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RE: @ned & @dantheman DUMP 50,500 STEEM on Market today! WTF is going on?!
Ned trying to bury a post on his own website by paying 600 bucks. Welcome to a new era!
Ned trying to bury a post on his own website by paying 600 bucks. Welcome to a new era!
Here are screenshots of the action. Pay attention folks, what you are seeing here is something that happens in mainstream media all the time: creating buzz on other subjects to divert the attention from another, more problematic, news story. Nice to see this happen in a controlled environment.
Interesting. If it's another forum, the post would have been removed/moderated already.
Keeping the discussion in the platform is good.
I thought it might have been Ned being generous before seeing this, but the timing and amount is curious. Is there much wrong with it? The idea of post promotion is partly a competitive payment to get higher on the ladder.
As of right now, this post sits at #5 on the promoted page, and if anyone promotes this post by just 1.01 SBD it will sit at #3 and soon sit at #2.
edit: fixed positions because I was viewing promoted posts only in #steemit
I think the question isn't whether this was right or wrong, this would be creating a false dichotomy. There are usually as many views of right or wrong as there are people judging a specific case. Beside OP is arguably FUD so it's not like reducing its visibility was entirely undeserved.
The real point was that what happened here was extremely manipulative, in the same kind of way we usually reproach to mainstream media and the private interests and powerful bureaucrats that control them.
The last few years in the crypto world have shown that the exact same crap that happens in the real world economy has happened in crypto markets: pumps and dumps, market manipulation, insider trading, money laundering, cartels, scammy IPOs, large scale ponzi schemes, money supply debasing, attempt at co-opting power by self-appointed influence groups, herding, mass hysteria, panick, fear and greed all around... Crypto is a fascinating sandbox that helps understanding what's going on in the real economy, how greedy and ignorant economic actors are and how truely clueless economists and central banks really are.
With the advent of crypto based content publishing and social media platforms like Steem, we are now going to be able to observe all the panel of tactics used by government agencies, large corporates and mainstream media to attempt manipulate the public opinion and their effect. We will also have the opportunity to experiment with counter-tactics like trying to make things backfire for wannabe manipulators.
It's from that perspective that I find what Ned did here absolutely fascinating. This is the kind of stuff you find in Machiavelli's "The Prince" and Robert Greene's "48 Laws of Power". And I expect that we will see more and more of that coming from every directions. This is going to be very interesting, and provide a lot of insight about what's happening in the world at large.
thats a pretty ridiculous statement. What ned did was manage the news -- In a manner so transparent and hamfisted that its apparent to every single person who looks at this post (which i think is linked on a bunch of forums as well) knows whats going on.
Lets review exactly what happened here.
He made whats probably a completely innocuous WD.
then someone posted about it.
So he spends like a thousand bucks to try to move the post down, because its one where he just can't use his vote to hide.
That is to say, he spent $1000 to wreck his credibility and probably chased off a ton of buyers, for the sake of what? Not having to come here and explain whats probably an innocuous transaction (50K isnt market breaking). Also, he proved that promoting a post (a feature he just introduced) is absolutely worthless, because whales will just pump money into other posts in order to achieve the same effect they do with voting in other views.
thats not realpolitik. Its just real bad business.
ALso, just as a PS to the conversation about Ned and Dan as genius realpolitik masterminds,
Did anyone notice the new voting thing was buried in "bug fixes" right under "clean up @null"
I think it is fascinating from a psychological perspective. I think the real question is: what would you do? I had some nasty posts created by tuck and the fryss lately. I ignored them because they upset me. I am not used to attention, especially negative attention. I am not into stirring the pot, but I am not a sheeple either. When it comes to someone else suffering, and the cause of the suffering is BAD DESIGN, well, then, I cannot be quiet.
But I also know when I am wrong and I did apologize to Dan. I should never have mentioned the email, but I was MAD. I also felt that the most vulnerable people are ignored, and I knew I would have to bring visibility to the issue if we were to ever have anything change.
Steemit is a centralized website with a clear power structure. But the fact that we all can see whatever we wish to research on here is a rare peek into psychological worlds that we never have had access to.
Excellently written. Couldn't agree more
Blah 48 Laws of Power, literally a book on how to get rich and powerful in the greasiest ways possible lol.
Done but its at #3
honestly I don't like the idea to be promoted in this way! It is only a risk because people invest their money with the hope to receive more visibility! This doesn't mean that they will score with them post because it depend from Whales. By the way here the problem is another one... and this episode scare me! :( I hope they got a new person that want invest in Steemit so they are "selling" their steem and he can buy it... but I don't know! :(
No.
Not a chance.
This post isn't worth paying to bury. With the amount of money moving around on steemit, $600 amounts to not much more than "testing our new feature."
Nice catch! How funny. Promoted works both ways!