You are viewing a single comment's thread from:

RE: @ned - are we on the verge of a Steemtrain wreck? Answer NO - BUT THERE ARE STILL VALID CONCERNS

in #steemit7 years ago

Capital gains? I mean, that's the traditional and time honored reason to invest in securities.

I realize that it's fiscally irresponsible to not self vote when significant income is at stake. However, self voting is antithetical to the purpose of Steemit, as stated in the white paper, which is to reward content creators for creating value in the platform.

I don't recall seeing anything in the white paper advocating milking the rewards pool for quick cash, at least not in a positive way. I do recall seeing manipulation of the rewards mechanism would cause user trust to suffer, and constituted a threat to Steemit.

So, is there a point to Steemit beyond self voting after you have a grip of SP, or does it just become a cash cow?