We really need to do something against 100k $ a week rewards for posts that are pretty much a gamble and in worst case scenario are taking advantage of the readers that follow the trades.
We really need to do something against 100k $ a week rewards for posts that are pretty much a gamble and in worst case scenario are taking advantage of the readers that follow the trades.
It's actually only one SUPER Whale that gives Haejin's post most of its value. I was a supporter of Haejin because I use to think he cared about the analysis that he put out. Now it just looks like a game to see how much money he can get from his post. Just my own personal opinion.
And psychologically, people are more likely to take highly upvoted posts seriously, and upvote them too.
Agree and that is used and abused here at Steemit by more members than just this guy, unfortunately.
Such a good point @poet -- which is kind of the point, that good posts should be upvoted, but there is definitely some scandal at play :/
i agree. posting to buy alts with BTC about to tank is a joke. and some of the coins are beyond terrible with no updated news, bad teams, etc. but people vote and he makes a killing. I think he means well, and his TA is good, but TA isn't the end all for crypto, research is.
I think people think he is some oracle because most of the coins he suggested went up, well the whole market went up. You could have picked any coin and you would have a good chance to double your money in december. Heck my brother would occasionally take my advice and does pretty much no research was 4x in december.
my biggest gripe is there are other people posting better information in his replies yet no one gets upvoted. he should be reading the comments and helping those that help him be in the position he is at.
I agree , help those that help you.
he does good analysis, but apparently greed has taken over.
A lot of similar crap analysis provided for free on other websites. His followers are just a bunch of morons! Not to mention his crap analysis failed multiple times! This is what happens when crypto trading becomes a religion!
Well said. Totally agree with that.
Well said, indeed! Here's my vote)
People build a brand they expect to be paid for it
Otherwise they can do charity and join Hare Krishna
What we really need is analysis of analysis
Cut to the core of the crap. And show they're just wasting you time, your LIFE reading it. Or worse still misleading you into losing money investing (gambling) or deliberatly robbing you
He never ever comments or answers questions to his own posts while he also leaves out the most important part of his predications, how he determines the targets.
Haejin was getting 3000+ views and 250+ votes before ranchorelaxo ever voted for him. If you want a lot of votes and attention from whales, try to do what haejin does. Provide quality content that your fans want to see, bring fans in from other platforms, get your fans to purchase sp to support you.
That sounds like WORK
Easier to make music on MTV Money for nothing and your chicks for free
what about posts with only a happy new year or a photo or those girls who just pose at a beach and generate 1000z of $$$? atleast he gives some info on cryptos.
Christ, if I see another crypto post in the top 3 posts, I'll freak.
yea, but better then a hapy new year post with some chick posing and recieving 1000z...
TA is rubbish, so yes he is misleading his audience.
@acidyo so why voting for this kind of post. I don't understand
@acidyo, ok man but what?! Let's say we all downvote @haejin for reaping to much rewards. He can just easily transfer the SP that is upvoting him to another account and do his trick elsewhere, or if he's smart 25 different accounts.
In my opinion a downvoting campaign will accomplish nothing. What will? Healthy competition and hard-working mentality. Elliot Wave analysis regarding cryptocurrencies, which is an extremely popular topic on Steemit, is a monopoly market now because it's new. It's owned by Haejin, the first-mover. This is not sustainable as there is no entry barrier for competitors. Anyone can start up business next door. That brings me to my closing remark:
I thought we liked that about this system, the only power on this platform is Steem Power..? Just become popular or buy a lot of SP if you want to influence the reward pool according to your own standards....
You don't have to downvote anyone.
The reward pool is fixed and is shared out in proportion. So upvoting someone else is equivalent in value to downvoting haejin in terms of percentages.
The real problem is that the rest of the community isn't upvoting enough. They could easily counter the whales by going on voting sprees and voting for deserving articles (the articles the whales vote for then get less of a reward percentage).
If you want to stop abuse the most efficient way is to go out on a voting spree and the more people who do this, the more effective it will be.
because, whats the point when your vote is literally worth less than .01? wasting votes. i vote on posts and comments i think are good content. but it has no impact.
although this is annoying and disturbing drama to be observing as a newb, its an important topic to the future of steemit. if im going to invest 6-8 hours a day writing one post that might get 1$, its worth following this pissing contest a bit. So, here i am trying to make sense of it.
your suggestion sounds good, but doesnt seem like it would even put a dent in the problem because minnows still wouldnt be able to effectively participate in directing the future of this platform. 0.01 vote helps no one. all it does is drain your inconsequential voting power.
the people who are earning so much, good for them, i guess. some of them. whales complaining all over the place how whats his face is basically cheating, yet are not helping minnows get stronger to join in. there are way more minnows here than witnesses and whales. so when you say everyone should upvote other people, ummm. minnows are but its bascially null and void, at the mercy of a whale or curation team for a couple of crumbs. there are some curation teams which are super inspiring because they truly are giving benefit to the community. helping others.
lastly, is steemit going to be a social platform where only discussions on crypto have value? i was under the impression it was supposed to be an all inclusive diverse world wide social network. why are MORE whales and Witnesses NOT bumping up minnows? is it because of greed? afraid to lose power? because thats sure what it looks like. if you think everyone should just start upvoting everyone else, minnows need a whole shit ton more leverage. sorry so long
If thousands of minnows are voting, then it adds up as far as the reward pool goes.
The problem is that most minnows think like you do and are not bothering - and that attitude hands power to the whales.
Not true! We ARE voting! As I said, I'm commenting and upvoting every single day at an easily weakened 100%. Maybe 10 votes a day before I'm slapped on the wrist with loss of voting strength from participating too much. How is that giving more power to the whales? I'm voting on stuff that's really well constructed by people who are investing their soul into the content they're creating. It's just like real life. My vote has no direct effect but I'm sure as hell going to vote anyway for the reason that I like SUPPORTING the people who are doing a great job.
i was trying to emphasize my point which is a little hard to show through text sometimes. so i wanted to clarify, reading my response to you in my head, i was not screaming hahaha. i was being animated but not angry for what its worth.
Elliot waves are far from infallible. If his chart analysis was that good he wouldn’t need to be taking anything from the reward pool.
so true, if his TA was so good then why does he have the need to take rewards for steemit? he is money hungry in my opinion and if he really cared about the community he would ask the whale upvoting him to stop, let devout minnow followers dictate how much his blogs are worth, not a HUGE whale!
most people are stupid and they see kaboom 400% and think he is a god. Meanwhile there were other people in there that do zero TA but had 1200% because they just do some simple research and were in early.
you will never get rid of him until the market becomes much harder to make money. his TA looks great because people are making money picking the coins he suggests. what they dont realize is the entire market exploded and you could have picked anything and drew a yeti on the chart and you would have made money
The kaboom idiot guy has becoming more like a cult leader now--his followers are willing to suck whatever size of dick is in front of their nose! When crypto trading becomes a religion!
I think you're right, @steemitromney. He's winning right now because he doesn't have competition. If his work truly is garbage (I don't know anything about Elliot Wave analysis, so I can't tell), then what needs to happen is that there need to be a few accounts that regularly debunk his work, or if it works. At least that's in theory what would level out the playing field. But I'm convinced that a good majority of the upvotes are coming from low-level bots that he's controlling. He's moneyballing the system. We'd need someone to do a network analysis of the voting activity towards his account to gain some certainty on that though.
I learned and am still learning Elliot Wave analysis from Haejin, and I post my scribblings at my blog here. Your welcome to follow and upvote mine analytics :)
lol
I'd prefer to call it the Idiot Wave.
The guy is practically raping the reward system with extreme greed and we all are just looking ..only Bernie is fighting this war ...where are the witnesses...I am not against him making 1K daily but let it be one good post, max 2 daily...One is even enough for him because he crowds all the tags and no space for others to even shine..this is not good for the ecosystem-especially posts based on speculations. Thanks for posting this Bernie, hope all see this post and someone do something...10x posts daily!!! damn...
Steemit Inc , please do a daily post limit!!! 1 post a day will be great...2 max however if we reach 1M + members then 1 post max a day will reduce this type of greed.
There was a time when 4 posts/day was the max before a diminishing returns algorithm kicked in. last I knew, Golos still uses this system, but are planning a fork to add the current Steemit code, and while I like the single 7-day payout window, I don't care for the spammer reward system.
It's beyond just making more money than you're worth. He's taking part in something that respectable news outlets disallow for a reason. Using a follower base to influence the price of a low cap asset. It is his followers fault if they get burned to an extent, but it doesn't make it okay.
well it was good TA at one point. now its a glorified pump and dump. some of the coins he suggests are a joke
The bigger the following & hype, the more his pics behave as he predicts, till they don’t
I don't agree with post limits , we can deal with this in a different way .
i honestly don't mind it but can we put all of em in one post instead of multiple haha
Yeah, that's basically it. There's just too many posts in one day with info that could very well be put in one post. I don't mind the info/speculation perse, just that it's in so many posts as to milk for the most possible rewards.
Kind of makes you start missing those days of max 3-4 posts a day!
Well I agree @playfulnoodle, maybe this is what we should do is curb accounts from posting ad finitum like this ?? I dont like what i am seeing, @haeijin is not the only person I see making too many short and repetetive styled posts of frankly not much interest ! We need to get the quality back up I feel so yeah why not go back to limiting the number of posts again ! Three posts for most people would be too much no ?? If they were good posts that is with content which is nicely put together with thought !
I'd say that. I don't think people would be able to create many more good quality posts on one day, 7 days a week. I sometimes write a couple of posts more on a day, but that's to have some in advance, you can spread those out over the week instead of spamming all in one day.
His votes of "not much interest" over 10000 views and hundreds to thousands of votes. Maybe others find different things of interest.
yes no doubt @danpaulson, but crypto market posts are not my source of interest here i can tell you that ) But then thats me, Im not everybody else ofcourse !!
A daily report would be fine.
I can see your point , just hope it doesn't lead to post limits because I post about different topics daily & sometimes post more than other days.
I believe you should create a system to compensate small users that find situations like that......I detected some....how will I denounce it? I will make enemies....will the system compensate me if I denounce? that is the point
-18?
How the fuck is that even possible, who did you piss off?
I know there was a whale war but I thought it was sorted out.
Maybe it's about time to create a community council specially designated to address this type of abuse? I believe the US electoral voting system will be the perfect model for electing a decentralize authority.
Are u serious? 2 of the last 3 presidents were put in office by the electoral college who went against the results of the popular vote for the other candidate. That system can be corrupted too.
Popular vote is a very dangerous thing! It doesn't take a genius to conclude that the majority of the world's population is comprised of stupid religious morons.
Lots of people in positions of power across the world are also as you described. You left out all the people in both categories who are religious and not morons as well as those who are not religious or stupid who do good for the people around the world. Bad argument imo
There is a reason why the Electoral College is chosen by the US lawmakers as a way of arriving a distributed consensus! Remember--we are talking about decentralization here! Take this simple scenario.
If we are going to conduct a worldwide poll on which religion is telling the truth--if would come out Christianity will be the clear winner by virtue of popular votes since it has the biggest number of population.
Dang! Even my dog can tell the result was a popular joke.
Now tell me, how could you justify popular vote in that case?
first of all, you are going off on a totally different tangent than what this entire drama is all about.
we are not talking about religions. you are wanting to pivot the discussion to focus on religions but this is not about how many people in the world are christian or any other type of religion.
id also like to point out that even within religions people do not all believe the same way. to say that people are stupid and incapable of making sound judgements for themselves because they are religious is flat out cognitive dissonance because, again, you are failing to account for the fact that many of the US's Lawmakers are themselves religious. The same goes for around the world. People in general are religious so, again, your argument fails.
Which, by the way, the lawmakers in America, are actively and aggressively working to pass laws directly related to their particular flavor of religion. the founding fathers wanted church and state to be separate for that very reason, yet here we are in 2017 with lawmakers passing laws dictating what women can and cannot do with their bodies, as just one example.
so, please save the bs for someone else who more gullible. youll probably have some kind of retort but im not going to respond anymore because youre projecting your views about religion onto a discussion that is actually focused on economic politics within the steemit platform.
First off let us go back to where this all started! What I am doing is simply the use of analogy in order to understand things clearly as much as possible.
You've disputed the beauty of Electoral College system, and if I'm reading you correctly, you are in favor of popular votes.
Here we go! You are probably a huge Hillary fantard--I suspect. This is going to be fun. I am not a US citizen by the way--I don't have any vested interest with your politics there whatsoever.
I don't care if your next president will be the son of Mr. Bean! What I admire is the beauty of your electoral system as the most viable solution against centralization of power within the same class.
The same thing goes here on Steemit! Since nobody has a grown balls to flag these whales abusing their Steem Power--therefore I am proposing to have a decentralized source of authority to handle abuse of power--which will be elected through an Electoral College of some sort!
This decentralized council will receive a terrifying amount of Steem Power delegation from the @steemit account--and will be in-charged to sanction these abusive whales once a consensus has been established through community voting using the Electoral College system.
Imagine if we follow the popular votes system--please note that haejin has more than 17,000 followers at the moment--do you think it will make sense?
Always remember most folks following this guy is coming from the Trading, Bitcoin, Altcoin, Shitcoin, Cryptocurrency, Technical Garbage culture!
How about the minority voices--those who are interested in Cooking, Gardening, Science, Technology, Nature, Travel, Solar Power, Racing, Space Exploration, Religion, Atheism, Pornography, Photography, Gambling, Cinematography, Boxing, Magic, etc.
Does that mean their voices are not counted during community voting because they represent a small minority here on @steemit?
That's the thing that you should begin to ponder on! Again, there is a reason why the Electoral College system is adapted by the US commission on election!
Your turn!
Thanks for your last reply. Believe it or not, I agree with you on some points in your last statement. because now we can move on to discussing the solution. My main point is that an electoral college type system is itself subject to corruption. If a steemit system mimicking the EC were setup, as you described with them receiving and controlling the SP from steemit account, what's preventing them from abusing it or favoring who the want. There's a reason the USA doesn't really strictly on EC but also uses popular vote. The EC is supposed to follow the will of the popular vote but are not required to. Hencen, two hugely unpopular presidents got in office against the will of the people.
Haejin has so many followers because he has manipulated the system, marketed steemit as get rich by convincing his followers to upvote him, and as I understand it, having multiple of his own accounts upvoting him. In America that'd be some kind of fraud, but I don't specifically which one. Self dealing maybe. Bribery. I dunno. Not a legal expert.
I think you have a thought out idea which has merit, but doesn't account for all the factors at play. It's good to have someone, you, give a suggestion to address the abuse. It needs worked out and that isn't going to happen until more people present proposals for a solution to come to some agreement.
however, I'm not sure how setting up an EC type of thing would still keep steemit's decentalized but honestly I'm so new I don't fully understand all this crypto stuff.