Well, no whales enjoy a prolonged battle against someone even with only 1/3 of their stake. Once significant enough, it would be a pain without other whales, etc. support. Saw that happen with the recent flag skirmishes.
True enough. Trust me, if I had a few hundred million dollars sitting around, I'd raise some hell around here. I'm sure many of us would.
But yes, Steem is a hobby to a lot of us who are actually flagging. People take their payouts too seriously. I'd prefer it more if upvotes and downvotes happened frequently just like on Reddit.
I think this is what got me a bit irritated. That's all well and good, but (no offense) people like you don't know what it's like to lose six figures investing in this platform hoping to help a lot of others, plus obviously myself. And then you come preach about a few cents on some shitposts.
As for underlying changes, I'm no dev, so I don't care. Places like China are already banning people from accessing frontends. I think regulation will eventually creep into the space whether we like it or not.
Regulation is one way to deal with the problems, and that will inevitably come. I still say that even fingerprint scanning technology present on iPhones, once on every computer, could sign transactions etc. in a way that made sure you're you.
In addition, if Blocktrades' proposal of rerouting 20% author rewards go through, it would make it easier to flag down people. Unfortunately, who knows if that money doesn't end in his pocket. lol
That was one of the worst ideas I've read lately. They should take from some other category. Author rewards are already low enough as it is.
Well, Steem isn't the only place people lose 6 figures in investments. Some of us only keep Steem at a miniscule percentage (like <2%) of our total portfolio. Then, you have people with millions of SP who dropped 90% of their net worth (so they claim) into this platform alone.
Some of our bigger flaggers with 6-digit SPs have lost quite a bit, but they are just chugging along, trying to be more involved and make things better.
If they would increase curation rewards while they are at it, I think there could be some things to it. I mean, hell, you could always join Trevon's Back Scratchers lol
Yep, I never claimed to be a smart investor. It was stupid, but I was in love with the ideas behind Steemit and it is the only crypto I've ever used practically on a daily basis.
Yeah, the bigger the whale, the greater the loss. The difference is, they usually still have the money to buy groceries.
Why in God's Name have they still not increased curation rewards...
No idea....even bots would be more profitable if that happened.