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RE: Update on your favorite reward pool rapist.
Man, this shit goes waaaaay back. Parts of it are personal. The root of the issue is this:
- Do you agree with self-voting?
- Do you agree with automated self-voting?
Haejin is utilizing that fact that the platform is open and self-policing. There is no centralized authority figure on Steemit to impose any regulations, so users are given the option of flagging to use their own vote power to diminish another's rewards. That brings us to the last point:
- Do you think Steemians have the moral and ethical characteristics necessary for self-policing?
Many people on Steemit feel that Haejin's actions are immoral and economically detrimental to the platform in the long-run.
Actually, there is a system for fixing this... and none of those in the power position to exercise it are doing so (likely because he's a sock puppet account of one of them... or they have sock puppet accounts scattered around doing the exact same thing).
It's very simple... there just needs to be an update to the code that limits how much power one vote (as a percent of the reward pool) can have, ever. Put a cap on it. It's actually somewhat unreasonable that one whale vote, no matter how much is invested/saved, can ever be thousands of dollars... unless maybe that was the intent of the engineers who built it the whole time... as a wealth generation tool more than a content platform.
Think about it.... they make it (with this glaringly exploitable feature) and hype up how it's all open, self policed, and votes are all about "curation" and encouraging good content... then, once STEEM/SBD gets a nice fat value, they can use everyone having bought into that to REALLY cash in for all of their work building it and hyping it.
It's literally built into the system... lol. Hell, the self-vote checkbox is checked by DEFAULT even... lol.
AH! What you don't realize is that Steemit is capitalistic by design, and runs on a decentralized and open market plaform. What you are suggesting is considered to be a "centrally authoritative change" and many are against it. Many who have come to steemit are venture capitalist investors who are hardcore capitalist. Not very many people, including Steemit Inc, would aprove of the changes you suggest s they are essentially "socialist" in nature.
I agree with you, however, in that a power distribution based on a curve rather than linear would be better overall. The true power of the platform should be held by dolphins, not whales.
Precisely. Hajin is simply one of those same Venture Capitalists. You notice that these flag accounts specifically pick on other whales "not in the founders club" to chastise. They're not "trying to make a better platform"... they're "eliminating the competition". AND cashing in on it as they go by playing the altruism card of "we're doing it for YOU, upvote and support us!"
It's just another money making racket... but one that singles out victims to attack rather than genuinely creating valuable content.
That's so ironic: being against social behaviour and using a social platform. They must have got something wrong. Being fair has nothing to do with being a socialist. It calms me down, that this post got so many upvotes.
Until B.sanders notices it and comes along and flags me for it.... i'm sure. his auto-flagger has had a field day with me recently for calling out such things.
Interesting. I thought he was the good whale? Flagging on opinions is legit? Are we capitalists or anarchists or what are we? To me both things are a contradiction. He should better flag me too.
That's just his marketing gimmick to cash in. Look at how much of the reward pool he makes on these goody goody "I flag to save the reward pool" posts... Lol.
A fair amount of it from his own sockpuppets and bots.
Yeah I also had that thought. Good to see others sharing my opinion. People enjoy watching this "flag-wars-show" going on not realizing it means lots of money. And not lots of valuable content.
Basically he is taking advantage of the system which isn't right but you have to do what you have to do to pay the bills right? He isn't 100% right but no one can be that accurate. Creating Elliott waves in crypto is extremely hard. Since he post the most updates out of everyone it's only a matter of time till a few fail and some don't. He does state he isn't a financial advisor. New crypto investors must pay their fees. Sometimes you win sometimes you loose thats the school fees.
Interesting breakdown, I appreciate that.