You are viewing a single comment's thread from:
RE: Steem is not a blogging platform. Steem is an ad-hoc public and transparent corporation. Let me explain...
IMHO, two main problems of steem for now are:
- Huge inequality in SP distribution. It is so big that it prohibits the growth of the system.
- Lack of demand for Steem. One needs to have an ability to buy an attention of others to his own post for steemcoin.
I don't think point 1 matters at all, except in the issues I have been talking about recently with curation rewards (which give too much advantage to big investors, and, let's just remember, their having bought in raised the value of Steem).
Increasing demand for Steem requires probably just more time, more exchanges working with it, and the usual old chestnut, more people accepting it for payment. The latter point is being addressed already. I think it is only a matter of time before there is many retailers accepting any and all types of blockchain assets.
Steem has a particularly good prospect with this in the existence of its Steem Power, which accrues interest as well as locking value into the market capitalisation long term. It's not just a coin. There is also the hedged SBD, which I am sure will also be optimised over time and become really true to its name.
Well, people like games. When a person clik vote button on reddit, he knows that his voice matters. On Steemit, if you want give $0.01 with your vote you should lock $1000 in the system for 2 years. Otherwise, you vote means literaly nothing - $0.00. For the newcomers this game seems skewed.
That's because they think it's a democracy, and not a corporate board of stockholders. Here, votes mean money, so that takes it out of the realm of idle amusements and into srs biznes.
If you want to play this kind of game, you would have to go elsewhere to look for it. There is hidden, underlying features to the structure of Steem that people are only just starting to catch on what they are. There is more than enough other places where this kind of childish games can be played.
This is why I made this post, to bring it to people's attention. I think if people more generally understood the potential power of this platform, they would also understand why votes are weighted by how much you have vested in the platform.
Steem is a vehicle for massive economic empowerment, and in my opinion, is going to radically change how people see cryptographic distributed database systems. This rewrites the entire ruleset of business.