Hey guys, I am being downvoted by a guy with 80,000 Steempower. Just wanted to ask why??

in #downvote7 years ago (edited)

Thank you Demo for your responses!!

Everyone here please read this edited post. I have deleted my original content and instead am putting this comment here, as it briefly explains it all and why upvoting your own comments/spam is a bad thing. Thanks!

In my case I bought into steem with .4 BTC when it was around $1.50 or a little higher. I then used like .2 BTC worth of it to rent SP, and converted my other .2 BTC into my own Steempower.

My original math showed I would make a decent sized return of 15% to 20% if I upvoted myself(assuming I was at 100% voting power and did it at least 5 or 6 times every day). The issue I saw is that when the Steem price fell in half, I ended up going negative by 50% to 60%, with the only way of recovering most of my investment would be to upvote myself 10 to 11 times per day. I completely understand how this is a bad thing now though.

The thing I was unaware of was that there is a reward pool anw how I was draining it and giving to myself. I did know Steem miners or something was happening in the background to distribute the Steem/SBD(though I am unclear on where SBD comes from, maybe the creators of steemit).I was not versed on what a rewards pool was until I asked about why someone may be downvoting me. I feel like there is a lot more information that needs to be put out there to educate incoming Steemians. Had I understood this concept better I would not have been upvoting my own comments.

Now that I see the negative impact, because if anyone just continually upvotes themselves they can post garbage spam comments and make money while draining the reward pool. if the reward pool is drained our upvotes start to be worth a lot less. I think we would only get SBD in thay case and no Steempower reward, so your vote would be worth half...Which also eventually will turn Steemit into a spammy crappy place(I don't want that, I ran away from reddit due to that and bots/vote manipulation) because people can see others making money from spam. I feel like I have a lot better understanding now of why it is important to not upvote yourself at least on comments(but don't spam blog posts either), AND why it is important not to upvote spam people post.

Any thoughts you would be willing to add on the @randowhale and other upvoting things? Now that I have thought about all of the above, I am starting to think the randowhale thing might be bad too. I see a lot of people using it to vote on spam or anything you tell it to really(which removes curating and makes it into botting). Not sure how I feel about it now. Hmm.

Well at any rate, thank you!!

Sort:  

By the way, if you are paying an excessive amount to rent Steem on MinnowBooster, you can set the rate of Steem Power for Steem in the command. For example instead of sending 1 Steem with the command '4' which gives you an effective APR of 42%, over 4 weeks you could use the command '4 200', which would give you half the effective APR. Assuming @thecryptodrive doesn't remove the feature. The 200 is '200 Steem Power per Steem', the default is 100.

There are loads of whales willing to delegate so you would likely get twice the power for the same cost, and you don't have to worry as much about making the money back via self voting.

Edit: I've heard this feature was removed. Fixed prices only.

Hi Demo, I really appreciate your reply and insight on this. I think when I originally used minnowbooster I did not have the math quite down.

In my case I bought into steem with .4 BTC when it was around $1.50 or a little higher. I then used like .2 BTC worth of it to rent SP, and converted my other .2 BTC into my own Steempower.

My original math showed I would make a decent sized return of 15% to 20% if I upvoted myself(assuming I was at 100% voting power and did it at least 5 or 6 times every day). The issue I saw is that when the Steem price fell in half, I ended up going negative by 50% to 60%, with the only way of recovering most of my investment would be to upvote myself 10 to 11 times per day. I completely understand how this is a bad thing now though.

The thing I was unaware of was that there is a reward pool. I did know Steem miners or something was happening in the background to distribute the Steem/SBD(though I am unclear on where SBD comes from, maybe the creators of steemit). I was not versed on what a rewards pool was until I asked about why someone may be downvoting me. I feel like there is a lot more information that needs to be put out there to educate incoming Steemians. Had I understood this concept better I would not have been upvoting my own comments.

Now that I see the negative impact, because if anyone just continually upvotes themselves they can post garbage spam comments and make money. Which eventually will turn Steemit into a spammy crappy place(I don't want that, I ran away from reddit due to that and bots/vote manipulation) because people can see others making money from spam. I feel like I have a lot better understanding now of why it is important to not upvote yourself at least on comments(but don't spam blog posts either), AND why it is important not to upvote spam people post.

Any thoughts you would be willing to add on the @randowhale and other upvoting things? Now that I have thought about all of the above, I am starting to think the randowhale thing might be bad too. I see a lot of people using it to vote on spam or anything you tell it to really(which removes curating and makes it into botting). Not sure how I feel about it now. Hmm.

Well at any rate, thank you!!

I'm not a huge fan of vote selling. However it's impossible to prevent, so the best we can do is damage mitigation. If someone buys votes for quality posts (and usually they will), that's fine. If they buy votes to upvote crap, then I won't have any compunction about downvoting it.

What is crap?

Thanks for the info

Just wanted to say, thank you again for explaining this all to me. 10 months later and I have become a lot better of a Steemian :)

Do you know of a post that lists the "rent" whales?

I've been thinking about this for a while, but as I am already at dolphin level, I didn't think I was eligible for programs like MinnowBooster

thanks!

checking it out

thanks for heads up!

ya, dont flag back

see if he is on steem.chat, and ask him politley if he will listen to your reason for upvoting yourself

it's hard to fight back when you are the little guy

also see if you cant get the guy you rented the delegated SP from, and see if he would mediate

also stop upvoting your own comments at 100% for a while (posts should be OK) and see if he lays off

no easy answers here, especially with the focus on draining the reward pool

Yeah. I am going to use my rented steempower to help others now more than I was before. Was just trying to make some money back due to the huge hit on price :( but oh well hehe.

That does suck; I contemplated doing the same thing, but I was outbid on the auction

I'd still get in touch with the guy and see if there was a way to remove the flags, at least for your rep

if you do, be cool about it ;)

@truthforce, I am assuming from what you wrote, that you downvoted @demotruk first:

I originally downvoted two of his posts, because he even admitted the one was a repost from Reddit's Gallowboob, but I decided not to and I took them back.

If that is true, you went and hit a hornets nest, and now, feeling the result. I've only had good interactions with @demotruk.

Be wary of picking a fight on steemit.

Hi wakeupsheeps, I did not downvote him first, I see I made an unclear sentence and I will edit that. I did not mean to say I originally downvoted him as in I started it. He started downvoting me over 24 hours ago and I have no idea why he is targeting me.

I did this downvote 2 hours ago, and took it back. https://steemd.com/@truthforce

He downvoted me 13 times yesterday, more than 24 hours ago. https://steemd.com/@demotruk You may need to scroll through to find it. I see he downvotes a lot of people.

I would try and approach him in steem.chat, or reply to anything on his timeline and try to hash this out. I don't know him well, but @demotruk loves steemit and for the first time, found a social media platform that works for him. We all have to find a way to get along. Not great advice, I know.

Hmm. I asked a few people in discord, and someone said it might be because I was upvoting my own comments that it drains the reward pool. I am still new and not understanding the concept of the reward pool... hmm. May have to do some more research. In any event I sent him a wallet transfer of .001 steem with a message on it so hopefully I get a reply.

If I am doing something negative in terms of affecting a reward pool I had no idea. I thought I knew everything about SteemIt but this is a new term to me. :)

It's commonly acceptable to upvote your own posts. I do it with every one of mine. There is a big debate out there regarding upvoting your own comments.

Upvoting your own comments has some people up in arms. Ready to deploy bots to downvote this behavior. There is a common rewards pool and if you simply upvote your own material, and have a good chunk of steem power, you can make a good ROI on your investment and deplete the group pool.

That could easily be the reason for your situation. Nobody can tell anybody how to act on steemit, but they can downvote.

How can you tell if you've been downvoted?

If go to the end of your posts, before the comments, you can see the number of votes on your post. Click on upvote icon and you will see who voted. Most will have the plus sign next to the names, rarely you'll see a negative sign. It doesn't happen often, unless you're in a feud with someone or offended them. It will reduce your payout as well, determined by their vote power.

We all have to find a way to get along

very good advice; but we do need to see who abuses the system.

i'm not sure about the best way to fight abuse ( see what happned to @truthforce in this instance), but we need to know about it

I think I am probably an exception to the rule honestly. I see a lot of spammers lately. I think I will start to flag spam stuff now. When i first started here I didn't flag almost anyone because I didn't want to get into a fight with someone. But I think it is safe to say that the community would rally behind me if I am trying to improve steemit.

I would really suggest against flagging

  • your rep is low
  • your SP is going to be low after the delegation is over

People will retaliate, and unless you outgun them, it gets too messy

Moving on to the moral, not the practical, I would only police your own page for spam, not hunt it down all over Steemit

People really need to worry about themselves, their own page and their followers. Outside of that, it's out of their hands.

The fact that people feel it's their right to punish behavior, that is allowed on the platform seems a bit too righteous for me.

There are zero rules in place to protect you from situations like this. You need to reach out to him and solve this. Simple as that. Or open a new account and move assets to the new account. Two options.

Spam is like a car. I like that ONE CAR over there. You can call that car spam. You do not like that car. You might like this other car. But I might call the car you like spam. This is very subjective. Other people can upvote posts and comments that they say are great and not spam. But others may disagree and claim they are upvoting spam. Those first people can argue and say they are upvoting stuff they like.
.
For example, I can upvote Pro-Trump stuff. Other people might say that is spam. They may upvote Obama stuff and I might look at the anti-Trump stuff and call it spam. So, is it spam because I do not like it?

I honestly didn't know that you could downvote someone. I noticed the flag button but I've never even explored it, I just assumed it was for maybe flagging spam or something bad. There should be good reason for downvoting a post, not just because you disagree with something about it or something about the author.

I still don't even understand the payout system and the ins and outs of how to be productive or efficient on this site. Most of the steem/money I have here came from transferring btc and other crypto. I hate it for ya man, sounds like a bad situation. But at least it looks like you got some sound advice here in the comments! Good luck!

I do not flag people.

Good that you got this sorted out. I saw you in discord asking about this

Yea!! Demo is a great guy and helped me understand it all.

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REEEEEE normies, get ON my blokchain REEEEE

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His name was Seth Rich

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thanks for the info didn't even know you could rent sp.

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