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Topic: Steem pyramid scheme revealed - page 56. (Read 107058 times)

legendary
Activity: 1708
Merit: 1049
August 05, 2016, 05:37:21 PM
Playmate part #2: https://steemit.com/steemit/@brendazambrano/my-facebook-post-as-promised

I don't know if the invitation vector (hey go there, they are giving money for intros / 10$ per signup) is good though... Roll Eyes
legendary
Activity: 1708
Merit: 1049
August 05, 2016, 11:15:19 AM
It's because it's the only altcoin that you can obtain without spending anything besides your time (blogging/commenting).

Besides, it's better than spamming the bitcointalk.org forum with ad-sig campaigns and dropping one-liners all over the forum to get the post count up for the payment.
legendary
Activity: 1120
Merit: 1000
August 05, 2016, 11:05:53 AM
I cannot believe peoples are falling for STEEM.it price WOW.
BS
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
August 05, 2016, 10:46:15 AM
@Shelby
You are full of shit again !

You bitch & moan about China for example Controlling Bitcoin.
Rail on about centralization & control issues then drop to your knees blowing this scam ?

It was already pointed out how the top few guys control this rigged ICO scam.

It's sad pathetic & pittiful you would come out in support of this scammy garbage in the face of mounting evidence.

No wonder all you assholes cycle through accounts here like crazy then disappear later.
sr. member
Activity: 336
Merit: 265
August 05, 2016, 10:00:38 AM
Well at least nobody can say that steemit isn't pushing crypto to mainstream adoption. "Bimbos" and playmates are now using cryptocurrency.... Cool

I am very excited about Steem conceptually because it validates the concepts for marketing I was thinking about for Jambox. (That is not to say I am convinced that Steem's exact design can cross the chasm to millions of users)

Steem innovates how to distribute the tokens into the hands of the masses, i.e. the onboarding problem.

I was also thinking the social networking participants had to earn the tokens somehow and I was trying to think of ways they could (one of the ideas I had which was mining, failed in the final analysis).

I didn't think of collectivizing the control over the debasement, because I am generally against collectivism and because of every design I thought of for that was unsound. And it turns out to be a technically valid criticism because afaics Steem can't get out of the whale controlled quadratic weighting quagmire for as long as the debasement control is collectivized without encountering game theory failures on the incentives to not vote for oneself. And one of the key aspects I want to change about Steem is that the debasement will be under individualized control (without raising the cognitive load that causes microtransaction tipping to not work) while still of course collectivized in economic effect. This will enable my design to fix what I think is an insoluble game theory problem in Steem. But no one should take these words as fact. Until everything is peer reviewed in a white paper, then just assume I may have mistakes in my thought process.

What happened is that the split between STEEM and STEEM POWER caused me to have epiphany. That is where the crux of the innovation of Steem lies in my opinion. But I think they could structure it differently with better attributes.
legendary
Activity: 1708
Merit: 1049
August 05, 2016, 09:27:10 AM
Well at least nobody can say that steemit isn't pushing crypto to mainstream adoption. "Bimbos" and playmates are now using cryptocurrency.... Cool
legendary
Activity: 1260
Merit: 1000
August 05, 2016, 05:51:25 AM
(sorry I couldn't resist to play with the "bimbo" after all she is a playboy bunny)

I will see your bimbo call and raise you a bimbo*2.


sr. member
Activity: 336
Merit: 265
August 05, 2016, 04:33:53 AM
I believe jl777 is reacting to my criticisms I've been sharing with him about Steem:

Quote from: jl777
Once a new category is established, it would be nice if there was a category fund that can act as a virtual whale for that category. I can think of automated ways where if enough high reputation accounts are upvoting a post in a specific category, the virtual whale upvotes. This automation would put the power in the hands of the dolphins and relieve the whales from having to work 24/7. Also by the whales being less active, their stake is gradually diluted, which helps distribution.
You are apparently not thinking about the game theory of how this can encourage Sybil attacking it for gains. There is a reason the whales are given control with a quadratic weighting, and it is because otherwise all sorts of ways to game the voting system are enabled.

It isn't going to be so easy to fix Steem's voting and ranking algorithms, because it is a fundamental problem.

James and I getting deeper into it:

Quote from: jl777
Please comment on what is proposed, not what you assume is proposed.

I commented on what was proposed in the blog post. I didn't read your comments after you made the blog post.

Quote from: jl777
So let us assume there are N such specialist curators. Now a majority of these curators need to upvote a post with a #trading tag for it to trigger the autowhale upvote.

This seems to be different than what you proposed in the blog post. When you wrote “reputation” in the blog post, it presumably means the reputation system recently implemented which is that number in parenthesis next to our username which is tabulated from vote history not elections.

Okay so now you morphed (or clarified) your proposal to elections of delegates who will control (some portion of) the whales' voting in the instances the majority of them (a quorum) agree.

There are some issues with this:

1. Election of such delegates is political (introduces politically correct speech enforcement, censorship, one-size-fits-all groupthink).
2. If the number of tags (quorums) exceeds the number of whales, hypothetically one could argue this increases the degrees-of-freedom in the rankings, but his also presumes that #1 isn't prevalent, e.g. whales don't effectively influence or control the election process.
3. The individual preferences of curators is bound to the barrier of the majority quorum, so it still isn't a high degree-of-freedom ranking algorithm, i.e. that synergy between spontaneous groupings of like-minded groups will be muted. It seems you are headed towards the politics of Reddit rather than some fundamental breakthough in relevance matching more akin to Googles PageRank and subsequent algorithmic improvements to relevant search.

Radically improving relevance will be a major breakthrough. I don't think your proposal will be that significant of an improvement because it lacks algorithmic power to develop emergent phenomena in relevance and like-mindedness, although it might spread rewards around a little bit better (unless #1 is entirely gamed as it is always is in politics due to the Iron of Political Economics and the power-law distribution of wealth).
legendary
Activity: 1708
Merit: 1049
August 05, 2016, 02:46:52 AM
2kool4skewel/Decentralizeeconomics's greatest fear takes shape:



LOOOOOOL... so that's what steem dollars look like Cheesy
sr. member
Activity: 336
Merit: 265
August 05, 2016, 02:21:05 AM
I believe jl777 is reacting to my criticisms I've been sharing with him about Steem:

Quote from: jl777
Once a new category is established, it would be nice if there was a category fund that can act as a virtual whale for that category. I can think of automated ways where if enough high reputation accounts are upvoting a post in a specific category, the virtual whale upvotes. This automation would put the power in the hands of the dolphins and relieve the whales from having to work 24/7. Also by the whales being less active, their stake is gradually diluted, which helps distribution.
You are apparently not thinking about the game theory of how this can encourage Sybil attacking it for gains. There is a reason the whales are given control with a quadratic weighting, and it is because otherwise all sorts of ways to game the voting system are enabled.

It isn't going to be so easy to fix Steem's voting and ranking algorithms, because it is a fundamental problem.
sr. member
Activity: 336
Merit: 265
August 05, 2016, 01:24:03 AM
iamnotback, are you trying to flirt with steemit girls now? And becoming a regular steemit poster while bashing it this whole time? LOL

I guess steem is a success!

Hahaha. No I was just doing market research.

More market research ( Undecided):

https://steemit.com/introduceyourself/@brendazambrano/hi-i-am-the-first-playmate-with-more-than-a-million-followers-to-blog-on-steemit#@anonymint/re-brendazambrano-hi-i-am-the-first-playmate-with-more-than-a-million-followers-to-blog-on-steemit-20160805t052140891z

(sorry I couldn't resist to play with the "bimbo" after all she is a playboy bunny)

Btw, in hypergamy theory, she must either slap me back down if she perceives I am not at high enough status and would otherwise lower her status, or she will must kiss me if she feels I am alpha enough. Given she doesn't know who I am from jack, she might be confused as to how to react (or may not even read all the comments). Although her standard reaction might be that all "hangers" are beta and react accordingly. Any way, I obviously wasn't playing to win in the hypergamy scenario. I was just fucking around and remembering my life before I acquired a chronic illness.

If anyone has checked my Github lately, they might have noted that I am trying to will myself back to healthy youth, lol. My mother told me about how when we get old we don't like mirrors any more.
legendary
Activity: 1260
Merit: 1000
August 05, 2016, 01:11:00 AM
2kool4skewel/Decentralizeeconomics's greatest fear takes shape:

sr. member
Activity: 336
Merit: 265
August 05, 2016, 12:01:25 AM
Here a key weakness of Steem's voting and relevance algorithm:

https://youtu.be/rkQ7b-u8_6g?t=698

And unfortunately Dan's expectation is not what is always happening as exemplified in my case.
legendary
Activity: 910
Merit: 1000
August 04, 2016, 04:21:14 AM
You are free to believe that someone who has been downvoted to oblivion in the past has the "right" to have his posts visible to everyone, so please make an alternative to steemit.com(

That quote was directed at Anonymint but it doesn't seem like a viable design.  Imagine for a second that the Clinton and Trump campaign were operating on Steem.  They, and all of their proxies and pacs, would downvote the hell out of each other.  So what happens then?  Both campaigns become invisible?  I think you would need edit that system to make it where people who have some arbitrarily large holding of Steem investment aren't possible to censor or something...

I'm not saying that it's a perfect system, but we need to start from somewhere, especially when we have to do with accounts that have massive downvotes and almost no upvotes at all. In the above example I would like to believe that people would prefer to upvote their own campaigns in order to become more visible and at the same time earn some rewards instead of wasting their voting power to downvotes, or at least that each group would somewhat cancel each other out by upvoting their "camp" and downvoting the "enemy", but I can be totally wrong here.

Imo there must be some "penalties" to accounts with bad reputation or to accounts with severely bad reputation, that's all.
sr. member
Activity: 336
Merit: 265
August 04, 2016, 04:14:57 AM
You are free to believe that someone who has been downvoted to oblivion in the past has the "right" to have his posts visible to everyone, so please make an alternative to steemit.com(

That quote was directed at Anonymint but it doesn't seem like a viable design.  Imagine for a second that the Clinton and Trump campaign were operating on Steem.  They, and all of their proxies and pacs, would downvote the hell out of each other.  So what happens then?  Both campaigns become invisible?  I think you would need edit that system to make it where people who have some arbitrarily large holding of Steem investment aren't possible to censor or something...

That is a pertinent example of what I meant:

My reply on Dan's new reputation metric:

Problem with a one-size-fits-all (i.e. globalized) reputation metric is that it must assume that the wisdom of the crowd is unified. In cases where there are differing preferences, then wisdom of the crowd is either impotent or worse become censorship. In obvious cases where we all agree that @wang is a bot and we don't want to see his automated, redundant content then reputation works as an anti-spam filter. But I presume spammers can become more sophisticated so that we can't readily detect their numerous accounts and less redundant content. So I think ultimately only an individualized relevance metric will be useful. Your reputation algorithm I guess is needed to force spammers to become more sophisticated (i.e. more relevant), as long as it doesn't inadvertently cause censhorship. My concern with a globalized metric is it can become a tool of politically correct speech enforcement.
legendary
Activity: 1260
Merit: 1000
August 04, 2016, 03:49:57 AM
You are free to believe that someone who has been downvoted to oblivion in the past has the "right" to have his posts visible to everyone, so please make an alternative to steemit.com(

That quote was directed at Anonymint but it doesn't seem like a viable design.  Imagine for a second that the Clinton and Trump campaign were operating on Steem.  They, and all of their proxies and pacs, would downvote the hell out of each other.  So what happens then?  Both campaigns become invisible?  I think you would need edit that system to make it where people who have some arbitrarily large holding of Steem investment aren't possible to censor or something...
newbie
Activity: 14
Merit: 0
August 04, 2016, 12:27:24 AM
I knew it!
sr. member
Activity: 336
Merit: 265
August 03, 2016, 11:05:49 PM

My rebuttal:

Why are you posting your spam links in the steem-is-a-piece-of-shit thread?

He is commenting about the whale voting issue we've been discussing.
legendary
Activity: 1708
Merit: 1049
August 03, 2016, 11:04:35 PM
We do that here for several pages Tongue

But you do have a point.
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