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RE: The Armchair Economics of @randowhale
Looking at it from one angle I agree with you. However when it comes to getting exposure for new users trying to get a foothold, something like randowhale could have much more beneficial long term benefits.
Also, I mean this is a free market. It's something that's developing over time - what I'd really like to see is the burning of revenue generated from services as I wrote in the conclusion.
It feels like a hack of the upvote and curation system to do something it's not intended to do. If someone wants exposure and is willing to part ways with some steem for it, that's what the Promoted page is for.
Except @randowhale is not doing any actual curating. It's an automated bot that gives you a possibly valuable upvote after you pay for it. That's not what I understand the upvote action to be for.
Burning revenue would definitely be a good thing, but let's not build things that circumvent the original purpose of a feature. It muddys the water
You say that's what the promoted page is for, but that page is a waste of investment. Who goes to that page? And it costs so much to be at the top that you have to have a high ticket offer to even breakeven from the extra maybe 50 people who see that post. Maybe if the promoted posts were mixed in with the regular posts like facebook newsfeed ads then more people would use them.
This comment has received a 0.13 % upvote from @booster thanks to: @brendanwenzel.
The thing is though, if it can be done, It will be done.
It's mostly profitable now but as I touched on, it will become a gambling vote. Which has value, just another service in a developing economy.