You are viewing a single comment's thread from:
RE: Steemit's achilles heel - rampant inequality
That's certainly true. And as we know with capitalist systems, this will just grow more and more inequal over time, exponentially too. If uncontained, it could be that the top 100 steemers control all the content, while millions of the rest barely get any influence at all.
It will discourage people with real talent over the long run.
I'm confident the developers will figure out a better system though.
Yes companies will be able to just power up and control messages not only on specific subs like the do on reddit but across the entire site. Don't want information you don't like getting out just set up a few accounts with bought steem power, setup bots, and flag any messages immediately based on key words or phrases you choose.
As for the better system the devs better come up with it soon. You only get one chance to make a good first impression and so far I have not been impressed at all. If it wasn't for some encouragement from a few other people I would have been gone already.
That's pretty much what I mean - the potential for abuse. In which case, I'll go back to Reddit. There'll be more junk content there, but much more of the good stuff will be visible as it's a true democracy with every redditor having an equal vote.
But I really want to see Steem succeed as it is overall a better system than Reddit. They just need to control abuse of high steem power.