5 hidden dangers of SteemIt
1. Illegal content
Since there's no censorship possible, it's a guarantee that highly illegal content will surface sooner rather than later. I suspect piracy to be one of the first.
2. Addiction
The dangers of social media are getting more and more known. But if you reward people financially, it's rising to a whole new level!
3. Repetitive strain injury / Carpal tunnel syndrome
People are going to upvote 100's of times a day and will constantly be refreshing their page to see how much they made now, and now, and now, and now. "Just....one.....more".
4. Phishing
Since all "incomes" are public on SteemIt, the most successfull people will almost certainly be victim of phishing- and/or hacking attacks.
5. Botting
If there's money to be made, people will find ways to exploit it. In my opinion it's only a matter of time before SteemIt is filled with 100's, if not 1000's of bots. Some will be positive, but most will be for the sole purpose of exploiting the system to make loads of money.
I think now, we are only on the beginning of the Steem-like projects.
Steem is a powerfull experiment.
i think the founders have these points marked, nice to see great ideas to improve the platform
Bad ideas? To which bad ideas are you referring?
great ideas to bad use cases, I explained bad 8]
Ah ok :)
Yeah, my intuition is that posting how much money each user has will definitely mark them as targets for hacks. I would make this an opt-in option and set the default to private.
I don't know if it's technical possible to hide it anymore since it's on a public ledger (blockchain).