I'm afraid that I don't quite follow what you're saying but I'll try to reply...
Why are the investment methods being questioned?
This is the part I don't quite understand - are you questioning why I'm questioning the usage of UPVU?
In my opinion, the idea that these platforms are decentralized is a myth.
Why don't UPVU and SC01 join?
With what purpose?
What is complicated here is the ethics and quality behind each post of who delegates to UPVU, also keep in mind that there are many people who get tired of waiting to be taken into account by SC01 and decide to change their route, this does not mean that they become mediocre and opportunistic.
I partly agree with this as I know people who use UPVU who are good for Steemit. However, you can see that the "average post" by UPVU users falls well short of the "average post" of a non-UPVU user. The simple reason being that they don't need to make the effort.
I referenced Blurt in my post. I experimented with UPVU on Blurt and my behaviour changed drastically. I NEEDED to post something every day so most I my posts ended up being photographs of the sunrise out of my window. Beautiful but not something I'd do here because I fear it would ruin my credibility.
Unfortunately, there is a double standard here. Already high reputations are no guarantee of the integrity of the people in Steemit.
High reputations are meaningless because many that have these high reputations do so, because of their use of UPVU and Tipu.
The clubs have also created a gap, after all in the end there is no independence here, you are guided by UPVU or by SC01 to survive.
The debate surrounds clubs is separate but your final sentence is 100% the point that I'm getting at. At the moment, it's the UPVU way... or the SC01 way. As UPVU becomes more powerful (relatively speaking), then only 1 way will win out. i.e. Steemit becomes UPVU.
Thank you very much for your answer.
As you pointed out, preventing the coexistence of UPVU would be a factor in weakening the platform. Why can't the strongest of Steemit join? The UPVU -SC01 alliance would help with the growth of its account (SC01) and consequently avoid a possible extinction.
Otherwise, anticipate the creation of another platform, I assume that it is not an easy task.
The low quality of content has not only been promoted by UPVU and related accounts. In Steemit with the slogan #TheDiaryGame and the centralization of votes in this dynamic, it has also affected the creators of other types of content.
Thank you very much for sharing your opinions. In the end, some of us want a little equity, but there are things that are out of our hands.
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Hi, thanks for the reply and for clarifying...
3 problems come to mind:
This happened with Hive when Tron bought Steemit Inc so we've seen it done before. The difference this time is that back then, there was a very strong and active community of developers that felt so strongly about the perceived "takeover" that they did something about it. In my opinion, this doesn't exist on Steemit any more so a breakaway platform is unlikely. I would also be surprised of Tron allowed UPVU to quietly takeover in this way.
The are already other alternatives if Steemit slowly continues to become UPVU. Having invested so much of my time in trying to make Steemit a better platform, this would upset me which is why I'm hoping to bring some attention to what is slowly happening (if people weren't already aware).
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Bidbots simply (always) destroy the idea of supporting high quality content because they simply don't care at all about what they upvote.
Many users then again also don't care about what they post because independently from their effort they get upvoted anyway as long as they pay the bidbot owner.
The platform gets more and more centralized in a sense that few players are accumulating money. The bidbot owners not only get paid but also receive curation rewards for their votes.
In the long term nobody benefits because the appearance when looked at from outside of the social network is that bad that new investors aren't interested to invest and buy the token. The value of the token decreases. The platform looks like a dessert full of automated bots and farmers.
Hive has many flaws and I got many downvotes for criticizing their top oligarchs ehm witnesses, but at least they were curbing the use of bidbots, which is one of the reasons why nowadays the HIVE price is much higher than the STEEM price.
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And increasingly, Steemit becomes less of a blogging platform and more of an investment platform. STEEM becomes a cryptocurrency without its reason to exist in the first place. Potentially meaning that STEEM survives in some form, but not to underpin blogging like the HIVE has done.
My thoughts have certainly wandered a lot more since writing this post 🤔
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Yes, the 'funny' thing is, that instead to post one could then simply stake STEEM and earn money for staking! Then at least one wouldn't pretend to earn money for writing great posts and hadn't to pay a bidbot owner additionally - it would be clear then that STEEM was now a platform to earn interest for invested money.
My (serious) idea was that one could devide the rewards pool into two separated pools, so one had to decide to either stake one's STEEM (for a good interest rate but then without the ability to vote on posts) or to be in the author reawards pool where one would be able to (manually - no automatism allowed) vote on posts and earn money by writing own posts.
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It's a good idea. If people wish to have part investment / part blogging, then they can create 2 profiles. Unfortunately, I have no doubt that the scammers will find a way of ruining this idea too. Much like the farming accounts that exist (which reminds me of a job I need to do) and the circle-voting.
The "obvious" downside though is that I can't see how the ROI for staking STEEM will compare to the existing returns that UPVU returns.
It feels to me that for any solution to work, we either need UPVU's involvement / cooperation or regulation of UPVU via Steemit Inc.
Whether we'll get either is something that I don't feel particularly optimistic about.
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That's true: the platform is already that centralized that without the cooperation of @upvu and/or Steemit, Inc. there won't be any progress possible anymore.
Sad situation, and I personally tend to believe that there is no hope anymore (that's why I also have no more stake involved here, to be honest ...). Of course I hope to be proved wrong.
I have the impression that concerning HIVE there is a little bit more hope, as nowadays the Splinterlands community (which is rather decentralized due to so many different big stakeholders ) is already bigger (and altogether richer!) than the few Hive 'oligarchs' on top of the witness ranking.
The problem is: if Splinterlands investors would try to buy HIVE (they now own SPS and DEC, the in-game currencies) to get in control of the network, that would cause the HIVE price to rise dramatically so that in the end the 'oligarchs' benefited again ...
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There are many things that I need to learn from the platform, I would not want to sin by my ignorance. Another idea, which may be somewhat crazy, is that many users delegate to SC01 and somehow balance themselves against the power of UPVU. The negative of this, are the expectations that the delegators could create around waiting to receive a vote. Unless it is something voluntary and a plan is better structured. Hopefully you can share at the time the possible solution to the worst scenario. Greetings!
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There's so much to learn - I've been talking to people and learning since I signed up and even in response to this post there's been new information for me 🙂
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Your publication has served a lot, to learn and reflect. When you have news and ideas, please share them with us. Greetings!
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