Viewing a response to: @stellabelle/money-cannot-replace-integrity-why-i-still-vote-according-to-my-inner-compass-instead-of-max-roi
I guess some whales have one thing wrong if they bought steem in hope of earning from upvoting. Scenario one: Whale bought 500 000 Steem. Steem price is 1 USD. One full upvote 50 USD. They are making 10 full votes a day. They get 125 USD from curation rewards. They make 45k a year from curation. Since they voted other whales or rented it for upvote bots the whole ecosystem does not grow and steem price dropped to 0.75 Value of their assets at the end of the year 545 000 steem = 408 000. Scenario two: Whale bought 500 000 Steem. Steem price is 1 USD. One full upvote 50 USD. They are making 10 full votes a day. They get 125 USD from curation rewards. They make 45k a year from curation. Since they find time and spend it curating quality content, new talented contributors come to the platform and they bring new people with them, platform grows, demand for steem is increasing. Price rises to 1.25 x 545 000 = 681 250 While there are different other scenarios but this is just to illustrate how everybody would benefit from keeping ecosystem healthy and profitable for everybody.
| post_id | 17,028,688 |
|---|---|
| author | bescouted |
| permlink | re-stellabelle-money-cannot-replace-integrity-why-i-still-vote-according-to-my-inner-compass-instead-of-max-roi-20171106t193324412z |
| category | whales |
| json_metadata | "{"app": "steemit/0.1", "tags": ["whales"]}" |
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| root_title | "MONEY CANNOT REPLACE INTEGRITY: Why I Still Vote According To My Inner Compass Instead of Max ROI" |
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| percent_steem_dollars | 10,000 |
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| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| stellabelle | 0 | 1,622,143,639,599 | 100% | ||
| cryptoninja | 0 | 2,036,131,214 | 30% | ||
| ocrdu | 0 | 21,482,580,549 | 100% | ||
| seablue | 0 | 129,869,078,347 | 100% | ||
| irreverent-dan | 0 | 21,810,554,747 | 50% | ||
| iansart | 0 | 13,455,160,719 | 50% | ||
| paulag | 0 | 159,839,986,674 | 20% | ||
| taskmaster4450 | 0 | 34,862,060,598 | 26% |
there seems to be a huge lack of understanding about how to create value on a social network...
| post_id | 17,029,220 |
|---|---|
| author | stellabelle |
| permlink | re-bescouted-re-stellabelle-money-cannot-replace-integrity-why-i-still-vote-according-to-my-inner-compass-instead-of-max-roi-20171106t194300920z |
| category | whales |
| json_metadata | "{"app": "steemit/0.1", "tags": ["whales"]}" |
| created | 2017-11-06 19:43:00 |
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| root_title | "MONEY CANNOT REPLACE INTEGRITY: Why I Still Vote According To My Inner Compass Instead of Max ROI" |
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| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| bescouted | 0 | 30,595,501,979 | 100% |
Exactly. Because noone comes and tells everybody like some dude came to facebook and told everybody how to do it. This is decentralised platform with no leader that act to a loose set of rules and try to play a system finally all they play is themselves. Decentralised blockchain is good - decentralised platform with loose rules not that much it seems. On the other hand if they had time and conditions to distribute tokens more evenly majority of the problems would be absent. Like EOS are doing their token distribution for a whole year to give everybody a chance to get some. While on steemit too many tokens are concentrated in too few hands why the system fails. Some are talking about democracy while this is being more of oligarchy. So no wonder that a platform built and suited to work on democratic and liberal setting is failing due to oligarchy power distribution.
| post_id | 17,030,120 |
|---|---|
| author | bescouted |
| permlink | re-stellabelle-re-bescouted-re-stellabelle-money-cannot-replace-integrity-why-i-still-vote-according-to-my-inner-compass-instead-of-max-roi-20171106t195820258z |
| category | whales |
| json_metadata | "{"app": "steemit/0.1", "tags": ["whales"]}" |
| created | 2017-11-06 19:58:21 |
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| root_title | "MONEY CANNOT REPLACE INTEGRITY: Why I Still Vote According To My Inner Compass Instead of Max ROI" |
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| percent_steem_dollars | 10,000 |
Thanks for treating us like adults @stellabelle!
| post_id | 17,309,001 |
|---|---|
| author | pjcswart |
| permlink | re-stellabelle-re-bescouted-re-stellabelle-money-cannot-replace-integrity-why-i-still-vote-according-to-my-inner-compass-instead-of-max-roi-20171110t110742280z |
| category | whales |
| json_metadata | "{"app": "steemit/0.1", "users": ["stellabelle"], "tags": ["whales"]}" |
| created | 2017-11-10 11:07:42 |
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| root_title | "MONEY CANNOT REPLACE INTEGRITY: Why I Still Vote According To My Inner Compass Instead of Max ROI" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
I think Apple and others proved how valuable a healthy and growing ecosystem is. I like you how present these scenarios which spell out the difference in viewpoints I alluded to above. For me, this place is the answer to a lot of injustice that takes place in the world. There are 2B Facebook users (so they claim) who are basically paid nothing for their efforts. The steem blockchain is the first opportunity to get people paid for what they do. That said, it isnt about "gaming" the system so one maximizes his/her profit. Rather, it is about contributing via upvoting, posting, and commenting in an effort to have the entire entity grow.
| post_id | 17,029,488 |
|---|---|
| author | taskmaster4450 |
| permlink | re-bescouted-re-stellabelle-money-cannot-replace-integrity-why-i-still-vote-according-to-my-inner-compass-instead-of-max-roi-20171106t194812165z |
| category | whales |
| json_metadata | "{"app": "steemit/0.1", "tags": ["whales"]}" |
| created | 2017-11-06 19:48:15 |
| last_update | 2017-11-06 19:48:15 |
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| cashout_time | 1969-12-31 23:59:59 |
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| root_title | "MONEY CANNOT REPLACE INTEGRITY: Why I Still Vote According To My Inner Compass Instead of Max ROI" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| bescouted | 0 | 30,138,852,696 | 100% |
You see the only way to truly maximise the profit is increasing the price/value of unit. Billion tokens with no value is much less valuable than thousand tokens with a value of 1. And that is where most people fail to see the point.
| post_id | 17,029,762 |
|---|---|
| author | bescouted |
| permlink | re-taskmaster4450-re-bescouted-re-stellabelle-money-cannot-replace-integrity-why-i-still-vote-according-to-my-inner-compass-instead-of-max-roi-20171106t195234754z |
| category | whales |
| json_metadata | "{"app": "steemit/0.1", "tags": ["whales"]}" |
| created | 2017-11-06 19:52:36 |
| last_update | 2017-11-06 19:52:36 |
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| root_title | "MONEY CANNOT REPLACE INTEGRITY: Why I Still Vote According To My Inner Compass Instead of Max ROI" |
| beneficiaries | [] |
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| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| taskmaster4450 | 0 | 14,940,883,113 | 11% |
And the only way I can see to increase the price/value of unit is to have more activity which attracts more people which stimulates more activity. I doubt that the steem token would be worth under a dollar with 25 times the number of people on here posting, commenting, and upvoting.
| post_id | 17,030,260 |
|---|---|
| author | taskmaster4450 |
| permlink | re-bescouted-re-taskmaster4450-re-bescouted-re-stellabelle-money-cannot-replace-integrity-why-i-still-vote-according-to-my-inner-compass-instead-of-max-roi-20171106t200031059z |
| category | whales |
| json_metadata | "{"app": "steemit/0.1", "tags": ["whales"]}" |
| created | 2017-11-06 20:00:33 |
| last_update | 2017-11-06 20:00:33 |
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| root_title | "MONEY CANNOT REPLACE INTEGRITY: Why I Still Vote According To My Inner Compass Instead of Max ROI" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
I fully get and agree with what you are saying here - but its obvious some of the whales do not get this. Maybe I am wrong but many of these people are techie people, not business people, and the same with the witnesses. We need people at the top that understand this and are willing to work towards this
| post_id | 17,035,114 |
|---|---|
| author | paulag |
| permlink | re-bescouted-re-stellabelle-money-cannot-replace-integrity-why-i-still-vote-according-to-my-inner-compass-instead-of-max-roi-20171106t213950251z |
| category | whales |
| json_metadata | "{"app": "steemit/0.1", "tags": ["whales"]}" |
| created | 2017-11-06 21:39:51 |
| last_update | 2017-11-06 21:39:51 |
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| root_title | "MONEY CANNOT REPLACE INTEGRITY: Why I Still Vote According To My Inner Compass Instead of Max ROI" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
People at the top who build the very Steem blockchain do. I can not tell why those guys who invest heavily do it. Maybe they just do not have time to curate manually. So they just rent it out to bots to keep it spinning.
| post_id | 17,036,296 |
|---|---|
| author | bescouted |
| permlink | re-paulag-re-bescouted-re-stellabelle-money-cannot-replace-integrity-why-i-still-vote-according-to-my-inner-compass-instead-of-max-roi-20171106t220516700z |
| category | whales |
| json_metadata | "{"app": "steemit/0.1", "tags": ["whales"]}" |
| created | 2017-11-06 22:05:18 |
| last_update | 2017-11-06 22:05:18 |
| depth | 3 |
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| cashout_time | 1969-12-31 23:59:59 |
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| author_reputation | 54,813,671,015,584 |
| root_title | "MONEY CANNOT REPLACE INTEGRITY: Why I Still Vote According To My Inner Compass Instead of Max ROI" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
well, let's get them (or us) to the top.
| post_id | 17,106,094 |
|---|---|
| author | stellabelle |
| permlink | re-paulag-re-bescouted-re-stellabelle-money-cannot-replace-integrity-why-i-still-vote-according-to-my-inner-compass-instead-of-max-roi-20171107t192517361z |
| category | whales |
| json_metadata | "{"app": "steemit/0.1", "tags": ["whales"]}" |
| created | 2017-11-07 19:25:18 |
| last_update | 2017-11-07 19:25:18 |
| depth | 3 |
| children | 0 |
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| cashout_time | 1969-12-31 23:59:59 |
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| root_title | "MONEY CANNOT REPLACE INTEGRITY: Why I Still Vote According To My Inner Compass Instead of Max ROI" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |