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RE: My Take On Vote Buying? I'm Out! ⛔ Chances & Challenges Of Open Economic Systems
If the rest of the system worked correctly this would be an issue but greater concerns that are more damaging to reward pool and steemit as a whole would be
- sock puppet witnesses
- selective moderation
- witnesses with privileges above standards of steemit
- self voting whales
- Whales setup to pay investors with no basis on quality
- vote trading between high sp holders and old users
i believe these would be more pressing issues to the economic value of the system
Interesting points! I'm not really well informed about the world of witnesses, so I can't agree or disagree here. What do you mean by 'selective moderation'?
I think what these points do all have in common is that people tend to favor their own personal success over the overall community's wealth. In the beginnings of steemit's journey that was quite different. I'm missing these times and the spirit.
by problems with witness i mean it would be easy to implement change in hard fork to reduce value of multiple consecutive voting and selfvoting would save a lot from reward pool and give value to content creators and incentive's searching of content as is what platform was designed for also the 5 minute window which directs most curation to user all easy fixed
by selective moderation is the fact pushing of scam ICOs referral links and plagiarism by stake holders and witness gets receives no action multiple other accounts also for whatever reason
Right on brother. I'm almost shocked reading all these comments of people that are at 70+ complaining about people further down the Steemit foodchain. They can't seem to realize that there are plenty of people like me that typically can't get more than a few cents per post for honestly great content. Then they are wondering why people end up using bots for a kick upwards. This is not the real problem. This is only the symptom. That they can't see this, leaves me extremely disappointed.
I fully agree that the points you raise above as well as the immature incentive system in Steemit and the inability to filter and track consistently good content is the real issue involved. However, without more whales understanding this rather than just blaming the minnows, I'm not sure how the platform gets changed to solve this.