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RE: The high hidden cost of self upvotes

in #philosophy7 years ago (edited)

Bringing in 168 STEEM a year from a 200 SP principal is 84% APR. That is an extraordinary number, no matter how much your principal is - be it 200SP or 2000SP. I can understand not self-voting as a matter of doing your social duty, but from a financial perspective it seems to be a very very lucrative position. You couldn't find a bank in a million years that offers 84% interest. You probably couldn't even find a bank that offers 4% interest!

"Everybody Mambo"

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hey @loubega I guess you make a good point, but it also fails to see the other elements/requirements to make the 84% hence why I call it cost.

It would be like me putting 200 dollars in a bank, yes... and the bank paying 164 in a year... correct... but in order for me to get the 164 from said bank, i would have to go to the branch thats by my house, sweep the front entrance, empty out the trash cans and the ashtrays, everyday for a year... and then, and only then... i make 164... so the cost is super high!! my point was (time vs. reward). We get so caught up in the reward aspect we completely miss the time cost.

You are more like preaching to the congregation instead of the choir, those at the top are doing substantial damage themselves, they definitely are singing to their own tune. I find it rather odd very few take to preaching to them but you find lots of post to the congregation, sort of like when steem drops all of a sudden there's post from everyone at the top telling them how important it is to power up their steem....ummmm