You are viewing a single comment's thread from:

RE: Dealing with the Steem leeches

in #steem11 months ago

I wrote you this post.

Though it's mostly about the points you touched on, but didn't get into -- about the give and take of steem.

Not about the core of your post, which was about eliminating abuse and unsustainable gaming.

Sort:  

There is so much to say about Steem. I have to set a focus for each post. Yours was interesting too.

Yea - I did my best to be respectful and just share opinions about what was worth sharing opinions about. I'm not familiar with the consequences of flags, or the economics of buying votes, or self voting, etc. Not really a radical thing to say -- that people on this platform are looking for rewards, but I read through the recent announcement about the power downs, and there are a variety of opinions.

I think it would be ideal to be a long term SP holdler. Better to cash out when the market is high.

Treat it like a long term investment.

But, initially, I thought "this is an excellent opportunity to secure working capital to channel into my business -- and I'm already creating all of this regular content, Let's just try and put it here and see what happens." -- Still here.

If you want the money now you can use a service like likwid that gives you the Steem and takes a cut. Or you take 50% Steem rewards so you can use that. I am powering up everything as I am not desperate for the money. I consider myself to be fortunate.

There's also the possibility to sell work for Steem. I've bought stuff by other artists for Steem, but the low price makes that less attractive for now.

All I want is for people to think about whether others should be able to take a slice of the finite rewards whilst not contributing anything? Our stake gives us a say and that is one benefit of powering up. If just ignore the abuse Steem will go to shit and we all lose.

I'd rather post and accumulate, and succeed financially in other areas in order to maintain my minimum financial needs.

But I've only made 8k/year or less for the last 3 years as an artist, and I've just been stubborn about not getting a job at a cafe, and instead working full time. So, I can understand why it would be attractive for someone to want to withdraw a portion of their STEEM on a regular basis to pay the bills, or on a quarterly basis to invest in their business, or even an annual basis to make major business costs. It could be a total game changer.

That and the Venezuela argument are both excellent reasons why people would adopt a more short term mentality for reward extraction.

If you have time to respond to a question, I'd be curious what you think of the voting system sort of auto filtering those people out?

Even if you posted 4 shitty posts a day, and self-upvoted, you'd probably only get like $30 a month, and your hourly wage would probably be worse than if you had just done gigs on fivverr.

Doesn't that sort of automatically disincentivize abuse?

I#m fortunate to have a job that cover the bills, so Steem can be a hobby for me. It has great potential for creative people to earn from their work. It really needs a bigger audience to make that viable, but a few people do well already.

I'm not sure what you mean about filtering. Self-voting is only really worth while if you have a lot of SP. For now some people can get a good return on buying votes unless we take action. A couple of dollars profit per day may be worth it to some.

Some people do thorough investigations that uncover voting circles and sock puppet accounts. If these are exposed then the bigger accounts could cancel out their rewards. I would hope that more users would lead to a better reward spread, but if we attract lots of scammers then it could get worse.

We shall see.

I'm confused at your comments here.

  1. I earn a couple of bucks a day just by posting daily. Sometimes it has dropped lower, but that was when I was posting in a lower value SP value hive.

  2. Aren't Hives technically loosely associated voting circles? Like there's no obligation to vote for others in your hive, but it seems like the inclination is to vote for your friends or associates, and if you're within a hive, then the idea is that you might be more inclined to follow those people, and thus form improvised voting circles.

I suppose buying votes is sort of like "I pay you less than I receive but more than you would get by voting otherwise".

Seems like a lot of effort when you could jut share good content on a regular basis, and get about the same takeaway -- I guess what I mean is that if that's the case -- and there are diminishing returns for gaming the system, then those people will self-elect to remove themselves.

As in, the amount of effort required to get a couple of bucks a day versus the amount of time, and hassle, and diminishing returns over time -- would lead a person to pursue a more fulfilling occupation.

Thus filtering people out people.

I suppose your purpose in flagging and downvoting is to accellerate the amount of hassle and diminishing returns in these accounts.

Hives/communities are intented to bring people with shared interests together rather than having to follow everyone who might post on that topic. A lot of people may stay within one community, but I have broad interests.

I try to help make anti-social activity unprofitable. If those people do not want to work with the community they can change their ways or leave. I prefer the former. If we do nothing then more will buy votes, self-vote, plagiarise and 'circle jerk'. There has to be a disincentive to do these.

For now a couple of dollars per day is all most of us can hope to make, but in book times I was making nearly $1000 per month. I did not cash it out, but it was a little scary. Others made thousands on a post in the early days, but that is less likely to happen due to various changes.

As I said, this is really a hobby for me. I want to do what I can to help Steem, but if it makes me rich in the long term that's a nice bonus.

Gaining influence/SP here allows me to do more good, but also brings some responsibilities to use it well. Bigger accounts also earn more in curation and in some cases will get more support as people hope for something in return. The more big accounts we have the wider we spread the load. I have tried to help small accounts grow with @tenkminnows so they gain influence and feel they have more stake.

Loading...