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RE: Are Bid Bots The Only Way?
I still can't believe how Steemit Inc totally screwed up when it comes to post promotion - Now we have Trending list that is full of posts with bought votes and only select few benefit from it while the normal users get the short end.
Every third spot should had been preserved for promoted posts on the trending list (Tweakable but probably better than now) with clear indication of promoted post, the funds used to promote then would have been burned and this would had benefitted everyone in the Steem ecosystem.
Has anyone done any research on how many of the top 20 trending posts has been bought votes each day? Would be interesting to see the data
There is 1 post (@kingscrown) in the top 20 that has not had bought votes added.
So trending is just full of bought ads now if we're being honest. Thanks for info.
Yes, it's been mostly that way for months.
The quick solution is to rename it to 'Promoted'.
Interesting to see down-votes from bot owners personal accounts, and no removal of vote from the bot they manage: Well do you agree with the content or not? ahh I forgot, money.
Why not make the homepage the Promoted Tab, and let the bidbots die in the obscurity of Trending.
That's an interesting one. Burning your bid, as it's only 'promotion', and sounds good for starters.
I wonder what the max people would be willing to set alight to top that page? First thoughts are not much, and also the big numbers that presumably Steemit inc like to show the world would reduce.
Sadly I don't think they'll die, fewer sends means more profit for those that do - who will not care about promotion. The bid-bot dark web fueled by owner/delegator bids was my guess a few months ago.
Except that now you can freely downvote the abuse, they wouldn't have any lie to hide behind such as trying to get seen!
We can, either by ourselves or using this new bot that I've forgotten the name of. However, the flags from us are small in comparison, and the whales who used to police are sold out
Baah! I'm over it, for today at least.
What I meant was that in the future if the promoted tab is homepage vote selling and vote buying won't be as profitable since people can downvote it as abuse, without any questions, as self-vote abuse should be downvoted.
Declining rewards ends bidbots impact on the pool, still serves the visibility function, and could pay bot owners bigger profits while allowing them to market themselves as responsible.
But dont suggest that to them, they will boot you from their discords,...
How can i see if somebody down-vote you? Even my introduce post always every day lose from the value. I dont understand why is it good?
https://steemworld.org/@gabbynhice
The price of Steem is falling, and so that is probably why your post is losing value.
Thank u mate! Every day i learn somwthing😉
I'm new to steemit and I was always wondering about this. Do these ppl really earn from their posts that lack much information. Now I know why. Sad days ahead for real UGC
It's a circle jerk post instead. Arguably worse IMO
Apparently, there is a 200 SBD prize for the most popular hunt by size of potential payout........
Don't get me started Neal!
lol
Maybe I should have specified, 1 post that has not bought votes prior to posting.
Sill lol
And half the other posts are telling us that everything is fine, it's not so bad.
My opinion on this is still swaying from side to side, I guess it will be fine as long as people develop alternative algorithms to view the content on the blockchain.
But I still would prefer to have this same system embedded into the blockchain or steemit.com in which funds used to promote would be burned, sharing the profit between everyone.
I'd also prefer the Trending contain something else than just "ads". This current change has very likely impacted efforts towards finding quality content a lot. We would do a lot better, if we aim towards finding quality content and rewarding it rather than encouraging and forcing everyone to buy their way into the spotlight.
At least that's how I feel on this issue today, might be different tomorrow. But we should aim for something better.
There is that system already, it's called the promote button, where the funds sent are going to the null account and there's no inflation of reputation or curation as a result.
I'm aware of it, I'd like to see promoted integrated to trending so it actually has some use. Who visits promoted?
That's why I suggested that the homepage is changed to the promoted page, and only the posts that are promoted appear there, that way there is a demand for the exposure that comes from being on steemit.com, which like you remarked, who visits promoted? it will be everyone then.
But that would be forcing ads down everyones throat. You kind a want to take the end user into consideration as well or they'll leave or never come at all. We don't need to reinvent the wheel, just look what other social medias are doing, it is rather simple. Reserving posts for promoted/ad posts between trending posts.
It's not Ads, its Promoted content, and in turn, people will be careful what they promote because exposure isn't always great. Think about it.
It could work, I'm all for trying to change the current Steem meta. I have one project in development to assist in this.
They can change the algorithm for trending at any time. I don't think they anticipated the vote selling business on this scale. I think various people are analysing the posts. There's this alternative trending page
They don't even need to change trending. Steemit Inc easily have the stake to police this. They choose not to.
Ya they don't vote on anything anymore either... Trying to stay neutral I believe. I think they are working on solutions tho.
Account Based voting will probably solve this and many other issues soon enough.
Account based voting is only going to be for SMT's. New systems built on top are great, but do we want to build new things on top of shaky foundations? The STEEM token itself has to be a priority.
Oh I see.. Yea I watched a video where Ned speaks about it and i wasn't clear on wether or not that was just for SMT's or also to be implemented with Steem as well.
I'm not sure they want to get involved as they need to try and stay fairly impartial.
I believe that's a mistake. Steem is a stakeholder governance platform, it's premised on the idea that stakeholders, especially the largest ones) have the best incentive to govern the network properly. When they abdicate, people with less financial incentive to make good decisions gain that power. They have the opportunity to profit since it's the largest stakeholders who are primarily being diluted, and they can avoid their own dilution.
They have talked about reducing their stake at some point. For now they have a massive amount of Steem that does nothing useful
Yes, me neither but it's been going on for a while now. Might as well adjust and correct the system. I did see @noisy developing something to battle this as well if I saw correct. It gives me hope for Steem that there's people working on fixing this. I'm sure we all have our own visions on how the system should work and as your link shows, we can all try them out also which is great.
Interesting algorithm on that site, never thought of valuing the posts by the weight of their resteemers.
There is so much potential in all creations, I like how a funny song, brings me so much information about what's going on over here.