RE: On Recovering From This 'Crash' in Crypto Prices. Why Invest In Steem? SMTs, Reinventing Our Image & Building Steem Co-mm-Unity!
Very nice post ura-soul. I agree with several points but not all. I am frustrated with bid bots, though not because I think they shouldn't exist, but because they are too greedy, when the point of Steem is to profit content producers, the bots take up all/almost all, and sometimes put posters into the negative.
The key issue we're facing on Steemit/Steem is greed. Way too much greed and selfishness, nobody upvotes others. I have had people actually like my posts, comment but not upvote. Clearly, this is because they are trying to reserve that value for themselves. I would like to see certain features implemented to fix this:
- Self-votes = burned Steem/deflationary
- Upvote power diminishes when upvoting the same people on a weekly schedule. *
*For example, let's say Joe is buddies with Bob, upvoting Bob the first time is 100%, next time 90%, then 80% and so on. This will lead to people being more liberal with their upvotes to strangers. I think creating Steem to become too clique-oriented is a bad idea, this will only lead to it being a 1 billion dollar blockchain instead of its potential to be a 1 trillion dollar blockchain.
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Thankyou! The bidbots really steal a lot of the passion from the network - we lose the competitive driver of creativity when we know that the most exposure is bound not to great ideas but to the size of the wallets involved. We could have a space where people really prize the ability of getting onto the trending page because it really does mean their ideas are great - but instead we have a much watered down version that is just .. meh.
I think the reason why there isn't a block on self-votes is that it is simple to just create a second account to upvote yourself from and bypass the block. Your idea to diminish the voting power if we keep voting on the same account is interesting, but it can still be bypassed (and would be bypassed by those with intent to do so). I could actually create an app that you pay $50 to and then it will create you a bunch of accounts that will upvote each other in whatever way is necessary to bypass the limitations you are thinking of introducing. I think we are a bit stuck here without either: a) some kind of machine learning that can detect circle jerking or b) oracles that can reliably enforce 'one account, one human' or something similar.