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RE: Disruptive technologies, speculative capital, and Thinking Big about Steemit
@jbrukh I like to think of STEEMIT and its entire Idea from the Crypto currency side to the distribution of funds to the content creators is all part of the new Decentralization Paradigm. It began with the Internet even taking advertising dollars and transaction fees away from their respective masters. Then came Google and they began the idea of returning Ad dollars to the "little guy." Then Facebook and now Instagram, where people with large followings, known as "Insta-Famous" can command $500 per picture/post or more. Again, Ad dollars trickling further down, and away from traditional media.
Yes, I agree. The internet was supposed to be the first decentralized technology and seems to have failed. It did manage to demonstrate disruptive P2P marketplaces of which Uber, Seamless, Airbnb, YouTube, etc. are great examples.
Ultimately those models tend to be less efficient than is possible because they still very much incorporate middlemen platforms and extraneous economic players (like advertisers). It will be interesting to see if decentralized platforms can provide the ultimate efficiency.
@jbrukh, I was going to mention Uber and AirBnB as other examples furthering the decentralization idea, or at least being disruptive enough to further along the ideas of truly decentralized ideas like Open Bazaar, Open Ledger and now STEEMIT.
FB and Instagram are incredibly centralized though. It's almost as if decentralization was a tool to extract more value from the masses by a couple of centralized entities.
@eeks, Instagram is not truly "decentralization" but it has furthered the idea of the letting the individual partake of the bounties of the platform. Now with platforms such as Open Bazaar, and now STEEMIT, the idea that you need the "money flow" to head back to the coffers of the company has changed to the idea that it the "money flow" comes back to the base, it's foundation known collectivley as "Steemians."
Full $TEEM Ahead
@streetstyle
Full STEEM ahead indeed. Good luck.
IMO, Instagram did decentralize, but on a higher level of abstraction. Previously to Instagram, photographers who would want to have their photography seen would have to approach giant centralized agencies for distribution. Now, distribution is delegated to Instagram content creators themselves (but enabled, still, by a centralized platform).
In decentralized systems we see today, both creation and distribution are enabled by full decentralization.