Moving to hive

baah (61) · 6 years ago

Every single person knows that they can self vote and I'll ve glad if the profiteers will leave, it will give others an opportunity to bank on the hypothesized price correction, and there couldn't be a better thing happening than for those who want to buy themselves a money tree to be dissuaded from trying it. The demand to publish on a transparent, decentralized, censorship proof platform is what kept people flooding in when the price crashed to 6c, or you think it was the dreams of money trees that did it?

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jondoe (85) · 6 years ago (edited)

It certainly wasn't the allure of investing money in order to reward others. By the way, Steemit is not censorship resistant, ask @theshadowbrokers.

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baah (61) · 6 years ago (edited)

Steemit is not Steem, and what was that? People poured in after a total crash of the price because they could self vote? No you whack ass idiot, they did so because the desire for publishing on here.

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jondoe (85) · 6 years ago

If there was a desire to publish on here, people would flock to here regardless of the price. That has proven not to be the case.

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baah (61) · 6 years ago (edited)

How do you figure? What proof are you referring to? Is this still not the most used blockchain around? Is this not the most active blockchain around? What do you think drove numerous people to join after the price crashed to 6 cents? First you tried to make it seem like steem is steemit, and now you're talking about proof without anything to show for it.

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https://blocktivity.info/

jondoe (85) · 6 years ago (edited)

First of all I never said steemit was steem, you were talking about publishing on a platform, that platform being steemit.

And no, this is not the most used or active blockchain, it's not even in the top 5 depending on the day you look:

What drove people to join? Um the prices shooting up from $.07 to $2.83 in the spring of 2017.

The proof is in the activity levels man, c'mon:

That chart is a weekly chart of posts and comments, and it almost perfectly mirrors the price of steem chart.

It clearly shows there is a correlation between the price of steem and activity levels.

SMH

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baah (61) · 6 years ago

Lol, yeah because tx/day means anything about how active or how large the userbase is. Next you'll come back with how many wallets eos has or ETH. Lol tell me, which came first, activity or price? And the price didn't shoot up at all in the spring, check you shit.

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Show 4 more replies

baah (61) · 6 years ago

The platform is steem, not Steemit, steemit is a front end, a cosmetic facade for the underlying Platform.

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baah (61) · 6 years ago

BTW, curation rewards are why most people stake up, because most people recognize that there's no such thing as money trees and they want to get rewarded for rewarding others, it's a win win, that kind of influential power will always be in demand. On the other hand, if there wasn't a way to counter self voting this place would not exist. I wonder where whaleshares is heading considering that they literally removed the only mechanism to curb such idiotic value extracting and value destroying behaviors.

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jondoe (85) · 6 years ago

If what you say is true the users and activity on here would continue to go up and up regardless of what the price of steem does. Looking at those numbers overlayed on a price of steem chart doesn't support your thesis.

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baah (61) · 6 years ago (edited)

Why? People leaving offsets it obviously, but people keep joining, regardless of price, why? Because people kept joining long after the price was in the 6c range.

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anthonyadavisii (70) · 6 years ago

BTW, curation rewards are why most people stake up, because most people recognize that there's no such thing as money trees and they want to get rewarded for rewarding others

Curious what your take is on curation snipers.

Posted using Partiko Android

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baah (61) · 6 years ago

You mean those low sp accounts that automatically upvote posts with popular tags from fellow low sp accounts?

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anthonyadavisii (70) · 6 years ago

Almost but not sure what you mean by fellow low sp accounts. They often target popular accounts known to receive high payouts with a nominal vote and are more or less agnostic to the content itself.

It's going to be much more profitable post fork I imagine. I see it as undermining ideal functioning of content discovery via organic curation.

Posted using Partiko Android

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nonameslefttouse (74) · 6 years ago (edited)

I'm my third highest supporter of my work. I self vote. So what. Any vote under a 50/50 model is half self vote. Many who you call whiners often don't understand this economy we've created here.

I don't think people are complaining too much about self votes. I think many disagree with the effort that goes in to what some with a lot of SP will self vote, 10 times per day. I think if they were acting more responsibly, there would be less of a problem. Especially when many of them have the most to lose. I realize they will blame the code but that's much like saying they only shoot themselves in the foot because the gun has a trigger.

I don't normally self vote my own comments but I thought it would be funny today.

I do realize purchasing Steem to self vote is one way to make this place appealing to an investor, but the main problem with that is the fact there are far more people on this planet who are not investors, those people have more money, and it's better for business to appeal to them.

The true investor here should be able to see the potential, and the smart ones would see that potential being flushed down the toilet by those acting in ways that diminish the true potential, so they will not invest. The true investor should be able to invest and see a profit, while everyone else does the work; rather than shitposting 10 times per day to a nonexistent audience.

It's easy to purchase Steem and self vote low effort garbage nobody cares about. What that behavior fails to do is provide an incentive for consumers to purchase Steem so they too can benefit by the simple act of consuming content. Nobody is interested in a one liner post about how that smart investor likes toilet paper. Millions of people would be interested in never throwing their money away again in order to be entertained.

It's not impossible for established content producers to ask 10000 people for donations. They do it all the time. If they were wise to the business model this platform can provide, that content producer could easily encourage 10000 people to pull 2.5 million Steem from the market and lock it in as SP. The consumer already spends the money. Steem can offer them a better deal. That content producer would be able to carry on doing well on this platform, without the need or desire to earn existing votes from SP holders already here. That content producer will not want to show up though if the platform isn't acting professionally.

If the groundwork was set and people actually wanted to make money here, it's not impossible to have something like potentially 1 million coming into the platform with potentially quarter million flowing out because of that million. If anyone wants to make money, you need that surplus.

The business model here is quite simple. A teenager working in a fast food restaurant should be able to pick up enough of the business basics to know the establishment cannot make money if the owner purchases a franchise, makes all the burgers, buys all the burgers, and ensures the tables remain empty.

Why that basic business sense floats over so many investor heads around here has always baffled me.

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raycoms (70) · 6 years ago

It's because most investors think short term and not long term, especially most professional ones.
It's about quarterly, maximum yearly profit margins.

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nonameslefttouse (74) · 6 years ago (edited)

And that only works for this economy if it's only a small part of what's happening. The place needs thousands of workers, and millions upon millions of consumers who already spend the money in the same fashion, we just need that money here instead of where they throw it away.

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raycoms (70) · 6 years ago

Let's be honest, it's all a question of manipulation (marketing) and hype (FOMO).
If some random celebs sign up here to be rewarded by their followers you'd see some decent money flow coming in and then other people joining in causing a chain reaction -> causing a very nice situation for us.

The #1 Steem needs right now is decent marketing and that not only from the content provider side but also from the DApp platform side.

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nonameslefttouse (74) · 6 years ago (edited)

Marketing to the consumer.

In the OP he's talking about what the crypto crowd would do. That's such a small market that they don't really matter and appealing to them would be shooting far too low.

I don't know if you read this post but I suggest you do, mainly so I don't have to repeat myself so much.

The question is always ''why would someone purchase steem to reward people" and I've answered countless times, many different ways.

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raycoms (70) · 6 years ago

I had said many times at different places already as well. Why do we need whales to enter, for the health of the platform, ten thousand people purchasing 1000 steem would be much better.

The problem I still see is that the entry barrier to crypto for normal people is relatively high still.

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nonameslefttouse (74) · 6 years ago

Millions of people are always willing to spend less.

You're right about the entry but at one point in Canada I could go to a retailer and purchase STEEM. I'm not sure if that still exists and I can't remember the name of the company providing the service.

So before marketing I'd want to make purchasing easier. Then go nuts. The entertainment industry business model is where it's at for the simple fact the people already spend the money... and I'll just keep yelling at the clouds and sounding like a fool until I get my way.. LOL!

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lookplz (62) · 6 years ago (edited)

So... don’t pursue writing? Haha

Any topics you suggest posting about? What do you think contributes the most value?

Also, you can self vote? I mean I saw the arrows, just didn’t think it would do anything. Is self voting ok? Or should I not do it?

Still new here. Lol

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coininstant (66) · 6 years ago (edited)

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lookplz (62) · 6 years ago

Whoa... what’s that for? What’s with the aggression? I was asking a simple question man.

Posted using Partiko iOS

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coininstant (66) · 6 years ago (edited)

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lookplz (62) · 6 years ago

I can’t talk to certain people or I get flagged? What? Is that how you see things. I’m simply asking questions. I’m new here. I ask everyone questions. Is that a bad thing? Should I be punished for being curious? What the hell man?

Posted using Partiko iOS

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coininstant (66) · 6 years ago (edited)

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lookplz (62) · 6 years ago

So this is your world now? Is anyone seeing this? Am I going to be getting flags for asking questions now? Can anyone help? I don’t have the power to match this guy and his other accounts.

Posted using Partiko iOS

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coininstant (66) · 6 years ago (edited)

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Show 3 more replies

ammonite (67) · 6 years ago

I didn't self vote for a long time but now I think a self vote on each of my posts is a worthwhile investment considering the time that goes into most of them . I hear what you are saying but excessive selfvotesis is probably not the answer either. "Everything in moderation' as my mother would say.

Posted using Partiko Android

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10 votes

baah (61) · 6 years ago

Bigger rewards while the price crashes because everyone sees it as a pay yourself scheme not much different than all other ponzi schemes? Buying steem just to vote on yourself is hinged on the end goal, which is to eventually cash out and return a profit, correct? If steem did not have curation rewards then this platform would have imploded long ago as surely no one would have invested, as you observed, simply to give others rewards. The same for downvoting, without it, this place would have become a prisoner dilemma in no time, where despite the curation rewards no one would risk voting for anyone else. The only way for this platform to succeed is by utilizing the mechanisms to encourage others to power up what they are rewarded and to invest by buying steem. If everyone were simply paying themselves, surely you can see that it wouldn't be sustainable, much like if everyone only voted for themselves, because none of that encourages anyone to power up or to invest. That's why the proposal is in place, that's why downvoting exists, that's why curation rewards are so important.

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13 votes

darsico (70) · 6 years ago

you are just wrong, no matter what you do with your click the coins will eventually get cashed out by somebody, cause thats the game btw it's called make money and imagine bitcoin changing there white paper shit to say well next week were gonna have 42 million coins , what do you think be the investors reaction would be. The whales are not only to lazy to be good authors most are not and even more lazy to curate they really want money for doing nothing this is really not good cause reduced authors rewards will mean less content , less content means less user engagement But you seem to THINK you know it all but just dont know how to count LOL :)))

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baah (61) · 6 years ago

50% is less than 75%

Sure retard, there will be less content because people weren't here when the price went to six cents. You think the whales are evil/lazy, why the fuck are you here then?

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darsico (70) · 6 years ago

imagine what my two bitcoins would have gotten me then hmm every time they play with the voting nothing gets achieved and the coin gets dumped you wanna know why i tell you why because in the boardroom meetings all over this planet of the really big firms they hear dissension bad stuff reviews anger down voting with so much choice you wanna put your money there. please stop looking back you can't see where your going.

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baah (61) · 6 years ago

"every time they play with voting nothing gets achieved".

In other words, you're completely OK with the incredible disfunction. Also, the curation rewards have been the same almost from inception. You act as if they're idiots "playing" with it, instead of having a clue at all, but you couldn't say shit about the fact that 75% is coming from 20% and ever shrinking organic curation.

You clearly can see where you're going, you're not an imbecile who cannot count like me. Take it from the most degenerate scumbag in this place, you're top notch, you don't belong here, go make it better, before someone else does, the invitation was there to all those NOT Retarded boardroom meeting attendees since day one: OPEN SOURCE.

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berniesanders (77) · 6 years ago

How is rewarding yourself any different than staking which is offered on many (much more successful) cryptocurrencies? Do you not believe staking encourages holding (powering up)?

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13 votes

ssjsasha (67) · 6 years ago

I put thousands of my hard earned dollars into steem power as a gamble that the price will go up and I get some nice residual income coming in... how can that be so frowned upon... Dash masternodes require locking up dash to earn money so why not lock up steem for self voting?

anthonyadavisii (70) · 6 years ago (edited)

Because we are not just straight proof-of-stake.

The reward pool has a network and, if there is no sort of value being added to the network, it makes the rationale to participate much less compelling.

When I say value, I mean knowledge, art, music, humor etc etc.

The "stake and take" mentality is a slap in the face of every one of the users that strive to do the above.

It cheapens their labor will the lazy stack coins... Coins that will degrade in value as inflation continues while the pool of those willing to buy those coins diminishes.

I used this same analogy on another comment.

Would a moth be attracted to the lamp lest there be a light? Be the light.

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honusurf (62) · 6 years ago (edited)

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ssjsasha (67) · 6 years ago

You should probably stop downvoting people then

ssjsasha (67) · 6 years ago

Self voted to offset retards downvoting me

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baah (61) · 6 years ago

Powering up already earns you 12% ROI/year, without doing anything else. There is something very wrong with "pay yourself" exclusively, which is why I put the emphasis on "just" to vote yourself. First, when you lock your power in you're expecting the price to go up so that by the time you power down you can take profits, but if the price isn't doing so, you're obviously not earning anything. Staking by itself is predicated on that, so while it encourages holding, it's a gambit of long term profit taking. You might have more coins by the end, but if they are worth less than what you initially went in on, you lose. Steem inflation does not necessarily mean that it dilutes the value, just like the white paper points out, so when conventional wisdom says that increasing the supply devalues the currency, real world debunks that, be it USD or Steem. The market price is influenced by sentiment. If people have a lot of confidence in a place/project, then it will translate directly into gains. This is exactly what happened when the price crashed in the summer of '16, and exactly why the price exploded in the beginning of the summer '17. In the former case, it was the poor distribution to a few people that cashed out completely, in the later, it was the Whale Experiment and the build up of the engagement that blew up. Think about the first thing I said about if people see this place as unsustainable/ponzi scheme.. because the types of people who are attracted will be those high-risk-takers and/or scammer/marketing types, both looking for short term gains/pure speculation, zero logic or common sense, no scruples, pure hype. So what can we expect when they enter the scene? To exacerbate the already shitty situation. They won't stay long, and when they leave, it will be worse than before, because they have not added anything at all. The market is purely feelings and confidence. Powering up is supposed to increase confidence, the crux is that right now, people don't even have to power up, they can pay themselves with Bidbots. Why power up? This is the problem. The same thing with self voting, yes it's bad, and yes as you know, exclusively or almost exclusively self voting is terrible. The attraction for steem is that contributions get rewarded. If you don't believe in that, go to dash, go to those much more successful "currencies", but this place is much more than a wallet, in fact, the wallet is an accessory, noting more. The main attraction is the community, its certainly not "ROI" or anything like that, as this was evident by the fact that people kept flooding in after the crash in '16, but, if the use case for steem, or social media, dies or is bastardized then so will the price, and then the only reason to power up, to invest, is short term speculation. We can't have people taking and taking without adding anything in the long term. Yeah it's great that they power up, but if that power is abused like the haejin/rancheretardo what good is that? There's a good reason why self voting should be Much Much More risky than right now, the same for buying votes, and there's a good reason why Curation rewards exist. They all ammount to increase confidence and that will undoubtedly translate into increased demand for steem.

I see this retard under me:

I put thousands of my hard earned dollars into steem power as a gamble that the price will go up and I get some nice residual income coming in... how can that be so frowned upon... Dash masternodes require locking up dash to earn money so why not lock up steem for self voting?

Only a retard Gambles with their hard earned money, so taken for his word, classic retarded-af behavior. Does anyone need to explain that steem is not just a crypto? The idiot thinks that omg why can't it work like a dash? Because if everyone was simply paying themselves THIS PLACE WILL BECOME A RACE TO THE BOTTOM. It's very simple, it's antithetical to steem, and it evades all common sense to think that money trees exist. What the fuck does your stake add? Why expect that by adding no value you can take value, unimpeded. Only a retard could fathom "why can't self voting earn money". It can't, because it's a net negative. It adds no value, it only extracts value, and as all finite systems have a limit, it will literally be a race to the bottom if everyone did that. The only way to make Steem worth something is to add meaningful things to it, to give it value, to make it appealing to NOT IDIOTS AND Retards, and especially to the scummy high-risk takers that are no different from the assholery of the world who ruins entire neighborhoods by putting liquor store, bars and strip clubs in already shitty places, extracting all wealth from the community and exacerbating the poverty that they banked on, until they undoubtedly close up shop and move on, an option that the rest of the neighborhood does not have. You can self vote, but why power up when you can simply avoid that gamble and bidbot, though, I have a sneaking suspicion, that it will not be long before the strip clubs and bars will close up.

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anthonyadavisii (70) · 6 years ago (edited)

Steem inflation does not necessarily mean that it dilutes the value

Only if people aren't selling that inflation at lower prices, right? Just wasn't sure on your meaning. Thanks!

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baah (61) · 6 years ago

It depends on how much is going to the market, if it exceeds the buying pressure then yeah it'll dilute the value, but otherwise it won't.

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nokodemion (59) · 6 years ago

Powering up already earns you 12% ROI/year, without doing anything else.

See what your problem is.

15% of 8.396% Inflation = 1.259% NOT 12% ...

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jondoe (85) · 6 years ago

I was wondering who was going to point that out to him.

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baah (61) · 6 years ago

It's not a problem at all, it's an error that ultimately changes nothing about what I said.

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honusurf (62) · 6 years ago

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honusurf (62) · 6 years ago

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honusurf (62) · 6 years ago (edited)

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honusurf (62) · 6 years ago (edited)

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freddio (61) · 6 years ago

curation rewards should be 75% and author 25%. So its not the best to power down and sell. More profit is for an author to stack and reward own follwers and community to get vots back ( because he gets 75% back and reward others.

The system needs to build the most profitable way = the way supports the system.

Now it isnt.

I tell this since years, i would buy way more steem if this fixed.

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jondoe (85) · 6 years ago

If you want people to not self vote, it should probably be more like 90%/10%... but 75%/25% is a good start. 50% is not enough.

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brianphobos (70) · 6 years ago

I had a dream about @ned the other night. He was actually pretty cool but then CoinMarketCap from March 2020 popped up and STEEM was #378 and I screamed and started laying down hay makers into my pillow and woke up in a cold sweat. 😬

Posted using Partiko Android

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anthonyadavisii (70) · 6 years ago

Feelsbadman

Posted using Partiko Android

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maih (35) · 6 years ago

Where is @ned?! Has he abandoned steem?! He hasn't steemed for 3 month!!!!

Posted using Partiko Android

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brianphobos (70) · 6 years ago

He is in hiding and collecting more money from the programmatic selling of STEEM. We probably won't see him again.

Posted using Partiko Android

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davedickeyyall (73) · 6 years ago

I'm not much of a self voter.. but I'm quick to delegate for a decent upvote..

tsnaks (63) · 6 years ago

Just listen to this man.
He knows what's up !

flemingfarm (68) · 6 years ago

chesatochi (72) · 6 years ago

You tell the truth and is a strong fact!

bsfmalaysia (63) · 6 years ago

Cant be more true

mobbs (69) · 6 years ago (edited)

Nice to see how the conversation has totally moved forward and lots of progress made in the...3+ months i've been absent

10 votes

justtryme90 (71) · 6 years ago

Self voting on STEEM is no more an issue than mining is to bitcoin. Value is not built and lost from this, but rather from use cases to the blockchain. If the value is going down its because people don't see a reason for it to have value, not because people are voting themselves.

You'd think people would have figured out how markets work by now and where value comes from.

jondoe (85) · 6 years ago

The coming hardfork shows they have not. This hardfork is going to create less demand for SP, not more.

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justtryme90 (71) · 6 years ago

I don't think any change to the economics of steem distribution will have that much of an effect in a positive or negative way on the demand for SP.

The only way to further increase the demand for SP (IMO) is to build out a much more mature and investment worthy ecosystem which surrounds STEEM. There are a variety of projects who are attempting to do that, however it remains to be seen if they will be successful or not.

The only comfort one can take is that the crypto space for as "fast" as it moves. Has proven to actually move at a snails pace when it comes to overall adoption.

At this current stage, I do not see too many reasons to buy steem. The coming HF won't change that, but it also won't really make it any worse overall (IMO of course).

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jondoe (85) · 6 years ago

I could go along with that overall.

More specifically though, I think if they really wanted to address "the self voting problem" they needed to go something like 90/10% split for curation/author rewards. Something to incentivize people to not self vote. Policing them with downvotes will cause more damage than good.

I mean the only reason people buy steem right now is to get their ROI via self votes etc, they will be removing this demand driver with the coming hard fork.

Something that might help would be changing the 3 month window to like a 2 week power down window, that might help some in regards to SP demand as well.

With the option of an immediate power down costing 5% of your stake or something like that...

No hedge fund can currently hold SP because they cannot get out in a market crash...

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justtryme90 (71) · 6 years ago (edited)

I mean the only reason people buy steem right now is to get their ROI via self votes etc

Self voting is less profitable than vote selling though (and a lot more work!).

immediate power down costing 5% of your stake or something like that

This is actually a really interesting thought. Immediate powerdown for a price where the lost steem are send to null. Even if the loss was set to 0.5% the idea is kinda brilliant (it would result in a downward pressure on the steem "float" and definitely encourage outside investment and large powerups).

People buy stocks because they can sell them quickly. The 13 week vesting period for holding SP makes it a poor choice for someone who wants to have even moderate liquidity to their capital. If people were locked into a company for 13 weeks after purchasing a security... the stock markets of the world would go nowhere.

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jondoe (85) · 6 years ago

Correct.

Regarding vote selling being more profitable than self voting, how do you figure? You can capture 100% of your 10 votes each day by self voting... I haven't seen any vote selling service that gets you above 100% of your 10 votes each day?

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justtryme90 (71) · 6 years ago

I was under the impression that with curation rewards total returns exceed self voting. Perhaps I am wrong.

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jondoe (85) · 6 years ago

I think you make more self voting because you get the author reward plus the curation. I think there are some vote selling services that get you very close to that return though, just slightly under I think. I could be wrong as well though because I haven't investigated them all.

bil.prag (68) · 6 years ago

IF YOU OWN A BUSINESS DO YOU TAKE ALL THE MONEY YOU EARN EVERY DAY AND SPEND IT ON SHIT? IF YOU WOULD DO THAT, HOW LONG WOULD YOUR BUSINESS LAST?

anthonyadavisii (70) · 6 years ago (edited)

OBLIGATORY FOR THE ALL CAPS.

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bil.prag (68) · 6 years ago

i don't know either but when everybody is yelling you have to yell to

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coininstant (66) · 6 years ago

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theguruasia (67) · 6 years ago

@berniesanders,
Hat off for what you said! Honestly most of people have no guts to say this!

@coininstant,
Bro please don't get misunderstand what I said here! Most of people has no gut to say this, but bernie has!

Cheers~

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coininstant (66) · 6 years ago (edited)

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theguruasia (67) · 6 years ago

@coininstant,
yeah some how self voting is an abuse, but if you share 8:2 ratio (10 upvotes per day - 8 self and 2 out) I think it's a fair deal! By the way, this is our own investment. So, personally I believe it's no harm the invested person utilize it either way!

Cheers~

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honusurf (62) · 6 years ago

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coininstant (66) · 6 years ago (edited)

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travelnepal (65) · 6 years ago

“Earth provides enough to satisfy every man's needs, but not every man's greed.”

― Mahatma Gandhi

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mima2606 (69) · 6 years ago (edited)

I think this is the only way to get more steem

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steemitboard (66) · 6 years ago

Congratulations @berniesanders! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You got more than 38500 replies. Your next target is to reach 39000 replies.

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking}
_{If you no longer want to receive notifications, reply to this comment with the word STOP}

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

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bien (70) · 6 years ago

I agree,but not all people are like that,i know some people here on steem investing their money to power up and give their upvote for free to some authors on steem..
like @nathanmars he always give upvote for free,@steempyt upvoting authors for free..

Self upvote is not bad because they invest and use their own money to make money,it is for them if they want to give free upvotes to others and not only for their selves.

more power and God Bless!

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mehta (80) · 6 years ago

You are correct. But after HF21, rewards will increase for investment people. They will get 50% of upvote without doing self vote. If we decrease it by 10% less pool then it will be approx. 40% from existing curator reward of upto 25%.

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fknmayhem (70) · 6 years ago

50% is only when nobody else upvotes a post. Otherwise (upto) of the whole rewards are shared with all curators for that post, based on their upvote time and actively managed stake.

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mehta (80) · 6 years ago

Yes, true but you will get your 50% share after the HF21. and this will be better than HF20.

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fknmayhem (70) · 6 years ago

That's not how curation works.

50% of the rewards will be shared AMONG ALL curators. You do not get 50% of your upvote. The curation will still be distributed with all curators.

There will still be frontrunners who will now get a much larger part of curation rewards due to 50% rather than 25%. You can totally expect that there will be automated front-running accounts who will vote at 36 seconds (the 12th/13th block after post publishing). And their earned curation share, compared to now, will be much larger.

If you're the largest whale and upvote a relatively popular post rather late... You will still be the loser and you may end up with only 5-10% of the curation rewards on that post. Which may be much less than 50% of your own vote value.

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mehta (80) · 6 years ago

I agree with this phenomena. but after HF21, this will be not the case as i think. Is it also in HF21 ?
In HF20, if you upvote wisely you will get approx. 100% return by your above current/detail calculation. But this will be not the case in HF21, as i think.

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jondoe (85) · 6 years ago

No. He is talking about post hardfork. People self voting get 100% of their votes each day, if they are forced to curate, the will get 50% of their votes each day, if they are good curators that is. This will not create more demand for SP, instead it will create less.

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fknmayhem (70) · 6 years ago (edited)

Even more so with the 1 minute window. The switch to 50% will make smaller stakeholders earn more because they can automate, where actually manually curating orcas and whales will be the ones subsidizing the increased curation rewards of early voters. Anyone minnow could easily sacrifice their $0.02 and upvote after 6 seconds in order to maximize their return. Upvote Acid and Bernie as soon as your script allows and you're golden.

By trying to fight "abuse", the behavior of few, each new proposal (and HF) is actually penalizing investors because the focus is constantly on Minimizing abuse. Which, as per white paper, can not be annihilated. The focus should be on actually improving returns also for larger stakeholders. That will increase demand, not a model in which the HODLers subsidize even more.

We know the Austrian model is not what drives Steem anymore. Returns are, not idealism and ideology.

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jondoe (85) · 6 years ago

Yep, I completely agree. This fantasy of chasing "quality content" is what is actually going to kill this place. If it had been geared towards people maximizing their returns it would actually give people a reason to invest. Right now there are few few reasons and every hard fork is giving people less reasons.

themarkymark (78) · 6 years ago

The window is going to be 5 minutes. The 1 minute has been modified.

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Show 1 more reply

libert (63) · 6 years ago

Posted using Partiko Android

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tonygreene113 (59) · 6 years ago

Tangible metals are a much better place for me to park and forget some fiat dollars.
STEEM looks like a good bet for the "hopers" among us here.

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xmauron3 (58) · 6 years ago

Do you believe steem might be priced at 0,01 cents in the future because of that ?

Posted using Partiko iOS

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berniesanders (77) · 6 years ago

Let’s hope it goes lower than that. It ain’t worth s whole lot more.

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14 votes

madalchemist (52) · 6 years ago

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coininstant (66) · 6 years ago (edited)

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madalchemist (52) · 6 years ago

Flagging my throw away account, good job retard

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themarkymark (78) · 6 years ago

Throw away, but not anonymous.

@.........e amirite?

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coininstant (66) · 6 years ago (edited)

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manishmike10 (63) · 6 years ago

I agree with you. No business is successful because it is giving things free. Apple is here because they were hungry for profit, it they had to just donate they'd end up being a junk. People think they should get everything for free in this world without working for it. Nonsensical attitudes.

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berniesanders (77) · 6 years ago

Amen.

You think @ned and @dantheman left because they thought Steem was going to be too successful?

Nope, they realized they made a grave mistake.

16 votes

manishmike10 (63) · 6 years ago

I'll compliment them for creating steem. But.....! Compulsory vote someone else culture will or might not let steem even be par with shitcoin XRP. In a Decentralized platform you have your right of way and no once should tell you what to do.

(It's your money! Do as you please to with it. I have nothing to do with your money, but I can work to be there like you)

We need such mentality.

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karenmckersie (74) · 6 years ago

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voxxe (51) · 6 years ago

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chekohler (70) · 6 years ago

Lol all I'm getting from this post is buy more steem which I can't argue with, if you're selling your steem i don't see why you even bother complaining since all you're doing is giving your steem to those who want it and they get even more say and rewards!

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voxxe (51) · 6 years ago

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baah (61) · 6 years ago

You remind me of @caladium.

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honusurf (62) · 6 years ago

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voxxe (51) · 6 years ago

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klevn (47) · 6 years ago

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berniesanders (77) · 6 years ago

Consider your account dead.

Do not come back.

$8.16

17 votes

klevn (47) · 5 years ago

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honusurf (62) · 6 years ago (edited)

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coininstant (66) · 6 years ago (edited)

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coininstant (66) · 6 years ago (edited)

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coininstant (66) · 6 years ago (edited)

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coininstant (66) · 6 years ago (edited)

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honusurf (62) · 6 years ago (edited)

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swiftcash (64) · 6 years ago

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stimialiti (60) · 6 years ago (edited)

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steevc (73) · 6 years ago

Why be part off the problem? Enjoy your 1c

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coininstant (66) · 6 years ago

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stimialiti (60) · 6 years ago (edited)

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coininstant (66) · 6 years ago

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stimialiti (60) · 6 years ago

STINC is so corrupt that your content is not accessible to read or to reply, both on steemit.com and even on steemd.com.
I had to click this comment again and somehow seems to be able to both read and reply to it.
Please downvote this one: https://steemit.com/how/@sparkesy43/sparkesy43-re-johndoer123-the-farm-is-a-no-go-20190721t134726884z
I will flag it myself, but he almost always upvotes himself especially after I flag him and often using an alt.
He even took the time to officially bitch to r0nd0n via discord so he is also protected by freezepeach, which is why it is so important to flag him during the last 12 hours before payout.
I have some things to teach you and some things that I hope that you can teach me about STEEM, and other more general tips.
Can I ask you anywhere else?

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10 votes

sparkesy43 (59) · 6 years ago

Seriously dude, WTF is your problem? I haven't issued a downvote in months.

Posted using Partiko Android

kdtkaren (0) · 6 years ago

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honusurf (62) · 6 years ago (edited)

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coininstant (66) · 6 years ago

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sparkesy43 (59) · 6 years ago

Actually My question was directed at stimialiti, given he linked my post here and has been downvoting me for quite some time. It seems to be a case of guilt by association.

Posted using Partiko Android

honusurf (62) · 6 years ago (edited)

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coininstant (66) · 6 years ago

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anthonyadavisii (70) · 6 years ago

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prameshtyagi (71) · 6 years ago (edited)

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baah (61) · 6 years ago

Curation rewards = giving for free.

You've just been nominated as the realest dumbshit on here, courtesy of your impeccable observation.

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https://steempeak.com/@prameshtyagi/puc3fi

enforcer48 (68) · 6 years ago

You are talking to the guy who complains about weak hands selling, but runs a shit bot that upvotes indiscriminately for those weak hands.

Then, he does some cognitive dissonance dance and says but my bot doesn't sell. Right...because all the delegators and vote buyers just hold their bags.

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baah (61) · 6 years ago

Fucking douchebag.

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coininstant (66) · 6 years ago

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voxxe (51) · 6 years ago

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berniesanders (77) · 6 years ago (edited)

Well, now you're on a permanent downvote list.

CONGRATULATIONS!!!

Also, do you kiss your daddy with that mouth, boy?

15 votes

mrchef111 (69) · 6 years ago

Boom! lol right on! I use to not upvote myself because it was "Taboo" But now heck yeah I do! Awesome analogies by the way.

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heimindanger (68) · 6 years ago

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berniesanders (77) · 6 years ago

You hate me cause you ain’t me.

Poor schlub.

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14 votes

heimindanger (68) · 6 years ago

Why do you purposely try to hurt STEEM's ecosystem, despite having a large stake in it?

Masochism?

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berniesanders (77) · 6 years ago

Yeah, suggesting we need a reason for people to actually buy steem is certainly hurting it.

Fuck off halfwit.

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14 votes