I think right now there is just too strong of a case of stealth self-vote abuse
Please present your full case. This platform is riddled with 'I thinks'!! Even if it was self-voting it's not abuse. Those who sow on this platform are entitled to reap. They have invested heavily in the platform, so who are you to judge them?
Reward pool rape and the TRUE abuse of Steemit is where whales Power Down and load 100K+ Steem onto the market. I think your 'I thinks' would be better targeted at them - IMHO.
BTW I'd be interested in learning more about how Steem is anywhere near "Socialist" and how Steem is a democracy. Would definitely reward one of your post trying to explain that.
P.S. Hey @transisto, can you take me off your @newflash Steemvoter? - it's still downvoting me -5% on some posts. Many thanks :)
I'd say Steemit is a progressive libertarian platform with elements of the hard left and the hard right in its outer fringes. Call me an alt-progressive - but don't ask me to explain that! 😛
It is self voting then? In other words, do you control those accounts?Just read @snowflake 's comment, never mind 😅"Reward pool rape" is generally held to mean exactly what @transisto is accusing you of here - collusive voting taking large rewards. What you're talking about is just dumping.
The reward pool rape is a misconception based on a flawed assumption that rewards in the pool are scarce and finite.
Your voting power allows you to use a certain portion of that pool, it's basically 1SP = 1RPP ( reward pool portion) there is no 'rape' and there is no 'taking large rewards', your rewards are pre determined by the amount of steem power that you have.
The real people raping the reward pool are those dumping steem on the market not allowing the reward pool to grow in value.
That would only be the case if every account voted once in a certain time period with the same weight. But that obviously isn't the case.
The reward pool is finite, it is precisely calculated, you can get this number from the blockchain. I calculate it regularly in my calculations. It is given by the following formula:
reward_pool = reward_balance / recent_claims, wherereward_balanceandrecent_claimsare available values from the Steem API.You can see it here at @penguinpablo 's SteemNow calc (explanation) and read about the reward pool (also by him) here. TLDR; it's about 48,029.695 a day (depending on a few factors).
The more that large stakeholders vote, the more they use because rewards are proportional to the total vote reward shares (
rsharesin the code) which are currently pending (i.e. before payout).So this is what is meant by reward pool rape. Problematic term but widely used none the less.
If you knew this already I do not mean to be patronizing, just exact and clear.
This is all not to say that people dumping steem is bad for the price, which effects the market value for the rewards and thus reward pool, it's just a different thing.
I meant to say everyone has the same reward potential relative to their steem power.
The reward pool's value isn't.
I have shown that it is, as long as it continues to be used. It is bounded.