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RE: Fighting abuse on the Steem blockchain
All those guys talking about "ROI" like they are all some absolute authority. They aren't. Who are they in real life again?
Stacking coins is meaningless when an asset is losing value. True ROI in this system is people flocking in and wanting to be here. In other words, Steem becoming a name for decentralized social sphere.
What they are doing is cutting losses. This is why I chuckle when they present themselves as some sort of experts. It's really no different than the then emerging bourgeoise during the Industrial Revolution.
If they are really worried about abusers becoming bigger than we can handle, they would be flagging along.
They aren't.
For investors ROI is all that matters, but we realize there is something else we can do with Steem that may keep people here. I think the idea was to use the side benefit of social media to get folks to adopt Steem as their crypto of choice. Now that those folks are here we have to keep them here. The sharks will use any method to gain advantage, but to most of us their methods are unpalatable, so a middle ground must be found. Yes, they are cutting losses, but that is what investors do. Banks will loan you money against an interest rate, money they got interest free. When they get in trouble we bail them out, but who bails out the investor? No one.
One of the reasons people are not flagging along may be because they see the whales not being affected by the flags, but the flags issued in retaliation do some serious damage. While some want to argue that flags are an integral part of curation, in reality it is not something every one can use, and we can spend months to repair someone's rep after a revenge flagging. (rep repair is not happening much either)
The reason I'm leery of flags is because I'm working on something that would require a number of accounts posting the same thing to make it worth doing, but now I'd have to contact all these people (bot owners etc.) to keep them from being flagged.
Thanks for reading if you got this far. I'm not against SFR, and certainly not against the intent behind it, but I also see it as a potential unintended barrier and open to abuse itself, so I'm divided on the issue.