RE: Regulation has nothing to do with crypto being down. Here's the real reason.
My witness comment was tongue and check but fairly serious. So if you are a minnow you are not getting much visibility on posts. But the whales get all the exposure regardless of the content they post. They can post something worthless and still be rewarded hundreds. These whales see the problem and the seem to take advantage of it but selling votes to minnows who will never get their posts notificed without buying votes. You with me so far? Now, these same people want to be elected Witnesses for the platform which gives them more power, money and control. They will send you a post vote once you pay them, then you will receive a a thank you note along with a message asking you to vote for them as one of your 30 Witness votes from them on the blockchain containing 0.001 SBD. In my opinion, minnows should be selling them a witness vote because nothing is free on this site. They aren’t voting for your post without you giving them money via bid bot service do why shouldn’t minnows be compensated if they want the one thing you have: your witness vote? Make sense?
I will go into regulation in another post.
Yeah true. I wonder whether there are other ways that we can make this whales more responsible about their activity and posts on this platform !?
Doubt it. Doesn’t seem like they care about the platform long term. If it wasn’t all about money and power they would spend their time engaging with new users not selling votes for steem to new users. They can’t upvote new user posts and protect their turf at the same time. It’s a fuck up situation to see first hand. If steem thinks SMT will catch on they better take a good honest look in the mirror because you can’t grow if whales abuse their power like they do on here. Or are the building SMT for whales. They are looking for whale businesses to emerge and could care less about new users. I’m a new user but it didn’t take me long to see what’s going on here. Its sad to see that this site runs almost entirely on greed.