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RE: Whales upvoting chosen accounts crap for the rewards is one thing, attacking the rewards of a genuinely productive account is utter madness
That is exactly the lesson I have taken from this whole experiment. Unfortunately, the legality and regulatory environment around such a solution is far more questionable.
People claim they want decentralized, free market, open, and censorship resistant, but in reality what they want is a well managed, curated experience designed to meet their needs.
It is definitely.. and as much as loyalty is concerned, there's no way to force anyone, as people are free to flip-flop whenever and for whatever reasons. I'd like to think that everyone's on the same boat though, just perhaps that FUDding could be well replaced by better ways of communicating, I guess.
Just to quote off someone in steemit chat:-
Yeah, this really is true. Nobody cares if a service is decentralized if it doesn't work as well as centralized alternative.
We have seen thousand of "let's put this service to the blockchain" projects and pretty much all of them fail because decentralization is expensive and makes the service more difficult to use.
Yup.. if anything I've always thought centralized beginnings are much better. I think Steem / Steemit is off to a good start this way, for its rather centralised user experience (are there any other activities on the STEEM blockchain other than Steemit-related stuff?). But I guess something that most didn't foresee is that we should've spent a longer time managing small amounts of money as a group (although arguably pre July-4 were supposedly those times). After close to a year running, I guess there are lots of lessons to be learned from whatever has happened in the community. Very valuable, just because no other platforms pulled this off :)
Also an important lesson to be learned: don't launch a blockchain in the USA, do it somewhere else where the regulations are not so bad.
Steem is still suffering from the way how launch was made. There are still some people who consider Steem to be a scam because of it. There should be a full explanation why it was made like that on the steem.io website (I might be able help you with that).
Yeah! There are usually quite big differences between preferences people say they have and preferences they actually have in the market. Especially in the cryptoworld, where people say they want all kinds of egalitarian communities, but don't actually use them because they fail so easily.