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RE: Will Steem succeed or commit suicide?

in #steemit7 years ago

That was poorly phrased on my part. I was implying "for the better" simply means whatever benefits them more.

The whole point is there isn't agreement on what "for the better" is. Sorry about that.

It's disingenuous of you to compare Socialism and An-Cap. We're talking straight capitalism here, control of one's own assets. You want to compare the numbers of capitalists and socialists in the US, totally inverting your numerical advantage?

Socialism is a garbage ideal for those with garbage logic. Like Communism, it only works in theory until you run out of other people's money (tm), and Steemit is designed to be diametrically opposed to it.

"Less people will upvote your posts and your payouts will decrease. Also, the value of steem will drop."

If you haven't already noticed that the number of your votes is almost irrelevant, because 1 whale is worth 10,000 minnows, then I don't know what to tell you. Losing a bunch of minnow votes really doesn't mean anything. Minnows, if they aren't creating quality content, are a drain on the platform.

If you have data to prove that the value of an asset will drop if you can't get it into the hands of those with no net worth, I'd love to see it.

PS - Still loving the name.

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If you have data to prove that the value of an asset will drop if you can't get it into the hands of those with no net worth, I'd love to see it.

Just look at what happened to digg when it became dominated by a handful of power users.

Well, I don't have any data to show you but I do belive the value of a social plataform depends heavly on how many people want to use it.

Think about it: there is no ads, no value creation besides the content posted which is not sold to anyone. So, where the actual value comes from? Like any other currency, from the adoptions and trade utility. Both will not grow if the reward system still the way it is. And I know it because all those minnows trying to change this reward system is the only data I have to think about steemit, maybe not enought to convince you, but still something you should consider.

If things stay the way they are, steemit will soon become a small and valueless plataform for early adopters/investors scratch each others back. That's the right time for steemit to learn and improve or resist and probably die. That's the main reason I am not willing to invest more than the 500 usd I alredy invested on steemit.

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