if you are ok with no downvotes you are ok with this account https://steempeak.com/@indicate just scroll a bit and look at the comments.
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if you are ok with no downvotes you are ok with this account https://steempeak.com/@indicate just scroll a bit and look at the comments.
I have absolutely no problem with self-voting and you really should not either. Do the math and you'll realize why I say that. Ultimately Steem was designed to reward in SBD not STEEM in a healthy economy, and SBD rewards is greatly related to supply/demand of STEEM.
Buying a bunch of STEEM to stake for self-voting may be "selfish" but it is still demand that shrinks the overall supply. It would take over a decade for someone to self-vote themselves an equal amount of STEEM than they had to buy to self-vote. That means these selfish voters are paying us all in advance for the privilege.
However, the solution to self-vote "abuse" if one decides to call it that never was downvotes. The best and most effective tool for this "abuse" was the payout threshold put in HF22. The payout threshold did a lot against self-votes. Now it really required the community's collective stake to reward at a good rate, since self-voting rarely got past the payout threshold and would be cut in half.
Don't believe me? I know, I sound like a terrible heretic saying this, but the argument that all that self-voting is bad for Steem because it reduces the quality of content is wrong when you look at the numbers. Since HF22 is Steem more popular online? Nope, its less popular. Because what really draws crowds to Steem is that SBD $$$ number looking big next to everybody's posts.
Like it or not, people staking to self-vote actually increase that number and that can lead to talented content producers coming to Steem to get some of those big SBD $$$ numbers. The self-voters and the bid bots were blamed for Steem's lack of progress, but that's all bullshit. The reason Steem never went anywhere was that nobody worked hard enough at promoting Steem.
100%
but you are going on this from a point that he is losing his stake by self voting. because if he bought steem 6 months ago, self voted full for 6 months and sold yesterday he would have money invested + money from self voting. can't currently load his page to see who much he invested and how much he extracted from rewards.
His initial "investment" would be less worth only if shit like today happen, or everything crashes, or we all start to bot autovote ourselves. As long there is small % of people doing it, they profit and we are the fools for letting them do it. And yes i do agree that HF22 was a good thing to make it less effective. But again, all he has to do is set up bots and set autovote.
could be that self voting is even less effective in the healthy economy. I was getting almost nothing when SBD was really active, and we are in no SBD theritory for a long time, so i can admit i never did a real research of how all that would work.