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RE: Taking a look at a token project's voting pattern

in #bleh2 months ago

I think there are bigger issues that are keeping people from having a fair chance here, but that's just my opinion. I'm not a fan of abuse, but I am also not a fan of people calling anything they don't agree with "wrong". Like I said, ultimately, this doesn't impact me that much. I am just trying to think of the people who it would impact if something like EDS had to suddenly go away forever.

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No one's asking them to go away or stop doing what they're doing, it's just that they're including author rewards in their equation to market a "high APR" for using their service through guaranteed votes.

Could they survive and thrive without guaranteeing votes to delegators/token holders? I'm sure. Although I guess it depends what else they got going and other future ideas with what the project does, if it's all just about holding tokens, paying out dividends from curation rewards and autovoting those participating it's not that groundbreaking of a project.

I mean, you're involved in zingtoken, right. You understand that you're forfeiting some curation rewards by delegating to it in exchange for tokens. You plan/hope that these tokens will eventually do well in terms of value and/or give you an advantage in the game or different things involved with the project. You're not expecting the project to also go out of its way to give you votes to "make sure you continue delegating to it" or "increase your author rewards based on how much you've delegated to it", but you may get some votes if you ever post about the project - it's not guaranteed.

The projects that guarantee it are relying on the greed of delegators to continue to delegate to them in exchange for votes and it sets the base there - other projects now have to do the same at least to match their APR's to compete.

Yes, that is a good point about ZING. Again, I am just trying to understand all sides of this. I see a lot of complaining in Discord about things like this and I think being fully aware of all sides is better than blindly following the masses. I'd rather push back a little with you on stuff like this to get more info than to just agree with you because I think it's going to ingratiate myself to you. I think my biggest fear is that this is somehow going to draw a line in the sand with HIVE further separating us. We are too small right now to deal with too many things like that.

Oh no worries, I just started running out of other ways I could come up with to explain the issue with this kind of voting.

Honestly I think this separates us a lot more.

also every small tiny project needing to have their own discord server xD