RE: Breaking a Natural Market On Steem
Hi @whatsup,
great article once again.
But I certainly disagree with the bid bots.
Only because it happens "naturally" this doesn't mean it is good, beneficial or useful.
There is no economic sense behind someone writing a post, paying bots for upvoting and commenting it and actually nobody reading the posts.
The content here is only useful if an actual human being reads it, consumes it and gives feedback.
You have to come down to the basics and the basics of steem are based on pure capitalism. So whatever is most profitable for stakeholders will be seen as most attractive in the economic view... everything else would be altruistic behavior.
So you can let bots create content and other bots voting and commenting it but ultimately once the machines have taken over the collapse will be inevitable. Who will insert fiat money or crypto into such a system? Only communicating with people is worth money and effort.
While I appreciate your view and even agree with much of it.
Fighting something natural is a never-ending story. People have stake they don't want to use and other people want voting power. before delegations and bidbots all the same things happened they just happened behind the scenes in voting swap deals.
I make no judgement on it being good or bad, it just is...
There is no market value in finding and upvoting the best content. It's such an interesting dynamic isn't it? We want different people to win money, but don't want to acknowledge the money matters. :)
yes.. true!
But then at least it would be obvious who is voting for what. Then you could confront stakeholders with their poor actions. ATM it is as the votes are washed clean by delegating to a voting bot. So even when people would go back to vote in circles.. at least it would be visible... the current system is IMHO the worst possible in regards of miss-use of voting power.
And yes.. it developed "naturally" but someone at steem inc made the strange decision that voting power should be transferable... so the basis of this all is not "natural"... what is "natural" however are fed up people leaving this platform because of this system...
Don't worry, they are going to tweak the math and it will all be okay after that. :)
I have no idea anymore if it is better or worse. I do know the bidding bots leveled the playing field for some including me.
Right or wrong or indifferent the same ten people were on the trending page and there just wasn't ANYTHING you could do about it.
Some of those people are still just voting for each other and calling it curation. You can find them just off the top of trending.
We called them out. No one cared. :)
yes.. its nearly impossible to change or fight it...
and I also do believe a revolution like taking away some of the big holders voting power would be wrong (yes this would be possible.. by a hardfork) as this would destroy the important trust into the blockchain...
.. so the only thing is to talk to the big steem holders and ask for their support and cooperation for useful projects and by the time more and more steem will be redistributed and everyone will profit... or this does not happen and nobody will profit...