Good evening ladies and gentlemen. Today I would like to share with you this most useful guide on "How to Commit Mass Steemicide." Enjoy!
Step One
Create Steemit.
Obviously no one can commit steemiticide until steemit exists.
Step Two
Incentivize fair voting and rewards distribution.
This can be achieved by offering curation rewards to the largest stake-holders who ultimately have the power to decide where the rewards are going.
Step Three
Make step two entirely redundant.
Continue to offer curation rewards to the largest-stake holders who ultimately have the power to decide where the rewards are going-- even after those large stake-holders decide not to vote fairly, and instead start selling the rewards pool.
Step Four
Start recentralizing all of the power to a select few.
Have an overwhelmingly blind community pay for the rewards that are already allocated to go to them through fair voting, which is why the curation rewards were introduced in the first place. Watch the large-stakeholders who are now selling the reward pool also continue to make curation rewards.
Step Five
Force others to have to pay for votes too.
Wait until the largest-stake holders have reserved a sizeable portion of the rewards pool for paying customers, and then act surprised when everyone isn't earning as much anymore. Wait until the largest stake-holders are selling so much of the rewards pool that they no longer have any need to curate decent content because they are earning plenty curation rewards still, but getting paid to do so. Watch as established members of the community, who have put in a lot of work to help Steemit get to where it was two months ago, have to resort to paying for upvotes too.
Step Six
Watch it go up in flames
Grab some popcorn and watch as the largest stake holders start increasing the disparity between STEEM distribution at an astronomical rate. Don't power down, because the largest stake-holders are not doing it. So everything must be good. Observe as the largest stake-holders siphon their account values out of the platform using the liquidity received by the selling of votes, yet never have to actually power down. That, or watch as the largest-stake holders become so much larger that no one will ever have the ability to negate any of their abusive actions. Enjoy Steemit's new slogan which is advertised in 2018 to the global community.
