Whaleshares sucks because it promotes mediocrity

in #whaleshares7 years ago


I was told to highlight some faults I could find in the whale shares token idea.
While the intention is noble I see some flaws.

If this was a trap I'll never forgive @mrwang

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LOL

You obviously aren't researching before you post.... Feel free to join Whaleshares anytime to debate it.

I don't mind learning. I am in the discord whaleshares chat. So I've watched from the sidelines. You know more than anyone else I could talk to. Please counter what I said with facts, I don't like being wrong. Your comment would have better visibility for me here (and any others like me that may like you said haven't done enough research) to go back and read then being buried in discord.

@officialfuzzy The fact that whaleshares exists is proof that there is something seriously wrong with the SteemIt protocol. Somehow they didn't find it high priority to make it fair and self regulating the past 12 months, let's hope the next 6-12 are different and they finally tweak it so at least the protocol is ready for mass adoption.

I disagree but will be glad to talk about it woth u sometime in whaleshares discord. :)

Funny how wealthy people always disagree, gee i wonder why ;)

I dont consider it wealth when its sp because in a market crash im screwed. But i also care enough to take the risk of keeping it in sp because i want to build. Call it what you want but sp is not for risk averse people.

p.s. is it fair i upvoted my response in here using steem power and if not....should we get rid of steempower altogether? I mean that would crash the price of steem but, seems like if you dont like whaleshares you just dont understand or dont like steempower. I personally think that would kill steem to get rid of sp. But of course if you want to keep sp then you should consider whaleshares even LESS dangerous.

So in short. Learn about steempower. Learn that it means buying influence. I can't believe i'm even having to say this...lol

Many aspects of steemit can be used to help the community or be abused by some. This might be such a thing. We don't know yet if it will be helpful to us all or cause us harm. Good to hear your opinion!

It's good to hear yours! I feel it should be more done like @randowhale where it's a random amount. Make a game of it atleast.

Lol u actually want to get less than im giving?

And yes it was a trap (j/k)
But i did have to give u hell cause u mentioned the trap :]

thanks for sharing your opinion - food for thought. i'm not really fond of the idea of 'paying' for the attention of somebody 'higher on the food chain' just to get noticed and swim along in their wake

That's why I want to do a whale game

Good stuff.. There is no trap, lol.

This is a hot topic for debate.. . and by no means, grounds for a flag war.

If you are opposed to it.. I'd rather reward you for voicing your opinion despite it being against an Idea/project I support.

I am glad I already am following you. It's good to have a person of such high character on my feed.

not trying to be a dick but you really need to do your research before saying it sucks.

To do @mrwang challenge the title had to be that. I don't think it sucks as much as I feel it can be abused.

nothing cannot be abused. and i mean nothing. you can kill yourself drinking water. the key to it is that it cannot be abused for long without significant consequence. :)

Remember just because I pass out whaleshares tokens doesnt mean I can't override something like child porn or other terrible crap. And yes....since I plan to sell very few and the only real way to earn lots of them is by A) doing important stuff for me or B) winning competitions, its gonna be very difficult to get enough to become a huge problem.

And tbh if someone does, I have no qualms with destroying their plans by just ensuring I manually kick them from the service :)

Please by all means bring me people who are abusing it though ok? Then I can drop the hammer...i'll even pay you whaleshares to find them! ;)

Please by all means bring me people who are abusing it though ok? Then I can drop the hammer

even if you do not pay whaleshares tokens, this is one really useful measures to stop the abuse. I totally agree you, and in anyone does abuse, hopefully there will be people reporting that.

I hope I didn't insinuate that you would! My concern is that whales will start upvoting anything regardless of quality. I'd rather if you could have away to turn X of the tokens into a resteem if the whale agrees with the quality of content. I want to promote the little guys that have great content.

This platform is still a mess, i'm slowly losing interest again and if the next hard fork doesn't fix enough i'm gonna take another 6 months break probably.

lol no it wont. leave and do exactly what so many are doing now---coming back apologizing that you left in the first place. :P

I don't understand...aren't the devs the ones that need to apologize to 99% of the users that are powerless curators? And what about the constant upvoting of bad content without repercussions? The platform still has many flaws, but mega potential of course ;)

What are we expecting in the next hard fork?

Linear rewards AKA more fair distribution of voting power. But i'm pessimistic about it, it doesn't look nearly drastic enough to me.

It sounds good. But how do they make it 'fair' ?

Well they don't so far, that's the problem ;)

They need to figure out how to properly tweak all the algorithms so they work together as a self regulating system. Right now 99% of the content makes either way too little or way too much. Regulating quality isn't incentivized properly.

I have written many articles about it on my channel if you're curious.

Gave you a follow to read them all. I want to learn more about this. Because I feel left out. This is so far my biggest post. Mind blown.

The reason you made decent money is probably because you did it in a video, people like to see details of your life.

Anyway some of my main ideas are:

  • After publishing content, disable voting for a specific amount of time based on the (text) size of the content
  • Make weekly payouts permanent
  • Upvoting the same user should give logarithmicly diminishing rewards (people that get consistent upvotes already grow followers exponentially)
  • Make STEEM POWER logarithmically less effective (so billionaires can't just have a monopoly on the network)
  • Give a penalty to people that upvote bad content

Bad as in flag for spam?

I think you make a good point about people potentially buying votes for unworthy posts.

I'm going to do a new post soo with information I have learned over the last day or two.

Rock on. I look forward to it.

Every one have the right to take position , you also . But without willing to atack any one ...... DO YOU NEVER UPVOTE BAD POSTS ? This where the Community must stand up and FINALY READ THE POSTS BEFORE UPVOTE !

I agree. Some people will just upvote the picture.

So ....is not the Whaleshares problem and its one for the Community !
And its called ENGAGEMENT !

Good point. Take responsibility for our choices with our own sp.

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