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RE: Crush the Bid: Rethinking bidding bots

in #steem7 years ago

To be clear, I'm not calling for action from the witnesses (as witnesses - some are bot owners, and I am calling for action from them) or suggesting a protocol change. The witnesses are the guardians of the protocol and keepers of the blockchain. They are not a governing body for what happens on it.

In this case, no action from the witnesses is required. There are enough market incentives in place that if the industry leaders take action the other participants would feel competitive pressures to fall in line.

If you have not voted for some witnesses, find some with a philosophy you can follow with few regrets and vote for them.

I have four spots open. Any suggestions?

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Not really, I have a lot of open spots, I add them as I find them. I did not mean to imply they were a governing body, they are the ones who indirectly control the direction steemit moves, at least that is how I understand it, they are the ones who make the hard fork decisions.

I don't really want to see a governing body on steemit I guess. I like the way it is set up now. If people have a real issue, it seems to get discussed and then taken care of.

Example, the cryptanalysis guy haejin or something like that and berniesanders feud - pretty much settled between them. Did a governing body need to step in?
The guy that was running a so-called bank on steemit and offering outrage ROI - most of the people that bought into that lie were taken care of by a user, no governing body needed.

So I guess I just do not see a need for a governing body. All they will do is tell you how to be good little facebooker, youtubers, and googleliters. So far all the post that call for a governing body for this reason or that, well, to be honest, I have not seen what the imagined problem is. Maybe I am just blind. But nice discussion, thank you for being concerned with something you feel is an issue, all I am concerned with is we do not throw the baby out with the bath water kind of thing.

So I guess I just do not see a need for a governing body.

I absolutely agree with you. I'm not trying to get a governing body in place, but to get the bidding bot industry leaders to step up, decide on ethical standards amongst themselves, and self-police their little niche businesses.

Their doing so would significantly decrease the likelihood of some outside governing body coming in and shutting them all down with sever fines and jail time.