You are viewing a single comment's thread from:

RE: Meet Steem's #1 Author!

in #steemit7 years ago

@whatsup The 'disagreement on rewards' thing comes from the false idea of scarcity. People wouldn't care what others were earning if there was unlimited money to go around. The good news is that there is unlimited money, since the price of steem can increase indefinetely. Unfortunately the majority of users fail to grasp this concept.

Sort:  

You are so wrong, The price of Steem can go up infinitely high but not if more people do what you're doing. Not only are you sucking the LIMITED supply of new Steem from the pool reward, you are making the value of Steem go down because you do not promote good content.

I think there is a worse problem here which is censorship through flag abuse, because I believe in free speech. Why did you flag Roger Ver?

I noticed that transisto and his accounts promote core, other than that he seems like a nice guy

He can support core without abusing flags and engaging in censorship driving good people who love their mothers away from this platform. I'm kind of a free speech kind of man.....

Hi! Please let me know which article or comment. I believe everyone has right to free speech

He along with others flagged @rogerkver's last post for no reason. Now @rogerkver no longer posts.

This sucks then! I will try to promote bitcoin cash posts

Lol, I still don't get what you did, flag, vote and withdrawn, but I can't see what on steemd. Can you please say what was the order? Thank you in advance for the effort

I personally really don't care what you or mindhunter do with your stake.
Don't kid yourself that you are creating infinite resources here.
I bet the price of your votes would go down a bit if they were flagged.
If someone does care, they should just flag it and move on, we don't need all this "press"

Don't kid yourself that you are creating infinite resources here.

How do you expect steem to pay the millions more users in the future?

I bet the price of your votes would go down a bit if they were flagged.

Didn't get any of that, maybe too obvious?

If someone does care, they should just flag it and move on.

There are deeper implications that comes with the flag. I wrote a post about it recently https://steemit.com/moderation/@snowflake/the-last-missing-piece-of-the-steem-puzzle

I have to at least partially disagree that the idea of scarcity is false.

It's a fact of human life. There is only so much Steem. The more that is inflated to weak hands and sold, the less it's all worth.

The present amount of Steem is not unlimited, and rewards are based on extant supplies, not future theoretical supplies. There is a limited pool of rewards at the time of any payout, and those payouts are proportional to the weight of the votes applicable to them.

Thus, when @mindhunter and I are both being payedout at the same time, the amount of rewards I receive are less the more rewards he is payed. I am not jelly, and do not write in order to receive rewards, but many, many do, and since @mindhunter's rewards aren't based on curation, but on buying votes, this practice directly diminishes the rewards payed to others.

It isn't a false idea of scarcity that is fooling people. It is false to contend that, because Steem can continually be inflated, our current rewards aren't impacted by scams and schemes that draw from the rewards pool.