Would Steemit be an appropriate platform for voting?

in bittrex •  8 years ago  (edited)

I have 2 scenarios which I think Steemit might be useful for but I want feedback before I attempt either one because it could generate spam.

  1. Coin voting. We often get users who come into our slack or spam us on twitter saying "please add my latest cool coin, we have so much demand in west africa/indonesia/mars/etc." I'd love to make multiple posts that would be titled "Should Bittrex add [coin blah]?" and drive the people who support that coin to sign up on Steemit and upvote/ share the post to drive further votes. I get some concrete numbers on who supports a coin and they are voting with assets that have some value to put skin in the game. Assuming a given token has some demand in a demographic where Steemit has yet to be adopted, this could be a win/win.

  2. Feature voting. We have a fairly long list of features in our backlog and a lot of conflicting voices on where to prioritize. Having a public vote on features could also be a good usage of Steemit. And the tips that come from votes would also help subsidize the developers and pizza money it would take the build the feature.

Thoughts and feedback?
Thanks for your time.

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It'd be nice but I don't think so. Steem votes are stake-weighted, and accounts can be made for next to nothing. So by holding votes here you'd either choose to add coins at the whim of Steem whales or be vulnerable to sybil voting.

Good points. With new coins, I'd look at it like an additional metric we can use to gauge user interest. Steemit would become another suggestion box and maybe drive some legitimate Steem account sign ups. With the proliferation of twitter bots spamming us and forums filled with trolls, it's difficult to gauge where true user demand for coins are.

@pfunk HAHA What is a steem whale?

  ·  8 years ago (edited)

Sybil voting is a great point!
Of course flip side of the coin is it certainly would increase STEEM account creation numbers, which could help STEEM marketing w/o necessarily lying LOL.
Maybe if STEEM implemented a VOTE ONLY for"Subscriber/Follower" type function,
then Bittrex could create a link for their registered users to subscribe directly onto Bittrex's STEEM profile; then Bitrex could set up individual coin-voting posts onto STEEM while letting their customer base vote in a somewhat locked and controlled environment.

I'd rather see the funds Steemit reserved for account creation (each new account is at the moment worth $7) be used for legitimate users and not someone who would register a bunch of non-contributor value-taking accounts to vote for coins to be added on an external exchange.

I agree with this. Steem works if there are real users, not shill accounts. I get enough spam on twitter. I'm not familiar with the Steem platform or community enough to know what the right answer is yet so this feedback is extremely valuable.
I may try it in a limited way on the coin suggestion post I made earlier today.

That would be very interesting use case seeing as it could also be a live stream platform, a marketplace and a place for discovery and curation. Crazy how a simple social network design can become so widespread!