The attention span of posts on Steem is fairly low, I realize how many oldtimer Steemians don't check out trending even if I were to have boosted the announcement post of OCDB up there. To my surprise when talking to people in DM's as their asking me about OCDB it seems that many still don't understand what the "non-profit" part means exactly. Some were even surprised to hear that you do get the curation rewards back of the SP you've delegated to it. So anyway I wanted to bring up a few points here again as to why users should delegate to OCDB or use it if they are in the whitelist or have a chance to be selected for it.
A big reason we aren't in a huge rush to get people to delegate to it is because was just announced, we recently doubled the size of votes you can buy as the demand isn't that big yet and now we've been hitting a nice margin where the queues are small and the bot is giving out votes non-stop. This will be adjusted over time with a set return of 150%. Another reason we aren't pushing for people to delegate to it is because like I said, it's non-profit. If you want to delegate to it than that is fine.
The main reason why exists is to help distribution of stake to quality authors. People might say that it's unfair that only a certain amount of authors get to be added to the whitelist but at the same time you could argue why only some authors are getting curated at all, it's about quality. Although we are going to work hard on adding more and more authors it is true that authors who already are doing quite well won't get added to the list - unless we deem their content to be of a high quality that if they were to ask we would consider adding them. The reason for that is that
has for a year been curating underrated authors who are writing quality and original content on Steem. They deserve to grow at a faster pace than in our eyes than users writing low quality content and boosting their posts to trending with broken economic bid bots where you still end up profiting from the buys no matter what content you have posted. This is also due to downvotes being expensive but let's leave that for another post.
At this point you might think, hmm, if you are running a non-profit and you're offering nice return to buyers, why would people want to use other bid bots? Well, we are different in a sense that you have to prove yourself to the blockchain before we let you use our services. There will always be a need for the current bid bots, the question of how big that demand is is up to the userbase and delegators. People will use bid bots for marketing and other things and at one point we would like to see it actually costing advertisers to buy bid bot votes instead of them gambling on if they are going to profit from this a week from now when payouts are due.
At the same time we would want bid bot owners to become more competitive to keep their delegations. They've been profiting quite a lot from their "business" if you can call creating a bot and at the right time asking for a huge delegation from whales looking to max out their ROI and most of the time not giving a shit what their votes are being used on. (I realize there are bid bot owners that do care about this and have blacklists, etc, and I appreciate them working for their businesses). There will come a time where they are going to keep undercutting each other (if it hasn't started yet) when demand becomes low or users are looking for alternatives and our project is there to raise that bar.
We have been curating for a whole year already and have almost 3000 authors in our whitelist, you could go through it and select someone at random and 99% of the time it will be someone who is writing quality content (if they're still active). Not only have we raised the bar by offering a service that doesn't take a cut in any way, we are adding another layer of curation on top of the users that buy votes for their posts daily depending on the quality of them. Meaning these users writing excellect quality and already receiving 150% returns are going to be handed another vote raising their ROI. This will increase the incentives to write even more quality content and get these users to grow in a more reliable way. A strong DPOS blockchain is with a strong distribution and that's our goal.
There are alot more nice additions coming to both and
so stay tuned and I hope you enjoy what we are doing so far.
If you have read this far and appreciate what we are doing, consider voting for as witness, thanks!
If you would like to recommend a great author you want to add to the whitelist, please do so in this post, you have time until Monday. :)
And if you have any questions or would like to state your opinion about this in the comments, I read all the comments and try to reward and vote them as much as possible.
