Selling votes is what is wrong with steemit now. And this guide doesn't take a lot of factors into consideration.
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Selling votes is what is wrong with steemit now. And this guide doesn't take a lot of factors into consideration.
Please highlight those factors.
The social facet of this platform is the mining protocol for the prize pool. What's happening now is that the whales are making as much, sometimes more, than the people who buy these votes. But, it doesn't come out of the prize pool, basically, the prize pool pays the minnows, the minnows take that SAME MONEY and pour it back into the whales, who are giving NOTHING back to the platform at this point, just taking a profit, without participating on any active level. For new users, this is a huge disincentive. Not to mention, as a small voter, you can make more with the influence your vote can build than you can get from some paltry amount of SP rented out to a whale. AND you're increasing the gap between large and small accounts. If the Whales actually paid back ANY portion of those votes out of pocket, it might make sense. But this is how they will continue to rape the rewards pool, without anyone complaining, because they will filter it through your wallet. Essentially, it is the blockchain method of money laundering, and it will ruin this platform if left unchecked.