RE: Steem N' Roses: My Response to the Attacks on the SBI Community as a Whole

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RE: Steem N' Roses: My Response to the Attacks on the SBI Community as a Whole

tristancarax in #sbi • 5 years ago (edited)

The point is, that SBI guarantees revenue to those who 'invested'. The creation of more STEEM through upvoting content is a form of revenue generation ('mining' the STEEM blockchain).

@josephsavage, @dirge, If this, then one can't really say that we are purchasing upvotes because it is an investment into one upvote that gets better as one invests more into it. Would agree or disagree or other?

It isn't the same as a bid-bot which promised many upvotes, most of which were little to no value and, I think, most lost money on that.

Glad that your here, @dirge. 8-)

5 years ago in #sbi by tristancarax

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josephsavage 5 years ago

Actually we don't guarantee revenue, we only guarantee upvotes. Whether those convert into revenue at payout is beyond our control. We have always resisted making promises of actual returns, and when estimates have been given, they are always given as depending on STEEM price and reward pool behavior.

In fact, the earliest criticisms raised by whales were because we did not guarantee any level of returns.

SBI is more like earmarking SP for dedicated support of accounts you choose. We can't guarantee that the support has any value, any more than you can guarantee that an upvote on this comment will have any value after it gets countered by mmkk. In most cases the support will have value, of course.

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tristancarax 5 years ago

... any more than you can guarantee that an upvote on this comment will have any value after it gets countered by mmkk.

hahaha!!!

In fact, the earliest criticisms raised by whales were because we did not guarantee any level of returns.

Than WTF does mmkk care? Ha! He was in the green and he never bought in. He was guaranteed to make profit! Silly people with little brains.

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josephsavage 5 years ago

He believes that our use of the reward pool takes value away from his use of the reward pool, and does not consider the impact his Dv might have on overall Steem ecosystem.

If lots of people quit because of his DV, he wins but Steem loses. If lots of people double down and power up to support each other and SBI against him, he loses but Steem wins.

Maybe he is a crisis actor?

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bananafish 5 years ago

We will countinue to use the SBI program, Joseph. We don't really give a damn shit of his twisted vision.

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tristancarax 5 years ago

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