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RE: Why I am negative to "WhaleShares" and believe it will be another "RewardPool-RAPE" for #STEEM.

in #steem-politics7 years ago

Yeah, it's literally vote-buying. I'm not sure how this is supposed to improve anything. And I imagine that the people who need the votes the most won't be able to buy them anyway.

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exactly - man, you are so on point.

the people who need the votes the most won't be able to buy them anyway.

^ That right there - is wisdom

Thank you for a great great comment @ats-david, very welcomed!

Agree with both of you. I would consider myself to be in the Steemit "middle class" so I bought a few shares to see what the fuss was all about. The conversion rate at the time was roughly 1 BTS/WHALESHARE. Essentially it boils down to 1 BTS/1% of upvote. To me it definitely wasn't worth it even for those who can afford it. The cost-benefit ratio just isn't there.

More reasons besides upvoting for good quality. This isn't a good thing at all...

Why even have steempower if people can just rent the use other peoples steempower?
There are systems that we build on top of steem that benefit steemit, and there are systems people build within steem to game the system. Lets be constructive and aim to add value rather than reap value. Best.

I thought about that too... What if i don't have enough tokens to buy the votes?... People with more tokens gets more upvotes and more money to buy more tokens... Capitalism all over again lol

The whole idea seems unorganized, unnecessarily complicated and undermines the integrity of the upvote system.

thank you for even further explanation. cheers @ats-david

Sounds like a pyramid scheme. And i see more initiatives like this .

Yeah...notice that I said they got "scooped on the scam?"

What exactly is your point?

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