Selfvoting on Steemit
For those who have read my posts, I love analysing Steemit data and trying to help community and myself understand Steemit better by providing meaningful insights through analysis.
While I very much welcome the higher relative voting of smaller accounts following Hard Fork 19, I think the fact that someone can pay themselves potentially $100s for their own comments and posts is just crazy and I would consider that portion of the reward fund completely innefficient.
In a few days time I will do a detailed analysis showing 1) the % of rewards made up of self voting both before and after Hard Fork 19 and 2) the most prolific self voters.
I feel this will highlight the issue for the Steemit community.
I love Steemt and want it to succeed but huge self votes is not the way.
Thank you for reading
The self voting is bad for steem, but has major incentives for individual steemians, thats why:
It's a "tragedy of the commons". The situation can not be eased by appealing to the conscience of people - they act in their personal interests. It is necessary to change the system so that there is a common cause where most profitable.
Why is this post self-voted by you..? Lol
Fair point 😀, however, I'd happily sacrifice my self voti privilages if meant someone who can pay them self $100s had to make the same sacrifice.
I know I was just kidding xD
I self vote when i can't find good content or my power is near 100% and i don't have time to search for it. No sense wasting the opportunity.
That being said, if i was making a killing on here I would have more time to find content and wouldn't need to upvote my own things.
I'm always for less regulation, unless it's absolutely vital. I'd say let's just call out anyone who does it all the time... The community has a lot of power here.
I think peer pressure can do great things when all activity here is public. Besides, regulate it and they'll just make multiple accounts and vote between them.
Upvoted post to help support your research ;)
Systems always come with their flaws no doubt and this is a loop hole that needs serious looking into, maybe it would be better if steemit can put measures like limits on self votes and cut down to a perticular % depending on ones steem power, but lets be honest self voting has helped alot of people get paid and changed their lives for the better, it isnt such a bad thing when you look at it from that perspective and as such it has its positive side, for an individual to have self votes getting into $100s he did alot of hard work and made alot of sacrifices, it didnt just fall in his laps, not withstanding i agree with you at certain levels and i believe its better for regulations to be made. Great post by the way @bitgeek
I think self-voting shouldn't be allowed.
Self voting is a way to increase visibility of your post or comment, not just a way to snag a portion of the reward fund, s it does have its uses!
I agree, it does help. I do it but not usually at 100% because I see a lot of content I like that I want to reward.
I agree, but most of us minnows don't have the luxury of the slider, so are unable to vary the weight of our votes!
Good point.
Hopefully I will get there soon. I have also been told that the approx. 500 SP limit is being reduced to approx. 125 SP, so that will help.
Yes but there should be a cap to its weight. Being able to give yourself $100 for nothing is just wrong. There will always be people who will abuse this.
I agree but Steemit equates money with visibility (more popular posts are those earning the most) so in order to raise the profile of your own post, you need to increase its value. If there was a way of doing so without basically paying yourself, perhaps more would use it.
Being rewarded for voting yourselve is definitely confusing. Do you maybe know any youtuber explaining the voting-system and steempower? For a beginner, it is not so easy.. :/
I agree 100% with your post, however for newbies like me, sometimes self-voting is the only way I can get a couple of cents for my posts and comments. But If I was a whale and getting $100 per post just for commenting, it would definitely be bad for the economy.
Follow https://steemit.com/@sethlinson
Stop freaking out. The only pool drained when a person upvotes themselves or anyone else is their own little pool. They're not taking from anyone else's little or big pool.
I'm not objective to being able to up vote your own stuff but feel you should be up-voting others content as well. If you just up voted all of your own stuff I would imagine the community would catch on to that pretty quickly and almost shun you