Steemit Leaks #3: Selling Votes Is A Harsh Reality On Steemit And Done Under Wraps?
Was Ned's trust broken beyond repairs ? This was our point of discussion yesterday, in continuation to it let us focus on the topic of selling votes. See if it is a feasible option and if yes, how easy it is to sell votes.
We come across bidding bots where steemit users can bid with SBDs or Steem during a 2.4 hour window, at the end of 2.4 hours the votes are given out in accordance with the ratio of bids, this is the case where a witness or a bot developer leases SP through a contract.
Going back to @paulag's report on @ned's delegation we started digging further to see if there is a much bigger issue in hand. As we read data analysis of @paulag it was evident that @sweetsssj and @htliao were selling votes and this was supported by the data analysis report.
The below images also states the same,
Memos of transactions showed clearly the vote were sold for SBDs and when we look carefully further as explained by @paulag we see @sweetsssj also did the same,
The above image give a clear representation on transfer of SBDs and return of favor with upvotes.
We have read this and we have understood a possible case of vote selling.
Coming to the topic of today's discussion. A user wrote to us on further implications of vote selling,
As you all know both @sweetsssj and @htliao are known faces on steemit community and they have been around from a very long time. Their each and every posts used to rake in hundreds of dollars on steemit and they were regulars on trending page.
The question of interest is how were they able to sell their votes??
What was the basic criteria of return of investment (ROI) for people sending SBDs for upvotes. ??
Do we have a alternate platform where the bidding rules for upvotes were established? Is there a possibility of numerous fake accounts created and was there a much bigger conspiracy that needs to be addressed to clean the mess?
How did users come to know about these two users selling votes? Is there an alternate platform for conveying such information and giving out such illegal voting?
Did Ned come to know about all this and then undelegated his power?
We have many questions whose answers can shake the platform and solutions to which is required at the earliest, we certainly do not wish to see others following the suit and degrade the system further.
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I dont mean to discourage pushback against this kind of stuff - i agree with it. I am just not optimistic that it can be changed.
Also, whether or not you "trust" ned any more is irrelevant since the steem blockchain is decentralized - or, at least, semi-centralized around the witnesses. And the whales.
One way I could see a change happening is a wealthy person pouring millions into steem and throwing his steem delegation around in order to shake the system up. But that's probably not going to happen.
I completely understand your feelings and your statements, I respect that completely. I feel we can only bring about a change if we start accepting our mistakes. I sincerely hope more people start voicing their opinion by the virtue of which big players stand up and take notice for reviving the system based on mutual interests.
I am strongly optimistic about the change anyone can bring in, we just need to keep the focus constant!!
Best of luck!
But how did they get their customers and nobody did notice by that time?
Exactly!!! Thats the point!!! You got it right
Thank you! I thought I was dumb not to know the answer!😜
I'd like to hear what some of the accounts that are doing this have to say. Have you attempted to confront them with the information you have researched? The plot thickens.
Our job is to bring forward few issues which may need some clarity, to reassure everyone on this platform are working in the right direction and to create an amazing platform.... Confronting them is not the way we believe in
There are tons of weird things that go on here, but there are very few "rules", technically. If the blockchain algorithms allow it, there is no centralized place that outlaws anything.
I certainly see moral issues, but the problem is that they aren't really enforceable in any way.
in what way would this be illegal? not arguing just wondering
This was with ned's delegation and any ways selling votes is dangerous to the platform so may be this is a serious issue need to be looked into
I agree with you, don't get me wrong - i just think you just have to be careful when you are defining the issue. you use the word "illegal". Ileegal and dangerous/serious are two very different concepts.
The only way to truly fix this, is to disallow self-voting, run the Steemit platform on EOS when it is ready, and get millions of more "real" users, which will make it that much harder for these cheaters to game the system.
We can always discuss ways to correct few minor mistakes on this amazing platform
How could any of this be addressed? You want to hardfork the blockchain?
Bots, buying and selling votes, the founders having a very large % of steem because they mined it at the beginning when outsiders could not possibly do it, multiple accounts, endless spam with no consequences, self-upvoting for pure profit without any real contribution...i could go on and on.
There is TONS of corruption here, but it's essentially programmed into the system in a way that could only change with a widely adopted fork. Right?
Thanks for letting us know about the illegal selling of votes that are taking place. I have observed this earlier, in some of the blogs but I thought they achieved it because of their high ranking .I am quiet new here so its taking time to become aware of these things..thanks for sharing..
I am resteeming it.
I request you to bring forward such instances if you come across...
Yeah..sure...
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