The Truth About Upvotes On Steemit ✅

in #steemit6 years ago (edited)

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In follow up to my article on Absolute vs Relative Steemit Earnings I am making a post on the way I see most upvotes on this platform and how they can be classified.

The basic concept of Steemit sounds nice on paper. A social media blog platform where your vote is worth something based on how much influence you have on the network which is directly linked to your Steem Power. If there is specific content you really like, you can upvote it and reward the author for their efforts to make an interesting post and you even earn some curation rewards in return. Making posts that people really like should earn you some good rewards while making "cheap shitposts" should not see much rewards at all.

While the idea could potentially work on this platform, the reality shows a completely different picture when looking at the majority of the upvotes. Steemit right now highly rewards a 'everyone for themselves mentality' and quantity over quality. Anyone who invested in Steem Power just wants an as big as possible short term return on their investment.


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Self-upvoting right now is one of the most profitable things you can do if you have a lot of Steem Power since 100% of the upvote goes to yourself without anyone taking a cut. I do believe being able to self vote is an important feature on Steemit since it gives many an incentive to initially buy and hold Steem Power. It allows anyone who puts time in making a blog to pay themselves out in a way, which is a good thing.

Since it is so profitable to self-upvote and you can only upvote yourself 1 time on each post while having a maximum of 10 daily upvotes, it is a system that highly encourages making multiple daily low effort posts or comments so you can upvote them with your own power. Self-voting is hard to regulate since it is possible to create multiple accounts on this platform.

Properties of Self Upvotes:

  • You Need Steem Power
  • No Quality Requirements
  • High Quantity Requirements
  • Goes against Social Behavior
  • Excessive Self-upvoting is Socially Not Accepted

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When two accounts like each others content, they will often spontaneously start exchanging upvotes if they both have some Steem Power. This often turns out in a silent "upvote for upvote" agreement using Steemvoter to automate the process in a way things are roughly balanced when it comes down to the total upvote amount. When one account removes or lowers the auto-upvotes, the other account will notice and most of the time do the same. Bigger accounts often exchange upvotes as it is in essence a way to use their Steem Power to socially self-upvote their posts more than once. These kind of upvotes tend benefit the overall quality while preventing too much quantity and benefit more social behavior.

Smaller accounts can also benefit from this model by using a service like Steemfollower where they manually curate content and can get votes back equally to what they have given minus a fee.

Properties of Social Upvotes:

  • You Need Steem Power
  • Higher Quality Requirements
  • Lower Quantity Requirements
  • Encourages Social Behavior

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Grouping up is something that works really well on Steemit since it basically allows for multiple self-upvotes on 1 of your posts in a more social way.
If 10 accounts all have 500 Steem Power and make each 1 post a day, they are 10x better off to group up and delegate all their steem power to create a 5000SP account that upvotes each af the daily post with a 100% voting weight.

There are plenty of upvote groups around and many of them like @qurator that act in a way that brings some good value to the platform for many members.

Properties of Group Upvotes:

  • You Need Steem Power or Pay STEEM
  • Generally Bigger Quality Requirements
  • Lower Quantity Requirements
  • Creates a Social Group Feeling

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These kind of upvotes have totally taken over the platform as they are simply the most profitable and least time consuming way for Whales to make money in the short term. While they can serve a purpose as promotion for members who want to get their post onto the trending pages, in reality they are just a way for bigger accounts do do 100%+ self voting without having to make any posts. All the active upvote bots can be found on steembottracker.com which also list the expected returns for buyers who most of the time are negative.

To pay for the bid bot upvotes you need liquid Steem or SBD, the best way for accounts that have Steem Power to get this, is to sell their votes themselves by using services like Minnowbooser or Smartsteem (both are referral links). This tends to create one big anti-socials circle jerk where people have to rely on to get the majority of their post earnings.

Properties of Bought Upvotes:

  • You Need Steem Power or SBD / STEEM
  • Usually no Quality Requirements
  • Goes Against Social Behavior

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These are the kind of upvotes that make Steemit superior to any other Social Media Platform, but they are becoming increasingly rare ever since the bid bots have taken over on this platform. They are the upvotes that don't ask any monetary compensation in return and are given just to reward good content and get some curation rewards.

Some of the Free Upvotes on Steemit

Many members who still upvote just because they like something and upvote the comments the get to show appreciation. Members that understand the long term and want to help the platform grow.

Accounts that got a lot of Steem Power delegated to them to promote the platform by rewarding specific content. (@utopian-io | @dtube | @dlive | @dmania | @busy | ... )

Whale Bots that spread Upvotes (@newhope | @hr1 | @alexis555 | @mangos | @redes | ...)

Curation Accounts and trails that continue to do proper curation (@curie | @ocd | @Minnowsupport | ...)

Accounts that encourage specific Challenges (#challenge | ...)

...

Properties of Free Upvotes:

  • You Don't Really Need Steem Power
  • Usually High Quality Requirements
  • Low Quantity Requirements
  • Highly Encourages Social Behavior

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If you want your post to get regular upvotes you pretty much need to be holding Steem Power, otherwise your are left with hoping for the occasional whale vote or making specific content for projects like @utopian-io and @dtube


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I Intend to go Deeper Into Getting Upvotes in Future Posts.
Please Share Your Opinion in the Comments...
Thanks for Reading!

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AccountsI believe the solution needs to come from both the smaller and the bigger accounts.

Minnows

They need to understand relative earnings and that they are often making a lot more than the whales when looking at it this way.
Dolphin / WhalesThey should understand that extreme selfish behavior goes against their own agenda to make as much money as possible since it keeps the platform from growing because new members quickly get discouraged. If everyone would use 10%-20% of their voting power to give out Free Upvotes to help this community grow, a lot of the problems this platform is dealing with at the moment would be solved.
Bid BotsThey would be great for this platform if they were to set quality requirements and quantity limits while giving a positive ROI instead of allowing overbidding.
DevsThey Should fix Curation, as long as the reward difference between social and selfish behavior is too big, it's hard to blame anyone but the system itself.

Sort:  

Most if not all big votes comes from "vote selling" or "friend to friend" votes. Having no friends or no investment in this platform is really really hard. I have been there.

What's more maddening is that dolphins and whales always say "If you want votes, write quality content" like that's the only requirement for getting a vote. Someone could write a 1000 word post and would most probably got no views. It's sad.

Indeed, the difference between taking 2 minutes to post a couple pictures of your cat each day compared to taking an hour or more to make a post in rewards is usually very marginal which can be quite discouraging to many to put effort into it all. Steemit also highly rewards daily consistet posting instead of 1 weekly solid post.

Lol That is why I am envious on people who have friends and connections in here. If I had a whale following me, I would had already done the same lol jk I do enjoy writing from time to time though, the rewards however are disheartening

I'm glad that Steem has some people like you here - systematic, intelligent, reflective people who really care about the platform.

For me, you really hit the nail on the head with your last point to the Developers - the reward difference between social and selfish behavior is just too big. That is fixable, and I can't for the life of me figure out why it is addressed. Maybe it is just simply because they just like the selfish system that is in place?

Thanks sminchow,
I also don't understand why the situation is never talked about by the devs. They are all about the smt's and the communities but the obviously broken curation on the platform never gets mentioned. I'm actually looking forward to the Steem competitor @dan is planning to make on EOS.

I see self upvotes mainly as a way to promote my posts, that's why I bought 1200sp 😎
Unfortunately, doesn't work as good as I hoped...

It's indeed more profitable to lease all your SP over to bid bots and lay back to cash the rewards right now.

Nice article, I never know that one is allowed only ten upvote in a day?

You can make more upvotes but your voting power will drain and take longer than a day to recover. With an average of 10 100% votes each day you keep your voting power stable an never run out.
When you reach 500 SP you get a voting slider so you can choose the voting % so you can make more votes since lower % votes are still worth something.

I hope this explains it.

Thanks, your explanation is well understood

Great insights. Very interested in any ideas you have on changing the curation rewards system to better incentivize social, rather than selfish, behavior.

Congratulations! Your post has been selected as a daily Steemit truffle! It is listed on rank 22 of all contributions awarded today. You can find the TOP DAILY TRUFFLE PICKS HERE.

I upvoted your contribution because to my mind your post is at least 15 SBD worth and should receive 145 votes. It's now up to the lovely Steemit community to make this come true.

I am TrufflePig, an Artificial Intelligence Bot that helps minnows and content curators using Machine Learning. If you are curious how I select content, you can find an explanation here!

Have a nice day and sincerely yours,
trufflepig
TrufflePig

Awesome post! I invite you to visit our blog and vote us back! And of course to enjoy our content :)

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