We will see some more names in the next few days. People are buying Steem Power delegation and there is no other way to use this except for upvoting their own posts and comments. Obviously, peeps want a higher return on their investment.
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There is at least one other way to use it, to vote on others :)
Higher return on investment will be short lived, the more funds you withhold from content creators, the more the STEEM price will drop so then you more tokens of something that's worth less, that doesn't accomplish anything.
Well, the people of this planet use to adopt short term tactics rather than going for long run. I have seen many whales who are self voting, could be seen from your report as well.
Very good point. That's why the system must be adjusted.
Interesting, but why would people delegate to it? It seems that would cause just the same resentment and division between 'community members' who delegate for the good of the platform, and those who don't out of self-interest, figuring they can better use their SP for profit.
The system can be change to have any agreed restrictions on the blockchain logic I guess, but only where there's a will.
I haven't been around long enough to know about 'The Experiment', I'd need to read about it.
No doubt this is a work of a genius, and I respect that genius, if not the necessarily the morality, depending on which way it goes.
To me, if this system isn't changed soon though, it demonstrates that it is a Ponzi Scheme. It's really disappointing to have just discovered something so promising, only to realise it's possibly not what is seems!
I hold onto the hope that something changes in the right direction to demonstrate our fear is wrong. I realise you're convinced already.
I think the first steps would be, along the lines you've proposed:
To increase the power-down period again.Perhaps gradually extending it by one week every month (set in software in the next hard-fork).
Prevent (or mandate) witness self-voting
Prevent (or mandate) direct self-voting on comments and posts
Perhaps some indirect self-voting could be discovered through tools, and somehow become a 'proof of work', useful mining operation.
A better idea would be to just start with increasing incentive to vote on others and get this UI improved A LOT.
Increasing the power-down period should provide that incentive.
Have you written about the UI changes that you think would help?
A little here and there, but it's mostly a waste of time. They don't seem to care about the UI at all (yet).
I don't think the power-down period has to change. It's the least problematic.
I love reading your analysis, even though I'm unsure what to think.
I don't know enough about these systems to have an informed opinion on this, but do you think that this is Dan's warm-up act then, and before it technically exhausts itself, he will bring it down, and transition to EOS? Does EOS also have these technical problems, or have they been addressed in some way?
I do find it hard to imagine that the blockchain couldn't be somehow truncated (so a complete replay isn't necessary), and earlier stuff archived in some way, whilst the new continues. I know very little about blockchains though, and maybe I fundamentally don't understand the situation.
I do wonder why you worked at being a witness if you knew of the inevitable demise of the infrastructure, or did you learn that later?
Since Graphene is open source, would it not be fairly easy to determine to what shared memory limit is, if that's important?
Not happy to read that. If it is a Ponzi Scheme I should withdraw all my assets immediately and stop posting here. Not sure if I want to do that though. :(
wouldn't you have to sell them to drop the price?
It's not only about direct loss of value. It's also about losing out on potential new investors because users are unhappy about the platform in it's current state.
Nice jackass. Stop asking stupid questions you little bitch.
You're looking for some male attention.... I'm not surprised, your meds seemed like they were working last week did you stop taking them or what?
I see you're powering down?! What happened?! Did your food stamps run out, or you need some extra cash for your section 8 housing? Hang in there sweetie. Just because you're an idiot, doesn't mean you people don't like you. In your case it does, but not for others.
Yeah I need extra cash for section 8 housing that the government would cover, and if I was on food stamps the only way that could apply would be if I was making to much money to be eligible. Before I said you were looking for male attention and now you're calling me sweetie? You aren't very good at this.
If you wanted to know the real reason I am powering down read this very articulate post I found. I never knew about these celebrity bloggers and money falling out of the sky very undervalued post imo.
https://steemit.com/steem/@queeneleanor/i-stopped-my-power-down
Oh and speaking of section 8 are these blue concrete floors in your living room covered by an area rug that looks like a cut out section of carpet?
https://steemit.com/dog/@queeneleanor/happy-4th-everyone-big-plans
Cya in a few days kiddo going on vacation with my girlfriend who's not a canine.
Lol. Sure you are. And yes I have seen many pictures of you. You'd be surprised what you can find out about someone these days if you know how
Lmfao/lol/rofl. You're so fucking funny. You came up with that all by yourself?! 👏🏼
Anyone with any sense knows that that people spending shit loads of money to buy or hire SP are not going to use that to vote for other people. That's the height of naivety. Of course they're going to use it to upvote themselves. Most of those people are An-caps, not communists.
Yup, we can't really blame the users of a flawed system. If the system allows it, people will do it :)
Yes very true. However Steemit is not a country, nor does it have a government in that sense, so the AnCap ideals as applied to state (or indeed anti-state) politics often seem to me to be misdirected. Steemit is more like a company which has very convoluted rules for distributing newly issued shares (SP) and operates a currency (STEEM / SBD).
We all, as shareholders, have some limited (extremely limited as @elfspice as pointed out) influence to change the arbitrary rules of new share issuance for the better long term value of the project as a whole. In real life companies, those shareholders looking for a quick payday at the expense of the project or those who take advantage of the other shareholders good will (willing to vote for others in this context) are similarly challenged. I am glad to say it is happening here too.