here. If you already understand SBD, SP and STEEM, there is not much more value for you in there.What part are you confused about @xmaas? If it is the actual monetary and rewards aspect, I recently summarised this for another user
What this debate is about, is users upvoting posts that are about to approach the 7 day point, where the author is rewarded. Authors are buying massive upvotes on these old posts, which has a positive ROI. They do this on old posts because:
- The post is dead and forgotten, so they hope to not get spotted
- The payout deadline is near, so there is less time for a whale to counter the bot vote with a flag
The effect the purchased upvotes have is increased payout for the author buying the vote. This in turn reduces the Steem rewards pool, thus taking a small amount of money away from all other users on the platform.
That cleared things up for me quite a bit. Thank you for this explanation. It really did help. It's not something I would do myself because it just doesn't seem right. If people want to see what I'm posting that's great, but if not that's ok too. The money is just a great bonus for me, I mean I need it, but there's not enough in my account yet to bother withdrawing. I mostly blog for my own amusement, sharing stories of my past and present. Some people enjoy them, others mostly ignore them. No big deal. I just enjoy the camaraderie on here. I would like to be able to have a couple thousand dollars to help my wife out with bills at some point. I won't stoop to buying votes though.
X