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RE: The initial token distribution problem of STEEM and @dan talking about STEEM 2.0 on EOS (Telegram Q&A)

in #news8 years ago

I don't have a problem with the distribution on Steem, the problem i have Is the fact that these whales are busy selling all their upvotes to bots.

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Bots are a symptom/side effect. The problem is the distribution. Let's see why bots exis:

  • The built in promotion feature doesn't work properly
  • There are not enough content exploration features (To be addressed in HF 20)
  • You need to be trending or hot to get noticed unless you already have at least few dolphins backing you up.
  • Whale circle-jerks where whales don't vote much on minnows.

That last point actually makes vote selling look like a feature. Would you like to see a whale using his/her $40 votes ($400) to upvote few of his/her friends or to see those 10*$40 votes get spread around 50-100 random minnows who'd now get noticed better.

Your post makes me reconsider my thoughts about bots a little, at least you get the chance to get more valuable votes from those who use them. And the money is used up anyways. So at least someone gets on trending, even if nobody would use bots its hardly possible to make it to trending as a small fish.

Happy to have expanded your perspective :-)
When it comes to bid-bots most rounds actually end up at a negative return. Some bots hae taken measures to limit the bids because of this. You can check it at htvtps://steembottracker.com/

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