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RE: Screw Malicious Flagging: 1 Flag Vs 130+ Votes
yeah, we should also respect them though as shareholders and hope that they perform more responsibly in the future, these are basically steems ceos.
I'm not justifying their actions I'm just saying its voting shares after all they help decide where the dividends go.
Yeah, and they're CEO's that the board can never vote out of office.
not entirely true, they have as much stake per investment as you do or I do if you want them out invest 10x what they have and you have a boardroom where they're smaller
votes are dividends awarded to those the shareholders want the dividends to pay out to, if they invested to get a vote let them have it, if you want a stronger vote, invest! ;)
if they no longer want their investment they'll sell it and someone else will hold those shares and decide who steemits dividends get rewarded to, you are also an owner of steem based on your shares.
There is a reason that there are laws in place in corporate structure to prevent the activity that is happening here. Investing 10x what they have isn't a reasonable option because that is millions of dollars that pretty much no one has.
A director of a corporation can have 99% ownership of a company and bleed the company dry to fill their own bank account and what happens? Does someone need to buy their shares from them to make it right? No. They are removed from their position in the interest of the 1% of shareholders by a governing authority. We don't have such a governing authority, so this all comes with the territory, but it doesn't mean it's not going to do severe harm to the platform.
Calling them CEO's is not really accurate, because CEO's exist in a world where they are held accountable by a board of directors, by a governing authority, or the other share holders. Steemit whales are held accountable only to themselves and other whales.
laws are centralized organisation, steem has a decentralised trustless way of organising itself, when it favors stronger votes its just the system working properly, its up to us to learn how to use the system elegantly at this point, for instance you can complain and complain about unfair flagging, but spiritualmax didn't go that route he sorted it out, he got more than his due rewards because of the way humans organise themselves on top of this system.
Expressing outrage at the system being heartless favoring voting power is fine I was outraged when I joined, I don't see it that way any more I want to have some steem power and vote what I belive in, if ranchorelaxo believed in flagging posts bernie sanders shares thats his right while he holds shares, its not a profitable activity so he wont do it forever, there really is no problem here.
hey @reidlist I think your ideas are quire thoughtful, followed :)
the problem seems to me that the more power they accumulate, the faster they accumulate more yet. the rest of us somehow doing something about it seems unfeasible.
Abuse is abuse, whether they created it or not.
they didn't create steem, they invested in it, you are also co-owner of the platform based on your holdings, and you have as much right as they do to decide what those voting shares vote for.
:D:D:D Steem CEOs :D:D:D. They found that with ~1million$ investment they can profit something around 4million$ a year. Incredible ROI. And they are cashing out.
yes steem is a profitable investment, you can probably make 4x a year on your investment at the current network size, whether you invest 10$ or 1 000 000.
That is a good thing, start investing and using your shares to vote what you believe in.
check out my protest song to the flag wars
https://steemit.com/openmic/@lanmower/steemit-open-mic-week-88-original-moonshine-just-vote
Better move quickly or after the bubble bursts you might be left with monopoly money. Or u think that the current steem ecosystem valuation of 1.3+ billion $ reflects reality? Or that this nonsense here attracts any serious investors?
Nah, what that group or individual managed to do is pretty awesome.
And here is how you can replicate it:
Post ten times a day on astrology. That topic attracts a lot of crazies. And you always want to have crazies on your side. During that time start creating an army of bots, cus a robot army is even better. Then buy enough steem power so you can make a dent in the reward pool. Investment also has to be large enough so the platform creators leave you at your business. Nobody fucks with a person who just gave them almost million dollars. Now, when you feel the time is right, start printing money. If somebody opposes, direct your army at their direction. But you have to move fast because when the platform fails, your initial investment might be in danger.
gg ez
yes thats a way to make the dividends pay out in your favor, which as a share holder you should be able to do
it is discouraged, perhaps even inconvenient to reward yourself on steem, which I think is enough, you should not force people to not get the dividends for their shares, you should just encourage them be social and to give it to other people by voting, if they really want to get the dividends themselves they should, because they invested in the first place, why do you think steem allows you to vote your own post in the first place?
I dont see the problem. It seems to me that people add their own rules to the system, like getting the rewards for your investment is bad, if every voting share they have goes into paying out themselves, thats fine, its the dividends for their shares which would only be worth what it is thanks to the investors.
erm, I might have come across a bit direct there, I dont feel very strongly about these views I express here even if I come across that way, I just admire the way it works
It makes sense actually.