Have you ever found a high-quality piece of content on Steemit that was past it's payout date, and made less than $1 in rewards?
Whenever I submit a new article, I try to curate at least a page of new, which is about 7 entries. This usually amounts to 1-2 plagiarized pornography clips, 1-2 cut-and-pasted news articles without attribution, 2-4 garbage posts and 1 arguably-OK but low-content post.
Occasionally, I find a gem of an article from an underappreciated author and decide to review their blog for a possible following.
When the author is good, the story is always the same - tons of articles under-rewarded, and no way to do anything but add a token upvote to the pile at 1%.
The truth is, there is a lot of great content on Steemit that was not successfully monetized the first time around. Why not allow posts to be revived/remonetized, in much the same was as a Resteem, under certain conditions?
The options for allowing or restricting this activity as much as the community deems fit are myriad:
- Payout of post.
- Age of post.
- Reputation of poster.
- Time limit - one post review per week, month, year etc.
- Listed by Steemit "Undervalued Posts" Tribune
- Maximum previous payout.
- Only allow reviving by non-authors, potentially based on the reviving account's age, reputation, or a minimum Curation Rep level, per my suggestions in parts 1 + 2.
- Restrict number of active revived posts by author.
- Cap on revives per article, based on previous payouts, number of revives, etc.
I know some will worry that this will lead to Steem being a sea of rehashed content, or the reward pool being monopolized by a set of highly popular authors. I think there are ample options to prevent this in my list of conditions above, but there is also a nuclear option.
Make revived posts appear in the "Promoted" tab (and potentially nowhere else). Steemit could even require a "revivification fee" equal to the post's last payout be burned via the Promoted interface (sent to .) This would both lower inflation for all Steem holders while also economically disincentivizing the repeat remonetization of popular or highly-paid posts.
Does anyone really look at promoted, now? I don't. Perhaps with a name and function change, the "Promoted" tab could become useful once again. Maybe we could change it to "Classics", "Community Favorites", or something with a more positive connotation.
Sources: TheOdyssey Online, Google, , jrrny.com, Allmusic.com