GPT is interesting and very welcome. However, won't this break the value of STEEM? As I understand it, part of the reason STEEM is valuable, is because users/ advertisers buy it so their posts can reach the top of the feed.
So, how will you guys make GPT coexist with STEEM in a virtuous cycle?
Buying and post-boosting via upvote bots is a fairly recent activity frowned upon by the majority of community members. So its safe to say that that's not what gives steem its value.
STEEM is still the currency of the platform. GPT is just a currency to ensure that users who follow socially acceptable behaviour eventually earn more STEEM.
Steem got its value from tether and upbit. Users of steemit have little to do with the price.
"Socially acceptable behavior" rightly scares the heck out of conservatives ...which make up a good portion of the platform membership. I am guessing this could be a huge train wreck if handled in a P.C. way.
Six to eight months ago selling a vote was a mortal sin ;)
Only a few services existed for the actual / real purpose of postpromotion.
The problem with bidbots and vote buying is not that they exists.
On one hand it has become the only profitable business around, this has increased the demand for delegation leases and drove the price of delegations higher thus drying the organic vote SP pool.
The second one is that we spend too much time working on blacklist, because of the poor use comment and post farmers are giving to the bots, if we spent that time doing a whitelist instead the farmers will go somewhere else or try something different..