Would be cooler if they didn't misrepresent themselves as saying they make no profit when they very clearly make curation rewards while simultaneously condemning Whaleshares as "vote buying" when we only release the whaleshare tokens through contests and rewarding people who have benefited the community and the beyondbit token as a means of creating funding for various crypto projects by giving them tokens to upvote their posts and only make curation rewards too. Furthermore, since our tokens are only released to minnows participating in contests as a means of helping the community instead of whatever posts are being promoted which is clearly an effort to maximize those curation rewards I find the remarks about being not for profit incredibly deceptive.
personally, I kind of hate the fact that promoted posts "burn" money. enough crypto is burned off already just by people losing their keys and such, so why "accelerate" the process. perhaps this made more sense when the annual inflation rate of STEEM was 100% or so annually.
I think I might appreciate the promoted feature more if at least those funds went towards perhaps some sort of community stake-weighted vote on how best to use the funds (projects, charitable efforts, etc). And by "happenstance", that's sort of what it seems whaleshares is trying to achieve! :)
I'm just reading this now - I am new to all of this crypto stuff as well as to steemit. What does the term "burn money" even mean? Trying to learn and constantly lost here :)
as if you would destroy a dollar bill by burning it, you destroy crypto by sending it to an address (in this case @null) where it's basically lost forever, and cannot be used by anyone else.
That is a completely new aspect of this world to me. Thank you for the explanation but I'm not sure I get the analogy.
Are you saying that @null will never spend it and so it is lost? Why will @null never spend it, or by what mechanism does he/she/it destroy it? How would that be different from someone who is just holding steem money of the various kinds without spending it to boost their power or whatever?
I'm not sure I understand how the money is created in the first place and this is another side to it. I really appreciate your replying. Thank you.
because @null doesn't actually exist as a user, any money sent there is forever inaccessible to anyone! And that's also my point, it's no different than someone just holding STEEM, EXCEPT that they can eventually choose to spend it. Unless they lose their keys, of course, at which point it's also as good as "burned" (ie. completely inaccessible forever, or until quantum computers figure out how to crack it)!
Regarding money creation, think of the STEEM blockchain as a new sort of "blockchain government". And how do governments create money? They "print" it into existence, out of "thin air". That's basically what the STEEM blockchain does as well. However, it is done very precisely according to a specific algorithm agreed upon by the community and the witnesses they support.
All new STEEM and SBD go into the reward pool and are delegated according to the rules of the system. So, unlike say the Federal Reserve, each of us actually has a say in how that newly printed crypto money will be distributed to the stakeholders in the community! How great is that?! :)
New steem is created every day and will be forever. Burning steem is just to put upword pressure on the price. When more is created, the value goes down, when more is burned, the value goes up. Of course, that is only the supply side of the equation. You have to factor in demand as well.
I like this !!!!!
I am celebrating 2002 followers and just gave 11000 SBD Back to @null and therefore to the community @edje
Just for a nice feeling to say thank you
WOW @RANDOWHALE EVEN HID MY REPLY BECAUSE IT IS TOO TRUE
REALY WORTH TO RESHOW IT AND THINK ABOUT WHY HE DID IT
HE PROBABLY DOWNVOTES THIS AS WELL!
All of randowhales SBD income goes to @randowhalefund and from there to @nextgencrypto and @cached to get then to bittrex an so on... this can all be seen in his wallets
and thats not even close to be a complete list
For the record, Whaleshares doesn't sell votes. We don't sell anything. We are a community and only release the whaleshares token through contests and by rewarding people who have helped us. Beyondbit was created purely to fund various projects and aren't "sold" or traded on the exchange by us either. The tokens that are traded on the exchange are ones people acquired through these means that chose to trade them. We believe in libertarian free-market capitalism so decided that they are free to do with them as they wish. All we get out of it is curation rewards so essentially it is a means of delegating curation while creating synergy between Steem and Bitshares, 2 similar blockchains with different use cases that we love. With that in mind, saying that this doesn't earn a profit when it will clearly make profit off curation rewards is also misleading. I see no problem delegating the curation of your SP to benefit the community as this is exactly what we are doing too and think this is a wonderful idea that might actually get people to use the promotion feature. Would have been nice if you didn't condemn us as "vote selling" when we have never sold a single token and promote yourself as "non profit" when you are earning the same curation rewards we are though.
The promote feature is not that great and is haphazard, you can spend 50 SBD and get nothing in return.
It was very difficult to tell exactly HOW the promote button helped your post.
It was underused because of the above two points.
This initiative now gives people a reason to use promote, plus there is direct correlation with their investment and the vote they get.
In its first incarnation, @randowhale was great, because 2 SBD, even at the lower end of the voting power, gave a good return. However now it seems unlikely that you will even get your 2 SBD back.
Anyway, I'm not against vote buying, but I am for fairness, and that's why I like this, is it is fair, and at the same time helps the overall system.
Yeah i just used 1 dollar and it was all i had and only got .35 cent... the randowhale is much better.. but its like sustainability you gotta make sacrifices..
I'm sure I'm not alone to believe that we need to reduce these exploits. And offering a better, more honest alternative could be a solution.
I don't know if I agree with your opinion on the good/evil that these vote selling bots present. I'm curious to know why it's any worse than any of the other things that happen surrounding whale accounts with large votes.
Why do you see these as a problem? How is it any different than whales voting for their friends constantly, huge curation trails, or gratuitous self voting?
At the moment I'm fairly indifferent on the morality of selling votes/voting power/delegation, and interested to see how the markets evolve. I however don't see anything worse happening now than in the past year.
Edit - Just to add a comment about this bot itself - glad to see the others getting more competition and you've got a nice twist. I do however think the post promotion system is somewhat worthless - and I doubt anyone even really reads it for the most part. Would love to see data on trending page views vs promoted page views.
I do however think the post promotion system is somewhat worthless - and I doubt anyone even really reads it for the most part. Would love to see data on trending page views vs promoted page views.
This is what I've been saying since the first time I saw Steemit. The promoted posts feature is a complete waste of money due to the current way it's setup. If they want anyone to put money into that, they need to figure out a way to get eyeballs on the promoted posts. You're better off running a Facebook ad to a post and having an outside monetization method on the post to make money from it then you are throwing away SBD on a promoted post here. Maybe if they made promoted posts as sticky posts in the trending section then you'd see people pumping more money into using it. Or make the default page after you click a tag go to the promoted section instead of trending.
I tend to agree with @jesta to be honest, but this really could work if you were to get a mega crap ton of steem power behind it. I'm willing to try it just to see how it plays out, and you do get the added bonus of being on the promoted page, but I think the attraction of the other bots is not only the instant return but that it is (potentially) worth it. I just promoted my post for 10sbd and got a (just barely over) $1.00 upvote from @promoted. There will likely be some residual votes from being on the promoted page, but that probably was me literally just burning my money. Most people (especially noobs who don't have anything to burn) are not gonna be into that. I'm curious to see how this progresses though, I think in general it's a good idea and a good thing for the platform.
It is unnecessary service that only exists because a hole in the system exists.
Hi mate, sorry that comment suggests a real ignorance of market mechanics. Voting bots exist and are incredibly successful because they are necessary ie because there is an incredible demand for them. The fact is, it is incredibly hard as a Minnow on Steemit, HF19 may have even made it worse as people sit on their VP now. For many people just starting out, the only way to get anything from a post is from a voting bot.
Having said that, I think people milking the voting bots for every drop by upvoting their own comments is a real problem. This is why we introduced the selfgoat on MinnowBooster. If you are upvoting your own comments, people are going to see a picture of a goat licking it's own ____ all over your comment section.
At the end of the day, a post can only get a single vote from any one bot. I think comment upvoting in general is a much bigger problem and drain on the rewards pool, and should be removed all together and replaced with a tipping system.
Either way, I think this bot from @fabien is a really cool idea and finally makes the Promotion feature actually worth using. We welcome the competition.
Full disclosure: I am a mod on MinnowBooster Discord server and have around 170 Steem invested in the project and 200SP out on delegation. I earn a daily slice of revenue from my invested Steem and daily dividend payments from my delegation.
Well said. I'm still not sure I'm concerned with people selling votes (it's probably the best incentive to power up I've seen to date...), but I understand where you're coming from.
Best of luck with the new bot and it'll be interesting to see how this all unfolds :)
I used these bots weeks ago, and I can tell you that I'm at the bottom i have a loss, do not waste your time and money making the rich richer. Thank you for this wonderful initiative, unfortunately there is no way to stop these bots unless some pretty influential whales take action. Yet steemit is a decentralized network and it is normal for people to provide such services, the only way to stop them if we do not buy these votes.
Awesome it is a very good idea from @fabien to improve the value of Steem in the long term.
However, I think the most important improvement is to give a custom vote close to each user's SBD burning. If someone is burning 4 SBD he or she deserves to receive an upvote close to that value. Calculating it is already possible and as long as SP pool allows it , that could be used.
............... you for real , is the 5th things like this i see today ... ! All of you pretend is non profit but when i told the last one go lend some more vote power he told me ,,,,is not profitable ! You are free to do whatever you want with your power ( USE IT , SELL IT , DONATED IT ) just dont try to get advantige making everyone else to look bad ....................
Hey there. Is there an issue with the bot? I've had 2 instances where I've burned at least $1 and gotten no vote from it. I just spent $1.297 and haven't received a vote for my most recent post after a few hours now. I'd appreciate any info you can give, I'm just genuinely curious if there's a specific time where the bot stops for a bit or anything like that. Thanks!
Great post, @heimindanger. But I don't really understand what you mean by: "Burning money". What happens when we pay to promote our content? I think it just goes to a user on Steemit which is called: Null
Just tried the promoted feature you have explained above and for one SBD....the post recieved about twenty-five cents.......not too good....what should bleujay do differently next time?
great work bro
although there 're few points to optimize to make it a killer concept to contribute to the ecosystem and economics while promoting content
the Maximum: 100 SBD burned => 100% upvote Minimum: 0.001 SBD burned => 0.01% upvote (rounding up) Very easy to understand I believe. part is not working in my pov.
There s a voting power issue considering the bot activity it could rapidely go to null and a 50%vote with 100%power could be more efficient than a 100%vote with no voting power left.
This model can definitely be improved
Delegators should have an incentive to delegate their power to @promoted
this incentive could be just a top-ranking list for delegators (fame), or even an economic incentive with shared curation rewards
Hello @fabien, I've tried the promoted button on two posts. The first time it worked but the second time it didn't do anything... I put in 10 steem dollar but nothing happened. I checked nulls account and saw that he received the money.. do you know what could have went wrong? I think I am not the only one with this problem though.. thanks in advance.
There shouldn't be bot voting and voting trails and steemvoter. Is this social media or robot media?
Manual voting and manual voting only is the way to fix the problem here.
I agree @vivacrownking, I'm so tired of everything being gamed on social "robot" media... I thought that was one of the reasons to create decentralized social media, to give the individual more freedom/an equal voice. I wonder whether it would be better to have every vote count as one vote equally, so it's less about who is voting and more about how many voted and in what time-frame (viral), using SMS verification to weed out multiple accounts, and some sort of algorithm to identify "voting networks" to limit groups of people from gaming the system on a consistent basis (a friend of mine belongs to a group who does this on Instagram). I think @heimendanger is doing good here and being transparent.
It's an interesting idea, I often promote my posts along with using @randowhale, so perhaps this will be a more affordable way to achieve the same effect since I'm only spending the money once, anyway best of luck.
Well, to be honest, I haven't used it in a while because they seem to have changed their algorithm. I used to always get between 20-50% votes which meant that I would always break even, and sometimes even make a few bucks, but recently I've only been getting <1% votes and thus stopped using it. So to answer your question it was the fact that I would almost always either break even or make a profit.
There is a need for queuing requests in a way that it doesn't exhaust the voting power below 50%. Yesterday it was around 20% and obviously it wouldn't satisfy people to use it over any other renting bot like randowhale. Also one user shouldn't be able to take away a lot of voting power for itself. Some suggestions so it wouldn't lose the competition with other bots :-)
If only the top promoted posts would get shuffled in to the trending tab - trending tab should start showing promoted posts every fifth spot. This is how other platforms handle it. Any opinions? Personally I never visit promoted.
The ratio could be always tweaked. And the monetization would be the main driver here also except everyone would benefit rather than just the company itself. We can't ask users to "please browse promoted for support" -let's be real.
For example dvery 10th spot could be reserved for top promoted posts in the trending feed. Wouldn't feel polluted. And they would be marked as promoted.
@heimindanger... Feeling absolutely ripped off right now.
Your post says
"Maximum: 10 SBD burned => 100% upvote" - or is this something you're changing as per a couple lines later?
I promoted for $10.
I got a 33% upvote according to: promoted upvote @badastroza/interesting-people-20-louis-castle-on-… (33.34%)
I see other user @raul3820 received a 50% upvote just two hours before. Why the discrepancy, and why such a massive drop in vote received compared to what your post says?
Surely a 100% upvote is a 100% upvote, not 33.34%?
Hey @heimindanger - so, when can we get an update on how the bot is actually working? As I'm pretty sure I've not had a 100% upvote once, despite twice sending $10 is.
The @promoted bot is behaving strangely :
first I burned 1SBD to promote a post and I've got 5% vote,
than I burned another 0.1SBD and the bot updated its vote to 0.5%, not 5.5%
Hi @heimindanger - where can I find more info about this bot and its current upvote rewards? I just promoted my latest post for 10SBD and received way, way less than what a 100% vote's value should be according to https://www.steemnow.com
Would be great to hear from whoever runs @promoted (is it @fabien?) on how we can get greater returns. I'm happy to delegate some SP to the bot as well, as I like what it's setting out to do.
I am concerned though - in the case where almost everyone is promoting their posts, does it not mean very little benefit for those using it? And a reduction of SBD if the @null account really is just a black hole for any transfers sent there getting eliminated from the Steemit economy.
Hi heimindanger,
I just read your excellent post from last month - would it be useful publicity for the cause if I cut and pasted/adding full credit to you and posting the story again?
This Is Definetly A Great Idea, Although It Doesn't Seem To Be Very Profitable At The Current Delegated Power @promoted Has But This Bot Works Wonders For The Community Because Not Only You Get (Currently %90 ROI) But You Promote Your Post To More Exposure And The Burnt Money Goes To The Reward Pool :), Which Are Things That @booster And @randowhale Don't Offer !!!
Strange, I followed the instructions and promoted for 1.000 SBD, and no bot upvoted me afterwards. Is this still working? have I lost 1 SBD like an idiot?
Ungreedy bot, that's cool! :-)
Would be cooler if they didn't misrepresent themselves as saying they make no profit when they very clearly make curation rewards while simultaneously condemning Whaleshares as "vote buying" when we only release the whaleshare tokens through contests and rewarding people who have benefited the community and the beyondbit token as a means of creating funding for various crypto projects by giving them tokens to upvote their posts and only make curation rewards too. Furthermore, since our tokens are only released to minnows participating in contests as a means of helping the community instead of whatever posts are being promoted which is clearly an effort to maximize those curation rewards I find the remarks about being not for profit incredibly deceptive.
personally, I kind of hate the fact that promoted posts "burn" money. enough crypto is burned off already just by people losing their keys and such, so why "accelerate" the process. perhaps this made more sense when the annual inflation rate of STEEM was 100% or so annually.
I think I might appreciate the promoted feature more if at least those funds went towards perhaps some sort of community stake-weighted vote on how best to use the funds (projects, charitable efforts, etc). And by "happenstance", that's sort of what it seems whaleshares is trying to achieve! :)
I'm just reading this now - I am new to all of this crypto stuff as well as to steemit. What does the term "burn money" even mean? Trying to learn and constantly lost here :)
as if you would destroy a dollar bill by burning it, you destroy crypto by sending it to an address (in this case @null) where it's basically lost forever, and cannot be used by anyone else.
That is a completely new aspect of this world to me. Thank you for the explanation but I'm not sure I get the analogy.
Are you saying that @null will never spend it and so it is lost? Why will @null never spend it, or by what mechanism does he/she/it destroy it? How would that be different from someone who is just holding steem money of the various kinds without spending it to boost their power or whatever?
I'm not sure I understand how the money is created in the first place and this is another side to it. I really appreciate your replying. Thank you.
because @null doesn't actually exist as a user, any money sent there is forever inaccessible to anyone! And that's also my point, it's no different than someone just holding STEEM, EXCEPT that they can eventually choose to spend it. Unless they lose their keys, of course, at which point it's also as good as "burned" (ie. completely inaccessible forever, or until quantum computers figure out how to crack it)!
Regarding money creation, think of the STEEM blockchain as a new sort of "blockchain government". And how do governments create money? They "print" it into existence, out of "thin air". That's basically what the STEEM blockchain does as well. However, it is done very precisely according to a specific algorithm agreed upon by the community and the witnesses they support.
All new STEEM and SBD go into the reward pool and are delegated according to the rules of the system. So, unlike say the Federal Reserve, each of us actually has a say in how that newly printed crypto money will be distributed to the stakeholders in the community! How great is that?! :)
And who is going to decide, where this money go ???
New steem is created every day and will be forever. Burning steem is just to put upword pressure on the price. When more is created, the value goes down, when more is burned, the value goes up. Of course, that is only the supply side of the equation. You have to factor in demand as well.
^this
Thanks very good post !!!!
Awesome Work!
Keep it up!!!
@cryptoinvestinfo
I like this !!!!!
I am celebrating 2002 followers and just gave 11000 SBD Back to @null and therefore to the community @edje
Just for a nice feeling to say thank you
You kind of missed the decimal point haha
it was 11 SBD :D
grüße aus Wien
Its great to see the vote bots diversifying and increasing competition in that space. A really interesting dynamic introduced by the last HF.
It will be interesting to see how this all pans out.
Wow very great project!
I think its a great way to help the rewards pool to recover and I kind of dont like the activity around @randowhale with his accounts @randowhalefund @berniesanders, @cached, @thecyclist, @yougotflagged, @danknugs, @nextgencrypto and @engagement because he is cashing out good.
Liked, commented and resteemed :)
Cry me a rivier.
WOW @RANDOWHALE EVEN HID MY REPLY BECAUSE IT IS TOO TRUE
this can all be seen in his wallets
REALY WORTH TO RESHOW IT AND THINK ABOUT WHY HE DID IT
HE PROBABLY DOWNVOTES THIS AS WELL!
All of randowhales SBD income goes to @randowhalefund and from there to @nextgencrypto and @cached to get then to bittrex an so on...
and thats not even close to be a complete list
WOW he ruined my reputation completely
I used to have a 34 REP and now I am down to 16!
Part of the problem, eh? Why is this? Because you didn't think of it first?
Also, just to note, your bot has had 0 effect on people using @randowhale. In fact, traffic has increased.
The fact that you call it an "exploit" is absolutely ridiculous and shows your blatant ignorance of how the platform works.
Again, you sound like you're just sore because you didn't come up with the idea and don't have the SP to support it. Your jealousy is not flattering.
^ Exactly
It's a great job..........
For the record, Whaleshares doesn't sell votes. We don't sell anything. We are a community and only release the whaleshares token through contests and by rewarding people who have helped us. Beyondbit was created purely to fund various projects and aren't "sold" or traded on the exchange by us either. The tokens that are traded on the exchange are ones people acquired through these means that chose to trade them. We believe in libertarian free-market capitalism so decided that they are free to do with them as they wish. All we get out of it is curation rewards so essentially it is a means of delegating curation while creating synergy between Steem and Bitshares, 2 similar blockchains with different use cases that we love. With that in mind, saying that this doesn't earn a profit when it will clearly make profit off curation rewards is also misleading. I see no problem delegating the curation of your SP to benefit the community as this is exactly what we are doing too and think this is a wonderful idea that might actually get people to use the promotion feature. Would have been nice if you didn't condemn us as "vote selling" when we have never sold a single token and promote yourself as "non profit" when you are earning the same curation rewards we are though.
Many good points here
Very, very good idea for 4 main reasons.
The promote feature is not that great and is haphazard, you can spend 50 SBD and get nothing in return.
It was very difficult to tell exactly HOW the promote button helped your post.
It was underused because of the above two points.
This initiative now gives people a reason to use promote, plus there is direct correlation with their investment and the vote they get.
In its first incarnation, @randowhale was great, because 2 SBD, even at the lower end of the voting power, gave a good return. However now it seems unlikely that you will even get your 2 SBD back.
Anyway, I'm not against vote buying, but I am for fairness, and that's why I like this, is it is fair, and at the same time helps the overall system.
Well done!
Cg
Yeah i just used 1 dollar and it was all i had and only got .35 cent... the randowhale is much better.. but its like sustainability you gotta make sacrifices..
I like your bot! I will start using promote feature now!
I don't know if I agree with your opinion on the good/evil that these vote selling bots present. I'm curious to know why it's any worse than any of the other things that happen surrounding whale accounts with large votes.
Why do you see these as a problem? How is it any different than whales voting for their friends constantly, huge curation trails, or gratuitous self voting?
At the moment I'm fairly indifferent on the morality of selling votes/voting power/delegation, and interested to see how the markets evolve. I however don't see anything worse happening now than in the past year.
Edit - Just to add a comment about this bot itself - glad to see the others getting more competition and you've got a nice twist. I do however think the post promotion system is somewhat worthless - and I doubt anyone even really reads it for the most part. Would love to see data on trending page views vs promoted page views.
This is what I've been saying since the first time I saw Steemit. The promoted posts feature is a complete waste of money due to the current way it's setup. If they want anyone to put money into that, they need to figure out a way to get eyeballs on the promoted posts. You're better off running a Facebook ad to a post and having an outside monetization method on the post to make money from it then you are throwing away SBD on a promoted post here. Maybe if they made promoted posts as sticky posts in the trending section then you'd see people pumping more money into using it. Or make the default page after you click a tag go to the promoted section instead of trending.
I tend to agree with @jesta to be honest, but this really could work if you were to get a mega crap ton of steem power behind it. I'm willing to try it just to see how it plays out, and you do get the added bonus of being on the promoted page, but I think the attraction of the other bots is not only the instant return but that it is (potentially) worth it. I just promoted my post for 10sbd and got a (just barely over) $1.00 upvote from @promoted. There will likely be some residual votes from being on the promoted page, but that probably was me literally just burning my money. Most people (especially noobs who don't have anything to burn) are not gonna be into that. I'm curious to see how this progresses though, I think in general it's a good idea and a good thing for the platform.
Hi mate, sorry that comment suggests a real ignorance of market mechanics. Voting bots exist and are incredibly successful because they are necessary ie because there is an incredible demand for them. The fact is, it is incredibly hard as a Minnow on Steemit, HF19 may have even made it worse as people sit on their VP now. For many people just starting out, the only way to get anything from a post is from a voting bot.
Having said that, I think people milking the voting bots for every drop by upvoting their own comments is a real problem. This is why we introduced the selfgoat on MinnowBooster. If you are upvoting your own comments, people are going to see a picture of a goat licking it's own ____ all over your comment section.
At the end of the day, a post can only get a single vote from any one bot. I think comment upvoting in general is a much bigger problem and drain on the rewards pool, and should be removed all together and replaced with a tipping system.
Either way, I think this bot from @fabien is a really cool idea and finally makes the Promotion feature actually worth using. We welcome the competition.
Full disclosure: I am a mod on MinnowBooster Discord server and have around 170 Steem invested in the project and 200SP out on delegation. I earn a daily slice of revenue from my invested Steem and daily dividend payments from my delegation.
Well said. I'm still not sure I'm concerned with people selling votes (it's probably the best incentive to power up I've seen to date...), but I understand where you're coming from.
Best of luck with the new bot and it'll be interesting to see how this all unfolds :)
I used these bots weeks ago, and I can tell you that I'm at the bottom i have a loss, do not waste your time and money making the rich richer. Thank you for this wonderful initiative, unfortunately there is no way to stop these bots unless some pretty influential whales take action. Yet steemit is a decentralized network and it is normal for people to provide such services, the only way to stop them if we do not buy these votes.
I used this now.. It's cool!! @heimindanger
Where upvotes from promouted bot?
https://steemit.com/@promoted
I made several translations, but 0 upvote!
Awesome it is a very good idea from @fabien to improve the value of Steem in the long term.
However, I think the most important improvement is to give a custom vote close to each user's SBD burning. If someone is burning 4 SBD he or she deserves to receive an upvote close to that value. Calculating it is already possible and as long as SP pool allows it , that could be used.
............... you for real , is the 5th things like this i see today ... ! All of you pretend is non profit but when i told the last one go lend some more vote power he told me ,,,,is not profitable ! You are free to do whatever you want with your power ( USE IT , SELL IT , DONATED IT ) just dont try to get advantige making everyone else to look bad ....................
Think you are right patelincho! SirKnight.
Thanks for stopping by my post @heimindanger. I came by and glad I did thanks for the info! @coffeedrinker51
Hey there. Is there an issue with the bot? I've had 2 instances where I've burned at least $1 and gotten no vote from it. I just spent $1.297 and haven't received a vote for my most recent post after a few hours now. I'd appreciate any info you can give, I'm just genuinely curious if there's a specific time where the bot stops for a bit or anything like that. Thanks!
Great post, @heimindanger. But I don't really understand what you mean by: "Burning money". What happens when we pay to promote our content? I think it just goes to a user on Steemit which is called: Null
@heimindanger What is the best amount to promoted, to get some result on promoting ? Thanks @coffeedrinker51
Thank you for posting @heimindanger.
Just tried the promoted feature you have explained above and for one SBD....the post recieved about twenty-five cents.......not too good....what should bleujay do differently next time?
great work bro
although there 're few points to optimize to make it a killer concept to contribute to the ecosystem and economics while promoting content
the
Maximum: 100 SBD burned => 100% upvote Minimum: 0.001 SBD burned => 0.01% upvote (rounding up) Very easy to understand I believe.part is not working in my pov.There s a voting power issue considering the bot activity it could rapidely go to null and a 50%vote with 100%power could be more efficient than a 100%vote with no voting power left.
This model can definitely be improved
Delegators should have an incentive to delegate their power to @promoted
this incentive could be just a top-ranking list for delegators (fame), or even an economic incentive with shared curation rewards
Yes that's fair, we will give curation reward back to SP delegators.
Hello @fabien, I've tried the promoted button on two posts. The first time it worked but the second time it didn't do anything... I put in 10 steem dollar but nothing happened. I checked nulls account and saw that he received the money.. do you know what could have went wrong? I think I am not the only one with this problem though.. thanks in advance.
There shouldn't be bot voting and voting trails and steemvoter. Is this social media or robot media?
Manual voting and manual voting only is the way to fix the problem here.
I agree @vivacrownking, I'm so tired of everything being gamed on social "robot" media... I thought that was one of the reasons to create decentralized social media, to give the individual more freedom/an equal voice. I wonder whether it would be better to have every vote count as one vote equally, so it's less about who is voting and more about how many voted and in what time-frame (viral), using SMS verification to weed out multiple accounts, and some sort of algorithm to identify "voting networks" to limit groups of people from gaming the system on a consistent basis (a friend of mine belongs to a group who does this on Instagram). I think @heimendanger is doing good here and being transparent.
That ain't gonna happen. I promise you that.
It's an interesting idea, I often promote my posts along with using @randowhale, so perhaps this will be a more affordable way to achieve the same effect since I'm only spending the money once, anyway best of luck.
Hi, I have no experience with randowhale, is the main attraction the lottery aspect of it or help in getting your post trending?
Well, to be honest, I haven't used it in a while because they seem to have changed their algorithm. I used to always get between 20-50% votes which meant that I would always break even, and sometimes even make a few bucks, but recently I've only been getting <1% votes and thus stopped using it. So to answer your question it was the fact that I would almost always either break even or make a profit.
Is it currently working now or planning to :)
I donated a SBD to the cause and also tried the promote feature for another SBD
What has happened with this bot? Still running?
It feels more fair, adds value to the idea of promoting post and simplifies it. I think it's a brilliant idea. Resteemed.
Good idea! I try
This bot is getting getting abused by @hrsagar and is totally drained. Check it out here:
There is a need for queuing requests in a way that it doesn't exhaust the voting power below 50%. Yesterday it was around 20% and obviously it wouldn't satisfy people to use it over any other renting bot like randowhale. Also one user shouldn't be able to take away a lot of voting power for itself. Some suggestions so it wouldn't lose the competition with other bots :-)
Hey I promoted my post with 10 sbd and only get 3 sbd upvoted, this is not fair vote
I have had the exact same problem a number of times. This bot really needs a lot more SP if it's going to be able to meet the demand...
This is the real altruistic bot guys. So glad I found it!!!
If only the top promoted posts would get shuffled in to the trending tab - trending tab should start showing promoted posts every fifth spot. This is how other platforms handle it. Any opinions? Personally I never visit promoted.
Everyone who recognizes the problem, just should browse the promoted tag from now on. It seems to be on the right thing to support from now on!
Innovative thinking, right there. Great suggestion, @igster!
The ratio could be always tweaked. And the monetization would be the main driver here also except everyone would benefit rather than just the company itself. We can't ask users to "please browse promoted for support" -let's be real.
For example dvery 10th spot could be reserved for top promoted posts in the trending feed. Wouldn't feel polluted. And they would be marked as promoted.
Let me try this badboy out 😬🙌🏼
There you go! @stackin
@heimindanger... Feeling absolutely ripped off right now.
Your post says
"Maximum: 10 SBD burned => 100% upvote" - or is this something you're changing as per a couple lines later?
I promoted for $10.
I got a 33% upvote according to:
promoted upvote @badastroza/interesting-people-20-louis-castle-on-… (33.34%)
I see other user @raul3820 received a 50% upvote just two hours before. Why the discrepancy, and why such a massive drop in vote received compared to what your post says?
Surely a 100% upvote is a 100% upvote, not 33.34%?
Hey @heimindanger - so, when can we get an update on how the bot is actually working? As I'm pretty sure I've not had a 100% upvote once, despite twice sending $10 is.
Here's my latest post
https://steemit.com/gaming/@badastroza/interesting-people-24-brian-fargo-and-scott-bennie-on-star-trek-the-25th-anniversary
Sounds like a good idea to me! I will be trying this out. Thanks!
Lol thanks for using my picture. Finally some fame! jk. Thanks for the notice though, that was kind of you
Great project I feel completely good about it @heimindanger
this is great !!! Why were you down voted !? 👍👍👍NEVER MIND ! I read and found out in the comments!
I use randowhale and booster a lot!
I promote anyway and just received this service. Thanks :)
The @promoted bot is behaving strangely :
first I burned 1SBD to promote a post and I've got 5% vote,
than I burned another 0.1SBD and the bot updated its vote to 0.5%, not 5.5%
Here are the transactions :
https://steemd.com/tx/47817e8d5e6082c859a96ace1ad4cbc7a15ab763 (first burn)
https://steemd.com/tx/9b150c34bb541283016c66fe3e911d22a34f8c43 (first vote)
https://steemd.com/tx/4661a8d174096853d09e065252a8fb012ed9354b (second burn)
https://steemd.com/tx/5bb73754e6bb28affac2ee5825bfc4f0b0bea358 (vote update)
is @promoted still valuable? the voting power is too low
Great post ... a lot of science that I get after I read this article ... greetings success.
Follow @nafazul
this really is great thing
Hi @heimindanger - where can I find more info about this bot and its current upvote rewards? I just promoted my latest post for 10SBD and received way, way less than what a 100% vote's value should be according to https://www.steemnow.com
When I check https://steemd.com/@badastroza, I see I only got a 33.34% upvote, so essentially running at a huge loss.
Would be great to hear from whoever runs @promoted (is it @fabien?) on how we can get greater returns. I'm happy to delegate some SP to the bot as well, as I like what it's setting out to do.
I am concerned though - in the case where almost everyone is promoting their posts, does it not mean very little benefit for those using it? And a reduction of SBD if the @null account really is just a black hole for any transfers sent there getting eliminated from the Steemit economy.
Thanks for explaining! :)
great idea i raise my hat for you:)
Thank you for alternative
Hi heimindanger,
I just read your excellent post from last month - would it be useful publicity for the cause if I cut and pasted/adding full credit to you and posting the story again?
thank you for excellent work!
Thank you heimindanger for your speedy reply ... is that a yes? or do mean no problem - not needed?
please clarify
all the best
Ok heimindanger thanks!
Is there a solution in the pipeline to your low steem power? - perhaps to be delegated steem by the whales or even @ned?
Haha ... have you asked? If you make the promoted category actually work I think they would be very interested in helping!
Thank you for all your work
keep well
This Is Definetly A Great Idea, Although It Doesn't Seem To Be Very Profitable At The Current Delegated Power @promoted Has But This Bot Works Wonders For The Community Because Not Only You Get (Currently %90 ROI) But You Promote Your Post To More Exposure And The Burnt Money Goes To The Reward Pool :), Which Are Things That @booster And @randowhale Don't Offer !!!
Strange, I followed the instructions and promoted for 1.000 SBD, and no bot upvoted me afterwards. Is this still working? have I lost 1 SBD like an idiot?
Will there be any tutorial on how to set the bot up for your own account?
Alright, I'll be on it! Is it fine if I write a step-by-step setting-up guide for dummies?
Apparently, this stopped working for some reason @heimindanger? Shame......I'll go back to using @randowhale then.
OK wanted to give this a go - as you promoted this it as some sort of community spirited initiative.
I just spent 2 SBD as an experiment - and it looks like I have been voted up a mere 50 cents worth? WTF??
Am I missing something or are you simply running a dodgy gambling bot like the others you claim to be more noble then heimindanger?
SirKnight.
Hello friend ! Good 😊 luck !
https://steemit.com/@nx4440
wow