RE: Voting on Others Will NOT Save Steem
Honestly if the system worked correctly, I believe that rewarding beneficial contributions to the ecosystem would grow the ecosystem and improve it, which adds value. This would ideally make the price of STEEM go up, and therefore improve your investment.
Now that is based on the sentiment that those that hold the most stake want to get a return on that stake, and therefore will do what is in the best interest of the platform. But this requires long term thinking and being intelligent to understand that in business certain things are needed. Like a good management team, communication, direction, focus, marketing, pr, and catering to the user base in the development.
Currently the norm here is to upvote other people’s shit content (or your own), as no one can see long term. No one is thinking about the Steem ecosystem and how improving it improves the overall value of STEEM and everyone’s investment.
It’s become a game of who can suck out the most roi from the pool before someone else does.
Why would anyone work to improve the ecosystem when others are rewarded for shitting on it? There is no incentive to contribute, there is incentive to suck it dry... so that’s what people do.
If there was leadership and if people actually rewarded the behavior they wanted to see, supported beneficial actions and actually worked together to take care of the large gaping holes that need to be filled here, well that would probably become the norm.
If that was the norm, the ecosystem would improve and the price of STEEM would go up.
That requires organization though, it requires leadership and requires Someone to set the tone. Someone has to be the leader and work towards the combined goal... someone has to pull this place together.
So, why would someone invest? Well because they get something out of it, or that’s the way it was suppose to work anyways 🙂 just the “something” was suppose to be an overall return on the investment over time.. not a quick upvote for the day and no look at longevity.
Well.. that’s my opinion anyway...
Steem will balance itself...bots are the future but I agree with you a leader should rise one day and change the game.
fantastic insight and I agree with your word 🙂
This is not likely to be the case. Which is why this downvote pool is such a terrible idea. Instead of trying to reward content more "fairly" we need to be figuring out how to create more demand for steem/steem power. This downvote pool will actually do the opposite and remove demand for steem and steem power and will help steem go down even faster.
Nothing about my statement was about rewarding content “fairly” or a downvote pool (even though I think you’re wrong in your statement) and if you think anything I am saying or the future of this place is based on “content” then I don’t know what else to say as you have missed the point entirely.
well-done
Very well said!