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RE: The Whale Voting Experiment Explained (including downvotes from @abit)

in #steem • 7 years ago

I don't understand why this experiment is being conducted. The source code of Steemit is open for everyone to see. We all KNOW what happens when all whales decide to stop voting. Why do we need an experiment to find out about something we already know?

7 years ago in #steem by
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     7 years ago 

    We all KNOW what happens when all whales decide to stop voting.

    Explain

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       7 years ago 

      Well, the votes of minnows and dolphins count more. Surprise! ;-)

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       7 years ago 

      That is true. There are other factors to consider too though - the price of STEEM, user engagement, curation rewards for dolphins/minnows. If anything, the experiment should be fun for the 'little people' once the drama over all the downvotes settles.

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         7 years ago 
        • Why is it important in the long run to figure out how "whales not voting" affects the price? How do you make sure any change in price is not wrongly considered a correlation? For example: We are experiencing a hard-fork right now. The price is going up. Because of the experiment or because of the hard-fork? Well, we don't know and never will...
        • In terms of user engagement, we see more and more people posting memes instead of high-quality content as they tend to get more rewards for those little funny things without getting votes from whales. On the other hand, we see some people leaving angrily
        • Curation rewards for minnows and dolphins will go up for sure. Once again, no need to perform an experiment on that

        The worst developments I see are that people disliking the experiment are currently being silenced by just tagging them as drama queens, naysayers, whiners, etc... and the fact that there hasn't been any communication about this experiment with normal users beforehand.

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         7 years ago 

        Amen to that! The whales can vote in whatever fashion they want and I'm free to express my opinion about the senselessness of this experiment. Isn't this the beauty of Steemit?

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         7 years ago 

        Valid concerns. I don't disagree. At the end of the day though, it is the whales' SP, and they are allowed to vote with it as they please.

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