RE: You are all a bunch of cowards!
@acidyo, ok man but what?! Let's say we all downvote @haejin for reaping to much rewards. He can just easily transfer the SP that is upvoting him to another account and do his trick elsewhere, or if he's smart 25 different accounts.
In my opinion a downvoting campaign will accomplish nothing. What will? Healthy competition and hard-working mentality. Elliot Wave analysis regarding cryptocurrencies, which is an extremely popular topic on Steemit, is a monopoly market now because it's new. It's owned by Haejin, the first-mover. This is not sustainable as there is no entry barrier for competitors. Anyone can start up business next door. That brings me to my closing remark:
I thought we liked that about this system, the only power on this platform is Steem Power..? Just become popular or buy a lot of SP if you want to influence the reward pool according to your own standards....
You don't have to downvote anyone.
The reward pool is fixed and is shared out in proportion. So upvoting someone else is equivalent in value to downvoting haejin in terms of percentages.
The real problem is that the rest of the community isn't upvoting enough. They could easily counter the whales by going on voting sprees and voting for deserving articles (the articles the whales vote for then get less of a reward percentage).
If you want to stop abuse the most efficient way is to go out on a voting spree and the more people who do this, the more effective it will be.
because, whats the point when your vote is literally worth less than .01? wasting votes. i vote on posts and comments i think are good content. but it has no impact.
although this is annoying and disturbing drama to be observing as a newb, its an important topic to the future of steemit. if im going to invest 6-8 hours a day writing one post that might get 1$, its worth following this pissing contest a bit. So, here i am trying to make sense of it.
your suggestion sounds good, but doesnt seem like it would even put a dent in the problem because minnows still wouldnt be able to effectively participate in directing the future of this platform. 0.01 vote helps no one. all it does is drain your inconsequential voting power.
the people who are earning so much, good for them, i guess. some of them. whales complaining all over the place how whats his face is basically cheating, yet are not helping minnows get stronger to join in. there are way more minnows here than witnesses and whales. so when you say everyone should upvote other people, ummm. minnows are but its bascially null and void, at the mercy of a whale or curation team for a couple of crumbs. there are some curation teams which are super inspiring because they truly are giving benefit to the community. helping others.
lastly, is steemit going to be a social platform where only discussions on crypto have value? i was under the impression it was supposed to be an all inclusive diverse world wide social network. why are MORE whales and Witnesses NOT bumping up minnows? is it because of greed? afraid to lose power? because thats sure what it looks like. if you think everyone should just start upvoting everyone else, minnows need a whole shit ton more leverage. sorry so long
If thousands of minnows are voting, then it adds up as far as the reward pool goes.
The problem is that most minnows think like you do and are not bothering - and that attitude hands power to the whales.
Not true! We ARE voting! As I said, I'm commenting and upvoting every single day at an easily weakened 100%. Maybe 10 votes a day before I'm slapped on the wrist with loss of voting strength from participating too much. How is that giving more power to the whales? I'm voting on stuff that's really well constructed by people who are investing their soul into the content they're creating. It's just like real life. My vote has no direct effect but I'm sure as hell going to vote anyway for the reason that I like SUPPORTING the people who are doing a great job.
i was trying to emphasize my point which is a little hard to show through text sometimes. so i wanted to clarify, reading my response to you in my head, i was not screaming hahaha. i was being animated but not angry for what its worth.
Elliot waves are far from infallible. If his chart analysis was that good he wouldn’t need to be taking anything from the reward pool.
so true, if his TA was so good then why does he have the need to take rewards for steemit? he is money hungry in my opinion and if he really cared about the community he would ask the whale upvoting him to stop, let devout minnow followers dictate how much his blogs are worth, not a HUGE whale!
most people are stupid and they see kaboom 400% and think he is a god. Meanwhile there were other people in there that do zero TA but had 1200% because they just do some simple research and were in early.
you will never get rid of him until the market becomes much harder to make money. his TA looks great because people are making money picking the coins he suggests. what they dont realize is the entire market exploded and you could have picked anything and drew a yeti on the chart and you would have made money
The kaboom idiot guy has becoming more like a cult leader now--his followers are willing to suck whatever size of dick is in front of their nose! When crypto trading becomes a religion!
I think you're right, @steemitromney. He's winning right now because he doesn't have competition. If his work truly is garbage (I don't know anything about Elliot Wave analysis, so I can't tell), then what needs to happen is that there need to be a few accounts that regularly debunk his work, or if it works. At least that's in theory what would level out the playing field. But I'm convinced that a good majority of the upvotes are coming from low-level bots that he's controlling. He's moneyballing the system. We'd need someone to do a network analysis of the voting activity towards his account to gain some certainty on that though.
I learned and am still learning Elliot Wave analysis from Haejin, and I post my scribblings at my blog here. Your welcome to follow and upvote mine analytics :)
lol
I'd prefer to call it the Idiot Wave.