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RE: Is SteemIt.com Turning Into Federated Media?
Hi @sunjata and thanks for the thoughtful reply. I was a bit concerned that people would think I'm being anti-SteemIt but I'm not. Like you, I'm concerned about the direction this is going. See, it's not just "minnows" - we're talking about SteemIt users with $4k plus of SP with 100+ followers who are thinking about doing a featured article on someone else's blog because that seems like the best choice. That shouldn't be necessary (and no, I'm not just talking about me ;) ).
It's definitely not anti-Steemit to raise concerns about things that could derail a project that you care about or are invested in. I've been "pro" bitcoin for at least 3 years and I still think there's 100 things that could go wrong with it. And, although I thought the DAO was a cool idea, the groupthink around it was a huge red flag and I ended up staying well away from it. Friendly criticism is vital :)
So, yes, I agree with you that fairly wealthy accounts thinking about federating articles is a bad sign. The reason I had the idea to run the numbers on curation etc was, in fact, that I'd seen some federated fiction and considered whether I should do this myself. But when I looked at the author in question's stats, despite getting onto the front page and having a much longer posting history, they only had a third more followers than I did. Followers, and visibility in a particular community, are the key for anyone playing a long game, so that one-off payment in SBD seems to have a pretty limited value (although it would still be nice).