When will we need to buy $10,000 of votes to get on the Trending Page?
Buying Upvotes creates a snowball effect.
Users are forced into paying for upvotes if they want to find themselves on the Hot page or the Trending page. The dollar amounts are very high. Each time this happens, a minimum upvote amount is needed just to get on the Hot/Trending page. The duration that a blog stays on the page depends on the value of the vote. It is not just good enough to meet the minimum vote amount because your blog will be pushed out by competition. One must buy more upvotes to keep the blog on the page for a duration of time. This creates a snowball effect. Each user must try to buy larger upvotes than the others to keep them floating on top of the sea of other users that want their articles to be viewed. There is no end to this madness. When will we see $10,000 upvotes? How about $50,000 upvotes? Eventually, the amount of upvotes can overwhelm the possible ability to downvote the blogs.
The upvote service owners know this and they are the ones who profit from it. If you are using an upvote service you are lining their pockets and doing a disservice to Steemit.
Supposedly in the future with a new democratic vote weight system along with oracles is supposedly going to reduce the profitability of upvote services. That day can't come soon enough.
What can you do to help until that day come?
Don't vote for witnesses that support, operate, fund, or develop paid upvote services. It is up to you to choose leadership that support paid upvote services or leadership that are against them.
What do you think of paid upvote services?
Please remember to VOTE and ReSteem
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For a breakdown of how Steemit Rewards system works:
For a breakdown of Steemit Keys:
https://steemit.com/life/@socky/do-you-understand-your-steemit-key
For a breakdown of why Steem Power is Important:
https://steemit.com/steemit/@socky/why-is-steem-power-important-beginners-read
This is very very true......have you read the post made by @tarazkp. One guy made a shitty introduce yourself post and made around 700 dollars by employing bots. Some people who are against this downvoted the article but votes are too much that downvotes did not do anything. You can still that post in trending introduceyourself post.
Some people say that it's ok and it's up to him to do whatever he want- he want to do business out of it and we want to make friends and gain knowledge. But my question is as you said yesterday there is fixed reward pool for the day which will be awarded to steemians, how can this benefit the legit steemit members as majority of the reward pool is going towards useless posts...
Founders has to think about it. They too not bother because they run the same business here??
The only people that benefit are the ones that own or profit from paid upvote services. Witness look the other way when they are benefiting from paid upvote services.
I'm gonna include this question on what steemians think about paid upvote services in my next QandA session on Monday
Thanks !!
Its not for promotion people awlays promote bad quality content.
It is true that plenty of people abuse it.
That's the key: Use not Abuse... like everywhere else in this world: the Ego gotta limit his Greed (Balance), but greedy Whales create greedy minnows...
Then whats the difference from steemit to all the corporate world BS (Babylon) we already know..?
In some cases it is clearly abuse. In other cases, there is little distinction between abuse and competition due to the snowball effect.
Imagine that today you need $300 to be on the Trending page. What if someone spent $1,000? Today we consider that abuse and would flag it. In the future the snowball effect will drive the minimum price to $1,000 or more just to be on the HOT page. The question becomes Was it really abuse to have spent $1,000? If the minimum price to be on the Hot page is $1,000, then is that abuse?
If you ask anyone that can't afford today's minimum upfront cost, they would confirm what is going on currently as abuse.
I agree, it's more abuse than use going on... just another ugly/beautiful reflection of our world...
Why do we need witnesses on a decentralized platform, anyway?
I wrote a blog about it like 2 weeks ago...no answer...haha :)
And yeah...most of them: true hypocrites!
I mean , why do i wanna give somebody the power to control
whole steemblocks.!?
It does make STEEM and SBD transfers completely free as the production of blocks don't rely on fees. I do agree with you that it is not a perfect system. There is hope. Our witness voting system has influence. Let's not forget a regular upvote bot abuser that was brutally kicked out of the top 20 witness position.
Let's hope the best...
Witnesses:
Do they introduce themselves properly?
Do you know what their...
powers ?
responsibilities ?
rights ?
duties are?
They all seem to be around a little longer...
But except saying, that we should
vote for them as witness, they don't
say much about their "role".
Well ups , i read an older post, that was a
little worrying...
They will hold a big power over whole
SteemBlocks...controlling the
whole currency !?
Is that the non-violence philosophy
of Dan Larimer?
Well, i don't know !?
But feel free to teach me...
To put it simply, as Steemit grows, their role in the top 20 position will rely less on their ability to produce blocks and more on their leadership. We will call it "Proof of Leadership". They wouldn't necessarily have control of the currency, but instead they could conceivably have control of blocks. They could plot with other witnesses to maliciously change the blockchain. If they did this or if there were any indication that they would do this, votes would be yanked and they would find themselves removed from the top 20 position and tarnish their reputation forever. If they did anything that would lead to the devaluing of STEEM currency, their own holdings will become devalued.
Decentralization with Leaders, yeah?
Ok, this is what happens in case of abuse..
But what are they leading exactly?
In some cases, they are not doing a good job as leaders. I recall wondering if a couple of them were 12 years old from things they wrote. I have started the first of several challenges for witnesses to to grow into a leadership role. If they accomplish the challenge, they get our witness vote. Collectively we have 1/3 of a whale vote for the 1st challenge.
good suggest,follow that.
Great post, Socky! I WILL NEVER VOTE FOR ANYONE WHO APPROVES OF PAID UPVOTING. I will never support an upvoting "service" in any way, shape or form.
That is great. Glad you see the disservice that paid upvote services create.
I was actually shocked and deeply saddened the first week I was on Steemit to learn this was even happening here.
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thanks for this post.i use it
wink
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So can you suggest us any thing profitable except these kind of paid upvotes
Unfortunately, until paid upvote services go away, then people will be forced to use them to compete. The upfront cost will just be to high for many to use. I don't see the fairness in that.
@steemcommunity are one of the witnesses that try not to support
I have a list here that by all accounts, match this criteria : https://steemit.com/index/@abh12345/profile
Great list.