Topic: Steem pyramid scheme revealed - page 55. (Read 107064 times)

Not good, there is a not spiraling viral effect and with the 85% attrition rate we may just be in the realm of replacement of abandoned accounts:

Dan and Ned mentioned in the @dollarvigilante interview that the follow feeds should be live within a few more days or less.

Sometimes when I load Steemit, I seem to get the "active" board instead of "trending" even though I don't remember selecting "active".

So follow (Facebook friends and follows) + shares (akin to Facebook invites and Likes) and then we basically have a Facebook clone for discovering new (for now blog) content. And Facebook is adding in-app content (blogs, etc).

Thus upvotes should be more widely distributed due to more varied ways that users find content. But quadratic weighting will still apply to rewards, so afaics rewards will remain skewed by a financial incentive for groupthink for as long as quadratic weighting remains; and I explained upthread why I think it is a game theory catastrophe for Steem (within Steem's design for the attributes of STEEM vs. STEEM POWER, which afaics can't be changed in Steem's vested interests) to switch to linear weighting.

The other problem is that Facebook shares become spamming. My gf has even complained about this. It is because following someone for what they write does not mean you desire to follow everything they want to share with you. One example is your friends can spam you with invites for shit they are being paid to invite you to. Alternatively if Steem limits following to only the content of the person we are following (not sharings from them of other content), then follow feeds are not a way to browse new diverse new content so users must employ the existing ways to browse for that:


3. Finally found it and added to the text above:

https://steemit.com/steemit/@ntomaino/the-distribution-monetary-rewards-tradeoff-and-a-proposal-to-accelerate-disruption-of-incumbent-social-networks#@anonymint/re-ntomaino-the-distribution-monetary-rewards-tradeoff-and-a-proposal-to-accelerate-disruption-of-incumbent-social-networks-20160805t035246736z

If Steemit.com is still offline, then go here:

https://steemd.com/steemit/@anonymint/re-ntomaino-the-distribution-monetary-rewards-tradeoff-and-a-proposal-to-accelerate-disruption-of-incumbent-social-networks-20160805t035246736z

Impressive. So you mentioned our past (written) conversations might have influenced you to be tuned in to the possible value which might have influenced you to expend that effort to climb down the rabbit hole into the source code. Again that is impressive sleuthing.

I remember reading Dan's blog about how to do (and as compared to an ICO, the potential legality advantages of) a sneaky mine (which was around the time I was just starting to transition my understanding about the legalities of issuing crypto-currencies to my current stance) and I remember you taking note of it publicly on BCT. And I do remember pointing you towards the Larimers last year, and then myself just walking away after a few minutes in their Bitshares forum because I could see the governance for funding model of DPoS was REKTED which Dan now admits (he reiterates this in the recent interview with the @dollarvigilente). And I remember being aware of the plans for Peerplays as I was working on Jambox. But I don't watch ANNs because I am not into mining. And besides I was spread far too thin to be climbing down more rabbit holes than I already am.

What you see is a function of the front end, and currently there are only 6 ways to browse, none of them without their flaws.

Very, very soon, the follower feature will be activated and there will be an entirely different way to browse. Some people may be interested in the global pending-payout leaderboard (current default front page), others not.

 

Thanks yeah i forgot while i was worked up ranting away LOL

The start of it was not my point here commenting.

And some good topics wee laid out explaining it all with Steem too !

White paper wasn't available until later.

@Spoetnik. Steemit was not an ICO. The initial distribution was done with a "sneaky" mine. Although the mining phase was announced before it started, it apparently had minimal instructions on how to do it. This meant that the development team mined the vast majority of the coins. There apparently were a few others that managed to figure out how to mine as well. Now most of these coins are in a fund so they can offer people 3 Steem Power for signing up with Steemit. Was the initial distribution the most fair? Not really. 

I actually agree with you  

Crazy how we have such mixed views eh boys ? LOL

I see nothing good about Steem.
Although about 2003 / 2004 i made a series of steam cracks & emulators i put online
that was *sometimes* called Steem.. so everything i see on this reminds me off my old cracking work.

You guys recycle shit like crazy..
Like XPM was my tag i put on uploaded pirated content because of my name XPMULE
a decade+ before this coin shit.

Tacking some scheme that is rigged onto an ICO then yammering on about Block-Chains is legit ?
ya uhhh sure.. trade them on Poloniex guys ..let me know how that works out for ya

I have an idea for an ass-scratching coin.. will be doing my 5 million dollar ICO soon
Pay me assholes !
..hey sometimes your butt gets itchy
SO.. better ICO it before someone else beats me to it !

The Larimers and their associates are pimps 2.0 pure and simple.  They are making money by promoting (aka upvoting) this trash to entice the weak-minded morons to come see their prostitutes.  All the while they are dumping their Steem Dollars into the market which is propped up by these same weak-minded suckers who are buying in.  Once the Larimers use these "girls" to work over the saps, they'll leave with their real money BTC/USD and the "girls" and suckers will be left with worthless "Steem Dollars" which can't even be cashed out for two years.

The white paper wasn't available? If you figured out the white paper from the source code, I am impressed.

Probably not against Whac-A-Mole.

The solution is curation.

The question is: Can curation scale?

In the stand-alone form, I think not.

It'll take:

-automation (some bots automating some processes)
-delegation (like what smooth does with hired curators - or other forms of partnerships between whales and smaller accounts that help curate)
-decentralization (more dolphins and whales to handle increased content)

Afaics, Steem has no designed solution yet for plagiarism:


I think this problem can only be improved when account identities can't be Sybil attacked (i.e. are verified identities and the same person isn't allowed to create multiple disposable identities) and then when rankings and rewards more accurately reflect readership demand to squelch those accounts with bad reputations. To that end, I am currently contemplating that the rankings and reputation system needs to more resemble a WoT (Web of Trust).