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RE: The Fatal Flaw of Steem: Inflation. The Solution?
In a way, steemit is already selling advertising. Advertisers just don't know it yet - or maybe the cost/benefit analysis doesn't work out for them at current prices, but it's built into the platform.
For example, if I'm a shoe company, and I want to get all of my sneaker ads in front of tens of thousands of steemit users, I just have to buy enough steempower to vote all of my sneaker ads into the trending list. I'll even get some of my money back in curation rewards.
The issue with that is there aren't really enough current users to make it worth investing that kind of money to do it.
Exactly. If you can afford to make a fat upvote for every post about shoes the whole Internet will be full of those posts )
It's just a bit more subtle way than just "pay for advertising ".