RE: Steem Price is Down. Should You Be Worried?

Too much self-voting is not healthy for the system as we can all agree. Yet, it is still the best way to profit from your investment. Hence, it is not surprising that all of the top 100 authors are self-voting.

This shit needs to go, if it doesn't, two word comments, and shitty posts of old men with nothing better to do with their time will rule the front pages of Steemit, and the little Asian girls that they like with their shitty posts will as well, via their super powered up-votes!

$0.00

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sadekj (58) 7 years ago

For self-voting to go, Steemit needs to find a better incentive to buy steem. If they suddenly ban self-voting, no one would buy steem any more!

$0.08

1 vote

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tolkatore (55) 7 years ago

If no one has faith in the system without self-voting, then maybe Steem along with it all its platforms will inevitably fail.

Remember Steem is a cryptocurrency, and Steemit is a platform built atop it, if people don't have faith in either, they will never make it.

How could this platform ever succeed if the small minority of users with all the power just vote on their own content all day?

I think we have to stop worrying about the whales, or the price of Steem, and just develop a great community along with great content on here.

Eventually the whales will get bored, since the only people interacting with themselves is themselves, and at that point, Steem will be worth a penny or less, so would they even really have any incentive to stay or vote at that point?

$0.03

2 votes

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lexiconical (72) 7 years ago

If Steem is ever worth a penny, you've totally killed the platform already. Stick a fork in it.

$0.47

1 vote

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tolkatore (55) 7 years ago (edited)

Not really, Reddit Karma isn't worth anything, and yet it's one of the most trafficked websites in all the world, so even at $0.01 it's still worth more than Karma on Reddit.

$0.03

2 votes

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