Cool, but I don't think any of it matters if y'all continue to let bid bots destroy the content discovering mechanism of Steemit. It's awesome that some communities are fixing this on their end, but it's counter productive that this vote buying still dominates Steem. As pleased as I am about these recent developments, I still don't know why y'all would kill off one of the main features and making the trending page into something different entirely. It doesn't instill confidence, especially seeing how doable it is after starting my own tribe.
You are viewing a single comment's thread from:
I very strongly agree. Over a million accounts were made on Steem despite the difficulty. Now most of them are inactive, the users gone. Clearly, what they thought they were signing up for was worth a steep learning curve. What they learned is that what they thought they were signing up for was not what they had actually signed up for, and what Steem really provided was not worth additional effort.
Until this problem is understood and rectified, onboarding masses of people will only further poison the market against a Steem that is not ready for them. I note HF21 indicates that the reasons most new users quit remain true: stake weighting enables substantial stakeholders to take ~90% of the rewards. HF21 will more than halve author rewards, and more effectively concentrate rewards in the wallets of substantial stakeholders. If I am right, this will result in lower Steem price, lower market cap, and fewer users.
I recommend the Huey Long algorithm be applied to rewards instead of HF21, but since that will not be possible, after HF21 worsens the problems Steem has with user retention, Steem value, and Market Cap. We will not see substantial investor interest until capital gains are potential to Steem, and that will require the value of content to inure to the creators of it, instead of substantial stakeholders. It may seem counterintuitive that allowing value to go to others will increase the value of the holdings of substantial stakeholders, but that is what is necessary to grow a market, and only successfully growing the market for Steem will potentiate capital gains.
Substantial stakeholders want more tokens. They want to increase the value of their stake. However these two potentials counteract each other. The way to increase the value of the stake held in Steem is to increase the value of the token, and the way to do that is to distribute the token more widely, not concentrate it in the wallets of those with the most of it.
You know that hf21 is coming right?:)
Yeah, but it doesn't fully address the bid bot problem.
Bid-bots are a free market force. The measure goes after bid-bots by making curation more profitable, making delegating to bid-bots less attractive — also, free downvotes for people who abuse. I don't speak for anyone but myself when I say I will be using my free downvotes each day on trending bid-bot abuse and I plan on having more firepower when that HF hits.
Thank you for this reply @theycallmedan. I agree with everything you said. I think all it takes is the right culture - enough people with stake using their downvotes to fix the problem, which could be a more powerful free market force. I really hope that the trending page can go back to being much more organic instead of every spot being sold to the highest bidder.
BRO I'm in the process of buying a ton of steem just for flagging U & the whole WCN! LOL I'll be flagging @theycallmedan too! Cause he's a bidbot abuser too?
https://steemit.com/weedcash/@coininstant/coffeebuds-richardcrill-the-hypocrite-steem-engine-token-and-bid-bot-shocking-scam-alert
Thanks 4 pointing out @theycallmedan, I love to flag him! He pisses me off for some reason, never could really figure out why. Connecting the dots! lol he is a big bidbot abuser that's why? Circle jerk comment offender also! lol P.S. I would have erased this, however I already down-voted yesterday when I was low on power. Oh well can't win um all. Was too lazy to un-vote/revote this am I guess! I'm sure there will be plenty more in the future where that came from! Cheers! lol
https://steemit.com/weedcash/@coininstant/coffeebuds-richardcrill-the-hypocrite-steem-engine-token-and-bid-bot-shocking-scam-alert
I don't see any option to eliminate bid bots without taking from the users the freedom to vote what they want and delegate to what the want.
Having said that, I think that about 2 years ago I suggested displaying posts from the "promoted" section in trending (like one spot always showing promoted post). It's funny to see that trough those 2 years basically nothing changed on steemit and the steemit inc. team is unable to introduce any website updates other than some cosmetics.
It's really easy - downvotes from accounts with major stake. A simple statement could set the culture of downvoting the bid bots and eliminate them.
Bid bots are not the only voting services. You can sell your vote to bot and a bot like this votes with hundreds of accounts.
U faqua, you should have just told me I had sneaky.ninja & steem.ninja mixed up in the get and saved us both the unneeded embarresment! Well whatever u didn't change any in my eyes, all it means is I will edit that part out of my latest post and and comment I sent to you, providing I can even find them. Asshole! Bitch! k! Thanks for giving me some more work to do when I'm trying to trim my plant! I just got finger hash as a side effect of all the lollipopping these sun leaves off, and I might finally get stoned for the first time in ages!! lol
Word!
Posted using Partiko Android