RE: Final thoughts on #NewSteem, Blockchain Ethics, and Chasing off Investors.
I have profited from our discussion, far more in terms of understanding than financially. That's why I'm here, and why social media is so profitable overall. The benefits of most platforms aren't even potentially financial, yet we see that people flock to them. This demonstrates that non-financial values are far more important to society than financial interests.
Steem is broken because it focuses on financial interests to the exclusion of other, more valuable, societal features IMHO.
"When you take the existing system we have, and suddenly force investors to share only, and to stop profiting..."
Since when does enabling endeavors to generate capital gains prevent profit, or force investors to share? Preventing investors from taking the products fabricated in a factory off the line and selling them on the black market is not forcing them to share. It's allowing the proceeds of conducting business to inure to the investment vehicle, rather than stealing them from other investors.
This is why Bain Capital Partners is perennially in litigation for tort, and Berkshire Hathaway not only isn't, but is followed by speculators who invest in whatever Warren Buffet invests in, to profit from the rise in stock prices he inevitably creates.
Thanks!
Thanks for sharing your ideas @valued-customer!