SBD Potato Day 51: Potato Police!
Potato Self-Policing the Trending Page
Many of you will love this picture after seeing Mr Potato Head so often on trending, Some user are right in saying the project is paved with good intentions but is clogging up the trending page, we can understand that and will see what can be done. The idea is to get the posts automated in the next week or so and cap the max post earning to say $35 and issue 2 to 3 posts per day which stay below the top of trending, until then @sbdpotato will continue to post as is but will dial back on posting every second day instead.
The ideal solution is if @sbdpotato was funded via the SPS (Steem DAO) because then the trending page wouldn't be affected at all. Please vote for this proposal so we can rely less on the trending page for the @sbdpotato project: https://steemit.com/sbdpotato/@thecryptodrive/no-brainer-sbd-potato-top-up-proposal
It will also be great when communities are live because then such posts won't interfere with other communities. It is exactly this that shows the dire need for communities on Steem.
Conversion Report
Now automated at 10-minute intervals, if there is STEEM present in the account the bot will sell it on the internal market for SBD at a max rate of 300 STEEM per cron interval, this rate can be adjusted in Config Vars.
Thereafter, all available SBD is placed into conversion automatically.
The code repository can be seen on this Github link.
If you would like to see the code in action, donate STEEM directly to @sbdpotato and watch the bot do its thing on https://steemd.com/@sbdpotato.
Feel free to follow the conversion progress via the links below:
Conversions in progress (API): 1746.848 SBD
Total conversions since inception (API): 9961.853 SBD
Vote for this post to help fix the Steem Dollar Peg!
In case you missed it; here is THE LINK to the intro post about @sbdpotato.
TLDR, you vote for @sbdpotato's daily posts and the rewards @sbdpotato earns will be used to purchase SBD on the internal market, convert it to STEEM (reducing the SBD supply) and then the converted STEEM will be used in a circular fashion to purchase more SBD - Rinse Repeat! That's basically it!
Today's SBD Price (Spot): 0.594 USD
Current Debt Ratio: 15.87%
Target Debt Ratio: 9.90%
What do you get out of supporting @sbdpotato?
Well firstly by voting this post you will be helping fix SBD to get it pegged to 1 USD again as it was meant to, this could also help bring the STEEM price up with it. There is a theory that the two are circular, a strong SBD gives support to healthier STEEM prices, perhaps due to positive sentiment in the network.
In addition to doing your part to improve the economy of the Steem network, you will also earn SP curation rewards from voting the post that hopefully get decent traction.
You can set the @sbdpotato account on autovote using a service like beta.steemvoter, by creating a stream to autovote the @sbdpotato account at around 4 or 5 minutes as per the screenshot below. There are also other autovoter services you can use if you prefer.
Conclusion and Disclaimer
All images used a royalty-free, courtesy of pixabay.com.
As custodian of this project I, @thecryptodrive, will not derive any monetary value therefrom and undertake this under my duty as Steem consensus witness and ambassador.
When the @sbdpotato funds are no longer required to support the peg, they will be sent to @steem.dao where the community can then decide what they should be used for.
I hope the Steem community will embrace this idea of supporting the SBD peg by voting the @sbdpotato posts regularly, alone we are powerless, together we can bring about change.
Sponsors
If you would like to have your banner featured on the daily posts, simply upload your banner in our comments sections and pledge to vote for @sbdpotato daily and/or include @sbdpotato as a beneficiary of your own posts!
Additional Comment #1
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Additional Comment #2
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Additional Comment #3
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Steemit should have some build-in functionality to hide posts or not display them on the trending (like "spam" tag or something).
I think they look terrible on trending also, but on the other hand they are true reflection of the current state of affairs so I have mixed feelings. Seems almost dishonest to hide them
Yep! @burnpost and this one are ideal candidates for #donttrend
How do you keep milkers and scammers from using it to minimize the visibility of what they are doing? There is already a problem with people hiding milking in comments, and creating a ton of work for people trying to track that down and keep on top of it (generally unpaid or minimally-paid work at that). Do you really want to give them another tool?
FWIW my recollection was that the experimental tag used by @burnpost was once hidden (which was why I originally used it for @burnpost). I don't recall when it changed, but I'm really not sure it is a good idea.
Decentralized systems require us to think about not only how features can be used but also how they can be abused. Easily abused features need to be reworked, removed, or countered with some other offsetting benefit for the "good guys".
Finally, it may be ugly that these posts have visibility but is it "bad"? I personally think both projects are a benefit to Steem (sure not everyone agrees, and they should vote accordingly). In the case of @burnpost, when it had just a few whales supporting it, the rewards were generally around $20. As it started to get visibility, it also got more support, as more Steem voters saw the initiative and decided to support it. There is now a lot more burning happening as a result. Is that a bad thing? I don't think so, and neither do the voters who have joined in supporting it.
Cosmetics matter, but they aren't the only thing that matters.
Hi @smooth
Firstly, I support and vote on both projects and have no problem with them earning visibility.
Had I not been getting off the bus this morning I would have mentioned the risk of users hiding posts from trending to escape peer review, that’s a fair point but easily solvable with a show/hide ‘hidden’ - same functionality as is in place for Resteems.
To some crypto educated newcomers, seeing a community burning its tokens could be a seen as a positive, but I get the feeling that most new visitors to steemit.com would be rather clueless to this ‘less attractive’ content.
Wishing you a good new year.
IMO there should be another welcome page that isn't a trending-type page that is based on votes.
I agree with you that for new visitors seeing the most voted content is not the most appealing content, nor is it ever likely to be a good variety that shows the broad range of what Steem has to offer.
Especially so for not-logged-in users who can't vote (up or down) on the content anyway.
Happy new year to you as well!
We could name a 100 things that we would want different but in the end we have to deal with what we have now and what we have now is 6-7 potato/burnpost trending posts.
You could claim those posts have value since people are voting them but there is no escaping that they are shitposts and whenever someone comes here they see those shitposts.
People that agree with my stance are in the overwhelming majority in numbers yet in minority stake. (Dig through the posts on this topic)
Stake does trump numbers here which is why everyone is trying to appeal to common sense of those running these projects.
This isnt a good look for Steem and another thing to consider is the creators that see towards what the rewards are going. This isnt encouraging anyone to remain here but rather killing motivation.
Im not saying we should be bound by what others feel and think but if youre a big stake holder you probably should consider it and weigh the pros vs cons when doing burnpost/sbdpotato type projects.
There was this dapp on Steem that was like quora. They had placeholder posts for their comments.
Why not stop making these Burnpost posts and simply vote comments, 10 of them a day at lower values?
Based on what? Speed of production?
The experiment is of interest to me and that’s why I vote the posts.
I for one would (and do) forget to vote these comments, and at present, these comments also appear in Trending.
Based on repetition of the same post content where 3-4 of the exact same post takes up trending spots. Based on low effort of the presented content. Based on justifiable assumptions of what those coming to steem will think seeing sbdpotato and burnpost taking the majority of the trending spots.
Comments wont appear if you spread the votes over multiple comments.
Use steemvoter if you cant remember to vote comments.
hey man, since you have an interest on this experiment, how about we start discussing with actual facts and knowledge, and not "guessing" if this could work or not.
Feel free to read what i wrote about the basic economic reason why this won't work:
https://steempeak.com/sbdpotato/@phgnomo/law-of-supply-and-demand-definition-and-explanation-or-why-the-sbdpotato-experiment-just-won-t-work
There is also a lot of other negative implications (besides trending pollution) than can come from this, and i am just doing a bit more research about it before writing about it.
Burnpost comments have about the same value as the posts usually (not always, sometimes they are somewhat lower), and comments still show up on trending.
I mean, make more of them. VP is limited, comments (realistically) arent.
By adding a button "show hidden" ;)
Seriously, steemit lacks so many functionalities that it's hard to believe. So happy that we have steempeak.
Annnd, problem solved.
Okay let's think this through.
One of two things is going to happen:
Also, you can use the mute button if you want to stop seeing this, right?
Those of us logged in and complaining about content from this accounts need to find the mute button.
I thought those concerns over the content were worried how it looks to the outside?
Precisely, for people who visit for the first time with no cookies and hit trending. People will mute and filter after they are already logged in if they have a modicum of technical ability.
The idea of a tag or similar feature that hides from not-logged-in users seems fine to me, probably a good idea.
That sounds ideal and also quite simple to implement. A Steem centric post, although I don’t think the topic should be out of bounds, could be hidden by an author aware the post holds little value outside - I’m not sure how many users are at this level of awareness/care though.
I was down voted and sent a threatening message for voting @sbdpotato posts. Interesting times!
Would you be able to tell us the relationship between @sbdpotato and @sbd.bank?
Noticed multiple transfers but it does not seem to be explained or stated that sbdpotato converted SP would be used to sell delegations.
Is this a partnership? If so, it may be responsible for transparency sake to mention it.
I think is one-way support. On @bank.sbd they say that the rewards from the posts go as shares to @sbdpotato
@cardboard can explain it better.
Also, if you are supporting @sbdpotato please reconsider my friend. I started writing some arguments of why this won't have any real effect. Feel free to check it out.
I don't support it and think I share your sentiment about this sort of thing being manipulative of the market.
It's especially not good imo for this sort of behavior to be exhibited on Trending and could very well turn people off to Steem.
Not as much concerned about the alleged economic implications of the activity as I am the ethical aspect.
Anyways, I perused your post but didn't get all the way through it yet. It seems very thoughtful so I plan to do that.
Nice to hear there is way more people thinking beyond the surface about this matter than I thought!
Stupid question: I’ve been upvoting @sbdpotato posts and comments fairly regularly, usually at 100% with 7k effective SP. But when I check SteemWorld for pending curation rewards, none of my votes for @sbdpotato are displayed. How’s that even possible?
Edited: never mind, issue resolved.
Oh i love this!
Thanks for listening - nice post & upvoted!
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How about we start having some real talk about the efficiency of this?
Here, let me start:
https://esteem.app/sbdpotato/@phgnomo/law-of-supply-and-demand-definition-and-explanation-or-why-the-sbdpotato-experiment-just-won-t-work