I have no qualms if people want to use randowhale, or booster, or whatever comes up next, because Steemit is a free market and people can choose what they want to do with their own funds. However, I would like more people to understand how the promoted section works because it is more of a benefit to the Steemit eco system. In that it 'burns' SBD, which in turn lowers the amount of SBD in circulation, therefore raising the price and lowering inflation. randowhale has made a killing in SBD while using his high SP to reward people from the pool, which doesn't hurt him at all. Smart business move on his part.
RE: A Brief History of Randowhale - How it made 70k+SBD in 55 days.
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A Brief History of Randowhale - How it made 70k+SBD in 55 days.
Promote your post does nothing but burn your steem. You get nothing in return. I was wanting to get a photo contest i was doing in the eyes of alot of people. I was giving away my own steem and used 50 sbd to promote the post to the top. I got not a single vote or comment from it. All it does is burn your steem so whales steem are worth more. Its broke and a giant waste to those trying to be seen and noticed
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Sounds to me like you're taking your ONE experience with it, and taking that experience as the end all be all of experiences. I (and many others, for a fact) have put in x amount of SBD to promote a post and it was of value at the end of the day. I don't know what your post was about, but I feel like you're saying "One time, I took a shit in the yard and posted a pic of it to Steemit, paid 50 SBD to promote it and no one liked it! The system is broken!" Clearly the market didn't value your content as highly as you did.
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I am one of the best photographers on steemit i doubt my post is shit. But i am sure your always right though.
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I don't doubt your skills man. I don't think I'm always right, but in this specific case I do. The promote tab is a lot like starting a business. You have to take the risk of investment before you know if it's going to pay off or not, capitalism at its finest. In this case, you valued your content at X amount of SBD and the market didn't reciprocate. If it had done well, I am sure you would have gave it a rousing endorsement and would have used it again in the future. I apologize if my prior response came off harsh. That'll happen late night after a few old fashioned's :) Steem on bro.
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