@haejin still raping the reward pool! @ned WHEN ARE YOU GOING TO ADDRESS THIS ISSUE??

in steem •  2 years ago  (edited)

Editing and taking a different approach here.

THE ABUSE HERE ON STEEMIT IS RAMPANT AND THERE IS LITTLE TO NO PUBLIC DISCUSSION ON ADDRESSING THIS ISSUE.


@ned, WHAT ARE YOU GOING TO DO TO ADDRESS THE VOTING ABUSE ON THIS BLOCKCHAIN?  THE FACT THAT USERS HAVE TO WASTE VOTING POWER TO CURB ABUSE IS NOT THE RIGHT APPROACH AND IS NOT WORKING.  MANY IMPROVEMENTS HAVE BEEN SUGGESTED BY THE COMMUNITY, PLEASE MAKE THIS A PRIORITY.

WHALES, WHEN ARE YOU GOING TO STEP UP AND PROTECT YOUR STAKE/INVESTMENT? (Easy answer, I know, when it doesn't take away from your potential to earn)


Take a look at this user who is currently receiving over 6% of the reward pool.  DOES A SINGLE USER DESERVE THIS MUCH FOR ANYTHING?!  

https://steemit.com/@haejin

WHALES, PROTECT YOUR STAKE, STOP BEING SUCH PUSSIES AND FLAG @haejin.  HE IS TAKING OVER 6% OF THE REWARD POOL THAT COULD BE GOING TO USERS WHO WILL BUILD STEEMIT, NOT CASH OUT AND RAPE IT.


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  ·  2 years ago (edited)

It's not 6%, that's off by a decimal place @berniesanders. (Real value is 0.6%) Not sure why steem.supply displays it as such, but if you check another service, such as steemworld.org, you will see the correct value, which is 0.6% (of course, that is still a rather large chunk! I'm a stickler for details, though :P)

Edit: I just did ran the "Coming Author Rewards" feature on Steemworld for @haejin, and it calculated it at 1% of the rewards pool. (As I stated, this is still quite large!)

Note: this comment is meant to be neutral and focus on getting the facts straight. I support each stakeholder's right to vote as they see fit. I am intrigued by this mysterious whale @ranchorelaxo that has appeared seemingly out of nowhere as well. Has anyone investigated this in detail?

Upvoting this comment for visibility and to counter the hysteria caused by the erroneous 6% figure.

I do want to also mention that I have been reading @haejin's blog since he was making only $5 a post before he went viral, and more importantly, watching his videos which is where the most substantial aspect of his added value to the Steemit/cryptocurrency community comes in. Though the posts are quite brief and could be construed to be somewhat vague (as lampooned by @netuoso) the videos are often up to 30 minutes and go into great detail on Eliot wave analysis and chart pattern recognition (something he has been practicing for over 15 years.) He has a lot of YouTube followers and they make Steemit accounts just to comment on his analysis, which is partly why he has so many followers on Steemit.

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I am aware that some believe that technical analysis is total bunk, and not surprisingly, they are generally the ones who are not themselves trained in the art. As plenty of others have stated, part of @haejin's recent success is due to the fact that he has correctly anticipated quite a few movements in cryptocurrencies, which has caused many of his followers to become rather wealthy. Therefore, the firepower to upvote him increases more rapidly than other bloggers.

Again, I support anyone's right to upvote as well as downvote as they see fit, but I just wanted to weigh in from the perspective of someone who has benefited in the past from his tutorials, general knowledge, and more specific recommendations. I also wanted to make sure that the correct figure for the potential rewards was displayed, as it is currently inaccurate on steem.supply.

I want to also mention that I respect your approach to correcting the rewards pool distribution because I know there is zero financial incentive to do so. You and @transisto are some of the few that seem willing to counter abuse by sacrificing monetary gain and I appreciate that. I admired the transparency when you were posting on @yougotflagged as well.

My apologies for this mini-essay and the self-voting, but I want to further the discussion here. Trying to see both sides to the best of my ability. Peace.

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  ·  2 years ago (edited)

I am intrigued by this mysterious whale @ranchorelaxo that has appeared seemingly out of nowhere as well. Has anyone investigated this in detail?

I'm sure someone has already answered this, but this is what I gather from my own investigation.

-rancho showed up here about 10 months ago and laid mostly dormant.
-7 months ago started buying massive amounts of steem
-@ned reached out to him around this time asking him to "ping" him on steemit.chat
-2 months later, @theprophet0 reached out again asking him to ping him on Steemit.chat
-15 days ago, he started upvoting @haejin's posts eventually to the tune of 10,775.09
-he also upvoted himself 3 times for like $1000.
-he also upvoted one other person for $10.
-Note the numbers above changed during my analysis (going lower) I'm not sur if that was due to downvotes or changes in the price of steem. I was using steemit more info chrome plugin for the data.
-@haejin reached out to rancho when the upvotes started with the following: "I am very grateful for your upVote! Thank You! If you'd like a crypto analyzed, please don't hesitate to let me know!"
-@Ranchorelaxo has no other interactions that I saw other than a single comment ("great post") on a post that he didn't upvote.

Other findings
-@haejin's content seems legit
-he was very successful and had many followers long before rancho came around
-many of his supporters seem to have came here for him or because of him
-many of his supporters have no idea who rancho is (or that he was giving haejin 11k in upvote) and think this campaign is about his success due to their upvotes.
-@haejin doesn't seem to mention @ranchorelaxo by name to his followers.

That last one may not be true, but I haven't seen it...but he has a lot of posts and I haven't gone through all of them. I'm upvoting this for visibility. Please don't downvote me. If I got something wrong, I'll change it, but this is my account from what I have seen so far and according to my notes and recollection, but I am tired as fuck. So I may have gotten something wrong.

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@berniesanders Please correct yourself.

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  ·  2 years ago (edited)

So this is telling: @berniesanders read my comment, as well as the comment above. And, instead of clarifying the situation, he simply flagged it down. I don't need to know more on this.

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agreeable and fair comment.upvoted

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I also support you,a fair comment!!!

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@berniesanders is profiting from attacking other people. Every comment he makes he gets money. Every post now that he makes, he makes insane amounts of money. $1,000???? His other posts get nowhere near that! He is just trying to profit. He also has the same few people following him around upvoting every comment. And then he downvotes everything someone says about him and his same 50-60 upvoters then come and downvote you. I’m not saying haejin deserves all of his rewards, but at least he is providing us with something useful while Bernie simply profits off of attacking haejin and everyone else who opposes Ernie. Watch, i will probably be downvoted by his group. @haejin provides us with analysis that has earned us money. He teaches us about the technical analysis. He allows for us to comment with our own analysis and he will help us improve it to be more accurate. He does 1-on-1 lessons. What does @berniesanders do? Not as much as @haejin in terms of providing useful content.

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waht goes around comes around, If Steemit had moderators it would be Bernie that would be barred. And all his steem power taken off him, that may be the pay back...lol

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Very true

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haejin does a good job, i've recommended him to many friends.

he's just doing what steemit community is supposed to do:
providing good content.

while others are cheating with bots and stuff...
i hope hate speech wont become the new trend here.

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thank you! this BernieSanders and his gang of flaggers have been profiting by promoting censorship and suppression of free will on the blockchain, we must all unite against them so they do not get away with it

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Nice comment : )

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thank you, I am glad I was not the only one noticing this pattern

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This comment should be higher up.

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He using techniques like ------ as I don't know the theory name but I will explain the theory in a brief manner. Now here it goes. It works great when you already have lots of followers. Suppose you have 5000 followers, you said half of them that market is going to go down and another half the vice versa. Now you got nothing loose. Now suppose the market falls down, so the 50% followers says he was right and remaining another half you repeat this loop . In between this new followers will be added as word of mouth etc. And he made them join the loop. So this is going to be run infinite times. Till it exhausted.

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Uh... Only he can't split the message like that... He's publicly and veritably either right or wrong. What you describe is an age old scam, and is 100% not what Haejin does.

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[email protected] I should I have similar instead of like. People who earn money like that never show their true face to the public. And I don't know Haejin personally neither did you. So please don't reply to this post.

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If I write technical analysis i treat it like weather report. It must hold to great extend. Better is your prediction and more constant, better are your skills. I'm still minnow and I have to enforce myself but I always encourage my readers to check my previous analyses to check that they holds.

Try and check here, I be glad to hear your opinion and comments.

@haejin had established itself here on steemit also. He have knowledge and I respect that most. What he had done whit his earnings is not a nice theme to comment. I always recommending minding your own businesses.

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What he was doing is simply a form of esoteric nonsense applied to crypto currency. Very much like to astrological card readings, overrated garbage! I am a new comer and I can pretty much predict the outcome of any coins by way of analyzing its white paper, the people involved, PR, history, and proof of concepts.

It does not take a genius to understand this business. Nothing rocket science FYI. Buy when it's green, sell when it's red. But you need plenty of money to do that, simple as that.

That guy is the equivalent of Deepak Chopra in cryptocurrency. Spouting pseudoscientific nonsense by using obfuscated language just to sound scientific. People beware: religion has infiltrated into the cryptocurrency realm and the unwitting readers can easily fall prey.

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If you agree that psychology isn't completely random and/or agree that self-fulfilling prophecy, by way of a sufficient volume of people basing their investment decisions on a similar belief (in this case: price pattern or "signal"), is something that can, and sometimes does happen, then you can't completely reject the claim that there is real value in analyzing chart patterns.

Hardly anything in this world is black or white, as much as the purely rational minded would prefer it not to be so. Regarding empirical based knowledge, at best, we can rate things (hypothesis or what-have-you) along a "spectrum of proof" and nothing has ever, or will ever, hit either extreme (if only because we can't prove that we even exist in the first place).

You're painting technical analysis (TA) as if it's pure black (provably bogus), but, statistically speaking, there ARE relatively strong correlations within the practice of TA that demonstrate statistical significance in predicting future price performance (compared to randomly assigning a guess as to whether price will move up or down), so, if anything, it's more on the white side of the spectrum, if not high up that spectrum.

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If you haven't read @netuoso version of technical analysis yet, you should check it out now. It's the most solid interpretation I have read in years. You can find it HERE.

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i often check heajin posts and astrology charts.

both are accurate.

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Nah, those are nothing. Check out this new analysis. I will create my own analysis too in the next few days. Watch me I'm gonna use Quantum Entanglement in predicting the charts. Yeah, many charts going to the moon.

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It's clear to me that you're either biased or ignorant on this topic.

At first glance, TA might look like a lot of attempts at practicing voodoo on price or simply letting one's own inner child out to play around with crayons on a price chart, but I assure you there's ample data to prove to a high degree of certainty (as the sample pool is rather large at this point in time) that it's not all bogus.

There are favorable odds attached to trading certain re-occurring patterns within the markets (eg "ascending triangles", "falling wedges", etc), when using their traditional trading rules. They only work out to somewhere between 55 and 60% favorable, but that is actually quite significant when compared to simply tossing a coin and choosing whether to take a trade or not based on the outcome.

Theories as to why these patterns play out? They're abound. It seems reasonable to me that human psychology isn't completely random. Assuming that's true, humans can't react randomly to price -- there should be at least a little bit of predictability in how each individual and, therefore, the market, reacts to any given set of circumstances. If that's true, then real patterns will play out based on their reactions. That's what we see when we analyze price charts.

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Yep, you know I've been masturbating on this stuff daily using many porn charts. And I found out that Steem price will either go up or go down. That's for sure!

What model you use in pre-dick-ting the market? Personally I am using the Entanglement and Quantum Superposition at the Edge of Time to predict market ejaculation. I already made 6 figures and tons of loyal followers using my G-Spot technique.

It's proven by science you know, this is technically mathematical because everything is already written in the Tesseract at the 5th dimension.

OK buy me some beers my BTC wallet bellow, cheers!

17nDpPrmYgvZug8hMZoYx6c8VVSmQ2mkQu

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You're a funny guy @introvertspeaks, but you're a lousy troll ;)

I guess it comes down to one simple concept here: you have one opinion, I another.

Best of luck to you.

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Lol, thanx for the beer. Cheers!

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Interesting opinion thanks. It was fair. I can see that complaining on a new whale will cause monetary gain as well. hmmmm still worth reading

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the things you do for money...

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But can't we downvote, ignore, mute, unfollow and report as spam to proactively deal with this issue?

I'm new to Steem and made my #introduceyourself only a few hours ago as my first post. Was surprised to see a few people commenting, following and request that I follow and upvote them back. Have a look at their profiles and it's a mish-mash of spam, apparent botnetting and other such dubious practices.

As i'm so new, i'd love to see a guide as to how we can all proactively quash such practices using whatever processes we have at our disposal on this platform.

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oh my gut

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Agreed

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I am a grateful newbie, and would greatly appreciate any guidance on how I may better be an effective curator, on this marvelous platform.

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Best thing to do is not get caught up in this drama. The developers and witnesses will get things figured out about how to get this place running optimally, eventually. Keep your head down till then.

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a good advice to newbies

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Best advice I've seen 😬

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@haejin is so popular because he provides FREE cryptocurrency analysis and training to everyone in the community. He absolutely deserves all the upvotes that he gets! He gets 6% based on merit and based on providing content that the community finds valuable! This is exactly what blockchain and decentralization is about - WE the users decide what we find valuable and those are the ones that rise. Keep up the amazing work @haejin and don't let bullies deter you!

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This post got a thousand dollars. great content apparently...

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really glad to read your explanation on this issue. Thanks.

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what's wrong if the person work hard and deserved what he earn, isn't steemit about that ? anyone can take the place of this guy or can earn much better if he do his best, why a lot of people are angry about that, keep calm, work hard, post everyday, record good video and share them and you will be like him or even better.

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It is nothing about "we" and all about "you". The art of dealing with comments on your blog is a personal decision you do not make "once for all". It is up to your mood, your generosity to overlook bad behavior or to try to correct it. If you are having a good flow, get nice and supportive or in a good way challenging comments than some spamming comments won't bother you. If you for some reason are disturbed you'll react on how you feel in that second. In my view there is no "general treatment" but only a reaction you want yourself to be visible (or not).

Sometimes you care, sometimes not. If you would bind yourself to a certain strict way of dealing you'll lose easiness. That is how I see it.

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What @haejin does by looking at charts to predict prices is called 'chartism' and it's not without its criticisms with some experts calling it 'a form of financial astrology'. Chartism is guided by the philosophy of "history repeats itself" which is never a safe bet in mature markets. Most all crypto currency has gone up and almost anyone invested has made money whether they follow @haejin advice or not.

Maybe @haejin doesn't deserve so many followers because we think he has low-quality posts but he seems to be going about his posting honestly. Hopefully any changes to Steemit would encourage higher quality posts more than punishing lower quality posts.

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Nice

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Nice write-up and also a nifty steemworld.org link there. I'm off fiddling with it for a while now :P

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I appreciate you trying to see both sides. Do you mind correcting your incorrect statement which says “ zero financial incentive to do so”?

If you look at his post he makes a lot of money through up votes by slandering other people and attacking them.

I hope you correct that statement because there are many new users who may believe you. 🤗

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vote up

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Thanks - this comment helped me understand the rage going on between these two and their followers!

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I am agreed it is really appreciable

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You have collected your daily Power Ups! Your posts received total upvotes worth of 13.37$.
Learn how to power up smart here!

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I totally agree with you, this all sounds ignorant..if 1 source says 1 thing and another says the opposite, then forsure there is something wrong here.

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Do you have a link to steemworld?
I'd like to see that tool.

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Bernie, flag this shit from russian propagandist called as clarityofsignal!

I find it extremely interesting the people trying to defend haejin on this post. I am wondering how many of them are the bot army that Haejin has created.

Will look into this more after work when I can actually spend time on it.

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😂😂😂😂

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I clicked a few profiles and must admit I happened on a few that seemed eerily empty.

Feel free to investigate my profile though! Maybe you'll like what you see and I'll gain a follower out of you 😉

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Haejin brought a bunch of people to steemit who followed him on youtube and twitter. They are new and mostly here to follow him. There is nothing wrong with that.

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I looked you up when I originally posted on your first comment. I am pretty positive, (from a glance), that you are a legitimate user. steemdb.com can help figure that out though by votes and who votes you and such.

With these issues, it seems as if we need some sort of tool that connect accounts to each other and almost create webs of connections.
A. Would be interesting to see from a community standpoint.

B. Would make finding his shill accounts easier.

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I know there's a bunch of decentralized AI projects going on. I've always wondered what specifically they could be used for.. but maybe those projects are capable of scanning the entire blockchain and finding correlations? It's all beyond my comprehension, but maybe you or other smart people can figure it out.

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How do you know what "we" all need?

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I literally signed up on steemit so that i could upvote haejin. If u read his comments section. There are at least 5 people every post of haejins saying they did the same thing. I joined steemit from his twitter, didnt need steemit account wotsoeva

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You have taken quite a time to call names and claim people are bots. Just go to google trends and check "haejin" or "Haejin Steemit". Why is it so hard for you to understand that there are tons of people that are flocking here from twitter and youtube just to follow his posts. And some of those people will become a functional and contributing member of this ecosystem, which will help all of you guys. Personally I have been indecisive about buying steem and being a permanent participant. At the end, thanks to the relentless nonsense I have seen here in the couple of days I hated this obnoxious atmosphere and have lost all interest.

He picks random coins and says they will go up hundreds or percent. All of them have the same growth prediction pattern and no research is done on any of the development of the coins. If you look at his success rate for predictions, you'll see it's way less than 50% meaning anybody could have done the same guessing and came up with similar results for predictions.

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You are right. It is rubbish.
But the fact is that there are many many MANY other that basically do the same.
I've seen users getting daily $100+ rewards for literaly saying the price of couple of coins every few hours.
No added value.
But then again, maybe that's just it. People are stupid we vote stupid things.
After all, most traffic on the Internet is not society-changing whitepapers about crypto, but rather cat videos and porn.
Meet humanity.

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But what would we do if there was no porn or cat videos?

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Just stop following these people.... if you want to get suckered into this garbage then be my guest.
But i agree. Better no garbage....

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I feel the subject matter here shouldn't be attacked. He is doing what he knows how to do Best. Anyone could as well so the same !! it's so fine, what he he has been doing only catches the interest of a lot of people that is why he gets the upvotes.

He is filling up a Gap, many would snub any day.

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Do you have any data to back up that claim? I have stacks of $ that say his hit rate is well above 50%.

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To be fair, if you made literally any position in any coin in the crypto market the past months, you would have made money. While I appreciate @Haejin's work, it doesn't take knowledge in TA to succeed in crypto - whether that's a good or bad thing.

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You are quite right, I would have made money either way, I would have made less on my own though, of that I have no doubt whatsoever.

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If you work out the actual math, find out if your investments did better than you would have by buying in at the same dollar amount in all cryptos and waiting. I promise you, that method has never been beaten in the long run and the advisor you're listening to is only trying to boost his own personal investment - the one before your own. He's using you.

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I am absolutely certain, it's not just a case of "oh @haejin says this coin will go up" and I bought it, I think I've done that once. I held when I otherwise would have sold, and I sold and moved positions into different coins on more than one occasion. Is it just that he influenced me to not be dumb? Maybe but nonetheless the information was valuable to me.

That is a bit beside the point in the context of my original response though. If it's so easy to make money in this market, how can his hit rate possibly be less than 50%? That truly would require skill. @ponts won't provide that data because it doesn't exist.

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  ·  2 years ago (edited)

Here, (https://www.investopedia.com/university/advancedwave/) go educate yourself about the method he claims he have 15+ years of experience.

BTW, the best analyst on the financial market ever existed only had 68% of accuracy.
Make sure to read through all of it, and make your own conclusions.

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I have no interest in debating the quality or wisdom of my own due diligence. I have made money as a direct result of advice from @haejin now you can choose to assume I am lying or that it was just a happy coincidence, I don't really care.

Look back over this thread, someone claimed that @haejin is right less than 50% of the time. That was the comment I responded to and a moron could see that is false. In fact as I have said elsewhere, right now in this market claiming that X or Y coin will rise in price and being wrong more than 50% of the time would require true skill.

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you are right taking.........also right....................
l support you.............

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I couldn't agree more, I actually just wrote a post about this exact idea - Crypto is working for everyone in it (for the most part), what's stopping other people from joining? How can we improve crypto literacy?

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With a fast rise in the value of bitcoin, i think many people have got attracted towards it. Since bitcoin value increased from 100$ a few years ago to some where around 20000$ right now, I think many people are hoping the same with other currencies as well. Thus are buying anything that is cheap. This in return giving success to every crypto currency even if it was dead for a long time.

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  ·  2 years ago (edited)

Do you want someone to hold your hand and walk you through his posts!? Literally anyone can look at his blog and come to the same conclusions. I'm not saying that the coins he picked haven't gone up in value. I'm saying that his predictions are purely made up, and that he is wrong more than half the time.

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It's not me that needs the hand holding, I read almost all of his posts and watch the videos, and have done so for quite some time.

Again do you have data to back your 50% claim? Saying it more than once doesn't add credibility.

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what thanks.

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This is absolutely not true. It is very easy to check how many times he has picked the coins that go up the most. I think only a blind man will deny Haejin's skills, but whatever. I choose to follow him, you don't and that's fine. I only can't understand the reason for jealous posts like the one from berniesanders - nobody forced me or any of the Haejin's followers to upvote him - we are just being thankful for what he does.

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Absolutely.. He is taking steps a whole lot of people out there won't find a substantial reason taking.

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Crypto literacy will improve exponentially as people lose money. Literacy will happen through experience.

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Thanks for the information. I was looking into his stuff and couldn't really wrap my head around it. That said, a few people seemed to have made tons of money using his methods.

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He uses, elliott wave. It's a bit complicated but it's a great way to analyse stocks or crypto's. I use it too. But he does it with random coins...

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it's a great way to analyse stocks or crypto's

Please, educate yourself a bit here (https://www.investopedia.com/university/advancedwave/)

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I don't care if he was using Baltazar crap what I don't like is he was raping the reward pool as if there was no tomorrow. I can do my own crypto card reading as well if we get to that point.

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Yes most people who learned how this thing work are cashing out by the second!

TIAB

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Its so frustrating. I joined steemit as a photographer with the hope that quality content might rise to the top. I guess all platforms are subject to abuse but it does make it frustrating.

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Sounds like the typical trader. Not being able to outperform the market or in this case Bitcoin.

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oh my gut

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Let me drop my comment here - so it'll have the chance of getting a wider reach.



I'm neutral right here and I'm not supporting anybody, but lemme just speak my mind.


For me, anytime I see a post calling for the Flagging of another person's post, it just speaks:

Centralization

and

Censorship

to me, which I tought we were all against.

It's my opinion tho.


Peace

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Can you just imagine if Conor McGregor signs up for a Steem account and up-vote every trash talk he can think of? Well, this is just the beginning. The algorithm is literally broke! A new way of distributing the reward is a must, else Steem is doomed.

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Can you come up with an example or suggestion of how steem's algorithm can be improved?

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I have been screaming this before from day one of my on-boarding here and I have to scream this again: The voting power of a whale is too much! Can we not just minimize its devastating influence for the betterment of humanity on Steem?

There is a reason why the US electoral process is utilizing what they call Electoral Votes per State.

But anyway, this is just a wishful thinking. Nobody's even listening to @berniesanders scream how much more to an unknown minnow just like me.

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Well, i thought that has been address with hardfork 19? Vote power has been exponential before this but now it's linear. That's the fairest configuration available.. otherwise whales are not incentivised to keep their steem in steem power. that wouldnt be good to steem.

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Well, if that is the case I would just wait until those spoiled brat ultra rich kiddos who are sons of oligarchs, owning the majority of Arab oils, who are driving various models of Lamborghini going to night clubs, finally discover Steem and reap all of the reward pool in a matter of seconds. I'm done! Next block chain please.

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Major fundamental issues with how rewards are managed on steemit.com. Fatal flaw in the design of the system, leads to whale wars and flagging wars and ....

will ultimately be a limiting factor on the price of STEEM.

Take your investment money elsewhere.

Play around on the forums if you find content you find interesting

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You are very right

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JAJAJAAJAJAJAJAJAJAJAJA

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Fuck off kela

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Most of his coins that he uses for his blog are community request. Someone ask for TA on the coin and he obliges. Not his fault some people are in coins that are perceived as shit coins. He is obliging what is asked of him. The coins that, if you read majority of his blogs, he believes in are excelling greatly and are of a 90% success rate.

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I agree with you

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Thank you @ponts

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For anyone to make any contributions it's worth whatever those voting says it's worth. Isn't that the whole essence of decentralization.
People voted his contents and Bots so i do not see any reason to castigate the man. We do so many thing for different reasons, most times for same reasons but our approach differ hence the variety of life.

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This is an interesting community here, i realized that reading this post. As it is very clear that, where there is politics there is good reading and laughter. This is my first ever comment by the way, had to start somewhere. Looking forward meeting many of you.

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Yes, but i think you are addressing the wrong point here.
The problem is not his content. Shit authors will always have his followers (Twilight anyone?), but the issue here is the system abuse. Check the first bernie post about this, and some facts posted there.

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@ponts To me it doesn't even matter whether his predictions are right and precise or not. This is not even the point. We need to underline the need for limits to be put in place in order to prevent a single user from being able to gather such a large percentage of the rewards pool. If a single user is allowed to gather that much power, what happens when they decide to cash out one day?
Right.

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Who decides on the limits? How does that work when 98% of STEEM is owned by less than 1% of the accounts.

STEEM is much like Venezuela. If you are part of the in crowd you can do OK, if you are not in favor of the "current government", you are going to get steemrolled.

Sorry for the mixed metaphor.

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Indeed. I love the idea of steem but the ninja mine may have doomed it from the start.

I've been one of the earliest followers of @haejin and while his formatting and style can definitely be improved I did enjoy some of his chart readings.

He has been consistently posting at this speed for a long time, even when he was making mere cents per post. I can see some increased posting from him due to enthusiasm (who wouldn't when suddenly you do start earning a lot) but overall I wouldn't say his posting behaviour has changed all that much.

I kind of think that there was a tipping point where he started to gain some more wealthy followers that started to auto-upvote. Once you breach $10 consistently.. well, you know everybody else is going to pile up in order to get curation earnings. It's the same reason why posting today's price of Steem and SBD every day can earn some people a lot of money.

I personally don't think @haejin is abusing the system, but rather got lucky through organic growth and the way Steem(it) is set up.

I can't say I agree with the hundreds of dollars a day earnings either to be honest, but I don't know if @haejin is to blame for this or his followers (or indeed STEEM/Steemit).

I do think posting 10x a day could easily be combined and compiled into 2-3 posts a day with more substance, though. Because indeed, when the amounts get so high that it becomes 6% of the reward pool... from an ethical and long term Steem outlook that doesn't seem like a good thing.

Anyway, just giving my opinion as a more-or-less-outsider looking in. I would sooner blame the system in this case rather than @haejin specifically. I feel actively downvoting/flagging his posts may not be an ethically sound solution in this case either. But, who am I to talk? This is the Steem wild west...

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@Haejin is 100% responsible for this. When you look through his comments on his posts, he consistently has specific users ONLY post on his posts. His posts have no information in them other than just some quick pictures. (His fake accounts all have posts that are similar, just a quick picture of the graph.)

Why would users come to Steemit and make an account, and then give like 50% of their votes specifically to Haejin and Haejin only.

There was also a ton of brand new accounts that were made that were trying to support haejin and that is the only activity they had, ONLY posted on Haejin and upvoted Haejin.

There is a list of probably close to 30 that have been found for sure, and there are a lot more I am sure. It is almost as if Haejin created an ecosystem to himself and is trying to add votes and fake comments to make his post look more legitimate.

90% of his funds come from ONE user who has never voted for anyone except Haejin. Is some secret whale that existed and has gotten 1.2 Million Steem from Bittrex.

I believe that whoever this whale is, created an ecosystem of his own army of accounts to upvote his own stuff and steal from the reward pool.

There is no way someone other than Haejin created tons of accounts to support Haejin and Haejin only. All the comments are very obvious to, they sit their and praise him like hes a god, or compliment him all the time on the amazing posts. AND, he uses these fake accounts to respond to posts on his posts, to make it seem like his following is a lot bigger and more real than it actually is.

You will also see that the upvotes on these fake accounts usually have a higher reward than the other people who comment on his post.

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Very mature, kiddo :-) Easier to downvote than to answer. Loving bernie's followers more each day :-)

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Please see the below comment where I responded to you.

Ignorant you are.

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Oh, wow. I must say this is new information to me, but if this is true then perhaps there is more to this story indeed. Sigh, oh Steem....

Account creation with upvote bots is a huge problem, that I don't know how it is possible to solve without the introduction of digital identities. Even then, there are clickfarms in China. It is for this reason that I can't believe 100% in Steem's future the way things are now.. there are too many ways to abuse the system, and the bigger Steem grows the bigger this problem will get.

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Easiest way to solve this issue is an army of moderators with delegated SP to find abusers such as @haejin, flag/downvote until they correct their behaviors. The problem is where to get this delegated SP around millions. @ned or @steemit can delegate. Or, a benevolent whale do that. Or, a group of good whales collaborate to make a fund (e.g. as OP from bernie) to counteract these abusers.

With a research leg such as @paulag and in future using ML/DL/AI, particularly for finding self/proxy vote abusers, proposed fund will counteract them.

It is not on the edge of ethics since these blatant abusers can be easily identifiable. For interest, anyone can look into this tool and find "thoughtless comments" such as "Cute :D, Thanks, Haha........" earning $50 which is potentially $250...that does not look good for steem blockchain.

http://www.steemreports.com/trending-comments/

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  ·  2 years ago (edited)

I think one step would be to work as a community against users who abuse the system. You, me and the whole community can decide for themself (by flagging) if we want to support this kind of behaviour in the future.

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I don't know if the answer is self-regulation. Even though it will work for a while, I don't know if it is sustainable in the long term.

Personally, I would like to see a maximum reward per post implemented, regardless of SP. @haejin's posts aren't of great quality and probably don't deserve hundreds of dollars, but may I point out that @ned's post above has already raked in $750 as well?

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I am one of those accounts that just have been made to support haejin. I know him from youtube and wanted to actively support him because thats what he deserves imho. There are many like me which are simply grateful for all his work and that's how as an individual you can support him for his amazing work.

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You'll never convince them barsic. It's like trying to talk to a flat earther.

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I completely agree and you can see where STEEM is heading if the devs will not intervene on these issues.

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  ·  2 years ago (edited)

check the first post about this that berniesanders made. I did some resarch on the data i could find. Dig deeper and make your own mind about this.

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  ·  2 years ago (edited)

This is the only bone I'll throw you and anyone else who has a legit concern about what's happening. This is a snippet from the campaign for the website under my user name:
impressions.png

That's in 3 days. There are no bots I'm sorry to tell you. We have upwards of 50k people viewing our site a week. It's strategy, and organic, nothing else. If you don't believe me, look up the public data on it. 10k youtube followers, 3k twitter followers, 6k steemit followers, and 50k website views a week. No bots. Even crypto-bot isn't a bot, it's just a name. Hope this helps anyone looking for the real story here.

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Tell me how this proves anything? There is no proof in this picture that it is your website? Plus, how is it proof that you aren't a shill Haejin account when you are stating you run a website for Haejin?

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Believe what you like. I have no obligation to reveal my information to you or anyone else. Just know that you are incorrect. I'm sorry this ever happened. We have worked months promoting and garnering support from around the web, it's not worth risking all that effort to argue about something that isn't based on any facts. And on that note, I would love to see even one single piece of real evidence that there are ANY shill accounts, rather than speculation. Good day to you.

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I can't even believe I'm going to do this, but if that's really all you need to know, that it's from our site......here ya go, I'm ashamed for even feeling like anyone deserves to see anything we own, because you don't, but I KNOW there are some actual humans with logical brains reading this. This is really the only other thing I will ever feel the need to share in regards to this conversation. If you still want to think what you do, go for it.

impr.png