What would happen if there was no self upvotes? Would the whales just make under table deals and vote for each other?
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What would happen if there was no self upvotes? Would the whales just make under table deals and vote for each other?
Exactly. The thing is people will always find loopholes to rig the system. It's up to the good guys to carry on. Gain their own steem power and do the right thing. What's good is that a hard fork is possible if what the bad guys doing is rampant and things has to be done to stop it, but these things take time and voting by the witnesses.
By raising the issue from our (minnows and newbies) perspective will help get the big tanks thinking. Obviously, the witnesses are more concerned people than we are and I hope to see solutions coming out soon.
I still find it hard for most whale to give a shit. It is human nature. Not that they are bad people. But we are minnows in a tank that they do not have to be involved in and they have their stuff to deal with between them and other big fish
If we keep doing things right, we will be whales someday. Let's be good whales.
I think whales would then try to cash in on curation rewards; something they can still do with small percentage votes. For example, if a whale upvotes and then resteems this post and it becomes viral, a fair share of the 25 % curation reward will go to him/her. Make it 5 posts a day and he or she can easily make $100-$500 a day literally.