You are viewing a single comment's thread from:
RE: Bitcoin and STEEM could integrate in an autonomous network of journal publishing
The price of steem is based on the content being put into the system. If it drifts down to the lowest common denominator of bot spam, then it won't be worth anything.
Thankfully, in Steemit's short life, it's pretty apparent that we value personality, human experiences, art and freedom of expression. If Bitcoin's value is based on scarcity, then Steemit's value is based on the content (energy) we share with each other.
It wouldn't be bot spam because users would filter the utility of created content much like Reddit, and indeed is that is what happening here anyway. Bots could spam articles all day, but they won't, because it will not be profitable, and they will become more inclined to produce valuable conte.t