Moving to hive
Fuck you Justin, we're moving to Hive.
9 years ago in #steem by berniesanders (77)
$794.15
- Past Payouts $794.15
- - Author $651.46
- - Curators $142.69
Moving to hive
Fuck you Justin, we're moving to Hive.
It's not 6%, that's off by a decimal place @berniesanders. (Real value is 0.6%) Not sure why steem.supply displays it as such, but if you check another service, such as steemworld.org, you will see the correct value, which is 0.6% (of course, that is still a rather large chunk! I'm a stickler for details, though :P)
Edit: I just did ran the "Coming Author Rewards" feature on Steemworld for @haejin, and it calculated it at 1% of the rewards pool. (As I stated, this is still quite large!)
Note: this comment is meant to be neutral and focus on getting the facts straight. I support each stakeholder's right to vote as they see fit. I am intrigued by this mysterious whale @ranchorelaxo that has appeared seemingly out of nowhere as well. Has anyone investigated this in detail?
Upvoting this comment for visibility and to counter the hysteria caused by the erroneous 6% figure.
I do want to also mention that I have been reading @haejin's blog since he was making only $5 a post before he went viral, and more importantly, watching his videos which is where the most substantial aspect of his added value to the Steemit/cryptocurrency community comes in. Though the posts are quite brief and could be construed to be somewhat vague (as lampooned by @netuoso) the videos are often up to 30 minutes and go into great detail on Eliot wave analysis and chart pattern recognition (something he has been practicing for over 15 years.) He has a lot of YouTube followers and they make Steemit accounts just to comment on his analysis, which is partly why he has so many followers on Steemit.
I am aware that some believe that technical analysis is total bunk, and not surprisingly, they are generally the ones who are not themselves trained in the art. As plenty of others have stated, part of @haejin's recent success is due to the fact that he has correctly anticipated quite a few movements in cryptocurrencies, which has caused many of his followers to become rather wealthy. Therefore, the firepower to upvote him increases more rapidly than other bloggers.
Again, I support anyone's right to upvote as well as downvote as they see fit, but I just wanted to weigh in from the perspective of someone who has benefited in the past from his tutorials, general knowledge, and more specific recommendations. I also wanted to make sure that the correct figure for the potential rewards was displayed, as it is currently inaccurate on steem.supply.
I want to also mention that I respect your approach to correcting the rewards pool distribution because I know there is zero financial incentive to do so. You and @transisto are some of the few that seem willing to counter abuse by sacrificing monetary gain and I appreciate that. I admired the transparency when you were posting on @yougotflagged as well.
My apologies for this mini-essay and the self-voting, but I want to further the discussion here. Trying to see both sides to the best of my ability. Peace.
@berniesanders Please correct yourself.
agreeable and fair comment.upvoted
He using techniques like ------ as I don't know the theory name but I will explain the theory in a brief manner. Now here it goes. It works great when you already have lots of followers. Suppose you have 5000 followers, you said half of them that market is going to go down and another half the vice versa. Now you got nothing loose. Now suppose the market falls down, so the 50% followers says he was right and remaining another half you repeat this loop . In between this new followers will be added as word of mouth etc. And he made them join the loop. So this is going to be run infinite times. Till it exhausted.
What he was doing is simply a form of esoteric nonsense applied to crypto currency. Very much like to astrological card readings, overrated garbage! I am a new comer and I can pretty much predict the outcome of any coins by way of analyzing its white paper, the people involved, PR, history, and proof of concepts.
It does not take a genius to understand this business. Nothing rocket science FYI. Buy when it's green, sell when it's red. But you need plenty of money to do that, simple as that.
That guy is the equivalent of Deepak Chopra in cryptocurrency. Spouting pseudoscientific nonsense by using obfuscated language just to sound scientific. People beware: religion has infiltrated into the cryptocurrency realm and the unwitting readers can easily fall prey.
Interesting opinion thanks. It was fair. I can see that complaining on a new whale will cause monetary gain as well. hmmmm still worth reading
Agreed
I am a grateful newbie, and would greatly appreciate any guidance on how I may better be an effective curator, on this marvelous platform.
I am agreed it is really appreciable
I find it extremely interesting the people trying to defend haejin on this post. I am wondering how many of them are the bot army that Haejin has created.
Will look into this more after work when I can actually spend time on it.
😂😂😂😂
I clicked a few profiles and must admit I happened on a few that seemed eerily empty.
Feel free to investigate my profile though! Maybe you'll like what you see and I'll gain a follower out of you 😉
He picks random coins and says they will go up hundreds or percent. All of them have the same growth prediction pattern and no research is done on any of the development of the coins. If you look at his success rate for predictions, you'll see it's way less than 50% meaning anybody could have done the same guessing and came up with similar results for predictions.
You are right. It is rubbish.
But the fact is that there are many many MANY other that basically do the same.
I've seen users getting daily $100+ rewards for literaly saying the price of couple of coins every few hours.
No added value.
But then again, maybe that's just it. People are stupid we vote stupid things.
After all, most traffic on the Internet is not society-changing whitepapers about crypto, but rather cat videos and porn.
Meet humanity.
Do you have any data to back up that claim? I have stacks of $ that say his hit rate is well above 50%.
Thanks for the information. I was looking into his stuff and couldn't really wrap my head around it. That said, a few people seemed to have made tons of money using his methods.
Yes most people who learned how this thing work are cashing out by the second!
TIAB
Its so frustrating. I joined steemit as a photographer with the hope that quality content might rise to the top. I guess all platforms are subject to abuse but it does make it frustrating.
Sounds like the typical trader. Not being able to outperform the market or in this case Bitcoin.
Let me drop my comment here - so it'll have the chance of getting a wider reach.
I'm neutral right here and I'm not supporting anybody, but lemme just speak my mind.
For me, anytime I see a post calling for the Flagging of another person's post, it just speaks:
Centralization
and
Censorship
to me, which I tought we were all against.
It's my opinion tho.
Peace
Can you just imagine if Conor McGregor signs up for a Steem account and up-vote every trash talk he can think of? Well, this is just the beginning. The algorithm is literally broke! A new way of distributing the reward is a must, else Steem is doomed.
You are very right
Fuck off kela
Thank you @ponts
This is an interesting community here, i realized that reading this post. As it is very clear that, where there is politics there is good reading and laughter. This is my first ever comment by the way, had to start somewhere. Looking forward meeting many of you.
I agree with you
For anyone to make any contributions it's worth whatever those voting says it's worth. Isn't that the whole essence of decentralization.
People voted his contents and Bots so i do not see any reason to castigate the man. We do so many thing for different reasons, most times for same reasons but our approach differ hence the variety of life.
@ponts To me it doesn't even matter whether his predictions are right and precise or not. This is not even the point. We need to underline the need for limits to be put in place in order to prevent a single user from being able to gather such a large percentage of the rewards pool. If a single user is allowed to gather that much power, what happens when they decide to cash out one day?
Right.
Yes, but i think you are addressing the wrong point here.
The problem is not his content. Shit authors will always have his followers (Twilight anyone?), but the issue here is the system abuse. Check the first bernie post about this, and some facts posted there.
I've been one of the earliest followers of @haejin and while his formatting and style can definitely be improved I did enjoy some of his chart readings.
He has been consistently posting at this speed for a long time, even when he was making mere cents per post. I can see some increased posting from him due to enthusiasm (who wouldn't when suddenly you do start earning a lot) but overall I wouldn't say his posting behaviour has changed all that much.
I kind of think that there was a tipping point where he started to gain some more wealthy followers that started to auto-upvote. Once you breach $10 consistently.. well, you know everybody else is going to pile up in order to get curation earnings. It's the same reason why posting today's price of Steem and SBD every day can earn some people a lot of money.
I personally don't think @haejin is abusing the system, but rather got lucky through organic growth and the way Steem(it) is set up.
I can't say I agree with the hundreds of dollars a day earnings either to be honest, but I don't know if @haejin is to blame for this or his followers (or indeed STEEM/Steemit).
I do think posting 10x a day could easily be combined and compiled into 2-3 posts a day with more substance, though. Because indeed, when the amounts get so high that it becomes 6% of the reward pool... from an ethical and long term Steem outlook that doesn't seem like a good thing.
Anyway, just giving my opinion as a more-or-less-outsider looking in. I would sooner blame the system in this case rather than @haejin specifically. I feel actively downvoting/flagging his posts may not be an ethically sound solution in this case either. But, who am I to talk? This is the Steem wild west...
@Haejin is 100% responsible for this. When you look through his comments on his posts, he consistently has specific users ONLY post on his posts. His posts have no information in them other than just some quick pictures. (His fake accounts all have posts that are similar, just a quick picture of the graph.)
Why would users come to Steemit and make an account, and then give like 50% of their votes specifically to Haejin and Haejin only.
There was also a ton of brand new accounts that were made that were trying to support haejin and that is the only activity they had, ONLY posted on Haejin and upvoted Haejin.
There is a list of probably close to 30 that have been found for sure, and there are a lot more I am sure. It is almost as if Haejin created an ecosystem to himself and is trying to add votes and fake comments to make his post look more legitimate.
90% of his funds come from ONE user who has never voted for anyone except Haejin. Is some secret whale that existed and has gotten 1.2 Million Steem from Bittrex.
I believe that whoever this whale is, created an ecosystem of his own army of accounts to upvote his own stuff and steal from the reward pool.
There is no way someone other than Haejin created tons of accounts to support Haejin and Haejin only. All the comments are very obvious to, they sit their and praise him like hes a god, or compliment him all the time on the amazing posts. AND, he uses these fake accounts to respond to posts on his posts, to make it seem like his following is a lot bigger and more real than it actually is.
You will also see that the upvotes on these fake accounts usually have a higher reward than the other people who comment on his post.
This is a very interesting situation indeed. Me being a crytocurrency analyst myself; I'm not a huge fan of how he does his blog, but my opinion and .80 cents will buy you a cup of coffee at McDonalds. After reading through a number of his posts, I feel that in general, they seem to lacki in the content category. That said, this is a plus for some as they like to get to the meat and potatoes of an article with no interest in reading an authors colorful insight or creative use of metaphors and analogies.
Do I have an opinion in regards to using bots etc. Not one that I can substantiate, save the fact that if he was using nefarious means to upvote himself then that conduct should not be rewarded, if he wasn't then no harm no foul.
In regards to his sugar daddy whale and him accruing 6 percent of the entirety of the reward pool.. Again, touchy subject. Has he, through his hard work earned a lot of what he has? Sure.. He has been posting consistently for quite a while and for the most part been a dedicated Steemian just trying to make it. This again would be muted in the event that it was found out he was acted in a surreptitious manner to get where he is.
Onto the whale specifically. I think continually upvoting his posts to extraordinary dollar amounts is somewhat abusive of the reward pool and short sighted irresponsible behavior by a member with that much influence; again my opinion. I would hope that those at that level would look past their noses and toward the betterment of the platform and choose to evenly disperse rewards to a variety of up and coming Steemian authors.
Lets assume that Mr. Whale made some profit by taking the advice of @haejin and has made the choice to show his gratitude by up voting his posts. This I believe is fine to a point. If I had that level of influence, had profited from his advice, I would upvote a few of his posts big time in appreciation and then back it down considerably. I did my feel good deed, having rewarded him, but did not lose site of the overall goal of promoting the long term life of the platform which consists of many users.
While it may be unfair that this whale is consistently rewarding @haejin, and acting in a way that could be detrimental to the platform and its image; life is pretty much unfair all the time. The platform could shoulder a large portion of the blame as it runs on an Anarchist principle of self governance where each user is allowed to reward as often as they wish, in any amount they wish and only to those that they favor. As that is the current system; while unfair and allows for considerably disproportionate reward distribution; it is the system. So we have to work with what we have.
In looking at his blog, I think it has gotten to a somewhat ridiculous level at this point as there are many, many, Steemians that put in much more effort and produce far superior content. That said I am not going to slight him (provided he did nothing underhanded) for the efforts he put in by posting everyday, even if I find the content to be somewhat bland.
I think or hope that it will blow over at some point and this whale will look more into promoting the overall health of the site and the many users that inhabit it.
@pawsdog
Some hard forks ago a maximum of four posts per day were fully rewarded. I think that was a very reasonable rule.
I think this was the problem that the 4 post a day rule was suppose to solve, so flagging wouldn't even be necessary if that rule was still in place
@pandorasbox you may be right to think that @haejin may have unlock the secret to gain more rewards by posting to a certain speed and numbers a day. And I think that that is the way the system works in STEEM/Steemit. Then if everyone of us follow the same way I don't know the impact of these in the whole system. But since this is a social media type blockchain and rewards are based on posting, commenting, upvoting and blogging so we cannot stop people from reaping their rewards. Well the only thing that we may be able
to control is that there should be some limit per day as how many you can post and how many you can upvote and commenting. By then, we can control the quality of post that people can have.
Though it defeats the goal of having a quality posts if each user is only aiming for the rewards.
Can someone explain to me the ethical stigma surrounding downvoting? On any other site, Reddit, Youtube, etc. downvoting is never an issue. One of the biggest problems with Steemit right now is the waves of bullshit spam content you have to wade through before getting to real material.
You have a point here. I was wondering why @haejin didn't just do a few posts per day. But his followers love him. They claim to have made tons of cash following him, so I guess someone who he is helping to make 25k in a fortnight ain't gonna complain about his winnings.
This is probably the most balanced response I've seen during this debate. I've been a steemit user since Jan/Feb. I've learned quite a bit from various traders on the platform like @quickfingersluc and @exodous but @Haejin is the one I log into steemit every day to see what he's posted. The majority of Haejin's posts are videos where he walks through the TA and gives advice. Watch one of his EW teaching videos linked at the bottom of one of his posts before you launch into a tirade about the quality of his posts.
This is the second or third time I've seen Bernie attack someone over perceived abuse of the rewards pool. I agree that whales seem to have too much weight in rewards and that the algorithm for rewards needs improvement. It's also abuse when someone like Bernie purposefully attacks and shames someone like Haejin or Michelle.gent after they've contributed to the site for a long time and have organically grown their followers.
Read his post in bold "@ned, WHAT ARE YOU GOING TO DO TO ADDRESS THE VOTING ABUSE ON THIS BLOCKCHAIN?". He did not say "@ned, WHAT ARE YOU GOING TO DO TO ADDRESS THE Haejin ABUSE ON THIS BLOCKCHAIN?". He specifically said VOTING ABUSE.
@pandorasbox, I hate to say this but you are not doing your home-work. That reward pool sucker profit maniac is the one responsible for up-voting his own crap! Think, think, think.
Yesterday he was calling BTC "Bullish" when even I could see it was about to correct/crash. Says it all.
I agree that the payouts he's getting are too high. if it was only 1 post ok....but he post 3-4 times a day. Some mitigating downvotes are fair in this case.
I am not always a fan of bernie, but this time I am supporting him. Unfortunately, I cannot participate since I have to use my voting power to contain another fire in Korean community. Upvoted!
Thank you for your support on this one.
what exactly is happening in the Korean community ?
@berniesanders you might also want to take a look at this user:
Another great example. @ned, how can this be solved?
I'm saddened by this. So I guess, it's not really about quality anymore?
If we want to attract more users to Steemit and at the same time increase its value, then something really needs to be changed. People are smart, but often they use this to abuse. Greed comes in, and deserving people get less and less.
This one tops it all over 40 bucks for a lousy comment like ( Wow:D) what has steemit become there need to be taking actions. Thanks @irreverent-dan for your investigation. I hope the Whales and devs will do something to stop this abuse of the reward pool!!!
holy shit!
You can use https://steemcleaners.org/abuse-report/ :)
Not only him. Dozens of self upvoted comments each week by proxy damarth. About 45SBD each + some junk posts witn nothing but single photo. Also 45SBD each
https://steemit.com/@abagendo/comments
My modest opinion is that noone should have more than 2 posts in the trending section on any given day.
I see some accounts that have 4-5 posts in the trending section right now.
Those who have guaranteed whale upvotes should be mindful of not clogging up the trending page with overly frequent posts, or at least accept the mitigating downvotes that may come without too much drama.
Feel the Bern!!!!