You are viewing a single comment's thread from:
RE: The potential for Steem insanity
As someone new to steem this was really helpful to understand how it all works so thanks. I think the fact that you could make so much steem just by already having a lot seems strange to me - it should be designed to reward quality and discourage just gaming for profit.
I'm also new here, trying to figure out how things are related. I totally agree that the rewards for better content can still be improved.
This takes time and because it is a stake-based platform, what is interesting is currently quite narrow. However, through SMTs and communities, the supported content should widen quite a lot, the difference is that they won't be earning Steem differently, they will be earning another native token.
Imagine in your workplace getting paid in Euros, but also earning Yuan, Yen and US dollars simultaneously - if people in those countries found your work valuable also. One job, 4 income Streams. While they might not all be of the same value, they can all be valuable.
Thanks for this metaphor, that makes it a bit easier for me to understand. But I guess that I'll still need time to delve into these thoughts. Glad the community is helping here!
No worries, helping out is part of the Steem experience in my opinion :)
!ENGAGE 20
@davidlionfish you have received
20 ENGAGEfrom @tarazkp!View and trade the tokens on Steem Engine.
!ENGAGE 20
@davidlionfish you have received
20 ENGAGEfrom @galenkp!View and trade the tokens on Steem Engine.
Yes, it is strange, nut it is about having value directly between creator and consumer. Normally, this value is only available to a centralized authority, for example Facebook. Stakeholders own the network and help stabilize the platform, similarly to centralized platforms. The difference is, pretty much every creator could earn with a little effort, whereas on the others, very, very few can - and those who earn highly are chosen to earn highly by the platform - not the community.