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RE: The Reality of Steem Delegation
Annual return is everything
The money I earned was chicken shit compared to what I could have if I was really out to abuse the system. You are still missing the point that I could have earned $1k to $2k in that 1 month period by self upvoting if I wanted to abuse the system.
Nope it's irrelevant.
It's only about the relative amount of money assigned by self-votes. It doesn't matter if you assigned 6 cents out of 10 cents or 6 million out of 10 million, it's the same percentage.
The way the system works is that when you don't use your voting power, the $ amount that others can assign out of the reward pool increases, when you do vote, their $ amount decreases. So when someone does vote, it's highly preferred to add value to the network (by either voting on high quality (preferably even under-rewarded) content or flagging bad content).
This is no personal attack against anyone that self-votes, because the system allows it. It's just to raise awareness that the system is flawed and that self-votes aren't beneficial to the platform in any way. The sooner the flaw gets fixed the better, but until then, the only thing we can do as users is change our behavior.
I agree with you that self-votes generally hurt the system and the system is flawed. My point is that the majority of the hurt is being caused by bots and people not on your radar.
Also, annual return is extremely important in the crypto world. Everyone is claiming to be a day trader or investor in crypto. They are absolutely looking for a return. You should try to understand that the return drives the motivation of a lot of people on here...you don't have to agree with the behavior, just asking you to recognize it's importance.