I'll make this short.
I WAS gonna make it short, but then it morphed a little!
Okay...lets go....
When you 'vote' with your own money (purchasing), you buy the product. Pretty obvious.
Sure, you can be duped suckered in by the marketing campaign (designer sunglasses are just soooo much better, and well worth the 600% of extra dollars that you choose to pay for them).
But that doesn't change anything.
Right there, and right then, you are purchasing the product.
Nothing more and nothing less.
When voting circles emerge, that dynamic is altered.
You are not voting on the product ... the post.
You are voting on the history and the relationship.
This is called cronyism and nepotism.
This is a corrupt system. One not based value for the product.
(and I thought we were forging a new paradigm, here on hive,...?...MMmmmmm)
This dynamic of purchasing something repeatedly from the same seller, happens in real life of course.
You return to the same supplier because you like their service, or product, and thus create a history.
What you don't do , is buy anything except the product at that precise point in time - You return as a customer and purchase the product.
(with circle jerking - and auto votes you pay for something else...history and not product).
Whether you ever return to a shop or not (to purchase), triggers the price discovery mechanism. Prices drop, increases or the product discontinues... simple.
Circle jerking and auto voting does away with this most fundamental of dynamics.
Purchasing history, is not the same as purchasing today's product.
But then again, distributing inflation via 'the rewards pool', is not a real function of a free market economy, either...
It is a function of the centralized banking system.
The powerful (bankers, or DPOS), decides who gets what.
That's all sounds a little bit weird, doesn't it it?
If you consider that the model sold here, is one of decentralization (the Hive ecosystem), yet the very real, every day function, is actually one much closer to the one already carried out everyday, by the current central banking system...
The biggest stakeholders of the institutions decide who gets what ...of the inflation (fiat money printing, or hive inflation)
MMmmmm....
A quick diversion...
Obviously, the DPOS system is a far superior model to a free market system.... - you know, the one that's worked perfectly for millennia.
Psst - ^^^^that^^^^ was sarcasm, if you never got it.
I'm not clever enough to design an economic model superior to one that natures built up over millions of years.
It's always been about supply and demand and free markets - no matter the organism.
Do you think anyone is clever enough?
Not including the commie's. They all seem to think that they are.
....even though they follow a parasite who never worked a day in his life, lived off the very system he said was evil. He also screwed his housekeeper, (getting her preggers) before kicking her out , destitute.
So forgive me if I see people who listen to a snake oil salesman charlatan (and think he's such a genius, they actually refer to his 'wisdom') and THEN, they feel that they have the intelligence to change a system that is....the way nature constructed it.
If they don't posses the basic common sense and intellect to see through a fraud , then why the fuck would you hold them in high regard - and listen to them when if it's concerning the managing of something with the multi faceted complexity of an economic system!
FFS.
The mind boggles...
Ok, back from the diversion....
Do you think its even possible to accept the possibility that the system of DPOS is so fundamentally flawed, that the 'stupid normies' might actually have it sussed, and see through the system as a flawed one?
Can you even entertain the possibility that because the system is not a free market dynamic one, that it makes it an unattractive proposition to those stupid fuckers who 'just don't get it?
DOES YOUR EGO EVEN ALLOW YOU TO ENTERTAIN THE POSSIBILITY, THAT YOU ARE SERIOUSLY FUCKING WRONG?
p.s. - I have solutions, but, in the spirit of real free markets, it'll cost...
I use SBI, so I'll throw in a counter argument specific to SBI
And for automatic voting
this is a point you raise
Yes, which I don't personally consider a bad thing. social media depends on relationships and networks. there is really too much clutter on the platform for any given newbie to profit from good posts which get lost in the chaff.
your point on this subject becomes a bit more pointed for long term contributors that don't build networks. I am somewhat in this boat, but not completely.
your greater point, if I understand correctly, is that the use of circle voting and autovoting (I'm not arguing for vote buying outside the context I noted) drains the reward pool.
How do we raise the reward pool? by raising the value of HIVE
people need a reason to invest in HP or a reason to contribute in the hopes of reward before the value of HIVE raises.
so vote buying as a generality is bad for the reasons you state, but the use of the vote buying variant (that I do use), and the use of auto-voting (which I also use), does have a purpose that is beneficial to the platform
Hive , a place where bee's live . When the honey storage is full , someone will collect it to put it on his toast .
It happened to steemit , it is happening to Hive . Bee's have a big ego and a tiny brain , if angered they sting you and die .
I am off , gonna poke with a stick in an anthill , cause i like to see those commie ants panic and run like crazy ;-)