The reality is that you can not stop auto-votes at the blockchain level; so we have to create a structure where they have a positive impact. I see it as being like Patreon; people can support an artist. If they don't like what happens with the content after they have supported them they can remove the autovote support. If they are too lazy to check, its their stake, their money, and their right to continue to support who they want. This is how the world works.
The elephant in the room here is the non linear (time exponential) based curation rewards. This drives the need to place your vote first and massively rewards auto voting over manual voting as you simply cant make the same curation rewards manually unless your online "all day" waiting for exactly the right time to vote. It also encourages reward stacking on posts, like you say auto voting on popular posts slightly before everyone else's auto vote is profitable. This is the issue. Not the autovote system itself.
All the recent changes with hive.vote have done is hurt passive investors who don't know the change has been implemented. Anyone else including all the scammers can just go in and update their account. We have to stop treating non active Hive investors like they are unwelcome. If people cant buy Hive and stake it somehow for passive income and forget about it (by following some auto vote trails) ; we will simply loose the vast majority of investors to other coins which can stake. Are we saying as a blockchain we only want "active" investors and passive investment will be discouraged? Will anyone trust hive.vote not to change their set preferences on them again after this? We hailed 50% curation rewards using autovotes as the solution to passive investment to shift people away from bidbots. It has worked; look at trending now compared to 12 months ago. Most people who want to 'invest' just want to set some settings and come back in 12-18 months; not have to monitor continually changing requirements or log in each day to manually vote.
Investment funds will just flow to coins like Tezos which have simple staking rewards if we keep changing the goal posts. If HIVE is to succeed and cover the selling pressure from the development fund and post inflation pool we need to make it attractive to passive investors. At the moment we are actively trying to discourage them. I would hope overtime we will see more sophisticated development in this space to help with maximizing curation rewards for passive investors. @therealwolf was trying to start a discussion about introducing some passive staking rewards system at a blockchain level; not sure if it ever went anywhere.
It's simply not comparable when we're on a platform where that 'auto support' is taken from a shared fund/pool instead of actually paid from your wallet like on Patreon - however we look at it, a vote for one post is a vote less for everyone else. I would be all for a Patreon function on Hive though, and the tipping feature of @peakd is a step in that direction, I'm sure tipping could be automated at some point in the future - and then it's up to the one supporting the artist how much he/she wants to pay from their own earnings or investment.
No - I'm not an extremist in any shape or form. I think all should be welcome. But I would be interested in having an okay/interesting return for investors and an even better one for active voters :-) I don't know if everything has to be done on the blockchain level, I see huge opportunities in gamification on fronted level as well.
I believe the idea was you would turn your accounts on 'holiday' or 'investment' mode and would automatically receive HIVE as if you were autovoting yourself 10x a day :-) Definitely interesting and I wouldn't mind discussing ideas like that further.
Cheers!
tipping can indeed be automated ;)
\0/
TBH it would not even have to be at the blockchain level; although some people have proposed that. You could simply integrate the feature into hive or PeakD wallet to toggle on where you automatically follow some curation trails which were randomly selected from the top curation performing trails (and perhaps shuffled) .
Yes - on a blockchain level we could have the 'reward your own 10 votes' as it would be 'paid by the chain', but ofcourse frontends can offer other creative solutions like autofollowing votes from a selected few trusted curators. I know how I've done this a few times while traveling: set a few people on autovote as I knew I didn't have the time to read each day.
Yes I travel for a job and spend a lot of time away from the internet; so its just not possible to manually curate every day. If we start to penalize auto voting then I may as well power down my hive and sell it for something else. That is the issue. Investors wont keep funds here if the only way to make a return is labour intensive manual curation. Capital has to have some value too in a stake based system. I currently auto follow various photographers and bloggers that I know have a high quality and want to support and also quite a few manual curation trails (like photofeed and photocircle) to provide support for those photographic communities. I set it to keep 70% of my vote mana available so I can manually vote as well when I have the time.