Steem pyramid scheme revealed

[r0ach]

Where 50 rich Lords rule over large masses of penniless Serfs for all eternity...
In fact, eerily similar to the Hunger Games where Lords dispense lottery rewards to the odd Serf...

The Larimer games does have kind of a nice ring to it.

[1714674809]

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[smooth]

This pretty much sums it up and explains the 50% decline in usage in one month...

There is no 50% decline in usage aside from spambots.

The internal data is horribly corrupted by various rule changes (including some targeted at spam/spambots) and exploits (for example almost all new accounts by number are scammers).

External data show continued growth, but too slow to get anywhere significant if one extrapolates linearly.

https://steemit.com/steemit/@gavvet/the-state-of-steemit-com-growth
http://www.alexa.com/siteinfo/steemit.com

EDIT:

Google searches show a decline though (credit serejandmyself):

https://www.google.com/trends/explore?date=today%203-m&q=steemit

[limaphii]

In the mean time let stry and HELP people rather than tear them down


https://steemit.com/charity/@coexist/lets-coexist-on-steemit

[generalizethis]

Now that CK's back--I can get a life.

https://steemit.com/poetry/@generalizethis/a-steemit-poem

[iamnotback]

This pretty much sums it up and explains the 50% decline in usage in one month...

There is no 50% decline in usage aside from spambots.

The internal data is horribly corrupted by various rule changes (including some targeted at spam/spambots) and exploits (for example almost all new accounts by number are scammers).

External data show continued growth, but too slow to get anywhere significant if one extrapolates linearly.

https://steemit.com/steemit/@gavvet/the-state-of-steemit-com-growth
http://www.alexa.com/siteinfo/steemit.com

Thanks for that update. I haven't been updating myself on those the past 2-3 weeks or so.

Again very valuable experiment. Not likely to be the combination that onboards millions. But still awaiting ecosystem developments, which could alter the analysis.

(P.S. I believe I can do much better in Asia and developing world than Steem is, because of the type of content activity)

[AlexGR]

Extra motivation to destroy the Steem(it) whale model asap:

@misgivings is promulgating social decadence. He advising men and women to destroy their productivity and spend all their time on unproductive animalism.

Whales upvoting this shit over and over again.

Steem is descending into a cesspool culture.

=> https://steemit.com/msgivings/@bacchist/is-msgivings-a-sock-puppet-account  

[serejandmyself]

This pretty much sums it up and explains the 50% decline in usage in one month...

There is no 50% decline in usage aside from spambots.

The internal data is horribly corrupted by various rule changes (including some targeted at spam/spambots) and exploits (for example almost all new accounts by number are scammers).

External data show continued growth, but too slow to get anywhere significant if one extrapolates linearly.

https://steemit.com/steemit/@gavvet/the-state-of-steemit-com-growth
http://www.alexa.com/siteinfo/steemit.com

Thanks for that update. I haven't been updating myself on those the past 2-3 weeks or so.

Again very valuable experiment. Not likely to be the combination that onboards millions. But still awaiting ecosystem developments, which could alter the analysis.

(P.S. I believe I can do much better in Asia and developing world than Steem is, because of the type of content activity)

You could aslo view some info here

https://www.google.ru/trends/explore?date=all&q=steem

https://www.google.ru/trends/explore?date=today%203-m&q=steemit

There is a trend decline, but its not 50%

[smooth]

This pretty much sums it up and explains the 50% decline in usage in one month...

There is no 50% decline in usage aside from spambots.

The internal data is horribly corrupted by various rule changes (including some targeted at spam/spambots) and exploits (for example almost all new accounts by number are scammers).

External data show continued growth, but too slow to get anywhere significant if one extrapolates linearly.

https://steemit.com/steemit/@gavvet/the-state-of-steemit-com-growth
http://www.alexa.com/siteinfo/steemit.com

Thanks for that update. I haven't been updating myself on those the past 2-3 weeks or so.

Again very valuable experiment. Not likely to be the combination that onboards millions. But still awaiting ecosystem developments, which could alter the analysis.

(P.S. I believe I can do much better in Asia and developing world than Steem is, because of the type of content activity)

You could aslo view some info here

https://www.google.ru/trends/explore?date=all&q=steem

https://www.google.ru/trends/explore?date=today%203-m&q=steemit

There is a trend decline, but its not 50%

Thank you, that is a great additional data source I didn't think of. I will revise my post.

[iamnotback]

Relevant portion of quoted post:

The onboarding problem that every crypto has is the same. They can't get many users until they have many users.

Afaik, Synereo has no viable plan to solve that onboarding problem. People buying AMPs to promote content to users, doesn't work until you have many users. It is always the chicken or egg dilemma. Steem has showed how to onboard cryptogeeks, @dollarvigilante followers, and their gfs. But afaics (and stats agree) hasn't figured out how to onboard the masses.

I am interested to see what happens with Synereo. I am mostly biting my tongue lately about Synereo (although I commented freely in the recent Steemit.com blog about it), but I offer this summary above of my opinion.

[iamnotback]

Continuing my bloviating...the following video makes some good points (although I guess most of us know these already):

https://steemit.com/social-media/@piedpiper/helping-social-media-refugees-settle-into-steemit

[r0ach]

This article confirms my viewpoint that all digital currencies will follow the Ted Kaczynski model of technology always being a detriment to human liberty and freedom:

http://www.bloomberg.com/view/articles/2016-09-01/on-digital-currencies-central-banks-should-lead

They're spelling it out now in non-ambiguous terms that digital currency is just going to be gateway for things like a ban on cash, increased Keynesianism, NIRP, more taxation, etc.  In other words, no matter how it starts out, and might be beneficial in the near term, in the end game you will always be receiving a net loss.  Even with things like Monero, they will just force you to use a fixed address alias system for transactions to bypass the Monero mixer, otherwise you'll be considered a money launderer.  There is really no such thing as "fungible" digital currency as long as governments exist.

[iamnotback]

This article confirms my viewpoint that all digital currencies will follow the Ted Kaczynski model of technology always being a detriment to human liberty and freedom:

http://www.bloomberg.com/view/articles/2016-09-01/on-digital-currencies-central-banks-should-lead

They're spelling it out now in non-ambiguous terms that digital currency is just going to be gateway for things like a ban on cash, increased Keynesianism, NIRP, more taxation, etc.  In other words, no matter how it starts out, and might be beneficial in the near term, in the end game you will always be receiving a net loss.  Even with things like Monero, they will just force you to use a fixed address alias system for transactions to bypass the Monero mixer, otherwise you'll be considered a money launderer.  There is really no such thing as "fungible" digital currency as long as governments exist.

Disagree.

That article exemplifies to me how little the PBOC understands about this phenomenon. It shows they are far behind and are likely to get their butts kicked by crypto-currency and blockchains.

They can't take the lead and control, because it is a global phenomenon and they only control their own nation, and with VPNs, Tor, etc, they don't even control their own nation.

Providing a stable value and control over the money supply are not the point of crypto-currencies and blockchains. They entirely don't understand the phenomenon. I told you all upthread that the store-of-value function is not the killer app.

We are only waiting on the blockchain which onboards the masses with popular activities.

It will be very difficult to ban a popular activity which is deemed by the mainstream to be harmless and advancing technology, and to enforce taxation+KYC on zillions of microtransactions.

Edit: I continue to maintain my belief that Bitcoin was primarily driven by tinfoil hats and thus Bitcoin is not the killer app of blockchains:

https://steemit.com/bitcoin/@michaelmatthews/how-i-got-into-bitcoin

[iamnotback]

Interesting blog about Google's new RankBrain SEO algorithm:

Correct but still isn't really monetizing traffic from Google for the blog author, because really only the whales can impart any significant rewards. And 4 weeks is nothing. The content may be relevant and generating Google traffic for years.

Your blog post is interesting to contemplate. And it could help drive traffic to Steem(it), which one might presume would drive more usership. But readers aren't users. They have to actually signup to become useful in terms of onboarding crypto-currency to the masses. And they have to actually find it rewarding to do something with their registered account other than just read.

I still think the reward dynamics of Steem aren't viral.

In terms of Google's new RankBrain, it will also send more readers to Medium, which already has 25 million reader and 20,000 weekly active bloggers. What does Steem offer that is an advantage? A smaller audience?

[r0ach]

I put DAYS and DAYS of work making part 1 and part 2 of this post.  Part 2 isn't done yet, but part 1 is worth a read and should be useful to most people:

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-vol-4-prepping-for-the-end-of-the-world

[Zer0Sum]

This article confirms my viewpoint that all digital currencies will follow the Ted Kaczynski model of technology always being a detriment to human liberty and freedom:

http://www.bloomberg.com/view/articles/2016-09-01/on-digital-currencies-central-banks-should-lead

They're spelling it out now in non-ambiguous terms that digital currency is just going to be gateway for things like a ban on cash, increased Keynesianism, NIRP, more taxation, etc.  In other words, no matter how it starts out, and might be beneficial in the near term, in the end game you will always be receiving a net loss.  Even with things like Monero, they will just force you to use a fixed address alias system for transactions to bypass the Monero mixer, otherwise you'll be considered a money launderer.  There is really no such thing as "fungible" digital currency as long as governments exist.

Actually, I agree with you...
Lenin, "The capitalists will sell us the rope with which we will hang them"...
Government, NSA, CIA, Wall Street, "The crypto anarchists will build the Surveillance State to enslave themselves".

It's absolutely hilarious that Ethereum fan boys are excited because Thomson Reuters is sniffing around...
These people have absolutely no clue what a ruthless monopolist TRI is (I know, I pay them $$$ every month)...
A monopolist has zero interest in cost reduction or the welfare of it's clients...
To TRI crypto exists for the sole purpose of increasing revenue and profits and control, man.

[bones261]

I put DAYS and DAYS of work making part 1 and part 2 of this post.  Part 2 isn't done yet, but part 1 is worth a read and should be useful to most people:

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-vol-4-prepping-for-the-end-of-the-world

With the market price tumbling for Steem, the posting rewards keep shrinking. I hope you garner enough to be worth your valuable time. I gave you all the upvotes I could, but I'm a minnow.

[r0ach]

I put DAYS and DAYS of work making part 1 and part 2 of this post.  Part 2 isn't done yet, but part 1 is worth a read and should be useful to most people:

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-vol-4-prepping-for-the-end-of-the-world

With the market price tumbling for Steem, the posting rewards keep shrinking. I hope you garner enough to be worth your valuable time. I gave you all the upvotes I could, but I'm a minnow.

Thanks.  It's something I wanted to post about regardless because a lot of people talk about this stuff, know it's probably coming eventually, but can't really figure out what they should do beforehand.  I tried to put out the minimum of what you can do to get by without blowing a ton of money or large investment of time.  Part II took way longer and is less about survival but will be even more useful to certain audiences.

[iamnotback]

Received 100 votes in the first 30 minutes (puts it #5 on the hot list), but without a significant whale vote (one who is not spreading their voting power too thinly) it is only $37 thus far:

https://steemit.com/science/@anonymint/the-golden-knowledge-age-is-rising

Update: 143 votes in 35 minutes!

[r0ach]

Received 100 votes in the first 30 minutes (puts it #5 on the hot list), but without a significant whale vote (one who is not spreading their voting power too thinly) it is only $37 thus far:

https://steemit.com/science/@anonymint/the-golden-knowledge-age-is-rising

Update: 143 votes in 35 minutes!

I think the world is more likely to enter a dystopia than any knowledge age utopia for several reasons:

1)  Decline in cheap energy - Even if we put up fusion plants everywhere, people think this is free energy, but it's actually expensive energy to start from a state of scratch and go all the way to bringing it to market.  We have made fast leaps in the past due to cheap energy and the golden days of oil being cheaper than water are gone.  This is not the same thing as "peak oil", but peak oil is obviously a real thing, just nobody knows when it happens. The fact people are bothering with shale oil at all is a pretty ominous sign.  Eventually it will require more oil to bring it out of the ground than what the oil is worth.

2)  Diminishing returns of complex systems and inherent centralization of complex systems- There's millions of examples of this.  One example is a research team used to be one person, now you need many people of several disciplines.  It eventually reaches a point where you need a Manhattan project to do anything.  This also entails a mandatory authoritarian government directing those resources for "the greater good" or "progress".  The human brain is also not wired to deal with infinite complexity, this results in being over-stressed.  

If everyone on earth is required to be significantly trained upwards and solve hours of differential equations to earn enough for one cheeseburger, everyone will likely just off themselves, or the system would have collapsed and returned to a far more primitive state beforehand.

3)  Eventual convergence towards a steady state economy instead of one based on infinite growth - If anything, the "golden age" of civilization is probably the days during periods of infinite growth, unsustainable, debt bubbles where you're essentially borrowing from the future to sustain the now.

Summary:  If you want to sustain the current level of "progress", it requires an ever increasing amount of resources, an ever increasing amount of centralization, and loss of freedom.  If you want to sustain the civilization that already exists with no progress, it probably still requires all of these features in the face of declining EROEI.

[bones261]

Received 100 votes in the first 30 minutes (puts it #5 on the hot list), but without a significant whale vote (one who is not spreading their voting power too thinly) it is only $37 thus far:

https://steemit.com/science/@anonymint/the-golden-knowledge-age-is-rising

Update: 143 votes in 35 minutes!

I think the world is more likely to enter a dystopia than any knowledge age utopia for several reasons:

1)  Decline in cheap energy - Even if we put up fusion plants everywhere, people think this is free energy, but it's actually expensive energy to start from a state of scratch and go all the way to bringing it to market.  We have made fast leaps in the past due to cheap energy and the golden days of oil being cheaper than water are gone.  This is not the same thing as "peak oil", but peak oil is obviously a real thing, just nobody knows when it happens.  The fact people are bothering with shale oil at all is a pretty ominous sign.  Eventually it will require more oil to bring it out of the ground than what the oil is worth.

2)  Diminishing returns of complex systems and inherent centralization of complex systems- There's millions of examples of this.  One example is a research team used to be one person, now you need many people of several disciplines.  It eventually reaches a point where you need a Manhattan project to do anything.  This also entails a mandatory authoritarian government directing those resources for "the greater good" or "progress".  The human brain is also not wired to deal with infinite complexity, this results in being over-stressed.  

If everyone on earth is required to be significantly trained upwards and solve hours of differenetial equations to earn enough for one cheeseburger, everyone will likely just off themselves, or the system would have collapsed and returned to a far more primitive state beforehand.

3)  Eventual convergence towards a steady state economy instead of one based on infinite growth - If anything, the "golden age" of civilization is probably the days during periods of infinite growth, unsustainable, debt bubbles where you're essentially borrowing from the future to sustain the now.

Summary:  If you want to sustain the current level of "progress", it requires an ever increasing amount of resources, an ever increasing amount of centralization, and loss of freedom.  If you want to sustain the civilization that already exists with no progress, it probably still requires all of these features in the face of declining EROEI.

I just think a cataclysmic event is becoming impending. North Korea is already demonstrating that you can't keep a 70 year old technology out of the hands of "undesirables" forever.