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RE: Open Letter to Bidbot Operators
Oh listen Nathen, you are not incorrect here...
This is a financially driven environment, not one led by content. When 'success' is measured by financial value and not by true engagement, many of the arguments about what constitutes 'quality' or not become invalidaated.
Content does not make Steem go up in price, investment does. The idea is (or at least was) that the content would give Steem its relevance to attract investment.
Since we have not edificed content, great content, we have effectively not brought in the right type of investment. But this is a long war, not a single battle.
We are just in the pits, and take a bullet or two on the shoulder for disagreeing on how to reach solutions, that is all.
I would have to completely disagree with you here. :D
This is a completely content driven economy. Without content there wouldnt be any economy on Steem.
Steem is a reward based economy, meaning you need to have something to reward, that being content.
Economy constitutes of production (content), consumption (of that content) and the supply of money.
Be that content bad, average or amazing, doesnt matter.
We might be talking about the order that we think these dynamics play out. In which case, Its probably accurate.
Users with Great Content brings Investments which in turns produces great rewards for the users.
So its like a little cycle...
How the wheel gets started, that might be our point of disagreement.
But unfortunately Steem reputation is slightly stained due to many things.
All of that affects the investments, and the price.
You forgot the ninja mining... some people can't get over how this whole thing started.
I remember bumping into a post by @inertia back in the day that made a lot of sense to me... and honestly as simple as that, I got over the ninja mine thing.
That was far before my time, so id really need to read up what exactly was happening to understand why people are mad at it.
I only heard you lately mention that.
Well i think the wheel got started because there was a belief that the founders and creators of the idea of Steem would deliver what they promised to.
When it comes to attracting investment, the token that shows it has the ability to fulfill its core goals (and offers value) will do better.
Had Steem completely succeeded at its goal i think we would be looking at a completely different picture in the market cap list.