Buying votes on Steemit: is it all bad?

in #steemit6 years ago

Yesterday I paid a bunch of bots to boost my last post to the trending page. The post is in my own opinion a well-written article about my first adventure in Romania. It is not my first time I use voting bots, but it IS my first time I ever fired it up to hit the trending pages. to my surprise, I didn't receive a single comment regarding my "vote purchasing". People just simply seem to ignore that fact. I had expected some comments regarding this but it seems like if you make a solid post, people are "okay" with you buying votes? That or they just didn't realize it, although I find that unlikely given I see all kind of comments in other trending posts that gets almost bombarded with comments about it. The last 24-hours I discovered this outcome and It made me reflect a lot about this whole topic of buying votes.

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The difficulty of hitting the trending pages without voting bots


I think it is next to impossible to hit the trending pages without "boosting" your own post right now, at least for 99% of everyone who blogs here. A year back getting to the trending pages happened relatively frequently because some whale came by to grant me a powerful vote. But this is just not the case anymore and in my opinion, somewhat for the better?

But this also means if you want to reach the trending page, one way or another you need STEEM

Either you BUY some Steem or power down some of your beloved steempower.

Either way, SP(steempower) is not enough anymore, you also need liquid Steem if you want to promote yourself. If we objectively take away the "ethical" question "if it is alright to boost your own post", what does this actually mean for Steem as a currency? I am not an expert in economics. But vote bots do seem to create value for Steem in some way. Since it creates more reasons to both hold Steempower AND Steem.

It is worth noting we are talking about the trending page here, I also know there are so many other ways to get success than hitting trending pages. By focusing on Creating your own "smaller" network between you and your followers(or those you follow) can prove to be just as efficient.

Maybe voting bots could be a solid part of STEEM, if we could get it under control?


I know I speak in an idealistic way now, but for those new people joining the platform who might be great at writing articles. They often just cannot get the exposure to keep going. Surely if they work enough they can get through, a lot of us have done that. But it would also make sense to make investing in Steem an attractive option as well? Instead of the impossible mission of investing like 40k SP that few can afford. Now there is the possibility for people just start out investing 100 or 200 in Steem and go from there by promoting their posts? In my opinion this post promotion creates a space where everyone can get their articles seen if they really wish and with a much smaller investment. (at least for the moment) I would even go as far as saying those who do promote "trash" posts to the top, creates some sort of awareness this is a problem that has to be dealt with and if we wish bots do be part of the platform, it should be done right.

Besides, those who were here before the bots will know trending pages have never really been of any use. So maybe we should look at that as an independent problem regardless of vote bots?

There's most likely some perspectives I don't include that could fight this argument but to me, it could seem solid if we could create the "right space" for it to happen. Having liquid Steem that people can trade back and forth is no bad thing at all, in fact we need the volume badly. To allow people making smaller investments and still having good reasons to make larger, could be quite healthy for Steem? Maybe some people with better knowledge could answer this question. But to me it makes sense. Voting bots gives another reason for people to aquire Steem.

Voting bots might just be another era on Steem and we might find better ways, but..


Something in me truly hopes we either find a solution for voting bots where they can be integrated into Steemit in a proper way. Or we move in a completely different direction and I am honestly open for both at this point.

But sometimes we also just have to adapt to what the current situation is while we wait for these things to happen. I know a lot of people are fighting for this platform for the better and I trust in those people, that is what we call "witnesses". But some us such as myself just wanna write and read. Basically just being the consumers and not too much interaction with the "politics" of this platform.

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A few last words before we start fighting


I know I have no authority or special knowledge besides being a blogger on Steemit for one year. My opinion is shaped based on the rest of the community and what I experience through my daily usage of Steemit. This does not mean I am right in what I am saying here, in fact, I might be entirely wrong.
But for my part, voting bots do have a good impact on my own work. Since I make sure it at least will meet a certain standard before I fire it up. I might even use it more in the future for this reason, since I feel I am in control of my own work.

Having multiple paths for "success" here on Steemit don't seem too bad maybe.

So with that said I would love to hear your opinion regarding voting bots?

-holm

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You are free to do so. There is no rule stating we cannot buy vote, though I have never purchased voting.

and there is also no rule stating that anybody has to do a bailout if the whole steemit project will hit the wall because of those destructive bots...
either new rules will be implemented or the community finds an alternative way to get rid of the vampire bots...

STEEM is an eyeball economy like the Internet is. People and companies always pay for an attention and exposure. Businesses but ads to reach their audience bloggers often come to promotion botnets on Instagram and Twitter.

In STEEM we do it blockchain-way, more simple and transparent. And you're right, it builds incentive to own and invest in STEEM. Also you invest in liquid STEEM/SBD and get part of your money back in long-term SP - that's a brilliant idea actually. And on the other side of the equation you could invest directly into SP and rent your voting power.

Thus we have a functional economy providing we have enough active eyeballs to "sell".

P.S. subscribed
P.P.S. voted for visibility

I see no problem with voting bots. It is a way of marketing your own work and very necessary to minnows who want to be seen and give a boost to their position on Steemit.

Yep, it was a much-needed tool addition. Now the question is how it will evolve from now.

"But vote bots do seem to create value for Steem in some way. Since it creates more reasons to both hold Steempower AND Steem."

I would argue is that these vote bots, which many Steemians have rabidly attacked for various reasons, are the only reasons why Steem is not trading at 5 cents today.

A lot of people seem to believe that "quality content" somehow translates to higher Steem price, and/or more liquidity on the order books, but there is no empirical evidence to back that up.

For investors, locking up Steem and investing in voting bots, which yield 15-25% ROI per year makes a lot of financial sense.

The ethical bots like Smartsteem are an even better deal as they filter out the trash content, and allow the content creators to gain exposure and build an audience at a much quicker pace.

A lot of people seem to believe that "quality content" somehow translates to higher Steem price, and/or more liquidity on the order books, but there is no empirical evidence to back that up.

Sure, we have A LOT of cargo-cults in crypto world.

could please someone explain to me the economical benefit of a voting bot?
Voting bot and ROI for passive investors? In this respect it is just a ponzi sceme...
Voting bots are posting and upvoting useless things and steemit creates steem out of thin air and pays people with those... there is no economic sense behind all of this...

I have said that before, Smartsteem is my personal favourite simply because of the concept and how well made it is. I completely agree if your argument. Steem as a currency goes way beyond Steemit as a platform.

Interesting questions raised again @holm. I am fine with people who promote their posts through voting bots as long as the posts are original and of some value (like yours yesterday, for example). Like you said, it is the only way to get on the trending page these days, afterall. However, I am not sure whether being on the trending page makes any significant difference for the author of the post.

Personally, I have been more focusing on networking and creating bonds and relations with my active followers/people I follow. I would also recommend this strategy to newbies as breaking through here on Steemit via writing great articles "only" is not possible anymore I am afraid.

Yes! I also mentioned that in my post focusing on expanding your network person by person might be even more beneficial. But the question is if doing both also could be possible?

I think if people truly want to be active on steemit, building relations is the number one priority.

I think a combination of both of these approaches can work of course. But like you (and me) said, networking and making relations should be the number one priority. You can clearly see that on the number of followers. As of now, I officially have 1425 of them. But maybe up to 1400 are what I call "dead fish" - accounts that never interact with me. Most of them probably never even read my blog. On the other hand, the more I value the little bunch of my real Steemit friends (I prefer the word "friends" here) as these people actively read, comment and support my work. So making one new real Steemit friend is more important for me than gaining 100 dead fish followers or being on the trending page.

Voting bots are bad and destructive - that's it.
The only aim of steemit should be to encourage steemians to write great content AND then to enable other steemians to find and consume this content.
And this is where steemit fails completely...

How much did you spend and how high did you get?

I spend about 130 steem to hit the top of the trending page. But maybe I was lucky with some good bids on the bots

As you say buying votes is just the only way forward at the moment so I don't believe it should be looked down upon. Looking at ways to improve the system for all of us though should be an ongoing focus.

"Be Original and post OC and people will upvote you and you will get a better exposure"

This was the stuff i used to hear before i signed up here. But the reality is totally different , yes Bots are necessary now . Otherwise no one gives a rat ass about anybody's content

My guess is that although the practice doesn't exactly seem super ethical. It still benefits the economy of Steem. The fact that it forces you to use Steem in a creative way to promote your content actually benefits the platform in an uncommon way....or is it common now?

It is common by now and I also see people accepting it more and more. I truly believe it has a place on this platform, but it is still in its early stage of finding the right spot.

I think the idea of vote buying helps Steemit. People use up their SP and SBD in vote buying rather than cashing out. Also, if you are upvoting your own posts, but others don't like the content of that post, they can simply down-vote it. Steemit should be all about content quality, and down-voting should prevent crappy content and authors.

I don't know if it's ethic or not but It seems like Steemit doesn't have a problem with it. So if they don't mind it there is no need for you to mind it too. :)

You are right but I have no other option

yes you are right...
good informative article...
Thank you...

You are pretty lucky...i jave used a 3 $ bot vote and soon get a commemt on my post rhat i have used bot vote....my bad

Posted using Partiko Android

What we can sadden for now is that the posts that are trending do not have to be about the best sentences anymore, but now it is filled by those who want to spend money to pay for the bid-bot.

Steemit is a modern idea that will carry freedom and independence for many. what we've got visible is simply the start. whilst there are tens of millions here an entirely new economy will open up. it’s been fun up to now and I'm excited to look what happens next.

Yes this is still the beginning if we count on Steemit and Steem to carry on for a long while. Although just 1 year on Steemit have been feeling like 10.

Thanks Mikkel. I am new to Steemit, only 35 days or so. I have tried to experiment with everything that i find along the way. Including bots.

I am actually going onto the bots at https://steembottracker.com/bottracker.html and finding people posting to the bots and reading their content and adding them and upvoting if i like it. I feel that this is a good service to the community and that these people are like me looking to increase their exposure and readers.

Earlier it was all good when the people support the great content but now its all about voting bots have nothing against it but too much use of it will ultimately lead to the fall of steem system

Always good to get people thinking.

Buying votes is something that can happen on all of STEEM... it's not something localized just to the steemit.com interface. Many of us don't even use that interface anymore.

"Buying votes on Steemit: is it all bad?" = "Buying votes on Steem: is it all bad?"

i agree @jarvie actually I tried to be very careful and clear about when I was talking about Steem or Steemit. Since they are both from very different from each other. Steemit just happens to be on the steem blockchain.

I use a mixture or busy.com and steemit. com but I'm sure with time a lot of this will expand even further away from each other.

Very interesting topic raised, @holm. I must say I am divided.
I'm changing ny, going back and forth with this.
I was initially concerned, then got convinced but then again - really worried about the quality of the content posted.
This reminds me of few crappy channels on youtube taking advantage of 3-6 years old audience. There us nothing you can do about it and they seem to hit the jackpot this way.
So I'd say - use with care.
Resteemed. It deserves wide spreading.
Thanks!

It is my feeling that a non-proof of brain voting creates counterfeit steem. This thought was explored in an old blog post of mine, whose link is included for your reading pleasure.

https://steemit.com/steem-network/@novacadian/where-is-the-trust-in-proof-of-brain-mining

Awesome post. I have the same ethical problem.