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RE: What the Hell? A Fucking Rant by Michael David
Nice rant!
How does it feel to make money on Steem without having to self upvote with a paid delegation or buying votes?
Nice rant!
How does it feel to make money on Steem without having to self upvote with a paid delegation or buying votes?
You point (or sarcasm) has merit @transisto, there is something to be said for not allowing paid bots to self upvote. We can forbid it (or making it unprofitable/inefficient) by implementing say limiting number of votes per day per user or even changing core rules attempting to stop bot-like behavior completely (put a human test/check element to upvotes - eg. a visual check before approving a vote, and even embed it in the function call, and make the test/check upgradable as bots gets smarter - think ai).
However there is also alot to be said for nurturing talent, participation, and giving incentive, or just financial encouragement to users to start migrating to steem or even stick around to change from being a taker to a giver/sharer. The equivalent of this in the real world would be like:
Maybe you are right. Maybe someday as a community we need to make an automated cap on paid self upvoting bots, and have it programmed into the steem code (I find this agreeable as well), say limiting paid bots to selfvote only on account with Total (steem+sbd+steempower+delegatedsteem) < .001% of MarketCapofSteem/SteemCurentPrice (About 2500 steem currently, so when steem=$10 and assuming still 250Million Steem token, it's 250 steem). Or maybe someday, after a few more years of 'beta', we can gather enough data to filter out how rules can be changed so gaming the system will reduce in benefit and producing quality content and curation will increase in rewards.
Today, I doubt a fair reward for quality, original, and competitive content exist. But do we want to only attract and reward the "creatives" at this early stage?....Or maybe we need to attract the masses first or at least a crazy mix, maybe we need to get the "lurkers" who just browse as well as a few clueless "benefactor" who might someday bring in and sponsor future steemit rock-stars and maybe we need to blindly reward a few unknown or even pioneers with zero-creative bone, or capitalistic small-time promoter so they start purchasing 100 steem here, a 1000 steem there, just to get visibility and get demand going. Who knows what will work, but we do know numbers and momentum helps with adoption.
Today I believe (and sadly) self upvote helps adoption, I agree with you that it probably/eventually needs to be reign in (when a better reward system exist) or we will start having steem cartels like bitcoin mining cartels, but until then, we will need skeptics and erudite critics like @transisto .....and positive criticism (ahem I mean rant masters like @michaeldavid), at least until we stabilize to a working system that can attract 50million, 100million, 500million then someday exceed the a billion accounts (including organization, avatars, and ai)....just to get a few million quality contributors as well as hundred of millions of content viewers who are perfectly happy not to curate with care....but just watch advertiser so the content creators (and investors) can be richly and deserving compensated, just imagine steem at $1000....todo this we need adoption.
Check this case study out (I was randomly snooping, but I assure you the facts are fairly accurate +- 5% in error):
Yesterday I found this Indonesian guy who has loan about 2200+ steem power just to upvote his own comment and only his own curation (seems with almost no exception)....he borrowed the steem at a cost of 59 steem for 4 weeks. After 4 weeks is up he should get back around 67steem from comments only (my best estimate, he got 47 steem back already at 26days in)....but guess what, he actually raised like 1000+ new comers reputation and encourage hundreds with his self voted welcome message....he's so damn persistent, like a bot, but only he's real. Also he bought that original 59steem from bitrex, in some macro way he has invested and raise the value of steem and has tremendously promoted steem internally to new comers.
Unfortunately his initial strategy is limited and it's a good thing that in the last 1 week he realize he could earn 10x more for his time by posting content (instead of cutting&pasting a thousand times over probably 100+hours welcome messages), still all efforts was not wasted.
After after possibly 1500-2000 welcome post done in 2+ months, and borrowing 2200+ steem for 4 weeks, he found 400 followers, has 50 reputation, and he just submitted his first 3 value post (all in the last week) he already got a total of $46 from the 3 post which will be paid out soon (next few days) on top his ~$67 self voted curation/welcome message.
Honestly I believe he will continue adding quality content (he's obviously creative enough to game the system for a nice monthly profit). Also think about how many of his own friends and family he will promote this to, who knows maybe 2 a week (or maybe 15), maybe 10 a month (maybe 100), if this goes viral in Indonesia along with 260 Million people, in 2-3 years steemit will easily be >100 million strong (Just imagine advertising department of multinational companies drooling. Dang...marketing companies with foresight should start buying steem now while it's cheap, cause that's the way we will be accepting their advertising money very soon)
So any thoughts on this?
no thoughts from @transisto...... @dj123 feels sad
Nothing new there,
And luckily I'll make sure he switch to that model early by flagging him.
lol...yeah, you served a function there, nevertheless, it doesn't negate the ton of indirect good that come out of his actions.
Here's the guy (lopezdacruz)....looks like he stopped renting Steem and is now upvoting a little here and there, reach rep 52, 785 followers, and most important, he even found a patron whale supporting him with 500K SP.
Steemit Whales: Where Not Even The Elderly Are Exempt From Flagging
img:9gag.com