WHY GROWTH SHOULD BE AT THE HEART OF DEVELOPMENT POLICY
Dear Steem-bountiers
i would like to take a very nice words from someone who know better than me about economy:
‘Historically nothing has worked better than economic growth in enabling societies to improve the life chances of their members, including those at the very bottom.’
Dani Rodrik, Harvard University
One Economics, Many Recipes: Globalization, Institutions and Economic Growth
(2007)
So this simply means that a real economic growth is when all members get benefit about an economic improvement.
The central lesson from the past 50 years of development research and policy is that economic growth is the most effective way to pull people out of poverty and deliver on their wider objectives for a better life.
In Steemit we have really so many people in the low level class under 100SP, they are coming from pour country and they hope their life will be better thanks to crypto currency, which is the power of people against the power of instituctions.
So if Steemit was example of this and now changed to give more benefit to whom invest and push low level people to move away, this is against to the base of economy growth.
I hope that those people who have decided about HF20 think about low class and help them to grown even they have not possibilty to invest.
This will be my last post involved in the wonderful contest of our friend @jmhb85, so this is the question:
THE HF20 AS IT IS NOW WILL BE THE REAL ECONOMIC DEVELOPMENT OF STEEMIT?
Please comment with the meaning of the answer, not just write yes or not!
@intellihandling, I'm impressed by what you do. Ever since I started seeking out bounties, I noticed you host a lot and participate in almost all the bounties.
This is quite commendable.
About using reputation to assign RC, I don't think it's a good idea as it can be hijacked easily. Anyone could pay money to bid bots with high reps and have their reps increased without interacting with the community. I know that because my rep is this high, partly to the use of bid bots.
Sadly, I don't know a better alternative
Dear my friend, if someone can build up RC with bit bots is using money as per power up, so in this reputation should be counted the number of post too, if someone like me making 100 posts and over 1000 comments in less than 300 days it should be not just a spammer. Anyway now it is everything connected with money, as mr.onealfa says, Steemit is not a free lunch...:(((
The resource that provides value to Steem network is the number of users.
Although the HF20 has reduced the amount of spam, big accounts can still spamming as much as they want and the restrictions to new users are excessive.
Steem Power shouldn´t be the only parameter for RC distribution. We must insist on that to witnesses and Steemit Inc.
Dear my friend @ropaga, thank you for this comment, i agree 100% in what you said, at list reputation should be an additional value to calculate it, do you agree? Users like us build up reputation with work and not with spamming!
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I would say that the hardfork produces an opportunity for smaller account on the blockchain. It's leading to SMT's and hivemind in the medium term which should be a game changer but in the short term the apps provide a better chance to grow your account. We already have a huge drop out rate from the blockchain before the hardfork and a two week delay to get one so if anything the new system should make it esier to be part of the site.
I spent my fist months on the site struggling to earn a cent per post and it was a long time to see any rewards. With an app like actifit however (which has already accumulated hundreds of account tokes) i can get a 30c upvote every day just from participating in the activity. Dtube, steemhunt, partiko ect all offer a chance to earn as a tiny user which in the old system a year ago was very tough.
THE HF20 AS IT IS NOW WILL BE THE REAL ECONOMIC DEVELOPMENT OF STEEMIT?
Hello @
I see steemit as a great city, a country (world order), if we see it, this parcel, there are groups and subgroups, each with its own interests.
Some dedicated to the personal economic benefit, and others to the real growth of the platform, some groups taking advantage of the fish.
When there are changes of policies in any city or state, absolutely everything is affected, only in time you can know what is the real benefit it brings for all or only for a few, or it will make the rich richer and poorer to the poor.
In steemit, the great detail is that its price is generally influenced, like all cryptocurrencies with the price of Bitcoin, if it is still low, affects all other altcoin.
The HFf20 I see it as a change of policies in a country, where resources are supposed to have a new distribution, the issue is that most of us do not have large resources (RC) so there is not much we can do, much less if we do not have to invest...
I am not a specialist in economics, but I have had to read a lot to understand what is happening in my country, and see if there are other historical moments, something similar to what happens in Venezuela.
Dear @josevas217, thank you for your comment, what i would like to tell to heads of Steemit is to consider not only SP in the RC power, but also reputation. You know, we have over 50, it means we did something for this community, even we are still plancton III. If you are from Venezuela you better understand what means economic growth from the low level, because in your country this is total miss and everybody can see the results from any country...:((
Dear @intellihandling
In that I very much agree, the reputation implies that you have received a good amount of positive votes, that you have done something important in the community.
The SP, who has to invest simply buys and already, I have seen accounts with 25 reputation but with an SP of 3000, and even more.
I understand what you say, because I'm in the same situation.
And yes, I am from Venezuela, and what it means for society in general that the country does not progress economically, is to continue marking social differences based on economic capacity.
there needs to be more split in rewards for the little guys. That way more will join an in turn make steemit great!
Yes my friend, i hope someone will think about it...
Let's hope the best for HF 20 and keep the arguments of this post in mind.
Thank you my friend for your kindly answer, but as it is now HF20, i do not think it is good to growth Steemit economy...:((
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let's wait a few month... might be you are right - if you have some news/statistics then we'll have a close look... not to miss that I'll follow you.
Thank you my friend! I would propose to reconsider the counting of RC not only with SP but also with reputation, what do you think as top user?
you could take UA into account too...
https://steemit.com/@steem-ua
Great choice of topic @intellihandling
"economic growth is the most effective way to pull people out of poverty and deliver on their wider objectives for a better life"
The only problem I see is the fact, that our planet resources are very limited and this place is simply to small to be home to 7 bilion people, living good life.
That's the reality. Most people will have to suffer and only few % of entire population will life a decent life. Improving everyones live is a great idea ... but how long would this planet last if we would have 7 bilion middle-class consumers?
Yours
Piotr
I Hope that HF 20 will benefit all. One things that I have seen is there is less spam.
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Dear top level user, thank you for your comment, but this is my situation right now:
and i am already lucky, someone do not have even to reply with comments and most of them are normal users, not spammer, not all low level users are spammers!
The whole blockchain system depends on BTC. If BTC increase , i see all crypto increase otherwise it remain like BTC rate. Steem is also depends on it. So , i think, HF20 is not real economic development...
Dear my friend @prince121, as i can see from most whale post, they think so...
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Steemit is a business, not a charity it still needs to generate value for the resources it uses. It's also not a get rich quick scheme either, while I'm happy for people who have made a living out of steem this isn't and won't be the norm for many of us.
How many people make a living off YouTube compared to how many simply view their content? It's more of a fun way to engage people and content creators directly and reward them for their contributions via the site/blockchain.
Steemit is not here to generate wealth, that comes from investment as more people find they enjoy the site, they will be willing to invest which improves the value of the token and attracts outside investment as they see it as a tradable commodity
If you can't invest massive amounts of money and you want to engage you can lease SP to cover your costs and earn back your investment over time. No one has a right to be successful, yes money makes it easier but if you're committed and have something to offer you will be rewarded on steemit which is far more than we can say about other social media sites
Those at the bottom of the rewards will always complain regardless of how big steem gets. If they really had a problem with it they should be willing to commit to what they say and try to affect change. Not throw tantrums and think we all going to feel sorry for them.
That's not how the world works! There are pleny of things i dont agree with on steemit and ive decided to grow my account, attract people who think the same like i do and build a community around that so these people have a voice and influence and thats how the site gets better
Dear my friend, you are my virtual brother as active member of steem-bounty, but i cannot fully agree with your vision of Steemit.
As you can see from whitepaper i joined it not for business but to interact with new people and get knoweladge of this crypto world, this was an option which now is changed and it makes me sad a lot
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I totally get your point of view and I get where you're coming from
but as someone who has started his own business before, the way you think and see things before you start is always idealistic and you need to make practical consessiona nd decisions to remain viable and to reach growth and business goals. You can't always hold to ideals you set up 2 years ago. Yes you may have certain core values but how you execute them may change with time. Some actions may take you away from it and some will bring you closer to it.
No one has it figured out from the start and you learn by doing. I still think this is a postive step and once the site can reach sustainable mass with a middle class we can think of how we recruit those without resources.