Why Downvotes Won't Always be FREE


After the Hard Fork 21 everyone is excited to get 25% free Downvoting Power and happy to use them mostly to control reward pool 'abuse'. But how long will this continue?

IMHO, I don't think that downvotes will always be free as they are today.

Since free Downvoting is limited to only 25% of Upvoting power, it's by definition a scarce resource. Most resources that are available for free in this world eventually starts carrying a price tag when their demand or scarcity increases with time.

To give you a perspective that you can easily relate to is to take into account the fact that Upvotes were considered absolutely free during the initial period of Steem. But everyone got only a limited Voting Power everyday, making this a scarce resource. It didn't take long for people to realize the value of Upvotes and Upvotes get scarcer with the increase in content sharing & greed to get the maximum share of the reward pool. This gave way to several vote exchange platforms, delegation markets. vote selling bots and bid bots, Bid bots didn't evolve overnight but were the result of market needs.

Similarly, Downvotes are free today but we should understand that these are scarce resource too. Currently, people are downvoting in their individual capacity. But a small account like mine isn't capable of any significant downvote value (so mostly, it is lying unutilized at 100% power). Soon people will start following some downvote curation trail to put their Downvoting Power to better use. But then there is some market for downvote retaliation and downvote war too. However small it may be now but it sure exists. Apart from retaliation & war, there are many other use cases for downvotes too.

So I hope, in future, there will be some market and bots for sell & purchase of Downvoting Power. Of course, they won't cost us as much as Upvotes but nevertheless they will cost/earn something.

This is one of my perspectives on Downvoting Power.

  • What do you feel about this?
  • Is it absolutely baseless or Steem ecosystem may go somewhat in that direction too?

Comments 8

I agree with you that some community bot will come in play to downvote. and some trails/follow are already in existence and more will come over time.

11.09.2019 06:37

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11.09.2019 06:41

If Downvoting Power is from a whale,
he can use 0.1% power to hit other.
When he targets someone, blocking all his articles, he can force the person to leave STEEM,
so Downvoting Power should have restrictions on use, such as the same Between the days, Downvoting the same person's article, there should be restrictions, such as the number of restrictions, or to spend more Power

11.09.2019 08:02

It is important to have this element in place to make this platform with better contents with fewer shit posts.

11.09.2019 10:38

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11.09.2019 18:20

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12.09.2019 19:58

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15.09.2019 08:58