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RE: Would Steemit be an appropriate platform for voting?

in #bittrex8 years ago

It'd be nice but I don't think so. Steem votes are stake-weighted, and accounts can be made for next to nothing. So by holding votes here you'd either choose to add coins at the whim of Steem whales or be vulnerable to sybil voting.

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Good points. With new coins, I'd look at it like an additional metric we can use to gauge user interest. Steemit would become another suggestion box and maybe drive some legitimate Steem account sign ups. With the proliferation of twitter bots spamming us and forums filled with trolls, it's difficult to gauge where true user demand for coins are.

Sybil voting is a great point!
Of course flip side of the coin is it certainly would increase STEEM account creation numbers, which could help STEEM marketing w/o necessarily lying LOL.
Maybe if STEEM implemented a VOTE ONLY for"Subscriber/Follower" type function,
then Bittrex could create a link for their registered users to subscribe directly onto Bittrex's STEEM profile; then Bitrex could set up individual coin-voting posts onto STEEM while letting their customer base vote in a somewhat locked and controlled environment.

I'd rather see the funds Steemit reserved for account creation (each new account is at the moment worth $7) be used for legitimate users and not someone who would register a bunch of non-contributor value-taking accounts to vote for coins to be added on an external exchange.

I agree with this. Steem works if there are real users, not shill accounts. I get enough spam on twitter. I'm not familiar with the Steem platform or community enough to know what the right answer is yet so this feedback is extremely valuable.
I may try it in a limited way on the coin suggestion post I made earlier today.