RE: Upvoteshares Model Mechanics

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RE: Upvoteshares Model Mechanics

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roleerob in #money • 7 years ago

Thanks for putting this informative post together @upvoteshares / @costanza. Here are a couple of quick questions:

"If anything, the shareholders always get priority and all unused upvotes are also distributed to all active members which highly helps to boost the returns. "

Question 1: Any thought of the @upvoteshares account upvoting comments / replies? I don't know what the additional difficulty factor would be, but thought I would ask. While possible sometime in the future, I have never had the time to devote to creating one post per day ... I do, however, try to keep up with some engagement, so have always (with rare exceptions ...) had at least one comment per day.

Question 2: God forbid something happens to you, but in light of the mess some Canadian investors into an exchange there got into recently with the unexpected death of the principal (who had all of the private keys ...), wondering if you have made any provisions for something happening to you? The worst-case scenario I can think of is suddenly you are gone with no possibility of ever coming back to carry out any sort of "exit plan." Would this account just "idle along" and continue on "auto pilot" paying out upvotes?

7 years ago in #money by roleerob

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upvoteshares 7 years ago

Sorry for the late reply @roleerob,

Question 1: Steemauto is used as a way to automatically distribute the upvotes. I used to make a monthly post where missing upvotes could be reported and where the ones who did not manage to make 3+ posts that week could leave a comment that I than manually upvoted. Steemauto is rarely down and the program for as far as I know had very little missing upvotes so there was no real purpose to continue those monthly posts. There is no real consistent way right now to upvote comments and it's also not really the purpose of the program. I'll make sure to upvote your comments on the posts from the @upvoteshares account and if you have a comment you want to get more visibility on in another post you can always send me a link on discord. I hope that works for you.

Question 2 Valid question and it's something I also though about when starting this project. If I would die right now, it would indeed idle along and continue to give upvotes for as long as steemauto works. Something I will do is make a text file on the usb where the private keys are and write down what needs to be done in case I drop dead. Something else I could do is for example give your (or someone else who is trustworthy on Steemit) the private active keys which can be used to power down and give back all the steem in the account that belongs to everyone. I would have to make a post where the majority of the shareholders have to agree upon this first though.

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roleerob 7 years ago

Thank you for the comprehensive reply @costanza / @upvoteshares. In response ...

"There is no real consistent way right now to upvote comments and it's also not really the purpose of the program. I'll make sure to upvote your comments on the posts from the @upvoteshares account and if you have a comment you want to get more visibility on in another post you can always send me a link on discord. I hope that works for you.'

... that will not be necessary, as I am not asking for any special consideration beyond the original scope that your project envisioned. In my mind, as I consider all of this to be "software" to one degree or another, and software gets "upgrades" from time to time, I thought I would ask the question. If it makes sense someday to incorporate the added benefit of upvoting comments, that will be up to you and whether the investment of your time in it makes any sense.

Note: In the interest of "full disclosure," I suppose I should disclose the SBI program does offer this - auto (as far as I can tell) upvoting on comments ...

"Something else I could do is for example give your (or someone else who is trustworthy on Steemit) the private active keys which can be used to power down and give back all the steem in the account that belongs to everyone. I would have to make a post where the majority of the shareholders have to agree upon this first though."

Yes, I suppose that would be a solution. Although I would certainly understand the hesitation to carry that out. Whether it is "in here" or someone you trust "out there," though, it is something to which you may wish to give serious consideration, particularly as this account grows in value.

That said, please don't take this as "pressure " from me, as we have all "signed up" for the program just as it exists today. With these known limitations ...

Again, thanks for investing your time in the comprehensive reply. Have a great day! 👍

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