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RE: Is Steem economically efficient? In depth look into the economics of Steemit!
Steemit economy, poor and rich. The rich will continue to be rich and the poor will get poorer 👍
Follow upvote and resteem @p0o
In Steem, the poorest have the chance to get rich. All they need is $10 starting amount, get posting, buy 10 randowhale votes, and use the increased rewards on new posts. After a week you have $100. After a year you have $5,000.
Yes, thanks information my friend @ericwoelk 😊
Now go and do it :D
Thats true even if you dont use randowhale you can. Did 100 in 3 weeks without any randowhale or bot at the begining just by posting and comenting.
True. It's just a wasted option not to use randowhale on your posts.
This post is not aiming to have any pessimistic judgment about the wealthy community of Steemit since I believe there is nothing wrong with them. It's more about understanding how it works rather than blindly envision it as the ultimate solution to economical freedom which is not what Steem is made to be.