Do you know Dtube's Dirty Little Secret?
What is it? Check out the video to find out!
Find out all about the new changes here:
https://steemit.com/dtube/@dtube/curation-and-economic-update
Also follow me on @dtube here:
Here is my favorite part about the update!
Redistributing DTube Beneficiary Rewards
One of the most prominent concern of our users has been our '25% fees'. Technically speaking, at the current market value of SBD, our fees were about:
25 / (50+50*3.83) ~= 11%
These fees covered our costs for storage servers, encoding servers, paid a moderate income to our staff, paid for the AskSteem API, and we still have 80000 STEEM on our account to pay for bigger things in the future. Luckily, we will still earn curation rewards and will be able to keep afloat financially without having to compromise our future tokens fair distribution.
Instead of simply stopping to collect these beneficiary rewards like most other apps, we have decided to fully redistribute it to curators instead. This happens through the @dtube.rewards account that was created and started operating recently.
The way it works is simple, it looks at the beneficiary rewards collected by @dtube for a video, then distributes it back amongst all the voters, proportionally to the strength of their votes (rshares). The only exception to this rule, is when the voter is a public vote-selling bot, in which case the associated reward with the vote will be sent to the author instead of the bot.
We thought a lot about these changes, and we strongly believe that curators should be rewarded more than what they are currently rewarded. We are therefore using our beneficiary rewards to create this unique experiment on a large scale. This will give us precious insights for the future of DTube, where we want to create a balanced and self-sustaining economy.
▶️ DTube
▶️ IPFS
So if you post a video on @dtube and then buy upvotes, you will end up getting paid by @dtube.rewards for the upvotes you purchased? That seems like it will make buying upvotes profitable. It would make more sense to just save the rewards for non-bot upvotes.
Important information, thanks for the update. Love to hear that they are giving back to creators and curators, good rewards leads to more quality content and more Steemians... win-win.
One thing I still dont understand is how Dtube stores the video on the blockchain, does it? Is it locked in there forever? Or is it one day erased due to "storage" and "bandwidth" costs? I heard that somewhere, but doesnt that mean its not "immutable"? I though Steem platform made all the posts secure and immutable forever, stored in perpetuity?
It is not. Videos, like images in posts, are stored using the IPFS protocol, what is stored in the blockchain is the link to the gateway which enables people to see the video.
What makes IPFS really great is that, as more people sees the video -when using an IPFS client-, the more faster other people will be able to download it.
Busy is also using IPFS for storing images.
Honestly I have no idea about storage, its something I need to really learn about ASAP.
What little I know, I think the video is NOT stored in the blockchain, its just linked to on the chain. Meaning the chain has the link, not the video and therefore the video which is stored externally, on bandwidth they pay for, is where you have your actual video. So when the video is X amount old, they stop storing it because it costs something to keep it.
I may be wrong. That's what I heard.
The @dtube videos are stored using the decentralized IPFS protocol. IPFS doesn't guarantee the file gets hosted in perpetuity. However, it does ensure that if anyone is willing to host the file, that it can be hosted in perpetuity. With existing centralized services, you cannot step in to host the content if they go down. IPFS changes this and thus while not a complete solution is a huge step forward.
See for example what happened here. @andrewagostini, a new Steem user, posted an amazing @dtuve video. However, the video was very high resolution and took a while to load. In fact it was almost impossible to watch. Thus, I set up an IPFS node so I could mirror his video, allowing more users to watch it without lag.
That is really helpful information. Thank you for filling in that picture a bit better.
Great updates man! Yeah!! CURATORS YOU ARE WELCOME!!! :) @dtube to the MOOOOOON (as the hodgetwins say) echo echo echo
echo echo echo echo!!!!! muahahahahahah.....
Fantastic news from Dtube. Didn't even think about the bot issue but thanks for clearing that up. Big win for creators that use them to promote their posts.
And those Dtube Reward payments where a pleasant surprise...So nice to see them give back to their community. Big big win!
Wow! This can help a lot of content creators on dtube. I am not sure how to join into dtube' DTube Sponsorship Program and how do you use these bots for dtube? Do you post directly to @dtube or do you have to join somewhere?
So these people are working to improve the platform AND make it more fair for the people?!?
This kind of behaviour is sadly the exception these days with the world of online video!
But screw the greedy ones! THIS is more like it!
Dear dtube and the people that make it happen...
I love you
from @nicolcron
x
=)
Thanks for this. Helped make a lot of things clearer.