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RE: Resistance Is Futile: Countdown To The Extinction Of Economic Dinosaurs...?

in #crypto7 years ago

I don't disagree with you at all in regards to Steemit posts. My statement is probably better aligned with a project like BAT rewarding users for their attention.

The "problem" with Steemit is that they are committed to distributing a fixed amount of tokens to users regardless of the quality of the work. It's a finite resource that everyone in the ecosystem is competing over. Natural selection doesn't select traits because they are "high-quality"; they are selected only for survival. Unfortunately, survival in Steemit's ecosystem means spamming into oblivion and joining the populism.

Steemit's SMT, by contrast, functions more like a subreddit, or niche with specific rules for survival that the community enforces through the exchange of that community's token (similar to Reddit's moderators). "Girlsinfrontofmirrors" would have no incentive to post in "thoughtfulfellas" because that community would not reward such behavior and vice versa. This enables members of the SMT community to thrive without having to compete with the entire ecosystem. The most popular posts in the niche might then go back into Steemit broader ecosystem reflecting something like Reddit's "Rising" or "Hot" page.

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