, read a lot about different circumstances people live in. Read about dozens of experiences.

If you are good at making art, this is a place you can present your art piece. Broaden your audience and get steem as well.

If you make music, you must be here. If you are a traveler you definitely must blog on steem... if you develop software, there a so many opportunities to help with.

Not only money but also personal development, creating communities, being part of something big.

And it is f*cking fun to be here!
I never liked FB, but Steem I check every day and still have fun.

Posted using Partiko iOS

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One of the biggest advantages of Steem is that it's a loose community of early adopters. Despite differences of opinion, Steemians tend to be extraordinary people. You can tell when you meet them in person.

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Hopefully I can join one of the upcoming SteemFests in order to meet some in real person ;)

Hi @markkujantunen!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.093 which ranks you at #3618 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 90 contributions, your post is ranked at #9.

Evaluation of your UA score:
  • Some people are already following you, keep going!
  • The readers appreciate your great work!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server

My focus is on gaming. Steem can really shine in this regard. Imagine a decentralized game where users get paid to help develop the game. And I'm not talking about requiring those users to know how to code. There are plenty of game engines out there that greatly simplify the process of development.

There are millions of gamers out there willing to work for free and they produce very high quality content. The reward they get is being to use the thing they just built and distribute it to the community with ease. I can't even imagine what it would be like if they were actually getting paid real money to do so.

I can guarantee that the amount of money one would get tipped for developing a level, puzzle, or custom mini-game inside of a simplified engine would be far greater than that of creating blog/vlog content. In fact, the value is so high that it could easily be transitioned from a tipping model to a subscription model (if necessary) using non-fungible tokens.

The future is very bright for this entire space, even if it feels like everything is drowning at the moment.

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My focus is on gaming. Steem can really shine in this regard. Imagine a decentralized game where users get paid to help develop the game. And I'm not talking about requiring those users to know how to code. There are plenty of game engines out there that greatly simplify the process of development.

I agree with that.

There are millions of gamers out there willing to work for free and they produce very high quality content. The reward they get is being to use the thing they just built and distribute it to the community with ease. I can't even imagine what it would be like if they were actually getting paid real money to do so.

I believe there are many among those people who'd like to develop that into a source of side income. Steem has an exceptionally short Time-to-Value as anyone can start receiving upvotes right away. Also, no agreements are needed with anyone

I can guarantee that the amount of money one would get tipped for developing a level, puzzle, or custom mini-game inside of a simplified engine would be far greater than that of creating blog/vlog content. In fact, the value is so high that it could easily be transitioned from a tipping model to a subscription model (if necessary) using non-fungible tokens.

That makes sense.