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RE: STEEM WHISTLEBLOWER: Whale Bots Are Devaluing STEEM!
I've written about this in this previous controversial post.
Wherever you agree or not for that post or user in particular, I think it's pretty clear the curation reward system is a corrupt one and nothing good comes out of that. People vote mindlessly for whatever makes them money, either via curation rewards or by voting people who attract more people (whales do this constantly). They continue to consistently disregard good or unique content. And that's what basically killing the platform right now.
If Steemit goes to 20 cents, maybe money will be taken out of the equation. But on the other hand, what's the point of it then?
0.20 cents on Steem is still >> Facebook + Twitter + whatever else combined.
Could be but you can't aim that low if you want a future for the platform. There are a lot of issues not addressed and that's why the price and user activity are free falling. That means less money to develop the system and company. I think some competition will be very good for Steemit.
I'd say the point of Steemit long term is education and betterment of mankind through helping common people become greater than they currently are by expressing themselves.
The value of Steem Backed Dollars and Steem aren't the point here really. The point is that we need to be placing our eggs in actual baskets rather than blurby fluff bits!