RE: Joining in on the self voting on comments fray...

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Joining in on the self voting on comments fray...

in steemit •  8 years ago 

It isn't minnows self voting that causes rewards to be concentrated in a handful of accounts. Minnow votes worth a few cents are only of impact in large groups.

However a whale self vote can be worth $1000's. Imagine if you could give yourself $1000's every week if you didn't curate the posts and comments of others. How motivated would you be to keep that money?

It takes tens of thousands of minnow votes to equal one whale vote worth $1000. This income stream is very competitive with the native desire to curate content. Too competitive. I am amazed at every curation vote whales cast, because each time they do this, they are giving away that money instead of putting in their wallets.

It is hard to expect them to do otherwise on a platform that is designed this way. It is a design issue, not necessarily an issue of human greed. The weighting of votes by personal wealth just prevents fair distribution of rewards in the way the developers intended, so I think votes need to be weighted by reputation, or equal.

This would enable capital gains to inure to substantial investors (by appreciation in the value of Steem, driven by the growth of Steemit, just as stocks increase in value as companies grow, and investors in stocks achieve gains), in a platform that encouraged curation, rather than made it almost impossible for those who have to forego large income streams to do it.

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This is sad!

I am unable to ascertain your exact meaning from the lack of detail in your comment. Is my reply saddening? Is the problem so? I'd value your providing a bit more information, so I can understand what you mean.

Thanks!

Lol the problem is, i'm addressing the problem as being a sad and unfortunate issue for steemit.

Thanks! All I can say is that the folks here are giving it their attention, and want Steemit to be better. No new invention doesn't require improvement, and Steemit is no different.

These challenges will make Steemit better, because these good people are interested in nothing less.

I like the part you said No new invention doesn't require improvement

Well, i was wondering if as time goes on, if steemit could grow to be a community where top steemians become Steemit Celebrity though i am not really banking on that, but i am building up my account to be ready for when the big bang of maximum exposure will hit Steemit and it becomes a thing, big bang or no big bang, either way i still wanna use steemit the proper way and let it reward me the proper way.

Hopefully, the power to upvote your comment will be controlled soon or abolished.

There is a lot of wisdom in preparation. As the old saying goes "fail to plan, plan to fail."

Thanks bro