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RE: ALERT! Steemians Are LOSING $1000USD Per Week To Randowhale When The Vote Isn't Completed Fast Enough!
I kind of agree with @ura-soul...and this is coming from someone that uses @randowhale a lot. The part that does seem unfair is that randowhale is marketed as a service to help minnows. If it was really there to help minnows in full transparency, then this info should be made available by randowhale...and maybe it should be a non-profit bot, as opposed to making so much money.
a slippery slope, if ever I heard one. perhaps the blockchain should also limit the price of STEEM as well to make sure no one overpays, in case they don't know any better? Just like putting "smoking kills you" warnings on cigarette boxes, still won't stop people from smoking anyway...
And who judges what's "too much money"? Maybe the blockchain should take that $2500 post payout and "redistribute the wealth" to everyone else? That person will never post again, and we'll now each be 0.01 STEEM richer, yay! lol Abusive behavior is another story, and that's a "cat and mouse" game that the community continually seeks to address in various ways (including how the 30 minute rule came to be).
And along those lines, some steemians think it's in "bad taste" to use any of these services. If they had their way, they'd be banned altogether. Hmmm... "censorship" sounds like perhaps the perfect solution! See what I mean about those "slippery slopes"?
For a while people were making a case for why BOTs shouldn't be allowed on STEEMIT either. Of course, they didn't understand by banning BOTs, you'd also be blocking STEEMIT.com from functioning at all, since they basically all access the blockchain in the same way!
And just for the record, since we do seem to be picking a bit on @randowhale here, I'll kick it up a notch for ya. This "dynamic" also will affect @booster, @minnowbooster, Whaleshares, and Beyondbits as well.
One more point worth mentioning is that this dynamic has been accentuated post HF19. Before that, even though you may have been giving up more in curation rewards, the N^2 algorithm meant you could earn 10x your money due to the additional "vote gravity". I can definitely say using rando and others pre-HF19 provided a much greater "bang for your buck". I've written about this in a few recent articles.
Since HF19, however, it does seem more advantageous to use these services early on, as you may also have a greater chance of hitting the leader boards as well (not to mention the additional curation rewards you'll receive as well).
Better stop here, cuz at the rate I'm going, I'll soon be "reinvented" the "Wallstreet Disclosure Prospectus"! lol
As always, buyer beware, do your own due diligence, and if you do discover anything helpful to the community, please feel free to post and share about it! :)
I'm all for bots and capitalism. My perception is that randowhale is being promoted as a minnow helper, when it is not that.
Actually (and I could be wrong on this), I believe other users are promoting it more as a "minnow helper" than @randowhale is! If anything, you can say it's more for "degenerate gamblers" hoping to get that big 'ole 5% vote! (joke!)
I just searched through a bunch of rando's posts, and none of them really mention anything about randowhale being a "minnow helper". But please feel free to correct me if I'm wrong on that! :)
I looked back at the previous posts and you are right! My perception was incorrect.
I so use randowhale a lot (maybe even on every post)...but there was definitely a learning curve trying to figure out when to best use it. And I don't see it as a way to make money...it's more for the tip jar effect. You don't want to have an empty tip jar.
agreed!