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RE: Poking fun at another social media behemoth
It's hard not to think there's something wrong with Steem It, when someone posts a meme and makes $723. Let's see how much will this last, seems unsustainable. The earnings don't represent the value of the content, and all this is doing is just bringing more people to see what this is, can't wait for Bitcoin Uncensored to do an episode and tell us if this is yet another alt-coin ponzi.
I agree that this reflects badly on the steem system as rewards should be dispersed more thoughtfully.
The payouts are ultimately decided by investors. If they think rewarding memes will increase growth, that's up to them.
I caution these investors who vote up memes to consider what will attract long term loyal users.
I hope steemit doesn't try to emulate the success of Facebook and Reddit, but instead becomes a place of thoughtful discussion and education.
an economy of discussion
thank you for not trolling me. Question, so how do these investors get any returns by upvoting a post like this one?
I guess investors upvoting this post expect similar content to spawn, which they might do because they think this kind of content is easily digested by more people.
It may be sound logic, I don't know, maybe an investor who upvoted this can explain their motivations.
If this is the quality of "thoughtful discussion" steem is fucked. You don't even understand how steem works and you're talking.
I have a fair idea of how steem works. I see your account is just 2 hours old.
If your idea of thoughtful discussion is attacking people's intellect and being a sockpuppet, then I'm not sure what you're trying to achieve. You didn't add anything particularly insightful to this discussion so have a flag!
As I said in a comment below:
There is very clear favoritism among accounts with high Steem Power. Certain accounts routinely get massive rewards for content that isn't noticeably better than the rest. Some of it surely comes from high SP accounts running autovote bots to vote up the content of specific users.
unfortunately, I have already sensed this intuitively. My cash cow will be my website, and nothing else.
for a healthy system, there must be built in to the action of the system a way to prevent disapropriate distribution of wealth.
why? there is a reason facebook worth so much money they make the same if not more for the same memes
the difference is they didn't create the content but all the revenue goes to them because they own the site.
i think steemit is brilliant and an evolution of the internet time to get rid of the middle man corporate giants
that control our data our thoughts opinions and make all the profit for that!
time will tell but i think we are witnessing something amazing :)
Fucking idiots all over this shit heap.
Yeah no.