10x self-voting is around 20-25% + 1.6% APR. If those hodlers you are referring to are siphoning away the value of our token through abusive behavior then our rewards might as well become Monopoly money if more of them join the platform and follow suit.
RE: How much is too much? What self-vote % do you consider to be abuse?
You are viewing a single comment's thread from:
How much is too much? What self-vote % do you consider to be abuse?
I'd say I find it acceptable for an investor to use circle jerking or self-voting to grab a number of tokens worth at least the total inflation(8.6% at the moment) without doing any work to provide value on top of their investment. How much I can't say but given the extreme volatility of STEEM powering up is quite a sacrifice in terms of opportunity cost. If only 1.6% were permissible, then powering up would be stupid. This is capitalism after all and it would be laughable to demand people to give up for their hard-earned money for no gain.
That said, I have zero respect for the early miners who abuse the system. Those people haven't invested a fraction of their worth but still see it fit to waste other people's money.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit