RE: WHY IS STEEM FAILING? BECAUSE YOU ALL BITCH AND WHINE ABOUT SELF-VOTING. by jondoe

Viewing a response to: @justtryme90/puldsv

fridayrant · @jondoe · Jul 13 '19

$0.52

I could go along with that overall. 

More specifically though, I think if they really wanted to address "the self voting problem" they needed to go something like 90/10% split for curation/author rewards. Something to incentivize people to not self vote. Policing them with downvotes will cause more damage than good.

I mean the only reason people buy steem right now is to get their ROI via self votes etc, they will be removing this demand driver with the coming hard fork.

Something that might help would be changing the 3 month window to like a 2 week power down window, that might help some in regards to SP demand as well.

With the option of an immediate power down costing 5% of your stake or something like that...

No hedge fund can currently hold SP because they cannot get out in a market crash...

👍 jrcornel, dustbunny, jondoe, justtryme90, corndog54, fsm-liquid

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@justtryme90 · Jul 13 '19 (edited)

>I mean the only reason people buy steem right now is to get their ROI via self votes etc

Self voting is less profitable than vote selling though (and a lot more work!).

>immediate power down costing 5% of your stake or something like that

This is actually a really interesting thought. Immediate powerdown for a price where the lost steem are send to null. Even if the loss was set to 0.5% the idea is kinda brilliant (it would result in a downward pressure on the steem "float" and definitely encourage outside investment and large powerups). 

People buy stocks because they can sell them quickly. The 13 week vesting period for holding SP makes it a poor choice for someone who wants to have even moderate liquidity to their capital. If people were locked into a company for 13 weeks after purchasing a security... the stock markets of the world would go nowhere.

👍 penghuren, mlkj

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@jondoe · Jul 13 '19

$0.49

Correct.

Regarding vote selling being more profitable than self voting, how do you figure? You can capture 100% of your 10 votes each day by self voting... I haven't seen any vote selling service that gets you above 100% of your 10 votes each day?

👍 jrcornel, jondoe, corndog54, steemfond

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@justtryme90 · Jul 13 '19

I was under the impression that with curation rewards total returns exceed self voting. Perhaps I am wrong.

👍 penghuren

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11 replies