It's competition. If a promoted post is guaranteed placement on trending, sure people could spend hundreds of dollars buying votes to put their post up there, or they could see how much was spent promoting the first "promoted" post and outbid them by any amount. It creates an alternative system to compete with bid bots that adds value to the entire blockchain by burning tokens. Essentially if I look at trending and the options are "Send $500 SBD to bid bots or burn $30 SBD to get to the top" I then have options to figure out which is more worthwhile to me. If the spot at the top of trending is what people really want, then it isn't about the theoretical return, and at this point I think most people see through the "it's free promotion to use a bid bot" logic, but even if they don't it's irrelevant, because some people will see the value in burning the tokens and be rewarded for it.
Okay, so if the goal is to create competition, I can understand that, but it will be even more difficult to remove "spam/abuse" - or how would you deal with it, since downvoting won't result in a lower rank, right?
Personally? I would probably deal with it by just muting people spamming garbage posts. I'd love for them to burn SBD to promote their shitposts though. Muting them = I don't have to look at it. It's no different than having people spend tons of money sending garbage to the top of trending currently, sure some bidbot owners are blacklisting obvious garbage now, but look at the situation we ended up in last time someone sent a post to the top of trending about sucking their own dick... it took days of basically begging whales and bidbot owners to flag/remove votes. Neither system is perfect, but one does increase the value of the other tokens on the platform.
Last time I brought anything like that up, @ned seemingly implied that was the purpose of the whole Communities/Oracles updates. Ultimately I guess we'll just have to see if those come about though, but I agree it would be great to have a way to remove junk without having to run my own front end. Different front ends already have the option to curate their own content and get rid of spam, but that doesn't fix the "flagship."
I agree, but this requires a different method than giving an alternative way to promote. In my opinion, this requires incentivized downvotes and higher curation rewards.
If it requires a very delicate teamwork and the hypotheses that are generated, update each day more.
It is necessary to make a system that a company sees the effective marketing to promote its product or its application in the blockchain and would be willing to pay 5000$ in the future to advertise in steemit by divesos methods that exist in digital marketing.
I don't think down votes really work in this environment. Largely because the down voting places the voter in a unique group of people voicing opposition and they view it as a waste of a vote.
Something that is commonly seen in society, is a situation where one person cries for help, but no one helps. But when one person decides to help, everyone does.
Down voting is the exact same thing. Very few people deliberately down vote because it doesn't seem advantageous to the person doing the down voting, so naturally, why do it?
The real way to remove bid bots is to increase their costs.
In a natural environment, bid bots would never exists because there there would be some form of arbitrage to expose their weaknesses.
In the case of steem, the arbitrage doesn't exists because a portion of bidbots services are subsidized by steem Inc's nodes. If that cost gets tacked on, surely the roi on bidbots would decrease substantially. Then capitalism occurs and the true cost of bid bots are revealed.
It's competition. If a promoted post is guaranteed placement on trending, sure people could spend hundreds of dollars buying votes to put their post up there, or they could see how much was spent promoting the first "promoted" post and outbid them by any amount. It creates an alternative system to compete with bid bots that adds value to the entire blockchain by burning tokens. Essentially if I look at trending and the options are "Send $500 SBD to bid bots or burn $30 SBD to get to the top" I then have options to figure out which is more worthwhile to me. If the spot at the top of trending is what people really want, then it isn't about the theoretical return, and at this point I think most people see through the "it's free promotion to use a bid bot" logic, but even if they don't it's irrelevant, because some people will see the value in burning the tokens and be rewarded for it.
Okay, so if the goal is to create competition, I can understand that, but it will be even more difficult to remove "spam/abuse" - or how would you deal with it, since downvoting won't result in a lower rank, right?
Personally? I would probably deal with it by just muting people spamming garbage posts. I'd love for them to burn SBD to promote their shitposts though. Muting them = I don't have to look at it. It's no different than having people spend tons of money sending garbage to the top of trending currently, sure some bidbot owners are blacklisting obvious garbage now, but look at the situation we ended up in last time someone sent a post to the top of trending about sucking their own dick... it took days of basically begging whales and bidbot owners to flag/remove votes. Neither system is perfect, but one does increase the value of the other tokens on the platform.
What we could do is to create a soft-consensus "group of Steemians" who is in charge of muting/removing promoted posts.
Last time I brought anything like that up, @ned seemingly implied that was the purpose of the whole Communities/Oracles updates. Ultimately I guess we'll just have to see if those come about though, but I agree it would be great to have a way to remove junk without having to run my own front end. Different front ends already have the option to curate their own content and get rid of spam, but that doesn't fix the "flagship."
My humble opinion is that the bot system does not give an effective marketing and has generated imprints within the steemians.
People want to see more post organic trend
I agree, but this requires a different method than giving an alternative way to promote. In my opinion, this requires incentivized downvotes and higher curation rewards.
If it requires a very delicate teamwork and the hypotheses that are generated, update each day more.
It is necessary to make a system that a company sees the effective marketing to promote its product or its application in the blockchain and would be willing to pay 5000$ in the future to advertise in steemit by divesos methods that exist in digital marketing.
Thanks friend for your good comment
I don't think down votes really work in this environment. Largely because the down voting places the voter in a unique group of people voicing opposition and they view it as a waste of a vote.
Something that is commonly seen in society, is a situation where one person cries for help, but no one helps. But when one person decides to help, everyone does.
Down voting is the exact same thing. Very few people deliberately down vote because it doesn't seem advantageous to the person doing the down voting, so naturally, why do it?
The real way to remove bid bots is to increase their costs.
In a natural environment, bid bots would never exists because there there would be some form of arbitrage to expose their weaknesses.
In the case of steem, the arbitrage doesn't exists because a portion of bidbots services are subsidized by steem Inc's nodes. If that cost gets tacked on, surely the roi on bidbots would decrease substantially. Then capitalism occurs and the true cost of bid bots are revealed.