The burnpost and sbdpotato initiatives are a crock of sh1t. If they really wanted to burn all that steem, why don't those accounts just power down and send the liquid steem to @null
I gave the beneficiary to sbdpotato a go but I won't do it again. The 2-3 steem that's going to get is hardly worth it from me.
The automatic upvoting needs to stop and be disabled, only to be allowed for following manual curation projects with a curation trail.
Edit: I will give the sbdpotato beneficiary a bit longer and see if the experiment proposed gets adopted and helps with trending.
See my response to OP in the comment thread for an idea/plan that I just thought off with regard to the curation trail bit
For me its more about making them stop polluting the trending page and them farming curation on shitposts and burning the author part of it instead of voting quality content (which SBDpotato and Burnposts arent) and real authors.
That is telling me, in this case when theres so many of these posts trending, that whales dont want or need creators. All they need is something to farm curation on. If the other half they wouldnt get anyways (author rewards) is burned, then even better.
That's why I think auto voting should be disabled and only allowed if your following manual curation trails that focus on quality content. Would still get curation rewards for little effort just by virtue of following the trail.
I'm sure a strategy can be adopted where a couple of whales follow curie, a couple follow c-squared, etc and they rotate the front running account each week so they aren't "hard done" by curation rewards...
Maybe authors can start with the beneficiary to sbdpotato as well but that's assuming those that put in the effort with their posts will get a little bit more upvotes to compensate for setting the beneficiary...
Cause then they'd lose out to those who don't, why jump off a cliff to make the lives of the others better when you can instead use your influence over the inflation to make it cost for everyone equally to fix the peg.
I think they'd be okay with doing this as long as their initiatives get funded, hence the proposition to burn part of the rewards so they don't have to dish out those daily posts but all authors would fund them with their content instead. Again, there's no personal gain for these initiatives other than wanting STEEM to do better in terms of marketcap and a stable peg.
We're all jumping off a cliff if Mr Potato Man keeps getting burned in some horrific rendition of Toy Story 5 on the trending page 🤣🤣
Trouble is, authors who spend the time and effort making a post (from over the last few years and from now) need to believe in that long term vision too if we're talking years. They'll need some convincing to ciphen off more rewards.
Yeah, that's what we're trying to do now at least towards the people we with OCD usually curate. If they burn part of the rewards they'll get a higher vote to make up for that percentage and if sbdpotato/burnpost start seeing beneficiary income being generated that matched what their posts generated they'll adjust the amount of posts over time and curate instead as long as the initiative keeps getting funded to fix the peg.
OK well, I'll try a couple more posts with this experiment but posting from the steemit site is a drag! I'm hoping once SteemPeak integrates with the go live after HF23 it will be a lot easier to write proper posts in communities.
Let's hope more people pick up on this. I'll have a chat with the top 3 panel and see about if we can encourage this experiment in our next month's contest.
Someone said it's enough to add the hive-174578 tag (OCD) in the post for it to be visible in communities no matter from where you post, untested from me still.
Well in the spirit of experimenting, I'll give it a go with my next one 😜 could even go next level with it and try the tag from the steempress plugin and see if it copies over... That would be pretty cool.
Do you know if you can edit beneficiaries after a post has been made or can you only set them before publishing? 🤔
Well, I just gave that tag a go but don't know if it has appeared in the OCD hive/community. Latest post was this one.
It's kind of the same theory as pre HF when no one wanted to downvote as it would cost them curation/ROI. There's not enough buy pressure on existing SBD on exchanges, whoever pumped it got rekt hard and is probably selling way under ROI back for Bitcoin. It would be irrational to expect them to know what they are holding when they bought the same token way above peg. Some may be buying it who believe Steem will survive this bear market and SBD would be back to peg - I mean it's a pretty good ROI (almost guaranteed 40% at least) if you have some fiat to spare and believe SBD won't be removed or Steem won't go to 0 and die off. Guess the odds are against us now or not enough people care to even know about SBD.
There's almost no demand for SBD. The only thing the Potato will likely achieve, as people like @phgnomo mentioned, is making it a pump and dump token on exchanges.
With the downvote bit, from my point of view and experience, people weren't using the downvotes either because they didn't want to out of fear of retaliation, didn't understand fully what it actually meant (I.e. Not logically thinking that the vote buttons are an indicator of where you want rewards to go) or just wanted to focus on the positive aspect of it - assuming everyone I'm referring to is a genuine person (not taking in to account vote trading and other shady stuff).
I don't think the average user appreciated what having a couple of free dv per day means and it's a vital balancing act if used properly.
I don't know enough about the ins and outs of SBD but I see SBD as probably being pivotal when trading all the new SMTs that are due to come out. Having a stable price for SBD would make the most sense and then STEEM becomes the resource credit to use your account or create accounts with (more like for account functionality and bandwidth) or using non-smt like the steem engine tokens (not sure about this bit though).
I made sure I didn't press "reply" before saying anything this time! Funny how the phone screen becomes most sensitive when you don't want it to, yet wrecks me when it comes to autocorrect lol