I understand your concerns. But that was not my question. It's just theoretical and for analysis purposes. So you can go for a theoretical answer and stay on subject. By the way, we already have unofficial rules and regulations to save a buck or two from the reward pool. Steemflagrewards, steemcleaners cheetah. We are a decentralized community and censorship-resistant. So why even bother with Copyright? To be compliant? --> why not implement in the code as google did. It will save a lot of VP trying to fight this kind of abuse. Or people "promoting" to 440$(for simplicity) and saying I want to get to the trending to get attention because that's how steemit works. But in the background, Bots give you 10%+Returns so 40$ and then all the organic upvotes. BUT
Let's say the bot owners get 400$ for doing that upvotes.
Bot owners have now 400 Liquid Money.
Writer got 440$ in upvotes --> so we printed 440 new $ coin supply goes up lowering the overall price of the coin.
Writer gets 50% SP (vested steem) so needs 13 weeks to cash out.
Bot owner can already sell before the price goes down a week later.
Buy again and power up to repeat the process. Regulations Are in fact needed if you want the price to ever recover. We don't have a revenue stream yet and printing money like crazy. So make the rich richer or not. I just asked a question and I would prefer to get an answer to that question and not if you would want regulations or not. But Still I respect your opinion it's just that you didn't really answer my question :D (that's what musing is about right?)
I understand your concerns. But that was not my question. It's just theoretical and for analysis purposes. So you can go for a theoretical answer and stay on subject. By the way, we already have unofficial rules and regulations to save a buck or two from the reward pool. Steemflagrewards, steemcleaners cheetah. We are a decentralized community and censorship-resistant. So why even bother with Copyright? To be compliant? --> why not implement in the code as google did. It will save a lot of VP trying to fight this kind of abuse. Or people "promoting" to 440$(for simplicity) and saying I want to get to the trending to get attention because that's how steemit works. But in the background, Bots give you 10%+Returns so 40$ and then all the organic upvotes. BUT
Let's say the bot owners get 400$ for doing that upvotes.
Bot owners have now 400 Liquid Money.
Writer got 440$ in upvotes --> so we printed 440 new $ coin supply goes up lowering the overall price of the coin.
Writer gets 50% SP (vested steem) so needs 13 weeks to cash out.
Bot owner can already sell before the price goes down a week later.
Buy again and power up to repeat the process. Regulations Are in fact needed if you want the price to ever recover. We don't have a revenue stream yet and printing money like crazy. So make the rich richer or not. I just asked a question and I would prefer to get an answer to that question and not if you would want regulations or not. But Still I respect your opinion it's just that you didn't really answer my question :D (that's what musing is about right?)
> then I don't see the point of developing a blockchain through smart contracts
What smart contracts.