Why issue #177 will attrack more fake, fraudulent accounts then ever before, and it might kill Steemit.
Since the last hardfork, issue 177, the payout system has been modified.
- Initial payout stake weight time is being reduced to 12 hours.
- After the first payout, a second payout time is hard set 30 days after.
Even with a 24h payout time, it has become close to impossible to sort out the duplicate posts, fake posts, fraudulent accounts, double posts, or any kind of posts that should not take the platform's money.
Steemit has some great bots running to detect and fight against these posts, for example @cheetah bot.
However, we need to make sure this platform has quality, and genuine content only, to the extent of not becoming a platform where people quickly sign up, post some duplicated, stolen, or spammy content, and run away with the money after a mere 12h time period.
My suggestion goes out to limiting new accounts transfer possibilities to a certain degree of verification (human, bot, downvotes, community feedback, ...).
Verified accounts (timebased, SP based, postcound based, anything you like) could be limited to a shorter amount of time, let's say 24-48h range.
A system could be implemented that if a post gets X amount of downvotes, the funds remain locked until investigation?
Right now, underground websites are promoting Steemit as the quickest grab and run in crypto history.
What's your opinion fellow Steemians?
Another idea: since the UI of the site is still in early development, one really important improvement that would go a long way to combating this is being able to see a followed user or hash tag. Once this is done it will be very easy to organize down voting.
Agree. Something needs to be implemented, what and how is the question.
I absolutely agree, and have been writing a post about this very topic. Though I'm pretty short on answers and long on examples of garbage that needs to go. Someone rubbed me the wrong way defending a Ponzi they were (and still are) promoting on SteemIt.
What about paying out on a curve, so that SP is almost all of your payout until you have enough SP, then it transitions more toward Steem and SD. That way the quick payout incentive is minimized and investing more rewarded.
Good thinking! I hope staff get's involved some day
I'm excited to see how the Steemit staff will address this. I think some of the scenarios like duplication or stolen content can be detected in that time frame. Possibly the payout accumulated by these bad actors could also be chained to the original(s) poster(s) thread or challenged during the time period. Additionally to ponder, would we allow multiple, original thinkers, presenting a different unique perspective from an event or experience for example?
Sure! We're only talking about obvious stolen or duplicated content, or claimed stories that are verified not to belong to the author, like faking cancer and stuff.
Got it.
What will become of blatant misleading titles and posts built to snare new users to grow their network? I see plenty of them and it looks like fraud and schemes. Would you want us to flag and also comment why we think the content/post deserves to be removed or just flag it?
Your transaction history proves this is the quickest cash grab in Crypto to date.
I have been replying heavily in the best week and the bots and frauds are more and more frequent. I have found and warned several the old fashioned way, reading and remembering but it becoming very frustrating.
What about CAPTCHA for replies?
More CAPTCHA bots available to solve them, than bots running here :(
If each of us who are here to stay take initiative and attempt to flag as much spam and get better bots, then maybe we can fight against this epidemic. I honestly agree that everyone in the last few months that have came here to join steem came with the incentive of getting paid, so I don't think that it's wrong to believe you can make some money. Since it is a fact.
My concern is that we literally have no oversight to content. How does a post get deleted, if it does? I am just wondering who actually takes away a duplicate or stolen content post?
I think nobody, but downflagging and removing posts result in no payments.
What if a post get's for example 80 downvotes, maybe on such conditions could a fork implement that all funds will be frozen until manual investigation.
Seriously, nobody deletes the post? So what if no payments in case of stolen content.
@ned and @dan are smart guys and will continue to update like Google has in these battles
grab and run crypto, that is hurtful