Is it wrong to sell votes?

in steemit •  2 years ago

There has been some discussion recently about the morality of selling votes; is it wrong?, would it add value to vested steem?, could it discourage writers?

I think there can be positives and negatives aspects of a vote’s marketplace. I will try to analyze the issue from three separate points of views: the whales selling votes, the person buying the votes and the impact it could have on the steemit platform.

What’s in it for the whale?

The whale world is made out of early miners, prolific writers, big investors and witnesses. In all cases these are people who believed on the project from the very beginning, took risks and got rewarded for it.

I think we can all agree that large SP holders should have special perks; this is what gives value to the steem token. One of this perks could be to make profit out of selling their votes.

I personally do not see anything wrong with a whale deciding to sell his/her votes. If you spent $100,000 on steem power you should be able to do whatever you want with it.

Who will be buying the votes?

The votes could be bought by regular users who want to catch extra attention but as the platform grows it is more likely that digital marketing agencies will be doing most of the buying. The 24 hour exposure given by a whale is a great way to feature content online, trending posts get a large amount of views and comments.

It is also cheaper for marketing firms to buy votes and promote a couple of posts than buying thousands of dollars in SP.

How could selling votes impact the system?

If whales are getting profit from selling votes they may not feel the need to power down and thus reduce the sell pressure of steem.

There will also be more value added to the steem token, more people would want to invest in SP knowing that they could sell votes and have a good return on their investment.

However, we could also start seeing low quality posts on trending that got there with bought votes. Users that neither sell nor buy votes could be discouraged as their posts have little chance to compete against advertisers with “promoted" posts.

Conclusion

I am unsure whether the creation of a vote’s marketplace would benefit steemit, however I believe that as the platform grows this practice will probably become inevitable. Maybe there are whales selling their votes right now, it is impossible to know for sure.

What do you think?

#steem

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Personally, I disagree with selling votes because it doesn't just affect the whales doing it. If affects the value of everyone's account.

But, comparing it to Youtube, I don't see any effective way of preventing this aside from paying close attention to users and how they are voting. Downvoting these users if you don't agree with vote selling seems to be the way to counter it.

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wow I didnt even know about @steemitmarket , nice post!

It seems to me that the whitepaper has left the Steem system with enough flexibility to balance out upcoming issues with the platform that the creators didn't foresee. Hopefully, as time progresses, everyone will be held in fairness.

They already get a curation reward. If they are selling, that means they want more than their curation award?

If that happens what will happen to small fish like me who can't afford to buy votes? In this manner the essence of the platform might be diluted because only the rich can buy votes. Rich will become richer and poor gets drown all the time. The community will then transform to a community for the rich.

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no. it will transform in a soulless nothing.

Steemit may well be the purest form of free market capitalism the world has ever seen. If there is a market for votes, votes most certainly should be bought and sold.

no no and more no .....I will not sell my votes nor would I support a marketplace out of steemit, especially not for votes. I am quite sure though, its already going on or happening soon.

This seems to me that is exactly the opposite of what steemit wants to be. why sell a vote when you can upvote your own comment and get $$, that the whole idea, not selling out.
Oh well, i am , as always, a dreamer.

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From the marketing point of view selling votes could be very promising, from the user experience side maybe not so much...

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so what are you?

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a pragmatist...

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if times were of the nature that is pragmatic to sell my soul, i still wouldn't do it. so yeah, i guess i'm a dreamer :)

Hi, it is an interesting idea, but I believe it is very complicated and opaque.

I suppose it's like a famous actor, celebrity or athlete that gets paid to endorse a product they may or may not use. They're simply cashing in on the image they've worked hard to craft.

The last thing I want to see on the trending page is a bunch of commercial posts.

Who will vote for me - I, too, will vote! Let's mutual citation!!!!

very interesting post.

Time will tell how this plays out, and as you say, if its yours to sell then why not.

totalmente, fuera de ética

This is the most immoral thing I've read here. When it comes to ethics, if one can do something, everybody can. And if everybody does, then what happens? In this case, steemit would fail as a social network that rewards good articles. So of course it must be prohibited.

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how can you avoid it?.. transactions could be done in private and you can´t prove a vote was bought.

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Probably true. But still immoral. Two different things...

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This wouldn't kill the platform at all. If a few whales up vote crap content because they got paid to do so, others whales would down vote it. Only content that is useful (or at least not harmful) could make it to the trending page.

Everything that exists has a cause of its existence

We live in a capitalyst world, everything is on sale, votes are no exception.

I am all for it as it is just part of the steemit economy. But I would like to hear more perspectives on this. I am trying to help fellow minnows buy bringingtheir attention to such services...

https://steemit.com/steemit/@yoda1917/ways-to-print-money-with-upvotes-steem-printer