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?)
true since money is involved. we can see that people are more "hurt" from a downvote than on Youtube for example. Because they don't directly see the impact of the downvotes on their reputation, or income in the long run.
That makes you think that people don't really want to see the impact of every decision they do on a social media platform. So the problem is showing exactly how much a flag is worth, makes us react differently to the same situation.
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On Tuesdays I like to eat meals like these paired with a Weissbier. Fridays are another story... evil laugh
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Moved to the Hive platform.
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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.
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That kind of regulation is up to the promotional service operators. They need to self-regulate, but most of them won't.
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thanks for taking the time for your answer but that is for another question. I respect your Opinion and you are right about the issues. but
The question was if it could be run like a country what regulations would put on.
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@Chireerocks thanks for your contribution.
true since money is involved. we can see that people are more "hurt" from a downvote than on Youtube for example. Because they don't directly see the impact of the downvotes on their reputation, or income in the long run.
That makes you think that people don't really want to see the impact of every decision they do on a social media platform. So the problem is showing exactly how much a flag is worth, makes us react differently to the same situation.
Nice :D
Welcome and have a great time ahead. 🙂
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Lets hope next year is better for all of us and hope it turns around for you. I am quietly confident it will. Slow and steady wins the race.
For us all...
🙏
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Realistic goals and as you say a stepping stone to greater things.
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