RE: Steemit Update: HF21 Testnet, SPS, EIP, Rewards API, SMTs!
I asked you, with the question being directed to the Smartsteem account, if the money the plagiarist spent had been refunded. You/SmartSteem did not respond. I'm asking again. Was the money refunded?
No. Everybody who uses Smartsteem's services is accepting the Terms of Service, which includes a section about abuse.
3 Abuse Policy
(...)
No-refund situations are generally reserved for extreme cases which we identify as significant plagiarism, multiple posts per day using promotion services for very low-quality content (spamming our services), or posts which spread discrimination or hate speech. Smartsteem reserves the right to blacklist and remove votes without refunds in any situation Smartsteem deems as an extreme-case or abuse of Smartsteem services.
If the money was not refunded, that means your business made more money promoting plagiarism than I did (and many others) who produced content today.
No. Smartsteem didn't make anything, it actually lost money/revenue. 100% of liquid rewards are being distributed among delegations and the curation rewards were lost due to the unvote.
Nobody deserves to make money through plagiarism directly, or indirectly and that includes you.
Correct. But it depends of course how exactly the plagiarism was used - was it quoted as part of a blog post; or was it blatant plagiarism.
So it's set up in a way where investors would have to take the fall.
That's concerning because if someone were to promote a ponzi, your investors get thrown under the bus.
Plagiarism is plagiarism. Fair use is fair use. There are laws in place that define these things. That incident I'm talking about was plagiarism, you agreed. It's illegal to make money in that fashion.
Anyway, I won't take up any more of your time today.
You have yourself a good day and let's see where these future changes take us. Hopefully to a better place. There's something we can both agree on.
No. Delegators were already paid out. There are some cases, where refunds had to be made, but that was usually being done by Smartsteem taking the loss.
Yes. Have yourself a great day too!
Okay. Thanks for clearing that up. Later!
I dunno why but I doubt this statement:
I'd like to believe that @smartsteem will deduct any accrued losses due of unvoting from the future payments to its delegators.
I remember once it deducted its losses to the degree of some cents or small fractions of it accrued over a period of about a year (that added up to a total of few SBDs and STEEMs) from the amount I sent it for promotion.