Whaleshares-- A New Way to Help Minnows Get Whale Votes!
Greetings Steemians! Today I want to tell you about a wonderful new tool brought to us by @officialfuzzy called whaleshares. Whaleshares is a wonderful tool that helps minnows (people with low steempower) get votes from whales (people with high steempower) in the Steemit and Golos communities. This allows people to quickly build their steempower as well as increasing their payouts while simultaneously giving whales incentive to hold their steempower instead of powering down and selling their steem. This should also help the price of steem go up as there will be less flooding the market from whales powering down their accounts.
How it works
Whaleshares works through the Bitshares dex so you will need a BitShares account. Then, head over to http://whaleshares.net/. Once there you enter the URL of the post you want to upvote this will generate a code that you will want to copy into your clipboard. Then, open your Bitshares account and transfer the whalshare tokens to the whale you want to upvote (whale must be signed up with whaleshares), pasting the code into the memo section. Each token is worth 1% upvote so you can decide how much weight you want to give to the upvote. Your post will then be upvoted by that whale giving you a significant boost in your payout for that post.
How do I get whaleshare tokens?
Right now whaleshares aren't yet being traded on the dex. So, the only way to get them is through the official contests and giveaways. The first of these is the logo contest announced here. Rumor also has it that there may be some given away at the Beyond Bitcoin hangouts on Fridays. Details of joining that are available here . Also, join us in the official WhaleShares discord server here: https://discord.gg/RRDzn6c. Happy steeming and hope to see you there!
How is one fungible token worth 1% vote of different SP whales ?
There will be way less power up because people simply won't have to ....
I find this whole idea to be poorly thought through.
I agree with you transisto, I personally think it strives against the "give & take" idea the whole system was invented for. In my opinion to put a price tag onto the aspect "give" will hurt this project. Imagine a real life scenario in which meal vouchers are handed out as support to poor. Sounds like a fair setup and a caring community.
Now comes a group in that sees bigger earning potentials here, they use their reputation in order to get big chunks of the vouchers but instead of giving them away for free they put a price tag on them.
The sellers will benefit in this scenario but the broad mass, which needs the support the most, will suffer.
In longterm the project will suffer. Dropouts, tough environment for newbies and a massive amount of poor content (as token buyers will not need to worry as much about the quality).
This project in my opinion pressurizes the caring aspect, which is needed for further growth. Users should feel welcome here and not pressurized to buy externally tokens in order to have success here.
@puffin where did you find this gif .. made me laugh haha
There will actually probably be more power ups since whales using the service will try to increase the value of their tokens. I'm not sure why you would think otherwise.
That is such a stupid argument I lack words. The lower the price, the more steem you will get. What you are saying is that this system creates a artificially high price for steem.
There's a limited amount of steem produced each day for the reward pool. The price of steem determines the SBD value of the payouts so the higher the price of steem the more SBD you will get from your payouts while you will get the same amount of SP. Giving people a reason to keep their stake in steem rather than powering down does nothing but increase payouts. That's why post payouts go up and down with the price of steem. The only way you would get more steem with a lower price is if you're buying it on the exchange rather than earning it on the platform. Might want to make sure you know what you're talking about before calling someone stupid while simultaneously making yourself look stupid.
How do I sign up to be a whale?
Best way is to talk to @officialfuzzy. We can get you set up. He's usually in the discord server.
I loaded discord how do I add @officialfuzzy?
You have to be in at least one server with someone to add them on discord so the best thing to do would be to go click the invite link and join the whaleshares server then PM him.
Thanks for your interest BTW.
Very exciting stuff .. the50 got your 6 !
Resteemed for late night reading!
Great. More and more people mention the initiative.
This looks like a very innovative project. Resteeming.
When do you suppose it'd be up for purchase?
Probably fairly soon... The website is pretty basic right now until after the logo contest but we'll probably be actively trading by the time the contest is over.
This honestly could be used as a really good marketing tool for those that know how to best use it :) Definitely see a lot of potential in this project!
So this basically acts as an upvoting bot if i understand correctly? What is the return on investment?
nice....upvote and resteem for u
Wow thats awesome - hopefully I get one day above the 0,2 USD / post :)
I upvoted one of your posts using whaleshares so that day is today! Thanks for your support. That little girl playing the guitar was epic!
Oh WOW - thanks you so much :)
Now I totally have overseen the most important reply! lol