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RE: Too tired to post (and other fallacies)
Earnings from consumption will be insignifigant for any practical purpose. The value of watching an ad once is very close to zero.
From watching ads probably. From voting on content it can be significant. Of course, it depends if you are willing to invest but a Netflix subscription is about 100 steem a month.
Voting on one piece of content is also worth nearly zero!
A vote is just one person's opinion on a piece of content. Seriously, what extent of value is that supposed to have? Sure, it's useful to have content organized according to popularity but one person expressing opinion on one particular piece of content has very close to zero economic value.
Um, at these prices it is worth not much, but these prices needn't be the marker of value. Then, there is value if there are 100,000 real voters with 100 SP each too when prices increase. By then there will be several thousand dolphins sending out 100s of 1000s a day to people, and getting a return on that too. Then there is the potential value of tokenization layers. The value of applications selling subscriptions too. Many values through tokens and consumption actions.
A lot of words. I'm talking about the VALUE of ONE person expressing an opinion about ONE particular piece of content. The context here is what the average user can earn by consuming content. Under no sustainable arrangement can those earnings be anything substantial, pennies per day maybe. It makes no difference whatsoever how many tokens there exist for expressing an opinion about a piece of content because the fundamental reality is that the average person consuming a piece of content will always have very little economic value.
The average user here now? How many accounts have over 500 SP? 15000? I don't know and can't check from here. For many that amount can be significant. And with 15 000 active curators, that attracts other kinds of values to. And then your argument is one that one cigarette doesn't kill, so smoking 10,000 amounts to nothing also. It is short sighted.in my opinion. This platform is designed to encourage ownership, that means investing.
You are right that a single person consuming one piece of content has very little value, but that is anywhere in this world, yet consumption still drives economy.
Exactly.
Actually, I think it's as much production as consumption that drives the economy. But that's nor here or there. What tokenization does is completely flatten the barriers to entry between the consuming class and the owning class. For anyone who wants, it will be trivial to buy STEEM and power up to become an owner and start wielding influence over the platform. For the top 1% of earners among content creators, it will be the default position to accumulate ownership.
But the above is a totally different thing from the average user earning by consuming to any significant degree when Steem has expanded and matured from its current infantile stage.
Supply and demand.
And, if steem matures there will be a lot more value being integrated into the blockchain,that means that more can earn, in a similar way to how investors get dividends. Still got to buy in though and it isn't just the Steem token that can hold value. It is possible that an SMT well and truly outperforms STEEM while still being on Steem.
It's too early to say how SE-tokens or SMTs will succeed. One thing the creators of a token should think about really carefully is the supply parameters and issuance schedule. Not too many will want to hold is the max supply is ridiculously large.