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Topic: Steem pyramid scheme revealed - page 57. (Read 107064 times)

legendary
Activity: 910
Merit: 1000
legendary
Activity: 1708
Merit: 1049
August 03, 2016, 12:05:33 PM
Dan=dantheman?
sr. member
Activity: 332
Merit: 250
August 03, 2016, 10:31:47 AM
What about a steem clone on zeronet? What do you think about that anonymint?
sr. member
Activity: 336
Merit: 265
August 03, 2016, 09:12:51 AM
My reply on Dan's new reputation metric:

Problem with a one-size-fits-all (i.e. globalized) reputation metric is that it must assume that the wisdom of the crowd is unified. In cases where there are differing preferences, then wisdom of the crowd is either impotent or worse become censorship. In obvious cases where we all agree that @wang is a bot and we don't want to see his automated, redundant content then reputation works as an anti-spam filter. But I presume spammers can become more sophisticated so that we can't readily detect their numerous accounts and less redundant content. So I think ultimately only an individualized relevance metric will be useful. Your reputation algorithm I guess is needed to force spammers to become more sophisticated (i.e. more relevant), as long as it doesn't inadvertently cause censhorship. My concern with a globalized metric is it can become a tool of politically correct speech enforcement.
legendary
Activity: 2968
Merit: 1198
August 03, 2016, 08:53:33 AM
re. copyright, I don't know what the poster meant there. I took it to mean, for example, not ripping the photos and using them to print and sell calendars. I agree client processing of the blockchain is implied when you post it. Steemit already caches the images.

 

sr. member
Activity: 336
Merit: 265
August 03, 2016, 07:56:23 AM

What does that post have to do with copyrights? The poster (a semi-well-known community member) claims to be the photographer. Do you know otherwise?

How are you going to enforce his copyright on every UI creator? Programmers getting sued for not incorporating blacklists into their software. This will destroy the fungibility of the content.

The only restrictions must be encoded into the blockchain and they must be something that can actually be performed with code w.r.t. to the UI software's liability.

I don't think it is reasonable that only links will be stored on the blockchain and UI are not free to cache the images. What happens to the blockchain when those links stop functioning. We end with a lot of crap content on the blockchain with all external media lost.

There is a dilemma that needs to the solved if possible.

Copyrighted media is going to limit what people can build on top of the data. It is a pita. My stance is leaning towards don't publish to the blockchain if you want to retain copyright.

Copyright is a major inhibitor of the coming knowledge age. We need to scrap it.

Remember from our recent agreement on chatting being paramount, that the value is in the interactivity, not in the static content. The knowledge creation is ongoing in the networking.
legendary
Activity: 2968
Merit: 1198
August 03, 2016, 07:46:49 AM

What does that post have to do with copyrights? The poster (a semi-well-known community member) claims to be the photographer. Do you know otherwise?

Quote
Here is why OpenLedger is probably going no where and what we can possibly do about the problem of centralized exchanges:

Not only what you said but to trade on open ledger you have to deposit your assets with a custodian. So you have essentially all the same risks as trading at Bitstamp, except with a less efficient trading engine.
sr. member
Activity: 336
Merit: 265
August 03, 2016, 07:40:35 AM
Very astute blog post:

https://steemit.com/steem/@inboundinken/steemit-vs-facebook-how-can-steemit-compete-with-the-blue-giant-7-strategies-to-look-into#@anonymint/re-inboundinken-steemit-vs-facebook-how-can-steemit-compete-with-the-blue-giant-7-strategies-to-look-into-20160803t112446815z

I started off thinking I was going to hate the following linked blog because of the association with @complexring, but I ended up finding it very interesting and informative to my life knowledge and perspective:

https://steemit.com/introduceyourself/@claudiop63/portrait-of-an-innovation-addict-my-journey-from-quantum-chromodynamics-to-cryptos-going-through-cern-and-lots-of-other-places#@anonymint/re-claudiop63-portrait-of-an-innovation-addict-my-journey-from-quantum-chromodynamics-to-cryptos-going-through-cern-and-lots-of-other-places-20160803t114115854z

I downvoted this post that smooth upvoted. We have a dilemma on our hands with copyrights and blockchains:

https://steemit.com/photography/@anyx/northern-california-a-reminder-of-how-beautiful-nature-can-be#@anonymint/re-anyx-northern-california-a-reminder-of-how-beautiful-nature-can-be-20160803t114758231z

Here is why OpenLedger is probably going no where and what we can possibly do about the problem of centralized exchanges:

Bitshares' OpenLedger is decentralized exchange on the same blockchain of pegged assets. This is not equivalent to decentralized exchange of the actual assets between blockchains. For one reason in that pegged assets don't precisely track the price moves of the asset and they don't give you diversification of holding the assets (e.g. diversifying blockchains). Not to mention that OpenLedger is not popular and thus has insufficient volume. The latter has been impossible to implement because of a jamming vulnerability, but I have recently privately proposed a solution.
legendary
Activity: 2968
Merit: 1198
August 03, 2016, 06:19:55 AM
I earned about $1300 from a couple of posts on steemit last week, I still have absolutely no idea where the money comes from, other than guessing its in the "locked" up funds in everyones steem power, hence why you cant sell for 2 years.

I exchanged every bit i could on Poloniex and have about $700 of steem power.

If i intend to sell this, do i have to wait 2 years first and then sell, or do i have to initiate the sale now and it will unlock automatically in 2 years time?

Perhaps it will be worth big $$$ then? Who knows? It depends if this thing takes off more than facebook or not.

You choose the "Power Down" option in the wallet. That initiates automatic weekly transactions (starting 7 days from the time you choose the option) which will each liquidate 1/104 of your Steem Power, turning it into STEEM (which can then be sold on an exchange). During that time your Steem Power will continue to grow in value of STEEMs (market value of course is unpredictable) so the weekly payments will be increasing amounts of STEEM.

If you earn more Steem Power, and you want to cash that out too, you have to restart the power down to use the new amount. Otherwise only the original amount will be liquidated over two years.

It is apparently also possible to cancel a power down at any time in the future.

Correct.
sr. member
Activity: 336
Merit: 265
August 03, 2016, 06:18:46 AM
I earned about $1300 from a couple of posts on steemit last week, I still have absolutely no idea where the money comes from, other than guessing its in the "locked" up funds in everyones steem power, hence why you cant sell for 2 years.

I exchanged every bit i could on Poloniex and have about $700 of steem power.

If i intend to sell this, do i have to wait 2 years first and then sell, or do i have to initiate the sale now and it will unlock automatically in 2 years time?

Perhaps it will be worth big $$$ then? Who knows? It depends if this thing takes off more than facebook or not.

You choose the "Power Down" option in the wallet. That initiates automatic weekly transactions (starting 7 days from the time you choose the option) which will each liquidate 1/104 of your Steem Power, turning it into STEEM (which can then be sold on an exchange). During that time your Steem Power will continue to grow in value of STEEMs (market value of course is unpredictable) so the weekly payments will be increasing amounts of STEEM.

If you earn more Steem Power, and you want to cash that out too, you have to restart the power down to use the new amount. Otherwise only the original amount will be liquidated over two years.

It is apparently also possible to cancel a power down at any time in the future.
legendary
Activity: 2968
Merit: 1198
August 03, 2016, 06:12:18 AM
"75% of the post value goes to the author. 25% goes to the voters.

Of the portion going to the author, half is in Steem Dollars and can be immediately cashed out. Half is in Steem Power which takes two years to cash out (but many users are not even trying to cash them out at this point).

So for a $5000 post, about $3750 would go to the author and of that $1875 could be immediately cashed out. Currently Steem Dollars are trading below par which reduces the value somewhat more, but still probably something like $1500 or more could be in your pocket as fast as it takes to trade the crypto and cash out the Bitcoin.

I hope that didn't constitute mumbling."
Please stop talking this bullshit !!!
You dont get 75%.
example my post got 550$ and i get 300$(150$ in steem power, and 150$). This is not 75%.
And what about https://steemit.com/steem/@satoshifpv/live-debate-update-how-my-post-went-from-3-000-to-3#@btc.ctb/re-satoshifpv-live-debate-update-how-my-post-went-from-3-000-to-3-20160801t222321686z this guy?

Post values fluctuate until payout based on:

1. Changing votes on that post
2. Changing votes on other posts (since all posts draw from the same pool)
3. Changing market value of STEEM

Until a payout actually occurs, the amounts shown are fluctuating estimates. They could go up, go down, or stay the same.

I can assure you that once the payout time was reached you did indeed get at least 75% of the then-current payout amount, and possibly more. The code doesn't do anything other than that.

I earned about $1300 from a couple of posts on steemit last week, I still have absolutely no idea where the money comes from, other than guessing its in the "locked" up funds in everyones steem power, hence why you cant sell for 2 years.

I exchanged every bit i could on Poloniex and have about $700 of steem power.

If i intend to sell this, do i have to wait 2 years first and then sell, or do i have to initiate the sale now and it will unlock automatically in 2 years time?

Perhaps it will be worth big $$$ then? Who knows? It depends if this thing takes off more than facebook or not.

You choose the "Power Down" option in the wallet. That initiates automatic weekly transactions (starting 7 days from the time you choose the option) which will each liquidate 1/104 of your Steem Power, turning it into STEEM (which can then be sold on an exchange). During that time your Steem Power will continue to grow in value of STEEMs (market value of course is unpredictable) so the weekly payments will be increasing amounts of STEEM.

If you earn more Steem Power, and you want to cash that out too, you have to restart the power down to use the new amount. Otherwise only the original amount will be liquidated over two years.
legendary
Activity: 1918
Merit: 1001
August 03, 2016, 05:29:34 AM
I earned about $1300 from a couple of posts on steemit last week, I still have absolutely no idea where the money comes from, other than guessing its in the "locked" up funds in everyones steem power, hence why you cant sell for 2 years.

I exchanged every bit i could on Poloniex and have about $700 of steem power.

If i intend to sell this, do i have to wait 2 years first and then sell, or do i have to initiate the sale now and it will unlock automatically in 2 years time?

Perhaps it will be worth big $$$ then? Who knows? It depends if this thing takes off more than facebook or not.
sr. member
Activity: 336
Merit: 265
August 03, 2016, 05:21:03 AM
You are free to believe that someone who has been downvoted to oblivion in the past has the "right" to have his posts visible to everyone, so please make an alternative to steemit.com(now that they opensourced the code) and offer to the "uneducated masses" the oportunity to view all those "quality"/crapy/spamy posts that "evil" Dan is hiding from them!

I do think it would be better if individual users had the ability to control the rules and thresholds for hiding, add exceptions, etc. Maybe that can be added later.

+1

There is always room for impovements/fine tunning

In my opinion, a key factor is making that happen automatically like magic, not some manual tsuris that the user has to maintain.

Cognitive load on the user is a big factor in good design.

I won't bother to mention why I think Steem's design can't accomplish that and why I think I can, because again that will just be another motivation to attack me. So it is better I didn't even respond any more, which I think is what I will do.

So that smooth can't tell me that defending myself against abuse is not appropriate.

So end of discussion. Hope that makes you happy.

sr. member
Activity: 336
Merit: 265
full member
Activity: 377
Merit: 110
August 03, 2016, 04:50:26 AM
"75% of the post value goes to the author. 25% goes to the voters.

Of the portion going to the author, half is in Steem Dollars and can be immediately cashed out. Half is in Steem Power which takes two years to cash out (but many users are not even trying to cash them out at this point).

So for a $5000 post, about $3750 would go to the author and of that $1875 could be immediately cashed out. Currently Steem Dollars are trading below par which reduces the value somewhat more, but still probably something like $1500 or more could be in your pocket as fast as it takes to trade the crypto and cash out the Bitcoin.

I hope that didn't constitute mumbling."
Please stop talking this bullshit !!!
You dont get 75%.
example my post got 550$ and i get 300$(150$ in steem power, and 150$). This is not 75%.
And what about https://steemit.com/steem/@satoshifpv/live-debate-update-how-my-post-went-from-3-000-to-3#@btc.ctb/re-satoshifpv-live-debate-update-how-my-post-went-from-3-000-to-3-20160801t222321686z this guy?
legendary
Activity: 910
Merit: 1000
August 03, 2016, 03:02:38 AM
You are free to believe that someone who has been downvoted to oblivion in the past has the "right" to have his posts visible to everyone, so please make an alternative to steemit.com(now that they opensourced the code) and offer to the "uneducated masses" the oportunity to view all those "quality"/crapy/spamy posts that "evil" Dan is hiding from them!

I do think it would be better if individual users had the ability to control the rules and thresholds for hiding, add exceptions, etc. Maybe that can be added later.

+1

There is always room for impovements/fine tunning
legendary
Activity: 2968
Merit: 1198
August 03, 2016, 02:03:48 AM
You are free to believe that someone who has been downvoted to oblivion in the past has the "right" to have his posts visible to everyone, so please make an alternative to steemit.com(now that they opensourced the code) and offer to the "uneducated masses" the oportunity to view all those "quality"/crapy/spamy posts that "evil" Dan is hiding from them!

I do think it would be better if individual users had the ability to control the rules and thresholds for hiding, add exceptions, etc. Maybe that can be added later.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
August 03, 2016, 01:43:07 AM
Getting back to why a vendor or purchaser would use steem over amazon.

Other than the efficiency issues of globalized banking markets--we have amazon's manipulation of purchase to consider. Let's say that I want a copy of Bruce Lee's teachings on martial arts, I go to amazon, search and get results (they're of course skewed towards buying from amazon rather than a vendor and entice you with free shipping), of course this free shipping starts at a $25, but when I go to buy something else I get the $49 and up choices, so fuck it, I'm buying a used copy at a higher price with a shipping delay from a private vender?

I did--but I can wait, don't care that it's used, and have no problem paying a few bucks for what I want and not the additional crap amazon is pushing.
legendary
Activity: 2968
Merit: 1198
August 03, 2016, 01:32:50 AM
What do you think my assumption is?

In my recent discussion with smooth about scaling, my point is that somebody has to pay for the scaling. So that design which scales 100 times more efficiently, may end up making a huge difference in the economics of the site, since users need to expend a resource in order to pay for their activity on the system, else you have to take this resource out of "profit" of the system.

Smooth was I presume thinking that I was saying that a given design could not scale physically, i.e. that it would exhaust the practical physical resources on earth or available in data centers. My point was about the relative cost of scaling. I don't yet know whether this is a significant enough cost to make it a priority issue.

My perspective on scalability there was cost-per-user. With respect to the web portion, it doesn't change much if at all regardless of number of users. It may still be too high, but I would describe that as a question of efficiency more than scalability. I don't disagree with your point that some aspects of it are probably inefficient. Open sourcing it may help.

Regarding the (believed incorrect) hiding of posts, there were some bugs with the reputation system that was rolled out. It has been fixed I think.

If this is your assumption, you are going to be wearing an asshat soon.

I am the real deal, and eventually you will be forced to realize it. But you can keep telling yourself these lies if you wish.

Look I don't intend to create animosity with you, but if you are going to slobber your sloppiness and fling it at me, projecting your errors in reading comprehension and understanding as false accusations of myself making assumptions, then of course there will be strife. I'll respect you when you stop just assuming I am jealous or ignorant, and come to realize who I am. But of course, you are predisposed to think of me the way you do. So the only resolution of this is when I kick Steem's ass.

Brother, statements like this don't help at all. Better to just do, rather than talk and talk and talk about what you are going to do. Or don't, but realize these sorts of statements don't help anyone including you in any way.

Quote
Enough words already! Action.

Exactly
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