RE: #followfriday - Great Steemies you just have to follow
This was funny, but currently there is no answer. It's worth pointing out that these users aren't the ones making the money, it's the bot owners. At the end of the day all of @livvu's well deserved rewards(I upvoted her too 😊) might end up being more than what any of those other users make at the end of the day.
If they're lucky and don't get flagged, they typically will get a 10% return on whatever they spent, so they earn a little extra(unless they get flagged) but the ones who are the real culprits are the bot owners since they are using their huge stake to distribute rewards arbitrarily.
I don't know if it's going to happen but Steemit has already spoken up about their feelings about the need for a rewards curve change, which would drastically change this dynamic.
https://steemit.com/steem/@steemitblog/improving-the-economics-of-steem-a-community-proposal
We'll see what happens
I hear what you say and understand the deal with the bots but coming back to the end users again, 10% compounded day in, day out builds very rapidly. With large SP comes large power and then the problem is exacerbated.
I know there is no answer but I like to let off steam sometimes, it seriously winds me up!!
I agree it comes back to the bid-bot owners but also the many hibernating and live accounts selling votes to smartsteem. The big names that appear on votes bought through them are staggering.
As for the Steem inc proposals, we definitely need change to grow but will the resistance by the bigshots holding all the SP stop anything from happening or even cause a huge split?
As you say...time will tell.
Thanks for dropping by have a great weekend. Back to the grindstone I guess ;-)
I think a huge split might be what needs to happen. It would tank the price of Steem, but might be better in the long run. I think we might need to cut off the arm that sees this as a place to maximize their returns. I'm not sure that's compatible with making it a great product and service.