RE: Reposted because a certain whale wishes to have my comment hidden !🤘
Thanks for defending Kevin and I
It's certainly true that we self voted considerably under the previous economic scheme which was broken. We also fought hard to implement an improved economic system on here over the last year and a half, almost as long as I've been self voting and definitely longer than Kevin.
Under the new system it's not anywhere near as expensive and therefore not entirely futile to fight against dishonest voting, whether they be in the form of self voting, vote selling or other methods. I wish to do what I can to hopefully restore the platform to one that is mostly based around honest voting, that is voting behavior that's reflective of the subjective opinions of the voter of its content, rather than where the money is going (usually back into the stakeholders pocket while intermediaries such as bid bots take a cut)
If I had attempted to do so under the old broken economy over the past year and a half, I'd be guaranteed to fail and have a wallet that's 300k in Steem lighter to show for it. Under the new incentives fighting for platform wide honest behavior is far more viable. Like you, everyone should do their part to help make this happen so please don't let your downvotes go to waste.
It's very possible to reach a new equilibrium where most of the stakeholders are using their stake to curate (either directly or indirectly) and settling for 50% curation rewards. Collectively we keep each other in check and prevent ourselves from trying to funnel all our voting rewards back into our own pockets and in doing so undermining this entire platform.
Of course we may fail, in which case, Steem won't be worth anything anyway and those who continue to abuse will only enjoy a relatively small batch of rewards for their efforts in the interim as the price slowly dwindles from 15c to next to nothing.
Hear hear! I'm more than happy to promote honest voting, engagement, and behavior that can potentially resurrect the platform and be beneficial for the majority, large or small..
Thank you for your show of support, kind words and above all your integrity as is evident by your intent to create a better experience here for all..
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Haha I wouldn't say most people would consider someone who's been self voting for a year and a half to be of high integrity.
I'm pretty honest with what I was doing the entire time, and my current voting behavior is exactly what I claimed they were going to be and for the exact reasons I claimed: I wasn't going to forgo profits under a stupid economy that punished honest voting. So when I finally managed to help change that economy, I'm going to fight for a PoB system that this place was always meant to be.
It's no longer a futile fight. Dishonest voting is no longer rewarded 4x more than honest voting. 50% curation closed that gap. And there's the additional threat of 25% free downvotes looming over the heads of bad actors, which closes that gap even further. Many self voters and vote sellers are defecting to the good side. The remaining ones are feeling a lot of heat, and unlike expensive downvotes, there's no reason why anyone will relent with their free ones.
Victory isn't guaranteed. We can lose this fight. But we can also win it. We can get to a point where we mostly just behave honestly by curating well and settling for 50% curation rewards. And if someone self votes or vote sells considerably for higher rewards at the expense of honest voting, they're seen as an outlier and punished accordingly. We have a long way to go until we get there. But it's no longer utterly futile. It's winnable.
Fight with me.
I'm all in! Leaving the past and moving forward is an honourable approach and for that I respect the good fight..
Being a pragmatist and not making yourself impotent or a foolish martyr in the name of some mythical code of honour is the same move I'd have made IF I were financially invested. At least your posts were amusing. The eip has made righting the litany of wrongs possible and that's commendable. You didn't take the bait and get into the drama which ultimately is probably what got people to finally accept changing the game couldn't make things much worse. Yes we have a long way to go and the eip isn't a panacea nor can it change human nature but it feels like progress and that is indeed a welcomed change...