I have tested this and found that when I buy votes I get up to 2 USD. The reason is people who want to earn through curation becomes interested when they see I am investing and they are going to get 25% of the rewards. Otherwise, I am going to get 0.15 to 0.25 USD which is not worthy of the time invested. So this system can only help me through bid bots otherwise it is nothing but a waste of time.
True, but only if you think about Steem as a way of milking rewards for quick profit.
Rewards.
For value added.
What kind of value those posts add to the platform?
From what you stated above - content is irrelevant, so in the end there's only bidding in the equation and that makes your activity a pure gambling, and when it comes to gambling, there's always only one winner - the house - bid bots in this case.
What kind of value those posts add to the platform?
Not every post can be valuable for every person, it depends on interest. This is the interest that I am posting, personal experiences and learnings. What is valuable for you cannot be valuable to me, though there are chances.
Now people are investing in the project, making bid bots, or trying to gain rewards by investing. To me this is input, and this should go rewarded otherwise input will diminish. If you think that people are going to invest 1500 USD in order to get 10 votes of 0.05 USD power i.e. 0.5 USD, I don't think I am going to dive in this opportunity.
Writing researched post takes hours and reward of 1 to 5 USD (if one gets it) is not justifying. That is why if you check the new section you are going to see worthless posts.
I am not against your action, you might have a perfect reason to do this. But I am telling you why I am doing this, and why I am on steemit.
I am not against your action, you might have a perfect reason to do this. But I am telling you why I am doing this, and why I am on steemit.
With EIP we are going to shift incentives in a way that most profitable actions will be more in the line with the sake of the platform (like focus on curating high quality original content instead of vote selling/buying or self voting)
How about trying to see how much you could earn when it's up to actual people votes?
I have tested this and found that when I buy votes I get up to 2 USD. The reason is people who want to earn through curation becomes interested when they see I am investing and they are going to get 25% of the rewards. Otherwise, I am going to get 0.15 to 0.25 USD which is not worthy of the time invested. So this system can only help me through bid bots otherwise it is nothing but a waste of time.
True, but only if you think about Steem as a way of milking rewards for quick profit.
Rewards.
For value added.
What kind of value those posts add to the platform?
From what you stated above - content is irrelevant, so in the end there's only bidding in the equation and that makes your activity a pure gambling, and when it comes to gambling, there's always only one winner - the house - bid bots in this case.
Not every post can be valuable for every person, it depends on interest. This is the interest that I am posting, personal experiences and learnings. What is valuable for you cannot be valuable to me, though there are chances.
Now people are investing in the project, making bid bots, or trying to gain rewards by investing. To me this is input, and this should go rewarded otherwise input will diminish. If you think that people are going to invest 1500 USD in order to get 10 votes of 0.05 USD power i.e. 0.5 USD, I don't think I am going to dive in this opportunity.
Writing researched post takes hours and reward of 1 to 5 USD (if one gets it) is not justifying. That is why if you check the new section you are going to see worthless posts.
I am not against your action, you might have a perfect reason to do this. But I am telling you why I am doing this, and why I am on steemit.
Dear @uio
Just give up on talking @gtg. It's obvious that people who have huge stake are acting like a warlords here.
They would rather run a ghost town and bully those who are not absolutely obidient than to admit that they were wrong.
Unfortunatelly people like @gtg are the reason why I'm also losing my faith in future of this platform :(
With EIP we are going to shift incentives in a way that most profitable actions will be more in the line with the sake of the platform (like focus on curating high quality original content instead of vote selling/buying or self voting)