RE: Bitcoin (BTC) Mid-Day Update: Weekly Degree of Trend Perspective
@h00pla85. Your argument Is one that has been repeated countless times ad infinitum ad nauseum. Is there anything in a system of financial capital that prohibits, expressly or implied, that one can not collaborate, collude, even strategize to maximize one's profits?
Or that allows one to call (or not) any play any way one sees and if it is in a public marketplace, say youtube, that lets random strangers (not all with the best of intentions), followers, anyone online your blog, site, chat ⇾ comment, up and down vote, reshare?
Isn't this the invisible hand of the market adjusting to compensate for the wisdom of the crowds and their omnipotent pluralistic, jingoistic, oligopolical 'winner take all' all powerful 'voting' power. (i.e. the mandate of the people)?
You think celebrities, professional successful musicians, the talking heads on the mass media and every other joker on this planet who thinks they are the grand poo bah and everyone else who acts as if they are the king, emperor, Sith Lord... or Decepticon 'deserves' it? You'd include politicians, CEOs and family members who make 1000x to 1,000,000,000x+ the rest of the majority (99.999%) make, sometimes (often) while hurting and not helping?
You think the garbage corporations who monopolize and spew out pollution, toxic chemicals and crappy products and scam and con fraudulent services and MLM/pyramid scheme type of 'take the money and run' 'fly by night' are making their money fairly, honestly and ethically?
I was replying to someone who said that an upvote doesn't matter, it doesn't cost anyone anything. I was simply stating that it does effect people because there are others on this site that are attempting to use this platform for what it was meant for, but you have whales like Haejin that abuse the system. Unfortunately even if those minnows stop upvoting him he still has his corrupt group upvoting him.
To you first point, that is the problem with this system. It was setup for people to be rewarded by other people for posting good content and they would police themselves. But this system is flawed. It is great for him to post bad TA and have people who do not even view his content to upvote him to a few hundred bucks.
Is it against conduct? I would argue that colluding on a upvote scheme and therefore manipulating the reward pools is a violation (it is the first criteria for flagging someone). The problem is there is no moderation so nothing can be done about it.
And just because other professionals may do it doesn't mean it is right. Even if they do not "deserve" it there is a difference between deserving it and scamming people.
I could easily have some friends jump on this platform, drop a bunch of money, and start doing the same thing he is doing. But i wouldn't be able to sleep at night knowing I am just spamming posts to get enough upvotes for the day to maximize my profits while hurting not only the credibility of the platform by the other people posting content.
Is there anyone stopping a dev from making a scam coin, then dumping it onto undeserving investors and then abandoning the project? No, but just because you can make a profit without repercussions doesn't mean it is okay.
I find this platform was a good social experiment. They eliminated authority and left people to police themselves. And even though we are still in its infancy, we are already seeing what most people are made of, shit.