When you're short on SMOKE POWER

9 months ago

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Let's talk about curation for a little bit. Curation is really important, OK? I like the approach Smoke has implemented toward rewarding 50/50 authors and curators. I think this makes a huge difference than the 75/25 scenario on Steem. Of course, every author wants his posts to be the subject of attention on any social platform. Everyone has something to say. But if no one reads your blog than what's the point? Making small crypto on the side? Draining the rewards pool?
Excuse me for the comparison, I know Smoke is not Steem, but for now, it's the closest thing out there among the other blockchain social platforms. Some call it a success, I beg to differ! A social media without genuine readers and organic traffic is destined to fail unless some kind of miracle happens, or whales pump up the market cap. Steem really underestimated the power of curation. Why go for a fraction of a 25% cut when you can get the whole 75%? This created a platform where curators blog just for the rewards, creating a shitpost community. 95% of the posts on Steem are pure garbage. But what's worse, the best authors don't stand a chance against the powerful guilds and voting bots. If you are a good writer it should be easy to reach more readers, right? Unfortunately, this is not the case. Sooner or later one realizes that Steem is a rigged game. It has become a market for votes. Either you play the game or the game plays you.
The devs on Smoke did their best to take out all the things that can potentially harm the platform, like getting rid of the SBD, because it is a backdoor for massive rewards drainage. The 50/50 split between authors and curators is also a good idea, as it will incentivize users to be more active in the comments section. But one thing bugs me. YOU NEED 50 000 SMOKE POWER in order to manage your voting power more efficiently. Only then you get a slider with which you can choose the percentage of your votes. Even though by today's prices 50K SP is not that much, it really sets a high bar for curators and newcomers in the crypto space. Users below 50K need to be really careful when, how much and to who to cast their votes. An average user has about 10 "strong" votes a day before his voting power decreases dramatically. What do you think, is 50K a fair bar? Will lowering this threshold help or harm SMOKE?

#meme #smoke #steem #blog



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As a creator I’ve always been opposed to the 50/50 split. That because to be entirely honest it’s brutalwhen comparing to more traditional platforms where usually it’s 70/30.

I’m still against 50/50... on Steem. Because the platform has been outgamed already and right now the only thing that could fix it again would be the first four digits behind the decimal being 0.

On a new platform, with a new community, and a community willing to adapt... it’s been marvelous.

But let’s not kid ourselves... there are brutal wars to come to protect this platform from the negatives/mechanics found elsewhere.

But it’s absolutely worth doing so.

I think at this early stage even the 50k slider makes sense. But to be honest... that’s easiest thing to change/circumvent.

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As I said, curation really need to be the king here for this wonderful platform to kick off. If we play our cards right Smoke just might win the fights that are ahead of us. I really want this place to create the foundations for a working fair rewards distribution. In the end of the day this is what will keep people engaged and willing to invest their time and money on this platform.

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There’s some people here who are killing it with curation. I think I belong to them too.

Of course, in that model the temptation for large accounts is huge and thus that means that delegation is a no-go (unless there’s additional layers of rules).

50/50 is also an excellent hook for future businesses (dispensaries, seedbanks, hardware manufacturers) to HODL rather than to see it as yet another marketing [reach] and subsequently token to dump ASAP.

Right now I only wish that all minnows, budding dolphins, future orcas understood that distribution matters. The stronger we can make the middle class, rather than grab those few extra SMOKE from a selfvote, the better the platform will be positioned.

My usual disclaimer on selfvotes applies, if you’re an orca or whale constantly distributing... by all means selfvote every day. If you live from curation/upsmokes... keep the wealth flowing and you shall receive even more. Some day there will be more content and some curators will stop rewarding selfvoters.

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I agree.
Smoke needs to be spread among many more people. We don't want a scenario where 1% of the people hold 90% of the stake. The more distributed Smoke becomes the fairer it will be, in theory.
I have second thoughts on self voting. I prefer not to upsmoke myself. I don't see how this is a winning strategy. It's kinda licking your own balls.
I have not touched the subject of delegation as it is a complicated matter. Again I don't think the tools are bad, but the way people utilise them. I would love to be able to delegate some SP to minnows if I had more than enough Smoke Power.

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Delegation is a beautiful tool but the so-called “hostile behavior” is a reality.

According to my list, only 22 people have a vote slider here

Yes, 50K is so high, It is not easy but we must do all our best ( blogging, curating, investing) to get it, as without it we can not manage our voting power efficiently.

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I think I'm just going to have to buy most of it while it's cheap.

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I’m pretty sure eventually that threshold will be lowered. I’m guessing 5k or 10k are reasonable numbers once we have several hundreds of active contributors every day.

Besides, anybody can simply spin up a fork of the smoke.io front end and remove that limitation. Or operate any other frontend with slider for everyone.

Yet, I still think at this early stage it’s a positive thing for distribution. But... for those who truly want and can’t wait.

I don't see any disadvantage, when we offer the slider for people with 10k of smoke instead of 50k?

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I think 10k is a realistic goal for most people with the current price.

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At this early stage distribution is better without. With only 10 votes daily recharging the focus is on rewarding rather than on maximizing curation rewards, which would also be an inevitable side effect of introducing the slider.

50k! U serious? Ill never make that

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Looks like we are going to have to invest some money.