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RE: Curation Reward Maximization In Light Of The Greater Fool Theory
Good post.
So basically, it's an ecosystem designed for, and condoned by , sociopaths and narcissists. (and that's puttin' it midly).
95% of people with ethics and morals, do find that remotely attractive, and have no interest in finding 'greater fools' to profit from...
Free markets are not built on this, but on one of adding value by selling products or service.
I wonder why steem is dropping like a stone? (price, users, retention)....mmmm
Free markets are built on profit maximization. Period. That's the very basic premise which they are built upon. The management of any corporation has a duty to maximize shareholder value first and foremost. That is also survival issue as in the long term a commercial enterprise not concerned with maintaining profitability will be supplanted by one that is.
The basic problem on Steem is finding a way for the value creators (content creators who create value) to also capture said value. EIP has been a vast improvement compared to the situation before. Anyone who thinks the price should've reflected that immediately is being unrealistic.
Besides, don't you think it's a good thing there is a way for selfish maximizers to benefit from the curation reward system? If it were to rely on altruism alone, it simply couldn't work at all - just like the free market in general.
If it's not built within a social fabric structure first, one that's built on ethics and morals, then it's oligarchy. (like steem).
Might is right, zero accountability.
No reference except profit?
That's corporatism. The clue is in the the word corps(e).
No personal accountability = playground of the psychopath.
Yeah and look where that's got us. Not an argument.
....fun fact - a study was carried out of lots of top strata corp individuals, and psychopaths were at a much higher %, than the general population.
....Just because the lunatics have taken over the asylum, it isn't an argument to endorse the continuation of the model.
Decentralization starts with corporations. (in the real world).
Altruism doesn't exist.