It's called insider trading
When someone knows a stock will skyrocket at 11:00 am tomorrow. The insiders buy as much stock as they can, wait till the peak of the buying spree at 3:00 pm or so and sell for a killing. This, unfortunately is illegal for some of us. It is also highly unlikely any of us would get that kind of info with that much notice.
Stay with me, I am am developing an idea here... You are Still gonna #takemyvotes
What if the insider info were published on CNN about an hour before the stock went up?
I think, the stock would shoot up as soon as in info were published.
They above is the example ^^ - Next comes the idea.
It's called front running
and it happens here on Steemit. I do it. bots do it, any voter can.
Somebody (me) knows when my post will be hit by a massive vote, because I am paying for it!
You can vote on my post and get higher rewards later because whales will be here to vote soon.
There are also bots watching for posts like this one, they vote after you do and add to your rewards!
The last thing to happen is a huge vote coming from @booster.
Part two...
Tomorrow, I will find the best comment on this post based on number of votes.
Then I will pay @booster to come back and vote on that comment for a huge comment reward.
This is front running because we know that @booster will come (with some delay).
In this case, I am CNN and I am telling people that I have programmed @booster to vote here.
We can all win knowing what is going to happen before it happens.
I won't know the exact time he will vote but it will be worth between $20 and 35
but totals can reach $150 or more
As everyone knows, the first people who vote on this post before booster comes are all winners.
We are doing that on purpose. Fun and everyone wins.
Older contests I ran.
I used to delegate large whale votes to winners but now, I have moved my SP to an exchange where it's not so public.
For a look back at the contest see...
March 20, The Announcement.
March 21, The first run.
The March 26, The second run.
June 6, The third run.
June 8, The fourth run.
June 10, #takemyvotes FAQ post.
June 11, The fifth run.
June 14, The sixth run.
June 18, The seventh run.
June 21, The eighth run.
June 26, The ninth run.
The above were vote delegations
(I have lower SP to make direct votes currently, but I can pull in paid whales like @booster)
I have given away thousands in free whale votes in the last 200 days ! And I don't mind more giveaways of other kinds.
Part 2 comes when we choose a top comment and give that lucky winner a @booster vote.
Wham & Double Whammy
#Join now - just upvote and comment.
Edit: Notified whales and frontrunners. 1:00 pm Eastern
Edit : Booster is on the way now 2:20 Eastern
I sent a payment to @booster (Total was $34.00)
- others saw that payment and wanted to vote before @booster did (called front running) Total was $64.00
- @booster voted as expected and the vote total for this post went up to $79.00
Every big increase on the post total also increases curation rewards for the early voters.
let's wait and see how you did next week when the payments come in for you all.