RE: Self-Voting: Scammy Behavior, Rational ROI, or Something Else? by lukestokes

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Viewing a response to: @mykos/re-lukestokes-self-voting-scammy-behavior-rational-roi-or-something-else-20170707t161734175z

· @lukestokes ·
Interesting. Sounds just like a proof of stake coin. Those with stake get a percentage of the newly minted coin based on their size of their stake. That's not really how Steemit works though, which, I guess is an argument against self voting (and my mining analogy). Steemit has a different model which focuses on a social media platform and incentivizing the distribution of valuable content through author and curation rewards.
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@mykos · (edited)
Don't get me wrong. I completely understand it's all revolving around the same idea. I don't think  terms like scammy behavior or rational roi are appropriate or even relevant. I think it's just a matter of good packaging lol.

I would say that how some of the things being achieved should be aren't packaged maybe the best they could be. So for people coming in and the future of the growth of the network it's just going to create confusion. It turns them off.  I don't mean to say they aren't sophisticated enough to understand investment concepts. As i just see this as roi. I'm saying that over the course of time people joining the network are going to have many different competing ideologies. However, within the scope of investment i don't think for the most part many have ever had a problem with people fairly being returned monies on their investment dollars.

Now it's become a moral issue. A socialist vs capitalism issue. It doesn't have to be any of that lol. As investors and building value to the network can be two seperate things. Same as like facebook which carries tremendous value without direct investment from the users.

I liken steemit to a 6 star hotel vs a 5 star hotel, lol. Can there be any real complaints about steemit? lol.  We've never had anything as good as steemit. It's a 6 star hotel. We never been to a 6 star hotel. So there isn't a real problem with steemit. There is confusion about steemit and indivudal ideas of fairness.

I don't feel that's a conversation even necessary to be had on steemit lol.  Why unncesssarily create havoc instead of growth lol. You said it exactly incentivizing distribution of "valuable content".  Self voting doesn't necessarily speak to that.

Self voting is not a problem. It's just got bad pr, lol. So to speak. It needs to be relabeled and repackaged in my opinion. I think at the end of the day. If you're a self voter. Does it really matter how you get the money from the votes, lol. I think people are divided simply because they have a philosophical difference with the concept itself. Not the money, lol... the concept. Everyone i would venture to gather is okay with means or increases on roi to investors. If they aren't they should be. So steemit is awesome. There is just confusion . There is just the idea that elephants don't bite but mosquitoes do. To say this isn't a big issue. However it can become one.
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@lukestokes ·
lol!
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