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RE: Do you think Palnet "holds no value" and disagree with minnowsupport bot?
This is a very similar method whales on Whaleshares used that brought down the price of WLS significantly.
Freedomexists being a good example.
What would happen is that you would sell your WLS for BTS, then use BTS to buy the "Whaletoken" on the market. You would send the whaletoken to the whale and he would upvote you for a higher amount of WLS then you spent.
This created massive downward pressure on the price of WLS and one of the reasons Whaleshares is pretty much dead.
SCT wont have such an effect but you can see what stuff like this does.
For now SCT and Steemmonsters are operating almost entirely on vote selling through alt coins and a few self/affiliate votes. Maybe there are a few more.
They've been getting away with a lot as most of the attention was focused on conventional bots since the EIP, but I've been targeting them lately as have others
Its easier to hide since the sale isnt written on chain.
Same as with WLS.
Also could you look at the comment i pinged you in an hour ago. Want to see what you think.
Posted using Partiko Android
They're still written on chain, but through custom json
But your point stands that they don't have to be written on chain
I don't think it's trivially easy to create a vote selling service with very far reach yet have the voting accounts themselves be difficult to detect. Although it may be pretty easy to hide payments that track individual posts. So you can likely scrutinized accounts of known vote sellers for a while at least and downvote their votes on low quality content.
Ultimately, we'll have to move to a culture where people need to feel comfortable downvoting and getting downvoted due to reward disagreement. It'll never feel great getting downvoted, but there doesn't need to be drama each time.
That will never happen. You are not going to magically change the way humans react to downvotes/dislikes. When rewards are involved it is even less possible.
It is an action that people will continue to find insulting and aggressive. It will simply never take place that everyone will just be fine with downvotes, not unless Steem stops receiving new users and maintains only a static number of accustomed voters.