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RE: Is SBI Still Taboo Or Is It A Valuable Tool On Hive?
Just before we forked to Hive, it was quite the little bit of drama lol
I always thought it was a great idea, but some felt it was vote buying.
!CTP
0.00003411 BEE
It might seem that way, but as I said, we havent really got the math down to prove if it is an exploit or actually just a different way of spending your Hive.
As usual, it only really starts turning heads when someone DOES do something exploitive with it.
Consider this:
I have myself, my wife and my three kids on Hive. My wife and I both contribute content, a variety. We aren't bringing massive money from outside Hive, we bring content and we bring other people. We make the platform busy and worthwhile and social. We teach our kids.
As time goes by, I sponsor a little HBI here and there to my wife and kids and my own HBI stacks up. In a matter of years I might have a couple of hundred or a thousand.
I have been posting regularly on Hive for years by this point, earning crypto for my time. The SBI votes will have increased but will be insignificant compared to all the other votes I have built up by then. Look at your average votes on a post as an example.
I don't consider this exploitive behavior.
Now imagine an exploitive behavior by someone who has no altruism at heart and wishes only to profit.
They come to Hive with $1,000,000 and build 2 or more accounts with fairly chunky bits of HP. Then they buy thousands of HBI tokens, sponsoring their alt account. Now both have HBI.
Now this person starts posting with both accounts. They don't break any rules such as plagiarizing, spamming or posting in the wrong community, but what they post is garbage.
They do not engage with others and do not follow or vote for other people's stuff. Just the two(or more) alt accounts. Each will earn from votes on HBI(SBI) and their own votes. Their content is just enough to not get into trouble but adds nothing to the platform or to our little society.
THAT would be exploiting the rewards pool. they will start pulling their $1mil back and go beyond, draining Hive of value in exchange for nothing.
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Man, STEEM used to drama all kinds of dumb stuff. I remember when SPI was targeted. The thing is that since we didn't operate based off upvotes, it didn't affect the project.