Is steemit going to the right direction?
Is it just me or am i feeling the current the steemit situation is repeating again? Perhaps it just take i read too much history book that it feel the same .
As far as i know , the rewardpool is limited . With some much vote buying going on , it also mean the amount of steem dollar (SBD) that will be generate each day will get more and more .The rewardpool will not be able to sustain so many SBD . Correct me if i am wrong but SBD is kind of like banknote or I.O.U resit , the more it is created the less valuable it is ? Maybe it is happening in other way round , more SBD create come with more frequent withdraw which will bring down the SBD price.
In my view, the whole steemit i think suppose to run like this. Content creator create content than content consumer will upvote and reward the creator . The creator will withdraw the SBD in the form of fiat money to fund the content creation . I think by doing like this , the SBD price will remain intact .
Right now i feel the vote selling and buying is really hurt the content creator especially those that will involve cost . Nobody seem to be interesting in voting properly , instead they are more interested in selling their vote .
Everyone need to stop treating the steemit like a bank . Free money don't just drop from sky. You need to work for it .
The steemit original goal is to reward content creator ,not to be use as a ATM machine by you . It is because everyone is lazy that we now have the rewardpool rape going on while the most deserving one did not get reward .
I believe we are currently experiencing a high inflation on our SBD since so much SBD been created daily while the rewardpool is not getting any bigger . I think the system is adjusting according to the amount of SBD in the market .
If there is any mistake in my thinking , please let me know . I only saying base on the history i learn , so i am not really sure how our steemit value work .
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