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RE: The haejin effect

in #steem7 years ago

This is why Steemit is doomed.

Any system will be "gamed", or exploited. The current pace of Reward Pool ripoffs will only accelerate. I'd even argue that there are more bots than humans on the platform -- and the accounts that ARE controlled by a human are numerous for the purpose of maximizing returns.

It doesn't take a genius to see that even with Steemit's "gating" or capital controls that prevent instant cash-out, this is a feedback loop that will eventually overwhelm it entirely.

It isn't just this haejin guy, or any single one -- there's an entire constellation of grifters siphoning blood from Steemit's cooling corpse with no regard to long-term viability.

Welcome to the decline.

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Well stop giving them the straws.

I don't support them, I've even fought people that have ripped off content and parade it on this platform -- look at my next-to-last post in my blog. Its all there.

The ones giving straws are the Steemit developers, blithely ignoring all the problems until it is too late.