SBD Potato Day 51: Potato Police!

sbdpotato (74) · 5 years ago

Additional Comment #1

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likwid (70) · 5 years ago

This post earned a total payout of 8.094$ and 6.086$ worth of author reward which was liquified using @likwid. To learn more.

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sbdpotato (74) · 5 years ago

Additional Comment #2

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likwid (70) · 5 years ago

This post earned a total payout of 7.937$ and 5.968$ worth of author reward which was liquified using @likwid. To learn more.

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sbdpotato (74) · 5 years ago

Additional Comment #3

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likwid (70) · 5 years ago

This post earned a total payout of 3.112$ and 2.340$ worth of author reward which was liquified using @likwid. To learn more.

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cardboard (61) · 5 years ago

Steemit should have some build-in functionality to hide posts or not display them on the trending (like "spam" tag or something).

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whatsup (75) · 5 years ago

I think they look terrible on trending also, but on the other hand they are true reflection of the current state of affairs so I have mixed feelings. Seems almost dishonest to hide them

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abh12345 (76) · 5 years ago (edited)

Yep! @burnpost and this one are ideal candidates for #donttrend

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smooth (70) · 5 years ago (edited)

How do you keep milkers and scammers from using it to minimize the visibility of what they are doing? There is already a problem with people hiding milking in comments, and creating a ton of work for people trying to track that down and keep on top of it (generally unpaid or minimally-paid work at that). Do you really want to give them another tool?

FWIW my recollection was that the experimental tag used by @burnpost was once hidden (which was why I originally used it for @burnpost). I don't recall when it changed, but I'm really not sure it is a good idea.

Decentralized systems require us to think about not only how features can be used but also how they can be abused. Easily abused features need to be reworked, removed, or countered with some other offsetting benefit for the "good guys".

Finally, it may be ugly that these posts have visibility but is it "bad"? I personally think both projects are a benefit to Steem (sure not everyone agrees, and they should vote accordingly). In the case of @burnpost, when it had just a few whales supporting it, the rewards were generally around $20. As it started to get visibility, it also got more support, as more Steem voters saw the initiative and decided to support it. There is now a lot more burning happening as a result. Is that a bad thing? I don't think so, and neither do the voters who have joined in supporting it.

Cosmetics matter, but they aren't the only thing that matters.

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abh12345 (76) · 5 years ago

Hi @smooth

Firstly, I support and vote on both projects and have no problem with them earning visibility.

Had I not been getting off the bus this morning I would have mentioned the risk of users hiding posts from trending to escape peer review, that’s a fair point but easily solvable with a show/hide ‘hidden’ - same functionality as is in place for Resteems.

To some crypto educated newcomers, seeing a community burning its tokens could be a seen as a positive, but I get the feeling that most new visitors to steemit.com would be rather clueless to this ‘less attractive’ content.

Wishing you a good new year.

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1 vote

smooth (70) · 5 years ago (edited)

IMO there should be another welcome page that isn't a trending-type page that is based on votes.

I agree with you that for new visitors seeing the most voted content is not the most appealing content, nor is it ever likely to be a good variety that shows the broad range of what Steem has to offer.

Especially so for not-logged-in users who can't vote (up or down) on the content anyway.

Happy new year to you as well!

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lordbutterfly (70) · 5 years ago

We could name a 100 things that we would want different but in the end we have to deal with what we have now and what we have now is 6-7 potato/burnpost trending posts.
You could claim those posts have value since people are voting them but there is no escaping that they are shitposts and whenever someone comes here they see those shitposts.

People that agree with my stance are in the overwhelming majority in numbers yet in minority stake. (Dig through the posts on this topic)
Stake does trump numbers here which is why everyone is trying to appeal to common sense of those running these projects.
This isnt a good look for Steem and another thing to consider is the creators that see towards what the rewards are going. This isnt encouraging anyone to remain here but rather killing motivation.
Im not saying we should be bound by what others feel and think but if youre a big stake holder you probably should consider it and weigh the pros vs cons when doing burnpost/sbdpotato type projects.

There was this dapp on Steem that was like quora. They had placeholder posts for their comments.
Why not stop making these Burnpost posts and simply vote comments, 10 of them a day at lower values?

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abh12345 (76) · 5 years ago

You could claim those posts have value since people are voting them but there is no escaping that they are shitposts

Based on what? Speed of production?

The experiment is of interest to me and that’s why I vote the posts.

Why not stop making these Burnpost posts and simply vote comments, 10 of them a day at lower values?

I for one would (and do) forget to vote these comments, and at present, these comments also appear in Trending.

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lordbutterfly (70) · 5 years ago

Based on repetition of the same post content where 3-4 of the exact same post takes up trending spots. Based on low effort of the presented content. Based on justifiable assumptions of what those coming to steem will think seeing sbdpotato and burnpost taking the majority of the trending spots.

Comments wont appear if you spread the votes over multiple comments.
Use steemvoter if you cant remember to vote comments.

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Show 1 more reply

phgnomo (64) · 5 years ago

hey man, since you have an interest on this experiment, how about we start discussing with actual facts and knowledge, and not "guessing" if this could work or not.

Feel free to read what i wrote about the basic economic reason why this won't work:
https://steempeak.com/sbdpotato/@phgnomo/law-of-supply-and-demand-definition-and-explanation-or-why-the-sbdpotato-experiment-just-won-t-work

There is also a lot of other negative implications (besides trending pollution) than can come from this, and i am just doing a bit more research about it before writing about it.

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smooth (70) · 5 years ago

Why not stop making these Burnpost posts and simply vote comments, 10 of them a day at lower values?

Burnpost comments have about the same value as the posts usually (not always, sometimes they are somewhat lower), and comments still show up on trending.

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lordbutterfly (70) · 5 years ago (edited)

I mean, make more of them. VP is limited, comments (realistically) arent.

cardboard (61) · 5 years ago (edited)

How do you keep milkers and scammers from using it to minimize the visibility of what they are doing?

By adding a button "show hidden" ;)

Seriously, steemit lacks so many functionalities that it's hard to believe. So happy that we have steempeak.

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abh12345 (76) · 5 years ago

Annnd, problem solved.

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smooth (70) · 5 years ago

Okay let's think this through.

One of two things is going to happen:

Most people don't press the "show hidden" button, and the scammer gets to benefit from low/no visibility
Most people do press the button, so they see all the stuff that people are complaining about seeing in this thread.

Also, you can use the mute button if you want to stop seeing this, right?

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abh12345 (76) · 5 years ago

Those of us logged in and complaining about content from this accounts need to find the mute button.

I thought those concerns over the content were worried how it looks to the outside?

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joshman (70) · 5 years ago

I thought those concerns over the content were worried how it looks to the outside?

Precisely, for people who visit for the first time with no cookies and hit trending. People will mute and filter after they are already logged in if they have a modicum of technical ability.

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smooth (70) · 5 years ago

The idea of a tag or similar feature that hides from not-logged-in users seems fine to me, probably a good idea.

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abh12345 (76) · 5 years ago

That sounds ideal and also quite simple to implement. A Steem centric post, although I don’t think the topic should be out of bounds, could be hidden by an author aware the post holds little value outside - I’m not sure how many users are at this level of awareness/care though.

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kus-knee (74) · 5 years ago

I was down voted and sent a threatening message for voting @sbdpotato posts. Interesting times!

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anthonyadavisii (70) · 5 years ago

Would you be able to tell us the relationship between @sbdpotato and @sbd.bank?

Noticed multiple transfers but it does not seem to be explained or stated that sbdpotato converted SP would be used to sell delegations.

Is this a partnership? If so, it may be responsible for transparency sake to mention it.

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5 votes

phgnomo (64) · 5 years ago

I think is one-way support. On @bank.sbd they say that the rewards from the posts go as shares to @sbdpotato

@cardboard can explain it better.

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phgnomo (64) · 5 years ago

Also, if you are supporting @sbdpotato please reconsider my friend. I started writing some arguments of why this won't have any real effect. Feel free to check it out.

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anthonyadavisii (70) · 5 years ago

I don't support it and think I share your sentiment about this sort of thing being manipulative of the market.

It's especially not good imo for this sort of behavior to be exhibited on Trending and could very well turn people off to Steem.

Not as much concerned about the alleged economic implications of the activity as I am the ethical aspect.

Anyways, I perused your post but didn't get all the way through it yet. It seems very thoughtful so I plan to do that.

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phgnomo (64) · 5 years ago

Nice to hear there is way more people thinking beyond the surface about this matter than I thought!

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preparedwombat (70) · 5 years ago (edited)

Stupid question: I’ve been upvoting @sbdpotato posts and comments fairly regularly, usually at 100% with 7k effective SP. But when I check SteemWorld for pending curation rewards, none of my votes for @sbdpotato are displayed. How’s that even possible?

Edited: never mind, issue resolved.

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coinchaos (63) · 5 years ago

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1 vote

spectresecurity (33) · 5 years ago

Oh i love this!

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coininstant (66) · 5 years ago (edited)

Thanks for listening - nice post & upvoted!

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likwid (70) · 5 years ago

This post earned a total payout of 29.716$ and 22.343$ worth of author reward which was liquified using @likwid. To learn more.

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1 vote

phgnomo (64) · 5 years ago

How about we start having some real talk about the efficiency of this?

Here, let me start:
https://esteem.app/sbdpotato/@phgnomo/law-of-supply-and-demand-definition-and-explanation-or-why-the-sbdpotato-experiment-just-won-t-work

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steemitboard (66) · 5 years ago

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

You made more than 50 comments. Your next target is to reach 100 comments.

_{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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chrisrice (59) · 5 years ago

Thank you @thecryptodrive.

I am concerned with the Trending Page being flooded with @burnpost and @sbdpotato posts too. But if it is limited to a community, I wouldn't really have a problem with it.

Please start ensuring that the posts don't reach the Trending page ASAP, and if it's possible to set our downvotes to downvote once it reaches $35 USD's that would be good and it would be something I support.

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reptileaceh (2) · 5 years ago

Please follow me

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phgnomo (64) · 5 years ago

Shit... I just realized that this sbd 🥔 thing just a perfect long term pump and dump scheme.

Can't say if the creators of this 'experiment' are aware of this or not....

It's a sad day for the steem blockchain...

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epic-fail (59) · 5 years ago

I also will donate this picture for another alternate image for SBD Potato. It shows good humor and can maybe help get more votes. You can use with no need to credit and no STEEM tip required. My gift to the cause. Of course I will do what I can to help the stable coin become more stability.

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enjar (69) · 5 years ago

So basically you need to convert 2.76 million SBD to in total + inflation over that time frame to reach your target assuming that somehow moves the market back to 1$ if that is in fact the reason SBD is trading so far below.

If you had all 215k SBD of the DAO fund today and where only losing 7% per conversions on average maybe after 110 days not including the new inflation you could reach your target? Some lazy math on my end for this last part its 3 am.

What is to keep SBD from doing this again?

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thecryptodrive (70) · 5 years ago

My napkin math as follows 25k SBD dao proposal funding can be converted and cycled 104 times per year which means 2.6 mil SBD will be converted over a year, there may be some losses and some profits, some post rewards can be used to offset the losses or additional dao proposals could be done, before you even get to the 2.6 mil sentiment will pick up and boost the price due to fomo that sbd will rise and make you a quick profit if you buy at sub $1 levels.

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thecryptodrive (70) · 5 years ago

Nothing to keep sbd doing this again but funds sent to the dao at the end of the project can easily be sent back to potato to do this conversion cycling again.

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cardboard (61) · 5 years ago

I think far less SBD is needed, the new SBDs printed go to steem.dao only and small part of it to projects. So on one hand we have limited supply, on the other constant demand.

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phgnomo (64) · 5 years ago

Sbd will do this again. Don't worry. Better get on the pump train before its too late!

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smooth (70) · 5 years ago

What is to keep SBD from doing this again?

The simplest reason is demonstrated willingness of stakeholders to support @sbdpotato or something like it. This did not exist in the past and can be done more proactively in the future, rather than waiting until the imbalance becomes severe.

There are some other system changes which make the future unlike the past including the different print rate logic which makes large pumps less likely and some SBD printing shifted from rewards to the DAO, which both changes the print rate logic and also gives greater direct control over the amount of SBD entering circulation.

No guarantees can be made, this is still all experimental, but assuming the same outcomes because an earlier iteration of the experiment using different methods did not work out is not justified.

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raxsafon (26) · 5 years ago

Nice post!

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jk6276 (66) · 5 years ago

Am I missing something or wouldn't this process be more effective if all SBD was burnt rather than converted.

This would reduce the supply of SBD without adding to the supply of STEEM. Aren't all these conversions just artificially adding to STEEM inflation.

Posted using Partiko Android

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