You are viewing a single comment's thread from:
RE: Still Confused by Steem, Steem Dollars, and Steem Power? The Power Plant Analogy
Thanks for vivid explanation.
- What I am interested what happens with steem platform when fiat currency is used to buy steem? What happens with fiat currency? Who benefits from it?
As far i understand market price of steem goes up, and we as shareholders have potential to bennefit from it. But how does it affect us when big media corporations or social netwotks come in with their money, except we again profit form market price rising. They with big steempower can present their content and push it onto us. In this early stage, those who accumulate lot of steem have nice prospects when price is rising. - How does say in example it benneftis steem and community if big corporation enters this network? How is then steempower distributed and who rules the steem i that scenario?
- Is steem in that case more powerfull and we are we as normal shareholders like sheep on field being led by corporations?
I think what Steem needs is a system that gives more preference to our "friends". Otherwise we basically have a reddit that is, in a sense, less organic as you can pay your way to get to the top.