There have been a lot of discussion around the use of vote buying services on Steem and the negative effect this is having on the user experience. One look at the trending page and we can see the prominence of these services being used to boost some average content. Meanwhile, we have a Promote button embedded on each Steemit post that’s hardly being used.
A proposed solution
Why don’t we make it attractive for people to start using the Promote function on Steemit again?
With the negative impact of vote buying services on Steem, there have been a lot of discussion around how our whales could help to curtail the impact of these services, but then again, very few whales would be willing to use their Steempower for this purpose as it is unprofitable and attracts potential retaliation.
What if there was a curation service focused on curating quality content under the ‘Promoted’ tab?
The increased attention given to the Promoted content would make it more attractive for Steemians to use the Promote function to promote their posts, as well as incentivizing other curators to get in early on quality promoted posts.
In addition, with the rising price of Steem this year, we’ve seen a rapid growth in the supply of SBD on the market. In the long run, this isn’t sustainable, especially if the price of Steem takes off again. Therefore, by increasing the use of the Promote function, we are helping to reduce the supply of SBD, as SBD sent through the Promote function are burned. This is the only way I know of currently to burn SBD, besides converting SBD to Steem which no one will use as long as SBD is significantly above $1
Introducing @promocurator
The @promocurator account has been set up by me to curate quality promoted posts. So if you think this is a good idea, please comment below and delegate to this project. I’ve also setup a curation trail on Steemauto where you can follow the vote of @promocurator if you don’t want to delegate. Again, please leave a comment if you would like to follow the curation trail.
At the moment this service isn’t yet active. But if I receive enough interest from the community with regards to this project, I’ll make it active and recruit others to the curation team and make this more of a community project.
Let me know what you think. If you have any suggestions, please reply in the comments below.
As someone who puts a little bit to promote every post I VERY much endorse this! Let me know what I can do to help. Followed, upvoted, resteemed!
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Thank you
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There are mechanisms to cap the amount of SBD built into the Blockchain code (the SBD print rate). If the supply of SBD is too high, rewards are credited in STEEM instead of SBD.
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Thanks a lot for this informative post
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Great idea! Something that promotes good content.
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this looks great the promoted tab needs to be revived again
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This is an interesting proposal.
I'm not sure about following a trail or delegating but agree that promoted content via this button should be more visible, and that the current regime isn't positive for the platform.
Thanks for putting the idea forward, I'll be checking in to see what others contribute to the discussion.
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Sounds interesting. I will make my thoughts about it.
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This function was helpful or not ??
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very good post
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Good post.
I'm intrrested in it. It's good idea ;)
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Hey, any updates on this ?
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Hey mate, unfortunately haven't had any buy in from any of the whales. If you got any ideas on ways to progress this, would be happy to hear your ideas.
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Well I think you'd have to start doing it as a proof of concept to get support
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I'm running as a witness now. I really hope and urge you to do this pro bono and I will support this and try to get more supporters for you
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Thanks, I have everything set up already. Just need enough support. I will start voting with the account once the account is delegated above 3k SP.
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Okay, why only after 3k exactly?
My point is it would be easier to garner support with proof of concept
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3k is just a number, because votes become a bit more significant at these levels.
True, but proof of concept is not really possible when there is no SP in the account. You need the votes to be worth something first.
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Yes, but when people see that it works they'll be more inspired to delegate etc
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