You are viewing a single comment's thread from:

RE: My perspective on the value of Steem Power

in #steem4 years ago

I'm sorry but I disagree completely. Self upvoting changes the nature of perception to those without Steem power, the majority. The holders of Steem power are absolutely tiny in comparison to the population of the planet.....the target for adoption. Self upvoting drains the precious reward pool when instead it could be going to excellent minnow authors or commentators. The best mechanism for distributing Steem is through rewards for quality posting. That is the purpose of Steemit.

Sort:  

The best mechanism for distributing Steem is through rewards for quality posting. That is the purpose of Steemit.

It should be like this, but in the current situation, it's not. I would encourage self voting for 2 reasons.

  1. The price of steem depends on the demand. The demand depends on the value. Steem for itself doesn't have any value. Nobody buys Steem power to put in his china closet. The only reason people buy steem is the ROI. If self-voting is nulled - than there is no reason for most users to own SP. And as so the price of Steem will crash.
  2. People are leasing steempower from @minnowbooster. How are they supposed to get back their investment?

Now in a related subject: People are against self-voting, but in the same time they have no problem with paid voting bots like @randowhale @booster @bellyrub etc. I think that all these bots are kind of self voting. Instead of upvoting their own accounts, they get paid to upvote other accounts. So they are draining the rewards pool for their benefit of getting paid.
What's a difference if I upvote my account to get paid from the pool, or to upvote someone else's account and get paid from that person and I use the public pool rewards to get rewarded?
I already wrote a post how a fixed Steemit should look like: https://steemit.com/steemit/@emble/will-steem-succeed-or-commit-suicide

I'm selling my STEEM because many people are against self-voting. I bought STEEM (with real money) just for that and all I got is endless flags. Now it's a little different because my voting power is not that big anymore. Anyway I'm leaving STEEM for all hypocrites who did not buy any STEEM.

Are you talking about demand for Steem in the short or long term. In the short term, I couldn't care less if weaker hands distributed their Steem, in fact it would speed up the process and make for a better distribution! ;)

I've got nothing against minnowbooster at all but it exists to profit doesn't it. If it does and the situation changes for the better for the majority and that happens to close an exploit or means of support, well that's what innovation is for.

I don't use bot self upvoting. If they were a service without profit, that would be better but there is no relation to quality in the use obviously. I see these initiatives as a search for ROI. Have some Minnows been helped? I think so.

The best mechanism for distributing Steem is through rewards for quality posting. That is the purpose of Steemit.

Unless this is corrected, self-upvoting should not be eliminated.

Coin Marketplace

STEEM 0.59
TRX 0.09
JST 0.071
BTC 53598.25
ETH 4220.71
BNB 595.16
SBD 7.07