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RE: @ura-soul Witness Application - Creator of SteemOcean.com

in #witness-category • 7 years ago

Thanks. I appreciate the thorough explanation. I think if the market wants to see cats and pay 200 dollars a post to do so, then so be it. I cannot and do not favor synthetic change as far as the market is concerned, for better of for worse, as the market corrects itself, in the absence of intervention, and in the case of the 200-dollar cats overtaking the place, the market would either get sick of it, and demand for new, quality posts would arise...or the market would leave, and the site would die, which is a disincentive for all investors.

Anyway, I can support you as a witness as long as the bedrock is non-intervention in the sense that cat pictures are not put under attack in the interest of "fairness." :)

7 years ago in #witness-category by
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     7 years ago 

    You are welcome. I just noticed that I mis-typed a paragraph in there which i have corrected now:

    I do have some problems with capitalism as it stands, since I can't fail to notice that nearly all of the world's wealth is in the hands of a tiny minority - while other people die of hunger - this too is out of balance and needs to be corrected.

    on the subject of the diamond cat problem:

    in the case of the 200-dollar cats overtaking the place, the market would either get sick of it, and demand for new, quality posts would arise...or the market would leave, and the site would die, which is a disincentive for all investors.

    The problem I am pointing to is not an issue where the market (steemit users) really DO want to see such things, but to the problem where those with the most money simply post any old crap and vote each other up on it just to drain the post payout pool. From a strictly 'financial only' approach, it makes sense for them to do that, but it is also anti-social and against the entire design of steemit which is intended to provide a space for 'proof of brain' to be the deciding factor (according to the whitepaper etc.). The market could die in such a situation and, indeed, I know of many people who left steemit never to return because of this exact problem (which was worse in the past than it is today). Some of those who do these things really don't care about whether the market dies or not and it is quite possible that some of them specifically want the market to die - what if Marc Zuckerberg suddenly decides to swamp Steemit with pictures of things no-one wants to see and they full up the trending list? Great for him, not great for Steemit.

    It takes some kind of action to prevent what many would see as abuses of the system and generally it appears to be possible for the community to take action through posts and organisation against these problems and to stop them to some extent - so if that kind of action is appropriate then that's what I might help out with - rather than attempting to support some kind of code change. I have already done that with craig grant, for example, after it was exposed that he works directly with African scammers to get his 'magic money', with which he then bought steem with and drained the payout pool. He is now much quieter here.

    In the face of unfairness it is not unfair to take action to restore balance - the key here is 'balance' though and balance means 'no part or aspect is being overpowered'. True balance is a rare thing so far on this planet, but when it is found it is the best of all things! <3

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       7 years ago 

      You are welcome. I just noticed that I mis-typed a paragraph in there which i have corrected now:

      I do have some problems with capitalism as it stands, since I can't fail to notice that nearly all of the world's wealth is in the hands of a tiny minority - while other people die of hunger - this too is out of balance and needs to be corrected.

      on the subject of the diamond cat problem:

      in the case of the 200-dollar cats overtaking the place, the market would either get sick of it, and demand for new, quality posts would arise...or the market would leave, and the site would die, which is a disincentive for all investors.

      The problem I am pointing to is not an issue where the market (steemit users) really DO want to see such things, but to the problem where those with the most money simply post any old crap and vote each other up on it just to drain the post payout pool. From a strictly 'financial only' approach, it makes sense for them to do that, but it is also anti-social and against the entire design of steemit which is intended to provide a space for 'proof of brain' to be the deciding factor (according to the whitepaper etc.). The market could die in such a situation and, indeed, I know of many people who left steemit never to return because of this exact problem (which was worse in the past than it is today). Some of those who do these things really don't care about whether the market dies or not and it is quite possible that some of them specifically want the market to die - what if Marc Zuckerberg suddenly decides to swamp Steemit with pictures of things no-one wants to see and they full up the trending list? Great for him, not great for Steemit.

      It takes some kind of action to prevent what many would see as abuses of the system and generally it appears to be possible for the community to take action through posts and organisation against these problems and to stop them to some extent - so if that kind of action is appropriate then that's what I might help out with - rather than attempting to support some kind of code change. I have already done that with craig grant, for example, after it was exposed that he works directly with African scammers to get his 'magic money', with which he then bought steem with and drained the payout pool. He is now much quieter here.

      In the face of unfairness it is not unfair to take action to restore balance - the key here is 'balance' though and balance means 'no part or aspect is being overpowered'. True balance is a rare thing so far on this planet, but when it is found it is the best of all things! <3

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