You are viewing a single comment's thread from:
RE: Steem Works: A Funding Mechanism for a Worker Proposal System
There's a lot of talk about "investors", but who are these people and why do they invest? Do they just hope they'll make a profit from cryptos going up in general?
I think the goal should be to draw advertisers, who might pay to promote their posts to the trending page, or buy the requisite SP. That way we get fiat money invested in steemit. But advertisers won't do that if most of the money is held by very few people. Internet ads, or posts, aren't made for a couple individuals.
So the best way to draw "investors", I think, is to draw people who, for one reason or another, want to spend their fiat money to get steem. And that's more likely to happen if wealth here is more equally distributed.
I think advertising is what steemit is trying to avoid in the first place. We start allowing advertisers to push their posts up the rank and the platform goes to shit like the rest of the social media world.
What's the reason for the "promote" button then?
Good question. I would assume for new users to get their articles they worked so hard on seen by a larger audience. I’m sure it wasn’t intended for spammy marketing or giant corporations to push their products into this space. I may be wrong.