Bigger rewards while the price crashes because everyone sees it as a pay yourself scheme not much different than all other ponzi schemes? Buying steem just to vote on yourself is hinged on the end goal, which is to eventually cash out and return a profit, correct? If steem did not have curation rewards then this platform would have imploded long ago as surely no one would have invested, as you observed, simply to give others rewards. The same for downvoting, without it, this place would have become a prisoner dilemma in no time, where despite the curation rewards no one would risk voting for anyone else. The only way for this platform to succeed is by utilizing the mechanisms to encourage others to power up what they are rewarded and to invest by buying steem. If everyone were simply paying themselves, surely you can see that it wouldn't be sustainable, much like if everyone only voted for themselves, because none of that encourages anyone to power up or to invest. That's why the proposal is in place, that's why downvoting exists, that's why curation rewards are so important.
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you are just wrong, no matter what you do with your click the coins will eventually get cashed out by somebody, cause thats the game btw it's called make money and imagine bitcoin changing there white paper shit to say well next week were gonna have 42 million coins , what do you think be the investors reaction would be. The whales are not only to lazy to be good authors most are not and even more lazy to curate they really want money for doing nothing this is really not good cause reduced authors rewards will mean less content , less content means less user engagement But you seem to THINK you know it all but just dont know how to count LOL :)))
imagine what my two bitcoins would have gotten me then hmm every time they play with the voting nothing gets achieved and the coin gets dumped you wanna know why i tell you why because in the boardroom meetings all over this planet of the really big firms they hear dissension bad stuff reviews anger down voting with so much choice you wanna put your money there. please stop looking back you can't see where your going.
How is rewarding yourself any different than staking which is offered on many (much more successful) cryptocurrencies? Do you not believe staking encourages holding (powering up)?
I put thousands of my hard earned dollars into steem power as a gamble that the price will go up and I get some nice residual income coming in... how can that be so frowned upon... Dash masternodes require locking up dash to earn money so why not lock up steem for self voting?
Because we are not just straight proof-of-stake.
The reward pool has a network and, if there is no sort of value being added to the network, it makes the rationale to participate much less compelling.
When I say value, I mean knowledge, art, music, humor etc etc.
The "stake and take" mentality is a slap in the face of every one of the users that strive to do the above.
It cheapens their labor will the lazy stack coins... Coins that will degrade in value as inflation continues while the pool of those willing to buy those coins diminishes.
I used this same analogy on another comment.
Would a moth be attracted to the lamp lest there be a light? Be the light.
I put thousands of dollars into steem just to get #bitchslapped every day here! Don't complain, you got it good here!
You should probably stop downvoting people then
Self voted to offset retards downvoting me
This is unsustainable! Get off you're high horse!
Me and poor Joe can't even be seen!
Only if people aren't selling that inflation at lower prices, right? Just wasn't sure on your meaning. Thanks!
See what your problem is.
15% of 8.396% Inflation = 1.259% NOT 12% ...
I was wondering who was going to point that out to him.
If even less than .01% of these votes went to me I could be visible! It is a sham!
