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RE: Now we are selling witness votes?

in #steem6 years ago

As the owner of @Booster and @Witnessvoter I am super biased, but please do not be sad, this is actually good news for the 600 witnesses standing in line hoping to be seen by investors/dolphins/whales that already have been pitched 2000 times on how everything will be better if we vote for them.

In the @WitnessVoter experiment we will find out stuff like:

  • What is the value of a witness vote worth?
  • What is the market willing to buy/sell its worth for?
  • Finding a Profit/Sharing model between witnesses and the investors who vote for them.
  • Finding and executing another passive income source for Investors/Holders of SteemPower.

You are right, @booster pioneered the bidbot market, the real value of a vote vs the market value of the vote has been and continues to be in favor of the users more than the providers, and as @witnessvoter pioneering the witness-vote market, I believe we will see something similar, a profit/split of 20/80 in favor of the witness. So if I vote for you and you make $2000 because of it, you give me $400 in kickback, that is fair, maybe too fair even. Maybe the market values things different, but what an interesting experiment we are undertaking at the moment. Let us not be scared of a business opportunity that is attractive for investors in a volatile cryptomarket. Remember, not everyone invest in STEEM to blog, network or be part of the community. Most investors are strictly business, so by opening up doors for them to come to us and stay with us can only be good for us.

Everything must be tested and strengthen, I think this is good for STEEM overall.

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This was my gut reaction too, I fought HARD to get the ~witnesses page to show ALL of us, and then ended up with the 100 wit compromise.

My very first remark was, this is not for the big guys, they won't even touch it, this is to get REAL witnesses above the frigging BoatyMcBoatWhatevers that don't do diddly shit and sit and hold spots....

Whatsup brought up some points I'm taking into consideration as well. I appreciate you responding and again, as I told Rodney(on this post too).

Who knows if good will come of this? Maybe it will.