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RE: The Reward Pool for Morons - It's a Bid Bot Stupid!
Well put. It is not a bottomless pool. The sooner people wake up to the reality and accept it, or state that they care less about the rest of the platform, the better for the community as a whole.
There should be a united effort by everyone who opposes such abuse to pull together, rather than a few people without the power to affect change putting themselves in the firing line for flag wars.
Well, the problem is when only the people with SP can do anything about it, if the changelog for HF 20 doesn't do anything about it then we can't expect those parties to not continue in their own self-interests. If some people seek profit maximization in the present or if others want to delegate their power to teams building apps or if some just want to cash out completely that's all up to them. The ordinary users don't have much to say about it. All this does is scare people away from a very obviously rigged game if everyone is yelling about how broken it is literally all the time and no one has the power or incentive to change it.
Because all votes are weighted it means the unpowered masses are literally helpless, and they'll continue to do what they've done in the past, which is to boycott the entire mess and stop using the website completely. 90% of people disagreeing with an activity on steemit doesn't matter if their voting power is a few percent, and most are too caught up in dreams of making it big and cashing out as billionaires to see all the red flags.
I agree and wonder what this looks like to an investor thinking of putting their own money into Steem. They're gonna think twice.
I mean there are more than a few reasons why, say, Ashton Kutcher doesn't have a big share of steem, lol. User retention is king, and that metric alone is going to scare away any serious bucks from considering the platform or the coin. As for how and why the coin has seen meteoric rises in the past, well, I'll let the whole Tether+unregulated exchanges thing unfold and that'll pretty much explain itself.
If shit like Kraken charging 0% non-margin trading fees doesn't scare the living hell out of someone then I don't know what it would take to wake them up. That's a pretty obvious ploy to entice people to keep their money on the table.